Common use of Challenge to registration Clause in Contracts

Challenge to registration. The registration of a Vessel or a Mortgage is contested or becomes void or voidable or liable to cancellation or termination, or the validity or priority of a Mortgage is contested.

Appears in 20 contracts

Sources: Secured Loan Agreement (Euroseas Ltd.), Secured Loan Agreement (Performance Shipping Inc.), Facility Agreement (Navios Maritime Partners L.P.)

Challenge to registration. The registration of a the Vessel or a the Mortgage is contested or becomes void or voidable or liable to cancellation or termination, or the validity or priority of a the Mortgage is contested.

Appears in 16 contracts

Sources: Secured Loan Agreement (EuroDry Ltd.), Secured Loan Agreement (DHT Holdings, Inc.), Secured Loan Agreement (Poseidon Containers Holdings Corp.)

Challenge to registration. The registration of a Vessel or a the Mortgage is contested or becomes void or voidable or liable to cancellation or termination, or the validity or priority of a the Mortgage is contested.

Appears in 5 contracts

Sources: Secured Loan Agreement (Euroseas Ltd.), Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)

Challenge to registration. The if the registration of a Vessel the Vessels or a Mortgage the Mortgages, or any of them is contested or becomes void or voidable or liable to cancellation or termination, or if the validity or priority of a Mortgage the Mortgages, or either of them, is contested.; or

Appears in 1 contract

Sources: Secured Loan Facility Agreement (Euroseas Ltd.)

Challenge to registration. The registration of a the Vessel or a the Mortgage (in each case following the Delivery Date) is contested or becomes void or voidable or liable to cancellation or termination, or the validity or priority of a the Mortgage is contested.

Appears in 1 contract

Sources: Secured Loan Agreement (Poseidon Containers Holdings Corp.)

Challenge to registration. The registration of a Collateral Vessel or a Mortgage is contested or becomes void or voidable or liable to cancellation or termination, or the validity or priority of a Mortgage is contested.

Appears in 1 contract

Sources: Secured Loan Agreement (DryShips Inc.)

Challenge to registration. The registration of a Vessel or a Mortgage or the Collateral Mortgage is contested or becomes void or voidable or liable to cancellation or termination, or the validity or priority of a Mortgage or the Collateral Mortgage is contested.

Appears in 1 contract

Sources: Secured Loan Agreement (Poseidon Containers Holdings Corp.)

Challenge to registration. The registration of a Vessel Vessel, or the Collateral Vessel, a Mortgage or the Collateral Mortgage is contested or becomes void or voidable or liable to cancellation or termination, or the validity or priority of a Mortgage or the Collateral Mortgage is contested.

Appears in 1 contract

Sources: Secured Loan Agreement (Diana Containerships Inc.)

Challenge to registration. The registration of a the Vessel or a Mortgage is contested or becomes void or voidable or liable to cancellation or termination, or the validity or priority of a Mortgage is contested.

Appears in 1 contract

Sources: Secured Term Loan Facility (DHT Holdings, Inc.)