Common use of No third party Security Interests Clause in Contracts

No third party Security Interests. Without limiting the generality of Clause 10.6 (Legal validity), at the time of the execution and delivery of this Guarantee and any other Security Document to which the Guarantor is a party: (a) the Guarantor will have the right to create all the Security Interests which such Security Documents purport to create; and (b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.

Appears in 4 contracts

Sources: Guarantee (Seanergy Maritime Holdings Corp.), Guarantee (United Maritime Corp), Guarantee (United Maritime Corp)

No third party Security Interests. Without limiting the generality of Clause 10.6 (Legal validity)10.5, at the time of the execution and delivery of this Guarantee and any other Security Document to which the Guarantor is a party: (a) the Guarantor will have the right to create all the Security Interests which such that Security Documents purport Document purports to create; and (b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.

Appears in 3 contracts

Sources: Guarantee, Guarantee, Guarantee

No third party Security Interests. Without limiting the generality of Clause 10.6 (Legal validity)10.6, at the time of the execution and delivery of this Guarantee and any other Security Document to which the Guarantor is a partyeach Guarantor’s Document: (a) the Guarantor will have the right to create all the Security Interests which such Security Documents purport that Guarantor’s Document purports to create; and (b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.

Appears in 2 contracts

Sources: Guarantee (Capital Product Partners L.P.), Guarantee (Capital Product Partners L.P.)

No third party Security Interests. Without limiting the generality of Clause 10.6 (Legal validity)10.5, at the time of the execution and delivery of this Guarantee and any other Security each Finance Document to which the Guarantor is a party: (a) the Guarantor will have the right to create all the Security Interests which such Security Documents purport that Finance Document purports to create; and (b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.

Appears in 2 contracts

Sources: Supplemental Agreement (TBS International PLC), Supplemental Agreement (TBS International PLC)

No third party Security Interests. Without limiting the generality of Clause 10.6 (Legal validity), ; effective Security Interests) at the time of the execution and delivery of this Guarantee and any other Security each Finance Document to which the Guarantor Borrower and each other Security Party is a party: (a) the Guarantor Borrower, or as the case may be, each other Security Party will have the right to create all the Security Interests which such Security Documents purport that Finance Document purports to create; and (b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.

Appears in 2 contracts

Sources: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)

No third party Security Interests. Without limiting the generality of Clause 10.6 10.5 (Legal validityvalidity and effective Security Interests), at the time of the execution and delivery of this Guarantee and any each of the other Security Document Finance Documents to which the Guarantor is a party: (a) the Guarantor will have the right to create all the Security Interests which such Security Documents purport that Finance Document purports to create; and (b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.

Appears in 2 contracts

Sources: Amending and Restating Deed (Global Ship Lease, Inc.), Second Amending and Restating Deed (Global Ship Lease, Inc.)

No third party Security Interests. Without limiting the generality of Clause 10.6 (Legal validity)10.6, at the time of the execution and delivery of this Guarantee and any other Security each Finance Document to which the Guarantor is a party: : (a) the Guarantor will have the right to create all the Security Interests which such Security Documents purport that Finance Document purports to create; and and (b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.

Appears in 1 contract

Sources: Guarantee (DryShips Inc.)

No third party Security Interests. Without limiting the generality of Clause 10.6 (Legal validity)10.5, at the time of the execution and delivery of this Guarantee and any other Security Document to which the Guarantor is a partyeach Guarantor’s Document: (a) the Guarantor will have the right to create all the Security Interests which such Security Documents purport that Guarantor’s Document purports to create; and (b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.

Appears in 1 contract

Sources: Guarantee (Box Ships Inc.)

No third party Security Interests. Without limiting the generality of Clause 10.6 (Legal validity)10.5, at the time of the execution and delivery of this Guarantee and any other Security Document to which the Guarantor is a partyeach Guarantor's Document: (a) the Guarantor will have the right to create all the Security Interests which such Security Documents purport that Guarantor's Document purports to create; and (b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.

Appears in 1 contract

Sources: Guarantee (Box Ships Inc.)

No third party Security Interests. Without limiting the generality of Clause 10.6 (Legal validity), validity and effective Security Interests) and the other documents executed pursuant thereof at the time of the execution and delivery of this Guarantee and any other Security each Finance Document to which the Guarantor is a party: (a) the Guarantor will have the right to create all the Security Interests which such Security Documents purport that Finance Document purports to create; and (b) no third party will have any Security Interest (except for other than Permitted Security InterestsLiens) or any other similar interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.

Appears in 1 contract

Sources: Guarantee (EuroDry Ltd.)

No third party Security Interests. Without limiting the generality of Clause 10.6 9.5 (Legal validity), at the time of the execution and delivery of this Guarantee and any other Security Document to which the Guarantor is a party: (a) the Guarantor will have the right to create all the Security Interests which such the Security Documents purport Document purports to create; and (b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.

Appears in 1 contract

Sources: Guarantee (Performance Shipping Inc.)

No third party Security Interests. Without limiting the generality of Clause 10.6 10.5 (Legal validity), at the time of the execution and delivery of this Guarantee and any other Security Document to which the Guarantor is a party: (a) the Guarantor will have the right to create all the Security Interests which such the Security Documents purport to create; and (b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.

Appears in 1 contract

Sources: Guarantee (Seanergy Maritime Holdings Corp.)

No third party Security Interests. Without limiting the generality of Clause 10.6 (Legal validity), ; effective security interests) at the time of the execution and delivery of this Guarantee and any other Security each Finance Document to which the Guarantor Borrower and each other Security Party is a party: (a) the Guarantor Borrower, or as the case may be, each other Security Party will have the right to create all the Security Interests which such Security Documents purport that Finance Document purports to create; and (b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.

Appears in 1 contract

Sources: Loan Agreement (Navios Maritime Acquisition Corp)

No third party Security Interests. Without limiting the generality of Clause 10.6 (Legal validity)10.6, at the time of the execution and delivery of this Guarantee and any other Security Document to which the Guarantor is a partyeach Corporate Guarantor’s Document: (a) the Corporate Guarantor will have the right to create all the Security Interests which such Security Documents purport that Finance Document purports to create; and (b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.

Appears in 1 contract

Sources: Corporate Guarantee (DryShips Inc.)

No third party Security Interests. Without limiting the generality of Clause 10.6 (Legal validity)10.6, at the time of the execution and delivery of this Guarantee and any other Security each Finance Document to which the Guarantor is a party: (a) the Guarantor will have the right to create all the Security Interests which such Security Documents purport that Finance Document purports to create; and (b) no third party will have any Security Interest (except for Permitted Security Interests) or any other interest, right or claim over, in or in relation to any asset to which any such Security Interest, by its terms, relates.

Appears in 1 contract

Sources: Guarantee (Scorpio Tankers Inc.)