Common use of Prevention of and release from arrest Clause in Contracts

Prevention of and release from arrest. Each Borrower shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the Earnings or the Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, the Earnings or the Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by it, the Earnings or the Insurances, and, forthwith upon receiving notice of the arrest of the Ship owned by it, or of its detention in exercise or purported exercise of any lien or claim, that Borrower shall procure its release by providing bail or otherwise as the circumstances may require.

Appears in 15 contracts

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

Prevention of and release from arrest. (a) Each Borrower shall shall, in respect of the Ship owned by it, promptly discharge: (ai) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by itthat Ship, the its Earnings or the its Insurances; (bii) all taxesTaxes, dues and other amounts charged in respect of the Ship owned by itthat Ship, the its Earnings or the its Insurances; and (ciii) all other outgoings whatsoever in respect of the Ship owned by itthat Ship, the its Earnings or the its Insurances, and, forthwith . (b) Each Borrower shall immediately upon receiving notice of the arrest of the Ship owned by it, it or of its detention in exercise or purported exercise of any lien or claim, that Borrower shall take all steps necessary to procure its release by providing bail or otherwise as the circumstances may require.

Appears in 10 contracts

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

Prevention of and release from arrest. Each The Borrower shall procure that each Owner shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the her Earnings or the her Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by itShip, the her Earnings or the her Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by itShip, the her Earnings or the Insurances, her Insurances and, forthwith upon receiving notice of the arrest of the Ship owned by itShip, or of its her detention in exercise or purported exercise of any lien or claim, that Borrower the relevant Owner shall procure its her release by providing bail or otherwise as the circumstances may require.

Appears in 6 contracts

Sources: Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.)

Prevention of and release from arrest. Each Borrower shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the Earnings or the InsurancesInsurances other than Permitted Security Interests; (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, the Earnings or the Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by it, the Earnings or the Insurances, and, forthwith upon receiving notice of the arrest of the Ship owned by it, or of its detention in exercise or purported exercise of any lien or claim, that Borrower shall procure its release by providing bail or otherwise as the circumstances may require.

Appears in 5 contracts

Sources: Loan Agreement, Loan Agreement (Dynagas LNG Partners LP), Loan Agreement (Dynagas LNG Partners LP)

Prevention of and release from arrest. Each The Borrower shall procure that each Owner shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the Earnings or the Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, the Earnings or the Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by it, the Earnings or the Insurances, and, forthwith upon receiving notice of the arrest of the Ship owned by it, or of its her detention in exercise or purported exercise of any lien or claim, that the Borrower shall procure its her release by providing bail or otherwise as the circumstances may require.

Appears in 5 contracts

Sources: Loan Agreement, Loan Agreement, Loan Agreement (Capital Product Partners L.P.)

Prevention of and release from arrest. Each The Borrower shall procure that each Owner shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the her Earnings or the her Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by itShip, the her Earnings or the her Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by itShip, the her Earnings or the Insurances, her Insurances and, forthwith upon receiving notice of the arrest of the Ship owned by itShip, or of its her detention in exercise or purported exercise of any lien or claim, that Borrower the relevant Owner shall forthwith procure its her release by providing bail or otherwise as the circumstances may require.

Appears in 4 contracts

Sources: Amending and Restating Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)

Prevention of and release from arrest. Each The Borrower shall procure that each Guarantor shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the its Earnings or the its Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, the its Earnings or the its Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by it, the its Earnings or the its Insurances, and, forthwith upon receiving notice of the arrest of the Ship owned by it, or of its detention in exercise or purported exercise of any lien or claim, that Borrower the relevant Guarantor shall procure its release by providing bail or otherwise as the circumstances may require.

Appears in 3 contracts

Sources: Loan Agreement (Arlington Tankers Ltd.), Loan Agreement (General Maritime Corp / MI), Loan Agreement (Arlington Tankers Ltd.)

Prevention of and release from arrest. Each Borrower shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the Earnings or the Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by itShip, the Earnings or the Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by it, the Earnings or the Insurances, ; and, forthwith upon receiving notice of the arrest of the Ship owned by it, or of its detention in exercise or purported exercise of any lien or claim, that Borrower shall procure its release by providing bail or otherwise as the circumstances may require.

Appears in 3 contracts

Sources: Loan Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Holdings Inc.)

Prevention of and release from arrest. Each Borrower Shipowner shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the her Earnings or the her Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, the her Earnings or the her Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by it, the her Earnings or the her Insurances, and, forthwith upon receiving notice of the arrest of the Ship owned by it, or of its detention in exercise or purported exercise of any lien or claim, that Borrower shall procure its release by providing bail or otherwise as the circumstances may require.

Appears in 3 contracts

Sources: Loan Agreement (StealthGas Inc.), Loan Agreement (StealthGas Inc.), Loan Agreement (StealthGas Inc.)

Prevention of and release from arrest. Each The Borrower shall procure that each Owner promptly dischargedischarges: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the Earnings or the Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by itthat Ship, the Earnings or the Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by itthat Ship, the Earnings or the Insurances, and, forthwith upon receiving notice of the arrest of the Ship owned by itthat Ship, or of its detention in exercise or purported exercise of any lien or claim, that Borrower Owner shall procure its release by providing bail or otherwise as the circumstances may require.

Appears in 3 contracts

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

Prevention of and release from arrest. Each Borrower shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the Earnings or the Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, the Earnings or the Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by it, the Earnings or the Insurances, and, forthwith upon receiving notice of the arrest of the Ship owned by itthat Ship, or of its her detention in exercise or purported exercise of any lien or claim, that Borrower shall procure its her release by providing bail or otherwise as the circumstances may require.

Appears in 3 contracts

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

Prevention of and release from arrest. Each Ship Owning Borrower shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the Earnings or the Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, the Earnings or the Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by it, the Earnings or the Insurances, ; and, forthwith immediately upon receiving notice of the arrest of the Ship owned by it, or of its detention in exercise or purported exercise of any lien or claim, that Ship Owning Borrower shall procure its release by providing bail or otherwise as the circumstances may require.

Appears in 2 contracts

Sources: Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD)

Prevention of and release from arrest. Each Borrower Guarantor shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the Earnings or the Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, the Earnings or the Insurances; and (c) all other outgoings accounts payable whatsoever in respect of the Ship owned by it, the Earnings or the Insurances, and, forthwith upon receiving notice of the arrest of the Ship owned by it, or of its detention in exercise or purported exercise of any lien or claim, that Borrower Guarantor shall procure its release by providing bail or otherwise as the circumstances may require.

Appears in 2 contracts

Sources: Second Lien Loan Agreement (Eagle Bulk Shipping Inc.), Loan Agreement (Eagle Bulk Shipping Inc.)

Prevention of and release from arrest. Each Borrower shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the Earnings or the Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, the Earnings or the Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by it, the Earnings or the Insurances, and, forthwith upon receiving notice of the arrest of the Ship owned by itthat Ship, or of its her detention in exercise or purported exercise of any lien or claim, that Borrower ▇▇▇▇▇▇▇▇ shall procure its her release by providing bail or otherwise as the circumstances may require.

Appears in 2 contracts

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

Prevention of and release from arrest. Each (a) The Borrower shall promptly discharge: (ai) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by itShip, the Earnings or the Insurances; (bii) all taxesTaxes, dues and other amounts charged in respect of the Ship owned by itShip, the Earnings or the Insurances; and (ciii) all other outgoings whatsoever in respect of the Ship owned by itShip, the Earnings or the Insurances, and, forthwith . (b) The Borrower shall promptly upon receiving notice of the arrest of the Ship owned by it, or of its detention in exercise or purported exercise of any lien or claim, that Borrower shall take all steps necessary to procure its release within 48 hours upon receipt of such notice by providing bail or otherwise as the circumstances may require.

Appears in 2 contracts

Sources: Facility Agreement (Euroseas Ltd.), Facility Agreement (Euroseas Ltd.)

Prevention of and release from arrest. Each The Borrower shall procure that each Owner shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the Earnings or the Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, the Earnings or the Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by it, the Earnings or the Insurances, and, forthwith upon receiving notice of the arrest of the Ship owned by it, or of its detention in exercise or purported exercise of any lien or claim, that Borrower each Owner shall procure its release by providing bail or otherwise as the circumstances may require.

Appears in 2 contracts

Sources: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)

Prevention of and release from arrest. Each The Borrower shall procure that each Owner shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the Earnings or the Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by itthat Ship, the Earnings or the Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by itthat Ship, the Earnings or the Insurances, and, forthwith upon receiving notice of the arrest of the Ship owned by itthat Ship, or of its detention in exercise or purported exercise of any lien or claim, that Borrower the Owner shall procure its release by providing bail or otherwise as the circumstances may require.

Appears in 2 contracts

Sources: Loan Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Acquisition CORP)

Prevention of and release from arrest. Each The Borrower shall procure that each Owner of a Mortgaged Ship shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the her Earnings or the her Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by itthat Ship, the her Earnings or the her Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by itthat Ship, the Earnings or the Insurances, and, forthwith upon receiving notice of the arrest of the Ship owned by itthat Ship, or of its detention in exercise or purported exercise of any lien or claim, that Borrower the relevant Owner shall procure its release by providing bail or otherwise as the circumstances may require.

Appears in 2 contracts

Sources: Fourth Amending and Restating Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)

Prevention of and release from arrest. Each The Borrower shall procure that each Owner shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, it and the Earnings or the InsurancesInsurances of that Ship; (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, it and the Earnings or the InsurancesInsurances of that Ship; and (c) all other outgoings whatsoever in respect of the Ship owned by it, it and the Earnings or the InsurancesInsurances of that Ship, and, forthwith upon receiving notice of the arrest of the Ship owned by itthat Ship, or of its detention in exercise or purported exercise of any lien or claim, that Borrower Owner shall procure its release by providing bail or otherwise as the circumstances may require.

Appears in 2 contracts

Sources: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)

Prevention of and release from arrest. Each The Borrower shall procure that each Owner shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the Earnings or the Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, the Earnings or the Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by it, the Earnings or the Insurances, and, forthwith upon receiving notice of the arrest of the Ship owned by it, or of its detention in exercise or purported exercise of any lien or claim, the Borrower shall procure that Borrower each Owner shall procure its release by providing bail or otherwise as the circumstances may require.

Appears in 2 contracts

Sources: Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.)

Prevention of and release from arrest. Each Borrower shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the her Earnings or the her Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, the her Earnings or the her Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by it, the Earnings or the Insurances, and, forthwith upon receiving notice of the arrest of the Ship owned by it, or of its detention in exercise or purported exercise of any lien or claim, that the relevant Borrower shall procure its release by providing bail or otherwise as the circumstances may require.

Appears in 2 contracts

Sources: Amending and Restating Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)

Prevention of and release from arrest. Each Borrower It shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the its Earnings or the its Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, the its Earnings or the its Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by it, the its Earnings or the its Insurances, ; and, forthwith upon receiving notice of the arrest of the Ship owned by it, or of its detention in exercise or purported exercise of any lien or claim, that Borrower shall procure its release by providing bail or otherwise as the circumstances may require.

Appears in 2 contracts

Sources: Loan Agreement (Mc Shipping Inc), Loan Agreement (Mc Shipping Inc)

Prevention of and release from arrest. Each Borrower shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the her Earnings or the her Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, the her Earnings or the her Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by it, the Earnings or the Insurances, ; and, forthwith upon receiving notice of the arrest of the Ship owned by it, or of its detention in exercise or purported exercise of any lien or claim, that the relevant Borrower shall procure its release by providing bail or otherwise as the circumstances may require.

Appears in 2 contracts

Sources: Loan Agreement (DryShips Inc.), Loan Agreement (Oceanfreight Inc.)

Prevention of and release from arrest. Each The Borrower shall procure that each Owner shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the her Earnings or the Insurances; (b) all taxesTaxes, dues and other amounts charged in respect of the Ship owned by it, the her Earnings or the Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by it, the her Earnings or the Insurances, ; and, forthwith upon receiving notice of the arrest of the Ship owned by itthat Ship, or of its her detention in exercise or purported exercise of any lien or claim, the Borrower shall procure that Borrower the Owner of that Ship shall procure its release by providing bail or otherwise as the circumstances may require.

Appears in 2 contracts

Sources: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Gala Properties Inc.)

Prevention of and release from arrest. Each The Borrower shall procure that the Owner shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, and the Earnings or the InsurancesInsurances of the Ship; (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, and the Earnings or the InsurancesInsurances of the Ship; and (c) all other outgoings whatsoever in respect of the Ship owned by it, and the Earnings or the InsurancesInsurances of the Ship, and, forthwith upon receiving notice of the arrest of the Ship owned by itShip, or of its detention in exercise or purported exercise of any lien or claim, that Borrower the Owner shall procure its release by providing bail or otherwise as the circumstances may require.

Appears in 2 contracts

Sources: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)

Prevention of and release from arrest. Each Borrower Shipowner shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the Earnings or the Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, the Earnings or the Insurances; and (c) all other outgoings accounts payable whatsoever in respect of the Ship owned by it, the Earnings or the Insurances, ; and, forthwith upon receiving notice of the arrest of the Ship owned by it, or of its detention in exercise or purported exercise of any lien or claim, that Borrower Shipowner shall procure its release by providing bail or otherwise as the circumstances may requirerequire within 7 days after the occurrence of such arrest or detention.

Appears in 1 contract

Sources: Common Terms Agreement (Ultrapetrol Bahamas LTD)

Prevention of and release from arrest. Each (a) The Borrower shall promptly discharge: (ai) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by itShip, the its Earnings or the its Insurances; (bii) all taxesTaxes, dues and other amounts charged in respect of the Ship owned by itShip, the its Earnings or the its Insurances; and (ciii) all other outgoings whatsoever in respect of the Ship owned by itShip, the its Earnings or the its Insurances, and, forthwith . (b) The Borrower shall immediately upon receiving notice of the arrest of the Ship owned by it, or of its detention in exercise or purported exercise of any lien or claim, that Borrower shall take all steps necessary to procure its release by providing bail or otherwise as the circumstances may require.

Appears in 1 contract

Sources: Term Loan Facility Agreement (Okeanis Eco Tankers Corp.)

Prevention of and release from arrest. Each The Borrower shall procure that each Owner shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the its Earnings or the its Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, the its Earnings or the its Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by it, the its Earnings or the its Insurances, and, forthwith upon receiving notice of the arrest of the Ship owned by it, or of its detention in exercise or purported exercise of any lien or claim, that the Borrower shall procure its release by providing bail or otherwise as the circumstances may require.

Appears in 1 contract

Sources: Loan Agreement (Scorpio Bulkers Inc.)

Prevention of and release from arrest. Each Borrower shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the its Earnings or the InsurancesInsurances applicable to that Ship; (b) all taxes, dues and other amounts charged in respect of the Ship owned by itthat Ship, the its Earnings or the InsurancesInsurances applicable to that Ship; and (c) all other outgoings whatsoever in respect of the Ship owned by itthat Ship, the its Earnings or the InsurancesInsurances applicable to that Ship, and, forthwith upon receiving notice of the arrest of the Ship owned by itthat Ship, or of its detention in exercise or purported exercise of any lien or claim, that Borrower shall procure its release by providing bail or otherwise as the circumstances may require.

Appears in 1 contract

Sources: Loan Agreement (Navios Maritime Acquisition CORP)

Prevention of and release from arrest. Each The Borrower shall procure that each Owner shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the its Earnings or the its Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, the its Earnings or the its Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by it, the its Earnings or the its Insurances, and, forthwith upon receiving notice of the arrest of the Ship owned by it, or of its detention in exercise or purported exercise of any lien or claim, the Borrower shall procure that Borrower the relevant Owner shall procure its release by providing bail or otherwise as the circumstances may require.

Appears in 1 contract

Sources: Amending and Restating Agreement (Seacastle Inc.)

Prevention of and release from arrest. Each Borrower shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the its Earnings or the its Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, the its Earnings or the its Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by it, the its Earnings or the its Insurances, and, forthwith upon receiving notice of the arrest of the Ship owned by itany Ship, or of its detention in exercise or purported exercise of any lien or claim, that Borrower the Borrowers shall procure its release by providing bail or otherwise as the circumstances may require.

Appears in 1 contract

Sources: Loan Agreement (Diana Shipping Inc.)

Prevention of and release from arrest. Each Borrower shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the Earnings or the Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, the Earnings or the Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by it, the Earnings or the Insurances, and, forthwith upon receiving notice of the arrest of the Ship owned by it, or of its her detention in exercise or purported exercise of any lien or claim, that Borrower shall procure its her release by providing bail or otherwise as the circumstances may require.

Appears in 1 contract

Sources: Loan Agreement (Omega Navigation Enterprises, Inc.)

Prevention of and release from arrest. Each Borrower shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the its Earnings or the its Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, the its Earnings or the its Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by it, the its Earnings or the its Insurances, and, forthwith upon receiving notice of the arrest of the Ship owned by it, or of its detention in exercise or purported exercise of any lien or claim, that Borrower shall procure its release by providing bail or otherwise as the circumstances may require.

Appears in 1 contract

Sources: Loan Agreement (Scorpio Tankers Inc.)

Prevention of and release from arrest. Each Borrower shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the Earnings or the Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, the Earnings or the Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by it, the Earnings or the Insurances, Insurances and, forthwith upon receiving notice of the arrest of the Ship owned by it, or of its her detention in exercise or purported exercise of any lien or claim, that Borrower the Borrowers shall procure its her release by providing bail or otherwise as the circumstances may require.

Appears in 1 contract

Sources: Loan Agreement (Dynagas LNG Partners LP)

Prevention of and release from arrest. Each Borrower shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the Earnings or the Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, the Earnings or the Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by it, the Earnings or the Insurances, ; and, forthwith upon receiving notice of the arrest of the Ship owned by it, or of its detention in exercise or purported exercise of any lien or claim, that Borrower shall procure its release by providing bail or otherwise as the circumstances may requirerequire as soon as practicable and in any event within 14 days.

Appears in 1 contract

Sources: Loan Agreement (TBS International LTD)

Prevention of and release from arrest. Each The Borrower shall procure that each Owner shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the her Earnings or the her Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, the her Earnings or the her Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by it, the her Earnings or the Insurances, her Insurances and, forthwith upon receiving notice of the arrest of the Ship owned by it, or of its her detention in exercise or purported exercise of any lien or claim, that Borrower Owner shall procure its her release by providing bail or otherwise as the circumstances may require.

Appears in 1 contract

Sources: Amending and Restating Agreement (Star Bulk Carriers Corp.)

Prevention of and release from arrest. Each Borrower shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the Earnings or the Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, the Earnings or the Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by it, the Earnings or the Insurances, ; and, forthwith upon receiving notice of the arrest of the Ship owned by it, or of its detention in exercise or purported exercise of any lien or claim, that Borrower shall procure its release by providing bail or otherwise as the circumstances may require.

Appears in 1 contract

Sources: Loan Agreement (GasLog Ltd.)

Prevention of and release from arrest. Each (a) The Borrower shall promptly discharge: (ai) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by itShip, the its Earnings or the its Insurances; (bii) all taxesTaxes, dues and other amounts charged in respect of the Ship owned by itShip, the its Earnings or the its Insurances; and (ciii) all other outgoings whatsoever in respect of the Ship owned by itShip, the its Earnings or the its Insurances. (b) The Borrower shall, and, forthwith immediately upon receiving notice of the arrest of the Ship owned by it, or of its detention in exercise or purported exercise of any lien or claim, that Borrower shall take all steps necessary to procure its release by providing bail or otherwise as the circumstances may require.

Appears in 1 contract

Sources: Term Loan Facility (Okeanis Eco Tankers Corp.)

Prevention of and release from arrest. Each The Borrower shall procure that each Owner shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the Earnings or the Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, the Earnings or the Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by it, the Earnings or the Insurances, and, forthwith upon receiving notice of the arrest of the Ship owned by it, or of its her detention in exercise or purported exercise of any lien or claim, that Borrower the relevant Owner shall procure its her release by providing bail or otherwise as the circumstances may require.

Appears in 1 contract

Sources: Loan Agreement (StealthGas Inc.)

Prevention of and release from arrest. Each The Borrower shall procure that each Owner shall as promptly as possible discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the Earnings or the Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, the Earnings or the Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by it, the Earnings or the Insurances, and, forthwith upon receiving notice of the arrest of the Ship owned by it, or of its detention in exercise or purported exercise of any lien or claim, that Borrower Owner shall procure its her release by providing bail or otherwise as the circumstances may require.

Appears in 1 contract

Sources: Loan Agreement (Box Ships Inc.)

Prevention of and release from arrest. Each Borrower shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the her Earnings or the her Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, the her Earnings or the her Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by it, the her Earnings or the her Insurances, and, forthwith upon receiving notice of the arrest of the Ship owned by it, or of its detention in exercise or purported exercise of any lien or claim, that Borrower shall procure its release by providing bail or otherwise as the circumstances may require.

Appears in 1 contract

Sources: Loan Agreement (StealthGas Inc.)

Prevention of and release from arrest. Each Borrower shall, and shall procure that the Collateral Owner shall, promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the her Earnings or the her Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, the her Earnings or the her Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by it, the Earnings or the Insurances, and, forthwith upon receiving notice of the arrest of the Ship owned by it, or of its detention in exercise or purported exercise of any lien or claim, that the relevant Owner Borrower shall procure its release by providing bail or otherwise as the circumstances may require.

Appears in 1 contract

Sources: Amending and Restating Agreement (DryShips Inc.)

Prevention of and release from arrest. Each The Borrower shall procure that each Owner shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the its Earnings or the Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, the its Earnings or the Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by it, the its Earnings or the Insurances, and, forthwith upon receiving notice of the arrest of the Ship owned by it, or of its detention in exercise or purported exercise of any lien or claim, that Borrower Owner shall procure its release by providing bail or otherwise as the circumstances may require.

Appears in 1 contract

Sources: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.)

Prevention of and release from arrest. Each The Borrower shall procure that each Owner shall as promptly as possible discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the Earnings or the Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, the Earnings or the Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by it, the Earnings or the Insurances, and, forthwith upon receiving notice of the arrest of the Ship owned by it, or of its her detention in exercise or purported exercise of any lien or claim, that Borrower the relevant Owner shall procure its her release by providing bail or otherwise as the circumstances may require.

Appears in 1 contract

Sources: Loan Agreement (Paragon Shipping Inc.)

Prevention of and release from arrest. Each Borrower shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the its Ship owned by it, the or such Ship’s Earnings or the Insurances; (b) all taxes, dues and other amounts charged in respect of the its Ship owned by it, the or such Ship’s Earnings or the Insurances; and (c) all other outgoings whatsoever in respect of the its Ship owned by it, the or such Ship’s Earnings or the Insurances, Insurances and, forthwith upon receiving notice of the arrest of the Ship owned by itits Ship, or of its her detention in exercise or purported exercise of any lien or claim, that Borrower the relevant Owner shall procure its her release by providing bail or otherwise as the circumstances may require.

Appears in 1 contract

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

Prevention of and release from arrest. Each Borrower shall, and shall procure that the Collateral Owner shall, promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the her Earnings or the her Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, the her Earnings or the her Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by it, the Earnings or the Insurances, and, forthwith upon receiving notice of the arrest of the Ship owned by it, or of its detention in exercise or purported exercise of any lien or claim, that Borrower the relevant Owner shall procure its release by providing bail or otherwise as the circumstances may require.

Appears in 1 contract

Sources: Loan Agreement (DryShips Inc.)

Prevention of and release from arrest. Each Borrower shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by itShip, the Earnings or the Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, the Earnings or the Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by it, the Earnings or the Insurances, and, forthwith upon receiving notice of the arrest of the Ship owned by it, or of its detention in exercise or purported exercise of any lien or claim, that Borrower shall procure its release promptly and in any event by no later than three (3) Business Days, by providing bail or otherwise as the circumstances may require.

Appears in 1 contract

Sources: Loan Agreement (EuroDry Ltd.)

Prevention of and release from arrest. Each The relevant Borrower shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the Earnings or the Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by itsuch Ship, the Earnings or the Insurances; and (c) all other outgoings accounts payable whatsoever in respect of the Ship owned by itsuch Ship, the Earnings or the Insurances, and, forthwith upon receiving notice of the arrest of the Ship owned by it, or of its detention in exercise or purported exercise of any lien or claim, that the relevant Borrower shall procure its release by providing bail or otherwise as the circumstances may require.

Appears in 1 contract

Sources: Loan Agreement (Scorpio Tankers Inc.)

Prevention of and release from arrest. Each Borrower shall promptly discharge: (a) a. all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the its Earnings or the its Insurances; (b) b. all taxes, dues and other amounts charged in respect of the Ship owned by it, the its Earnings or the its Insurances; and (c) c. all other outgoings whatsoever in respect of the Ship owned by it, the its Earnings or the its Insurances, and, forthwith upon receiving notice of the arrest of the Ship owned by it, or of its detention in exercise or purported exercise of any lien or claim, that Borrower shall procure its release by providing bail or otherwise as the circumstances may require.

Appears in 1 contract

Sources: Loan Agreement (Scorpio Bulkers Inc.)