Common use of Title and no Encumbrances Clause in Contracts

Title and no Encumbrances. evidence that the transfer of title to the Ship to which the Relevant Advance relates from the Builder to the relevant Borrower has been duly recorded with the relevant Registry free from Encumbrances other than Permitted Encumbrances;

Appears in 2 contracts

Sources: Facility Agreement (Costamare Partners LP), Facility Agreement (Costamare Partners LP)

Title and no Encumbrances. (a) evidence that the transfer of title to the Ship relevant to which the Relevant such Advance relates from the Builder Seller to the relevant Borrower has been duly recorded with the relevant Registry free from and there are no Encumbrances (other than Permitted Encumbrances;); and (b) evidence that:

Appears in 1 contract

Sources: Supplemental Agreement (Quintana Shipping Ltd.)

Title and no Encumbrances. evidence that the transfer of title to the Relevant Ship to which the Relevant Advance relates from the Builder to the relevant Borrower has been duly recorded with registered in the relevant Registry free from Encumbrances of any Encumbrance (other than Permitted Encumbrances);

Appears in 1 contract

Sources: Loan Agreement (DryShips Inc.)

Title and no Encumbrances. evidence that the transfer of title to the Ship relevant to which the Relevant such Delivery Advance relates from the Builder Builders to the relevant Borrower has been duly recorded with the relevant Registry free from and there are no Encumbrances (other than Permitted Encumbrances);

Appears in 1 contract

Sources: Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.)

Title and no Encumbrances. evidence that the transfer of title to the Ship to which the Relevant Advance relates from the Builder to the relevant Borrower has been duly recorded with registered in the relevant Registry free from Encumbrances other than Permitted Encumbrancesof any Encumbrance;

Appears in 1 contract

Sources: Loan Agreement (DryShips Inc.)

Title and no Encumbrances. evidence that the transfer of title to the Ship to which the Relevant Advance relates from the Builder Seller to the relevant Borrower pursuant to the Contract has been duly recorded with the relevant Registry free from Encumbrances (other than Permitted Encumbrances);

Appears in 1 contract

Sources: Loan Agreement (Diana Shipping Inc.)