Common use of Total Amount Clause in Contracts

Total Amount. For the purpose of recording this Mortgage as required by Chapter 3 of the Republic of The ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ as amended, the total amount of the direct and contingent obligations secured by this Mortgage is Two hundred and ten million Dollars $210,000,000 together with interest, fees, commissions and performance of mortgage covenants. The date of maturity of this Mortgage is on demand and there is no separate discharge amount.

Appears in 5 contracts

Sources: Mortgage Agreement (Knightsbridge Tankers LTD), Mortgage Agreement (Knightsbridge Tankers LTD), Mortgage Agreement (Knightsbridge Tankers LTD)

Total Amount. For the purpose of recording this Mortgage as required by Chapter 3 of the The Republic of The M▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ as amended, the total amount of the direct and contingent obligations secured by this Mortgage is Two hundred and ten million Dollars $210,000,000 US$50,000,000 together with interest, fees, commissions and performance of mortgage covenants. The date of maturity of this Mortgage is on demand and there is no separate discharge amount.

Appears in 1 contract

Sources: Preferred Marshall Islands Mortgage (Eagle Bulk Shipping Inc.)