Marine Loan Agreement - BDC - Business Development Bank of ...

(f) upon completion of construction of the Vessel and the registration of same under the provisions of the Canada Shipping Act, the Borrower will, if so requested by the Bank cause to be executed and delivered to the Bank a first marine mortgage in the then amount of the Loan on the Vessel in a form to be approved by the Bank and acceptable to the Registrar of Shipping as aforesaid. ................
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