Assignments of Insurances shall have the meaning provided in Section 5.14.
Assignments of Insurances means those certain Assignments of Insurances to be executed by the applicable Credit Parties in favor of the Collateral Agent, in form and substance satisfactory to the Administrative Agent, pursuant to which the Collateral Agent, on behalf of the Lenders, will be collaterally assigned and granted a security interest in all of such Credit Parties’ right, title and interest in and to all insurances to be procured by the Credit Parties with respect to the Vessels, including all amounts due from underwriters under any such insurance as payment of losses, or as return premiums or otherwise as such assignments may be amended, modified, renewed, extended, restated or supplemented from time to time.
Assignments of Insurances means the Assignment of Insurances (Fleet), the Assignment of Insurances (GLDD) and any other assignment of insurances by a Credit Party in favor of Agent, in form and substance satisfactory to Agent.
Examples of Assignments of Insurances in a sentence
The Issuer shall, at latest at the completion of a Permitted Group Reorganisation, execute new Finance Documents for the proper replacement of the Mortgages and Assignments of Insurances provided by the Obligors that are to be dissolved as part of such reorganisation, upon which the original documents pertaining thereto shall be released by the Security Agent as instructed by the Bond Trustee.
More Definitions of Assignments of Insurances
Assignments of Insurances means each of the first priority assignments of insurances made or to be made by a Guarantor in favor of the Lender in respect of a Vessel and in substantially the form of Exhibit G (as amended from time to time in accordance with its terms).
Assignments of Insurances has the meaning set forth in the recitals to this Guaranty.
Assignments of Insurances means, individually and collectively, an Assignment of Vessel Insurances in favor of Lender, by Maritrans 250 Co., on the vessel M-254 and an Assignment of Vessel Insurances in favor of Lender by Maritrans Intrepid Co. on the vessel INTREPID, respectively.
Assignments of Insurances means each of the Assignments of Insurances, substantially in the form of Exhibit K, between the Borrower and the Collateral Agent and Security Trustee for the benefit of the Secured Parties.
Assignments of Insurances shall have the meaning provided in the definition of “Collateral and Guaranty Requirements.”
Assignments of Insurances means the Assignments of Insurances substantially in the form of Exhibit F.
Assignments of Insurances means assignments of the Issuer’s and the Guarantors’ entitlements under the insurances related to the Vessels (other than third party liability insurances), including the New Vessel Insurance Assignment (if and when granted).