Common use of Agreement to Insure Clause in Contracts

Agreement to Insure. The Buyer agrees to make the Maritime Administration an assured under its marine insurance policy in conformance with ARTICLE X of this Contract to cover the period of time from when the Obsolete Vessel is removed from the site where the Obsolete Vessel is located, as specified in Exhibit 1, to such time that title is transferred by Xxxx of Sale to the Buyer at the location where the Obsolete Vessel will be dismantled.

Agreement to Insure. The Buyer agrees to make the Maritime Administration an assured under its marine insurance policy in conformance with ARTICLE X of this Contract to cover the period of time from when the Obsolete Vessel is removed from the site where the Obsolete Vessel is located, as specified in Exhibit 1, to such time that title is transferred by Xxxx of Sale to the Buyer at the location where the Obsolete Vessel will be dismantled.