Common use of Alteration to terms of insurances Clause in Contracts

Alteration to terms of insurances. The Borrowers shall not either make or agree to any alteration to the terms of any obligatory insurance nor waive any right relating to any obligatory insurance.

Appears in 3 contracts

Samples: Amending and Restating Agreement (TBS International PLC), Amending and Restating Agreement (TBS International PLC), Loan Agreement (TBS International LTD)

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Alteration to terms of insurances. The Borrowers Borrower shall not either be entitled to make or agree to any material alteration to the terms of any obligatory insurance nor waive any right relating to any obligatory insurance.

Appears in 3 contracts

Samples: Loan Agreement (Product Shipping Ltd.), Loan Agreement (Product Shipping Ltd.), Loan Agreement (Product Shipping Ltd.)

Alteration to terms of insurances. The Borrowers Borrower shall not either neither make or agree to any alteration to the terms theterms of any obligatory insurance nor waive any right relating to any obligatory insurance.

Appears in 3 contracts

Samples: Loan Agreement (Euroseas Ltd.), Loan Agreement (Euroseas Ltd.), Loan Agreement (Euroseas Ltd.)

Alteration to terms of insurances. The Borrowers Borrower shall not either neither make or nor agree to any alteration to the terms of any obligatory insurance nor or waive any right relating to any obligatory insurance.

Appears in 3 contracts

Samples: Amending and Restating Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Holdings Inc.)

Alteration to terms of insurances. The Borrowers Borrower shall not either neither make or agree to any material alteration to the terms of any obligatory insurance nor waive any material right relating to any obligatory insurance.

Appears in 2 contracts

Samples: Amending and Restating Agreement, Amending and Restating Agreement (Golar LNG Partners LP)

Alteration to terms of insurances. The Borrowers Borrower shall not either neither make or agree to any material alteration to the terms of any obligatory insurance nor waive any right relating to any obligatory insuranceinsurance without the consent of the Agent.

Appears in 2 contracts

Samples: Loan Agreement (Euronav NV), Loan Agreement (Euronav NV)

Alteration to terms of insurances. The Borrowers shall not either neither make or agree to any material alteration to the terms of any obligatory insurance nor or waive any right relating to any obligatory insuranceinsurance without the prior written consent of the Security Trustee (not to be unreasonably withheld).

Appears in 1 contract

Samples: Loan Agreement (Euroseas Ltd.)

Alteration to terms of insurances. The Borrowers Borrower shall not either neither make or agree to any alteration to the terms of any obligatory insurance nor waive any right relating to any obligatory insuranceinsurance without the prior written consent of the Lender, which consent is not to be unreasonably withheld.

Appears in 1 contract

Samples: Loan Agreement (Box Ships Inc.)

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Alteration to terms of insurances. The Borrowers relevant Borrower shall not either neither make or nor agree to any alteration to the terms of any obligatory insurance Insurance nor waive any right relating to any obligatory insuranceInsurance.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Alteration to terms of insurances. The Borrowers Borrower shall not either make or agree to any alteration to the terms of any obligatory insurance nor or waive any right relating to any obligatory insuranceinsurance without the prior written consent of the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Containers Inc.)

Alteration to terms of insurances. The Borrowers Borrower shall not either neither make or agree to any material alteration to the terms of any obligatory insurance nor or waive any right relating to any obligatory insuranceinsurance without the prior written consent of the Security Trustee (not to be unreasonably withheld).

Appears in 1 contract

Samples: Loan Agreement (EuroDry Ltd.)

Alteration to terms of insurances. The Borrowers Borrower shall not either make or agree to any alteration to the terms of any obligatory insurance nor waive any right relating to any obligatory insurance.

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

Alteration to terms of insurances. The Borrowers Borrower shall not either neither make or nor agree to any alteration to the terms of any obligatory insurance nor or waive any right relating to any obligatory insuranceinsurance without the prior written consent of the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (StealthGas Inc.)

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