Common use of Alteration to terms of insurances Clause in Contracts

Alteration to terms of insurances. Neither Borrower shall, and shall procure that neither Borrower shall, make or agree to any alteration to the terms of any obligatory insurance nor waive any right relating to any obligatory insurance.

Appears in 2 contracts

Samples: Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)

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Alteration to terms of insurances. Neither Borrower shall, and shall procure that neither Borrower shall, make or agree to any alteration to the terms of any obligatory insurance nor or waive any right relating to any obligatory insurance.

Appears in 2 contracts

Samples: Facility Agreement (Castor Maritime Inc.), Agreement (Scorpio Tankers Inc.)

Alteration to terms of insurances. Neither Borrower shall, and shall procure that neither Borrower shall, make or nor 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 (Diana Shipping Inc.)

Alteration to terms of insurances. Neither Borrower shall, and shall procure that neither Borrower shall, 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: Dynagas LNG Partners LP

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Alteration to terms of insurances. Neither Borrower shall, and shall procure that neither Borrower shall, either make or agree to any alteration to the terms of any obligatory insurance nor or waive any right relating to any obligatory insurance.

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

Alteration to terms of insurances. Neither Borrower shall, and shall procure that neither Borrower shall, either 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 1 contract

Samples: Loan Agreement (GasLog Ltd.)

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