Application of Insurances received by Mortgagee. Any moneys received by the Mortgagee in respect of the Insurances (other than in respect of recovery under any loss of earnings insurance or in respect of a Total Loss) pursuant to the Mortgage and/or the assignments by the Charterer contained in clause 3.1 shall:
Appears in 7 contracts
Samples: Top Tankers Inc., Top Tankers Inc., Top Tankers Inc.
Application of Insurances received by Mortgagee. Any Subject to clause 2.3, any moneys received by the Mortgagee in respect of the Insurances (other than in respect of recovery under any loss of earnings insurance or in respect of a Total Loss) pursuant to the Mortgage and/or the assignments by the Charterer contained in clause 3.1 shall:
Appears in 6 contracts
Samples: Master Swap Agreement (Quintana Shipping Ltd.), Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)
Application of Insurances received by Mortgagee. Any moneys received by the Mortgagee in respect of the Insurances (other than in respect of recovery under any loss of earnings insurance or in respect of a Total Loss) pursuant to the Mortgage and/or the assignments by the Charterer contained in clause 3.1 shall:shall (subject to the First Mortgage Documents):
Appears in 4 contracts
Samples: Top Tankers Inc., Top Tankers Inc., Top Tankers Inc.
Application of Insurances received by Mortgagee. Any moneys received by the Mortgagee in respect of the Insurances (other than in respect of recovery under any loss of earnings insurance or in respect of a Total Loss) pursuant to the Mortgage and/or the assignments by the Charterer contained in clause 3.1 and 5.2 shall:
Appears in 4 contracts
Samples: Top Tankers Inc., Top Tankers Inc., Top Tankers Inc.
Application of Insurances received by Mortgagee. Any moneys received by the Mortgagee in respect of the Insurances insurances (other than in respect of recovery under any loss of earnings insurance or in respect of a Total Loss) pursuant to the Mortgage and/or the assignments by the Charterer contained in clause 3.1 shall:
Appears in 1 contract
Samples: Credit Agreement (DryShips Inc.)
Application of Insurances received by Mortgagee. Any moneys received by the Mortgagee in respect of the Insurances (other than in respect of recovery under any loss of earnings eamings insurance or in respect of a Total Loss) pursuant to the Mortgage and/or the assignments by the Charterer contained in clause 3.1 shall:
Appears in 1 contract
Samples: Top Tankers Inc.
Application of Insurances received by Mortgagee. Any Subject to clause 2.3, any moneys received by the Mortgagee in respect of the Insurances (other than in respect of recovery under any loss of earnings insurance or in respect of a Total Loss) pursuant to the Mortgage and/or the assignments by the Charterer contained in clause 3.1 shallshall :
Appears in 1 contract
Samples: Loan Agreement (Safe Bulkers, Inc.)
Application of Insurances received by Mortgagee. Any Subject to clause 2.3, any moneys received by the Mortgagee (as security agent and trustee for and on behalf of the Finance Parties) in respect of the Insurances (other than in respect of recovery under any loss of earnings insurance or in respect of a Total Loss) pursuant to the Mortgage and/or the assignments by the Charterer contained in clause 3.1 shall:
Appears in 1 contract
Samples: Agreement (Paragon Shipping Inc.)
Application of Insurances received by Mortgagee. Any moneys received by the Mortgagee in respect of the Insurances (other than in respect of recovery under any loss of earnings insurance or in respect of a Total Loss) pursuant to the Mortgage and/or the assignments by the Owner and the Charterer contained in clause 3.1 clauses 4.1 and 6.2 shall:
Appears in 1 contract
Samples: Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.)
