Application of Recoveries. All sums paid under the Ship's Insurances to anyone other than the Security Agent shall be applied in repairing the damage and/or in discharging the liability in respect of which they have been paid except to the extent that the repairs have already been paid for and/or the liability already discharged.
Appears in 5 contracts
Samples: Agreement (Navigator Holdings Ltd.), Agreement (Danaos Corp), Navigator Holdings Ltd.
Application of Recoveries. All sums paid under the Ship's ’s Insurances to anyone other than the Security Agent shall be applied in repairing the damage and/or in discharging the liability in respect of which they have been paid except to the extent that the repairs have already been paid for and/or the liability already discharged.
Appears in 4 contracts
Samples: Facility Agreement (Navigator Holdings Ltd.), Navigator Holdings Ltd., Navigator Holdings Ltd.
Application of Recoveries. All sums paid under the Ship's ’s Insurances to anyone other than the Security Agent shall be applied in repairing the damage and/or in discharging the liability in respect of which they have been paid except to the extent that the repairs have already been paid for and/or the liability already discharged.
Appears in 3 contracts
Samples: Agreement (Dorian LPG Ltd.), Facility Agreement (Quintana Shipping Ltd.), Facility Agreement (Navigator Holdings Ltd.)
Application of Recoveries. All sums paid under the a Ship's ’s Insurances to anyone other than the Security Agent shall be applied in repairing the damage and/or in discharging the liability in respect of which they have been paid except to the extent that the repairs have already been paid for and/or the liability already discharged.
Appears in 2 contracts
Application of Recoveries. All sums paid under the Ship's Vessel’s Obligatory Insurances to anyone other than the Security Agent shall be applied in repairing the damage and/or in discharging the liability in respect of which they have been paid except to the extent that the repairs have already been paid for and/or the liability already discharged.
Appears in 1 contract
Application of Recoveries. All sums paid under the Ship's ’s Insurances to anyone other than the Security Agent Lender shall be applied in repairing the damage and/or in discharging the liability in respect of which they have been paid except to the extent that the repairs have already been paid for and/or the liability already discharged.
Appears in 1 contract
Samples: Agreement (Danaos Corp)
