Common use of Assignment to K-sure Clause in Contracts

Assignment to K-sure. Each of the parties agrees that, upon payment in full or in part by K-sure of all moneys due under a K-sure Insurance Policy in accordance with the terms of any K-sure Insurance Policy, provided that, to the extent required under the relevant K-sure Insurance Policy, this payment has satisfied all obligations under the Finance Documents in full or in part in respect of the relevant Advance under the K-sure Tranche to which such K-sure Insurance Policy relates:

Appears in 2 contracts

Samples: Agreement (Dorian LPG Ltd.), Agreement (Dorian LPG Ltd.)

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Assignment to K-sure. Each of the parties agrees that, upon payment in full or in part by K-sure Sure of all moneys due under a K-sure Sure Insurance Policy in accordance with the terms of any K-sure Sure Insurance Policy, provided that, to the extent required under the relevant K-sure Sure Insurance Policy, this payment has satisfied all obligations under the Finance Documents Secured Liabilities in full or in part in respect of the relevant Advance under the K-sure Tranche Sure Loan to which such K-sure Sure Insurance Policy relates:

Appears in 1 contract

Samples: Loan Agreement (Scorpio Bulkers Inc.)

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Assignment to K-sure. Each of the parties agrees that, upon payment in full or in part by K-sure Sure of all moneys due under a K-sure Sure Insurance Policy in accordance with the terms of any K-sure Sure Insurance Policy, provided that, to the extent required under the relevant K-sure Sure Insurance Policy, this payment has satisfied all obligations under the Finance Documents Secured Liabilities in full or in part in respect of the relevant Advance under the K-sure Sure Tranche to which such K-sure Sure Insurance Policy relates:

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

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