Common use of Assignments of Earnings and Insurances Clause in Contracts

Assignments of Earnings and Insurances. On the Closing Date, each Credit Party which owns a Mortgaged Vessel on such date shall have duly authorized, executed and delivered an Assignment of Earnings in form and substance satisfactory to the Administrative Agent (as modified, supplemented or amended from time to time, the “Assignments of Earnings”) and an Assignment of Insurances in form and substance satisfactory to the Administrative Agent (as modified, supplemented or amended from time to time, the “Assignments of Insurances”), together covering all of such Credit Party’s present and future Earnings and Insurance Collateral, in each case together with:

Appears in 2 contracts

Samples: Credit Agreement (Oaktree Capital Management Lp), Credit Agreement (General Maritime Corp / MI)

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Assignments of Earnings and Insurances. On the Closing Initial Borrowing Date, each Credit Party which owns a Mortgaged Vessel on such date shall have duly authorized, executed and delivered an Assignment of Earnings in the form and substance satisfactory to the Administrative Agent of Exhibit H (as modified, supplemented or amended from time to time, the “Assignments of Earnings”) and an a Assignment of Insurances in the form and substance satisfactory to the Administrative Agent of Exhibit I (as modified, supplemented or amended from time to time, the “Assignments of Insurances”), together covering all of such Credit Party’s present and future Earnings and Insurance Collateral, in each case together with:

Appears in 1 contract

Samples: Credit Agreement (General Maritime Corp/)

Assignments of Earnings and Insurances. On the Closing Effective Date, each Credit Party which owns a Mortgaged Vessel on such date shall have duly authorized, executed and delivered an Assignment of Earnings in the form and substance satisfactory to the Administrative Agent of Exhibit G (as modified, supplemented or amended from time to time, the “Assignments of Earnings”) and an Assignment of Insurances in the form and substance satisfactory to the Administrative Agent of Exhibit H (as modified, supplemented or amended from time to time, the “Assignments of Insurances”), together covering all of such Credit Party’s present and future Earnings and Insurance Collateral, in each case together with:

Appears in 1 contract

Samples: Credit Agreement (Todco)

Assignments of Earnings and Insurances. On the Closing Date, each Credit Party which owns a Mortgaged Vessel on such date shall have duly authorized, executed and delivered an Assignment of Earnings in form and substance satisfactory to the Administrative Agent Lenders (as modified, supplemented or amended from time to time, the “Assignments of Earnings”) and an Assignment of Insurances in form and substance satisfactory to the Administrative Agent Lenders (as modified, supplemented or amended from time to time, the “Assignments of Insurances”), together covering all of such Credit Party’s present and future Earnings and Insurance Collateral, in each case together with:

Appears in 1 contract

Samples: Credit Agreement (General Maritime Corp / MI)

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Assignments of Earnings and Insurances. On the Closing Initial Borrowing Date, each Credit Party which owns a Mortgaged Vessel on such date shall have duly authorized, executed and delivered an Assignment of Earnings in the form and substance satisfactory to the Administrative Agent of Exhibit G (as modified, supplemented or amended from time to time, the “Assignments of Earnings”) and an Assignment of Insurances in the form and substance satisfactory to the Administrative Agent of Exhibit H (as modified, supplemented or amended from time to time, the “Assignments of Insurances”), together covering all of such Credit Party’s present and future Earnings and Insurance Collateral, in each case together with:

Appears in 1 contract

Samples: Credit Agreement (General Maritime Corp/)

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