Breach of Insurance and certain other obligations. the Borrower fails to obtain and/or maintain the Insurances (as defined in, and in accordance with the requirements of, the Security Documents) or if any insurer in respect of such Insurances cancels the Insurances or disclaims liability by reason, in either case, of mis-statement in any proposal for the Insurances or for any other failure or default on the part of the Borrower or any other person or the Borrower commits any breach of or omits to observe any of the obligations or undertakings expressed to be assumed by it under clauses 9.2, 9.3 or 9.4; or
Appears in 6 contracts
Samples: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)
Breach of Insurance and certain other obligations. the Borrower fails to obtain and/or maintain the Insurances (as defined in, and in accordance with the requirements of, the Security Documents) or if any insurer in respect of such Insurances cancels the Insurances or disclaims liability by reason, in either case, of mis-statement mis‑statement in any proposal for the Insurances or for any other failure or default on the part of the Borrower or any other person or the Borrower commits any breach of or omits to observe any of the obligations or undertakings expressed to be assumed by it under clauses 9.2, 9.3 or 9.4Clause 8; or
Appears in 2 contracts
Samples: Seanergy Maritime Holdings Corp., Seanergy Maritime Holdings Corp.
Breach of Insurance and certain other obligations. the Borrower fails to obtain and/or maintain the Insurances (as defined in, and in accordance with the requirements of, the Security Finance Documents) or if any insurer in respect of such Insurances cancels the Insurances or disclaims liability by reason, in either case, of mis-statement mis‑statement in any proposal for the Insurances or for any other failure or default on the part of the Borrower or any other person or the Borrower commits any breach of or omits to observe any of the obligations or undertakings expressed to be assumed by it under clauses 9.2, 9.3 or 9.4Clause 8 (Undertakings); or
Appears in 2 contracts
Samples: Loan Agreement (Seanergy Maritime Holdings Corp.), Seanergy Maritime Holdings Corp.
Breach of Insurance and certain other obligations. the Borrower or the Charterer fails to obtain and/or maintain the Insurances (as defined in, and in accordance with the requirements of, the Security Documents) or if any insurer in respect of such Insurances cancels the Insurances or disclaims liability by reason, in either case, of mis-statement in any proposal for the Insurances or for any other failure or default on the part of the Borrower or the Charterer or any other person or the Borrower commits any breach of or omits to observe any of the obligations or undertakings expressed to be assumed by it under clauses 9.28.2, 9.3 8.3, 8.4 or 9.48.5; or
Appears in 1 contract
Breach of Insurance and certain other obligations. the Borrower fails to obtain and/or maintain the Insurances (as defined in, and in accordance with the requirements of, of the Security Documents) or if any insurer in respect of such Insurances cancels the Insurances or disclaims liability by reason, in either case, of mis-statement in any proposal for the Insurances or for any other failure or default on the part of the Borrower or any other person or the Borrower commits any breach of or omits to observe any of the obligations or undertakings expressed to be assumed by it under clauses 9.2Clauses 8.2, 9.3 or 9.48.3, 8.4 and 8.5; or
Appears in 1 contract
Samples: Agreement (NewLead Holdings Ltd.)
Breach of Insurance and certain other obligations. the Borrower fails to obtain and/or maintain the Insurances (as defined in, and in accordance with the requirements of, the Security Finance Documents) or if any insurer in respect of such Insurances cancels the Insurances or disclaims liability by reason, in either case, of mis-statement in any proposal for the Insurances or for any other failure or default on the part of the Borrower or any other person or the Borrower commits any breach of or omits to observe any of the obligations or undertakings expressed to be assumed by it under clauses 9.2, 9.3 or 9.4Clause 8 (Covenants); or
Appears in 1 contract
Samples: Loan Agreement (Pyxis Tankers Inc.)