Common use of Breach of Insurances and certain other obligations Clause in Contracts

Breach of Insurances and certain other obligations. the relevant Owner or, as the case may be, any other person fails to obtain and/or maintain the Insurances (in accordance with the requirements of the relevant Ship Security Documents) for any of the Mortgaged Ships or if any insurer in respect of any such Insurances cancels such Insurances or disclaims liability by reason, in either case, of mis-statement in any proposal for such Insurances or for any other failure or default on the part of any of the Owners 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 8.2 or 8.3 of this Agreement or any of the Corporate Guarantors commits any breach of or omits to observe any of the obligations or undertakings expressed to be assumed by it under clause 5.2 or 5.3 of the Corporate Guarantee to which it is a party; or

Breach of Insurances and certain other obligations. the relevant Owner oror the Manager, as the case may be, any other person fails to obtain and/or maintain the Insurances (in accordance with the requirements of the relevant Ship Security Documents) for any of the Mortgaged Ships or if any insurer in respect of any such Insurances cancels such Insurances or disclaims liability by reason, in either case, of mis-statement in any proposal for such Insurances or for any other failure or default on the part of any of the Owners Owners, the Manager 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 8.2 or 8.3 of this Agreement or any of the Corporate Guarantors commits any breach of or omits to observe any of the obligations or undertakings expressed to be assumed by it under clause 5.2 or 5.3 of the Corporate Guarantee to which it is a party; or

Breach of Insurances and certain other obligations. the relevant Owner or, as Borrower or the case may be, Manager or any other person fails to obtain and/or maintain the Insurances (in accordance with the requirements of the relevant Ship Security Documents) for any of the Mortgaged Ships Documents or if any insurer in respect of any such the Insurances cancels such the Insurances or disclaims liability by reason, in either case, of mis-statement misstatement in any proposal for such the Insurances or for any other failure or default on the part of any of the Owners 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 8.2 or 8.3 of this Agreement or any of the either Corporate Guarantors Guarantor commits any breach of or omits to observe any of the obligations or undertakings expressed to be assumed by it under clause clauses 5.2 or 5.3 of the Corporate Guarantee to which it is a party; or

Breach of Insurances and certain other obligations. the relevant Owner or, as Borrower or the case may be, Manager or any other person fails to obtain and/or maintain the Insurances (in accordance with the requirements of the relevant Ship Security Documents) for any of the Mortgaged Ships Documents or if any insurer in respect of any such the Insurances cancels such the Insurances or disclaims liability by reason, in either case, of mis-statement mis­statement in any proposal for such the Insurances or for any other failure or default on the part of any of the Owners 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 8.2 or 8.3 of this Agreement or any of the Corporate Guarantors Guarantor commits any breach of or omits to observe any of the obligations or undertakings expressed to be assumed by it under clause clauses 5.2 or 5.3 of the Corporate Guarantee to which it is a partyGuarantee; or