Common use of CHARGEE'S RIGHT TO COLLECT PROCEEDS AND INSURE Clause in Contracts

CHARGEE'S RIGHT TO COLLECT PROCEEDS AND INSURE. The Chargee is hereby authorised but not required, in its own name or in the name of the Chargor to demand, collect, give receipts for and prosecute all necessary actions in the courts to recover any and all Takaful/ insurance moneys that may become due and payable under the Takaful/ insurance policies. If the Chargor at any time fails to pay or cause to be paid when due any Takaful contributions/ insurance premiums, calls or other costs related to obtaining or maintaining the Takaful/ insurance required hereunder, to obtain any required Takaful/ insurance or to de liver to the Chargee all policies, certificates, contracts of insurance, binders and cover notes and all renewals thereof as required by the provisions of this Charge, the Chargee may, but is not required to, procu re such Takaful/ insurance or pay unpaid co ntributions/ premiums, or both, and other costs. All expenditure incurred thereby shall be for the account of the Chargor and shall be deemed to be and form part of the monies hereby secured.

CHARGEE'S RIGHT TO COLLECT PROCEEDS AND INSURE. The Chargee is hereby authorised but not required, in its own name or in the name of the Chargor to demand, collect, give receipts for and prosecute all necessary actions in the courts to recover any and all Takaful/ Takaful/insurance moneys that may become due and payable under the Takaful/ Takaful/insurance policies. If the Chargor at any time fails to pay or cause to be paid when due any Takaful contributions/ contributions/insurance premiums, calls or other costs related to obtaining or maintaining the Takaful/ Takaful/insurance required hereunder, to obtain any required Takaful/ Takaful/insurance or to de liver deliver to the Chargee all policies, certificates, contracts of insurance, binders and cover notes and all renewals thereof as required by the provisions of this Charge, the Chargee may, but is not required to, procu re procure such Takaful/ Takaful/insurance or pay unpaid co ntributions/ contributions/premiums, or both, and other costs. All expenditure incurred thereby shall be for the account of the Chargor and shall be deemed to be and form part of the monies hereby secured.

CHARGEE'S RIGHT TO COLLECT PROCEEDS AND INSURE. The Chargee is hereby authorised but not required, in its own name or in the name of the Chargor to demand, collect, give receipts for and prosecute all necessary actions in the courts to recover any and all Takaful/ takaful / insurance moneys that may become due and payable under the Takaful/ takaful / insurance policies. If the Chargor at any time fails to pay or cause to be paid when due any Takaful contributions/ insurance premiums, calls or other costs related to obtaining or maintaining the Takaful/ takaful/ insurance required hereunder, to obtain any required Takaful/ takaful / insurance or to de liver deliver to the Chargee all policies, certificates, contracts of takaful / insurance, binders and cover notes and all renewals thereof as required by the provisions of this Charge, the Chargee may, but is not required to, procu re procure such Takaful/ takaful / insurance or pay unpaid co ntributions/ contributions/ premiums, or both, and other costs. All expenditure incurred thereby shall be for the account of the Chargor and shall be deemed to be and form part of the monies hereby secured.

CHARGEE'S RIGHT TO COLLECT PROCEEDS AND INSURE. The Chargee is hereby authorised but not required, in its own name or in the name of the Chargor to demand, collect, give receipts for and prosecute all necessary actions in the courts to recover any and all Takaful/ Takaful/insurance moneys that may become due and payable under the Takaful/ Takaful/insurance policies. If the Chargor at any time fails to pay or cause to be paid when due any Takaful contributions/ contribution / insurance premiums, calls or other costs related to obtaining or maintaining the Takaful/ Takaful/insurance required hereunder, to obtain any required Takaful/ Takaful / insurance or to de liver deliver to the Chargee all policies, certificates, contracts of Takaful / insurance, binders and cover notes and all renewals thereof as required by the provisions of this Charge, the Chargee may, but is not required to, procu re procure such Takaful/ Takaful / insurance or pay unpaid co ntributions/ contribution / premiums, or both, and other costs. All expenditure incurred thereby shall be for the account of the Chargor and shall be deemed to be and form part of the monies hereby secured.

CHARGEE'S RIGHT TO COLLECT PROCEEDS AND INSURE. The Chargee is hereby authorised but not required, in its own name or in the name of the Chargor to demand, collect, give receipts for and prosecute all necessary actions in the courts to recover any and all Takaful/ Takaful/insurance moneys that may become due and payable under the Takaful/ Takaful/insurance policies. If the Chargor at any time fails to pay or cause to be paid when due any Takaful contributions/ insurance contributions/premiums, calls or other costs related to obtaining or maintaining the Takaful/ Takaful/insurance required hereunder, to obtain any required Takaful/ Takaful/insurance or to de liver deliver to the Chargee all policies, certificates, contracts of Takaful/insurance, binders and cover notes and all renewals thereof as required by the provisions of this Charge, the Chargee may, but is not required to, procu re procure such Takaful/ Takaful/insurance or pay unpaid co ntributions/ contributions/premiums, or both, and other costs. All expenditure incurred thereby shall be for the account of the Chargor and shall be deemed to be and form part of the monies hereby secured.

CHARGEE'S RIGHT TO COLLECT PROCEEDS AND INSURE. The Chargee is hereby authorised but not required, in its own name or in the name of the Chargor to demand, collect, give receipts for and prosecute all necessary actions in the courts to recover any and all Takaful/ takaful/insurance moneys that may become due and payable under the Takaful/ takaful/insurance policies. If the Chargor at any time fails to pay or cause to be paid when due any Takaful contributions/ insurance contributions/premiums, calls or other costs related to obtaining or maintaining the Takaful/ takaful/insurance required hereunder, to obtain any required Takaful/ takaful/insurance or to de liver deliver to the Chargee all policies, certificates, contracts of takaful/insurance, binders and cover notes and all renewals thereof as required by the provisions of this Charge, the Chargee may, but is not required to, procu re procure such Takaful/ takaful/insurance or pay unpaid co ntributions/ contributions/premiums, or both, and other costs. All expenditure incurred thereby shall be for the account of the Chargor and shall be deemed to be and form part of the monies hereby secured.