Compliance with terms of insurances. No Ship Owning Borrower shall do nor omit to do (nor permit to be done or not to be done) any act or thing which would or might render any obligatory insurance invalid, void, voidable or unenforceable or render any sum payable under an obligatory insurance repayable in whole or in part; and, in particular:
Appears in 4 contracts
Samples: Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD)
Compliance with terms of insurances. No Ship Owning The Borrower shall neither do nor omit to do (nor permit to be done or not to be done) any act or thing which would or might render any obligatory insurance in relation to any Ship invalid, void, voidable or unenforceable or render any sum payable under an obligatory insurance repayable in whole or in part; and, in particular:
Appears in 3 contracts
Samples: Loan Agreement (Britannia Bulk Holdings Inc), Loan Agreement (Britannia Bulk Holdings Inc), Loan Agreement (Britannia Bulk PLC)
Compliance with terms of insurances. No Ship Owning The Borrower shall procure that each Owner of a Mortgaged Ship shall neither do nor omit to do (nor permit to be done or not to be done) any act or thing which would or might render any obligatory insurance invalid, void, voidable or unenforceable or render any sum payable under an obligatory insurance repayable in whole or in part; and, in particular:
Appears in 2 contracts
Samples: Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)
Compliance with terms of insurances. No Ship Owning The Borrower shall in respect of each Mortgaged Vessel bareboat chartered by it not do nor omit to do (nor permit to be done or not to be done) any act or thing which would or might render any obligatory insurance invalid, void, voidable or unenforceable or render any sum payable under an obligatory insurance thereunder repayable in whole or in part; and, in particular:
Appears in 2 contracts
Samples: Loan Agreement (Ultrapetrol Bahamas LTD), Loan Agreement (Ultrapetrol Bahamas LTD)
Compliance with terms of insurances. No Ship Owning The Borrower shall not do nor omit to do (nor permit to be done or not to be done) any act or thing which would or might render any obligatory insurance in relation to any Ship invalid, void, voidable or unenforceable or render any sum payable under an obligatory insurance repayable in whole or in part; and, in particular:
Appears in 1 contract
Samples: Loan Agreement (Euronav NV)