Common use of Compliance with terms of insurances Clause in Contracts

Compliance with terms of insurances. The Borrower shall not, or if the Ship is subject to a demise charter, the Borrower shall use its best endeavours to ensure that the charterer of the Ship 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 invalid, void, voidable or unenforceable or render any sum payable under an obligatory insurance repayable in whole or in part; and, in particular the Borrower shall, or if the Ship is subject to a demise charter, the Borrower shall use its best endeavours to ensure that the charterer of the Ship shall: