Common use of Copies of certificates of entry Clause in Contracts

Copies of certificates of entry. The Borrower shall procure that each Owner shall ensure that any protection and indemnity and/or war risks associations in which the Ship owned by it is entered provides the Security Trustee with: (a) a certified copy of the certificate of entry for that Ship; (b) a letter or letters of undertaking in the standard approved form usually issued by such protection and indemnity and/or war risks association as may be required by the Security Trustee; and (c) a certified copy of each certificate of financial responsibility for pollution by oil or other Environmentally Sensitive Material issued by the relevant certifying authority in relation to that Ship.

Appears in 2 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)

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Copies of certificates of entry. The Borrower shall (and to the extent applicable shall procure in all cases that each Owner shall other Security Party or other entity if named as co-assured in the insurance policies will) ensure that that, from any protection and indemnity and/or war risks associations in which the Ship owned by it is entered provides entered, the Security Trustee is provided with: (a) a certified copy of the certificate of entry for that the Ship; (b) a letter or letters of undertaking in the standard approved such form usually issued by such protection and indemnity and/or war risks association as may be required by the Security Trustee; and (c) a certified copy of each certificate of financial responsibility for pollution by oil or other Environmentally Sensitive Material issued by the relevant certifying authority in relation to that the Ship.

Appears in 2 contracts

Samples: Loan Agreement (Euroseas Ltd.), Loan Agreement (EuroDry Ltd.)

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Copies of certificates of entry. The Borrower Borrowers shall (and to the extent applicable shall procure in all cases that each Owner shall other Security Party or other entity if named as co-assured in the insurance policies will) ensure that that, from any protection and indemnity and/or war risks associations in which the a Ship owned by it is entered provides entered, the Security Trustee is provided with: (a) a certified copy of the certificate of entry for that Ship; (b) a letter or letters of undertaking in the standard approved such form usually issued by such protection and indemnity and/or war risks association as may be required by the Security Trustee; and (c) a certified copy of each certificate of financial responsibility for pollution by oil or other Environmentally Sensitive Material issued by the relevant certifying authority in relation to that Ship.

Appears in 1 contract

Samples: Loan Agreement (EuroDry Ltd.)

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