Deposit of Original Policies for Hull and Machinery, War Risk and Increased Value Coverage. With respect to hull and machinery, war risk and increased value coverage, each of the Borrowers shall in respect of each Mortgaged Vessel owned by it ensure that all policies relating to obligatory insurances effected by it are deposited with the approved brokers through which the insurances are effected or renewed.
Appears in 2 contracts
Samples: Loan Agreement (Ultrapetrol Bahamas LTD), Loan Agreement (Ultrapetrol Bahamas LTD)
Deposit of Original Policies for Hull and Machinery, War Risk and Increased Value Coverage. With respect to hull and machinery, war risk and increased value coverage, each of the Borrowers Borrower shall in respect of each Mortgaged Vessel owned bareboat chartered by it ensure that all policies relating to obligatory insurances effected by it are deposited with the approved brokers through which the insurances are effected or renewed.
Appears in 2 contracts
Samples: Loan Agreement (Ultrapetrol Bahamas LTD), Loan Agreement (Ultrapetrol Bahamas LTD)
Deposit of Original Policies for Hull and Machinery, War Risk and Increased Value Coverage. With respect to hull and machinery, war risk and increased value coverage, each of the Borrowers shall in respect of each Borrower that owns a Mortgaged Vessel owned by it shall ensure that all policies relating to obligatory insurances effected by it are deposited with the approved brokers through which the insurances are effected or renewed.
Appears in 1 contract
