Common use of Deposit of original policies Clause in Contracts

Deposit of original policies. The Borrower shall procure that each Owner shall ensure that all policies relating to obligatory insurances are deposited with the approved brokers through which the insurances are effected or renewed.

Appears in 43 contracts

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.)

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Deposit of original policies. The Each Borrower shall procure that each Owner shall ensure that all policies relating to obligatory insurances effected by it are deposited with the approved brokers Approved Brokers through which the insurances are effected or renewed.

Appears in 35 contracts

Samples: Facility Agreement (Global Ship Lease, Inc.), Term Loan Facility (Navios Maritime Partners L.P.), Term Loan Facility (United Maritime Corp)

Deposit of original policies. The Each Borrower shall procure that each Owner shall ensure that all policies relating to obligatory insurances are deposited with the approved brokers through which the insurances are effected or renewed.

Appears in 34 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)

Deposit of original policies. The Borrower shall procure that each Owner shall ensure that all policies relating to obligatory insurances are deposited with the approved brokers through which the insurances are effected or renewed.

Appears in 28 contracts

Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (Navios Maritime Containers Inc.), Loan Agreement (Diana Shipping Inc.)

Deposit of original policies. The Borrower shall procure that each Owner 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 15 contracts

Samples: Loan Agreement (EuroDry Ltd.), Amending and Restating Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Acquisition CORP)

Deposit of original policies. The Borrower shall procure that each Owner 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 10 contracts

Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.), Deed of Amendment and Restatement (Capital Product Partners L.P.)

Deposit of original policies. The Borrower shall procure that each the Owner shall ensure that all policies relating to obligatory insurances are deposited with the approved brokers through which the insurances are effected or renewed.

Appears in 10 contracts

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement, Loan Agreement (Paragon Shipping Inc.)

Deposit of original policies. The Borrower shall procure that each the Owner 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 5 contracts

Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Tsakos Energy Navigation LTD)

Deposit of original policies. The Borrower shall procure that each Owner shall ensure that all policies relating to obligatory insurances are deposited with the approved brokers Approved Brokers through which the insurances are effected or renewed.

Appears in 4 contracts

Samples: Facility Agreement (Euroseas Ltd.), Term Loan Facility (Grindrod Shipping Holdings Ltd.), Term Loan Facility (Pyxis Tankers Inc.)

Deposit of original policies. The Each Borrower shall procure that each Owner shall ensure that all policies relating to obligatory insurances are deposited with the approved brokers through which the insurances are effected or renewed.

Appears in 3 contracts

Samples: Loan Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Holdings Inc.)

Deposit of original policies. The Each Borrower shall procure that each Owner shall ensure that all policies relating to obligatory insurances effected by it are deposited with the approved brokers (where and if applicable or available) through which the insurances are effected or renewed.

Appears in 3 contracts

Samples: Loan Agreement, Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition CORP)

Deposit of original policies. The Borrower shall procure that each Owner shall ensure that all policies relating to obligatory insurances affected by it are deposited with the approved brokers through which the insurances are effected or renewed.

Appears in 3 contracts

Samples: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp)

Deposit of original policies. The Borrower shall procure that each Owner Each Debtor shall ensure that all policies relating to obligatory insurances effected by it are deposited with the approved brokers Approved Insurance Brokers through which the insurances are effected or renewed.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Nauticus Robotics, Inc.), Pledge and Security Agreement (Nauticus Robotics, Inc.), Pledge and Security Agreement (Nauticus Robotics, Inc.)

Deposit of original policies. The Borrower shall procure that each Owner Borrowers 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 3 contracts

Samples: Amending and Restating Agreement (TBS International PLC), Amending and Restating Agreement (TBS International PLC), Loan Agreement (TBS International LTD)

Deposit of original policies. The Each Borrower shall procure that each Owner shall ensure that all policies relating to obligatory insurances are deposited with the approved brokers Approved Brokers through which the insurances are effected or renewed.

Appears in 2 contracts

Samples: Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)

Deposit of original policies. The Borrower shall procure that each Owner shall ensure ensures 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 (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition Corp)

Deposit of original policies. The Borrower shall procure that each Owner shall ensure that all policies relating to relevant obligatory insurances are deposited with the approved brokers through which the insurances are effected or renewed.

Appears in 2 contracts

Samples: Amending and Restating Agreement (Seacastle Inc.), Loan Agreement (Seacastle Inc.)

Deposit of original policies. The Each Borrower shall, and shall procure that each the Collateral Owner shall shall, ensure that all policies relating to obligatory insurances are deposited with the approved brokers through which the insurances are effected or renewed.

Appears in 2 contracts

Samples: Amending and Restating Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)

Deposit of original policies. The Borrower shall procure that each Owner shall ensure that all policies relating to obligatory insurances effected by each of the Owners it are deposited with the approved brokers through which the insurances are effected or renewed.

Appears in 2 contracts

Samples: Loan Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Acquisition CORP)

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Deposit of original policies. The Borrower shall procure that each Owner Borrowers shall ensure that all policies relating to obligatory insurances are deposited with the approved brokers Approved Brokers through which the insurances are effected or renewed.

Appears in 2 contracts

Samples: Term Loan Facility (Ardmore Shipping Corp), Term Loan Facility (Ardmore Shipping Corp)

Deposit of original policies. The Each Borrower shall procure that each Owner shall ensure that all policies relating to obligatory insurances are deposited with the approved brokers through which the insurances effected by it are effected or renewed.

Appears in 1 contract

Samples: Loan Agreement (EuroDry Ltd.)

Deposit of original policies. The Borrower shall procure that each Owner Borrowers shall ensure that all policies relating to obligatory insurances are deposited with the approved brokers through which the insurances are effected or renewed.

Appears in 1 contract

Samples: Loan Agreement (Euroseas Ltd.)

Deposit of original policies. The Each Borrower shall procure that each Owner shall ensure that all policies issued and relating to obligatory insurances are deposited by the relevant Borrower, with the approved brokers intermediaries or other approved parties through which the insurances are effected or renewed.

Appears in 1 contract

Samples: Supplemental Agreement (Navios Maritime Containers Inc.)

Deposit of original policies. The Borrower shall procure that each Owner shall ensure that all policies relating to obligatory insurances are deposited with the approved brokers and/or insurers through which the insurances are effected or renewed.

Appears in 1 contract

Samples: Loan Agreement (TBS International LTD)

Deposit of original policies. The Each Borrower shall procure that each Owner shall ensure that all policies relating to obligatory insurances are deposited with the approved brokers through which the insurances are effected or renewed. Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances and produce all relevant receipts when so required by the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Acquisition CORP)

Deposit of original policies. The Borrower shall procure that each Owner shall ensure that all policies relating to obligatory insurances are deposited with the approved brokers through which the insurances are effected or renewed.

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

Deposit of original policies. The Each Borrower shall procure that each Owner shall ensure that all policies relating to obligatory insurances effected by it are deposited with the approved brokers (where and if applicable or available) through which the insurances are effected or renewed. Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Acquisition CORP)

Deposit of original policies. The relevant Borrower shall procure that each Owner shall ensure that all policies relating to obligatory insurances Insurances are deposited with the approved brokers through which the insurances Insurances are effected or renewed.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Deposit of original policies. The Each Borrower shall procure that each Owner shall ensure that all policies issued and relating to obligatory insurances are deposited by the relevant Borrower with the approved brokers intermediaries or other approved parties through which the insurances are effected or renewed.

Appears in 1 contract

Samples: Term Loan Facility Agreement (Navios Maritime Partners L.P.)

Deposit of original policies. The Borrower shall procure that each Owner shall ensure that all policies relating to obligatory insurances effected by it are deposited with the approved brokers Approved Brokers through which the insurances are effected or renewed.

Appears in 1 contract

Samples: Term Loan Facility (Okeanis Eco Tankers Corp.)

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