Common use of Deposit of original policies Clause in Contracts

Deposit of original policies. Each Guarantor 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 7 contracts

Samples: Subordinated Facility Agreement (Diana Containerships Inc.), Subordinated Facility Agreement (Diana Shipping Inc.), Facility Agreement (Diana Containerships Inc.)

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Deposit of original policies. Each The Borrower shall procure that each Guarantor 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 4 contracts

Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (General Maritime Corp / MI), Loan Agreement (Arlington Tankers Ltd.)

Deposit of original policies. Each Guarantor 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 2 contracts

Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)

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

Appears in 2 contracts

Samples: Credit Agreement (Scorpio Bulkers Inc.), Credit Agreement (Scorpio Bulkers Inc.)

Deposit of original policies. Each The Corporate Guarantor 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 2 contracts

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

Deposit of original policies. Each The Borrower shall procure that each Guarantor shall ensure that all policies issued and relating to obligatory insurances effected by it are deposited by the relevant Guarantor with the approved brokers intermediaries or other approved parties 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. Each Guarantor 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 2 contracts

Samples: Credit Agreement (DHT Holdings, Inc.), Credit Agreement (DHT Holdings, Inc.)

Deposit of original policies. Each The Borrower shall procure that each Corporate Guarantor 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 2 contracts

Samples: Loan Agreement (Toro Corp.), Loan Agreement (Castor Maritime Inc.)

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Deposit of original policies. Each Owner Guarantor 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

Samples: Loan Agreement (Dorian LPG Ltd.)

Deposit of original policies. Each Guarantor shall (and the Borrower shall procure that each Guarantor shall) ensure that all original slips, cover notes, certificates of entry, policies and other instruments of insurance relating to obligatory insurances effected by it from time to time are deposited in accordance with market practice with the approved brokers through which the insurances are effected or renewed.

Appears in 1 contract

Samples: Credit Facility Agreement (Ship Finance International LTD)

Deposit of original policies. Each Guarantor 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 1 contract

Samples: Facility Agreement (Scorpio Tankers Inc.)

Deposit of original policies. Each Collateral Guarantor 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: Facility Agreement (Taylor Maritime Investments LTD)

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