Deposit of original policies. Each Ship Owning Borrower shall use its best endeavours to 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 (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD)
Deposit of original policies. Each Ship Owning The Borrower shall use its best endeavours to procure that each Owner of a Mortgaged Ship 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: Fourth Amending and Restating Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)
Deposit of original policies. Each Obligor that owns a Ship Owning Borrower shall use its best endeavours to 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
