Common use of Extent of cover and exclusions Clause in Contracts

Extent of cover and exclusions. procure that each Owner takes all necessary action and complies with all requirements which may from time to time be applicable to the Insurances (including the making of all requisite declarations within any prescribed time limits and the payment of any additional premiums or calls) so as to ensure that the Insurances are not made subject to any exclusions or qualifications to which the Security Trustee has not given its prior written consent and to procure that each Owner procures that they are otherwise maintained on terms and conditions from time to time approved in writing by the Security Trustee;

Appears in 3 contracts

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

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Extent of cover and exclusions. procure that each the Owner takes all necessary action and complies with all requirements which may from time to time be applicable to the Insurances (including the making of all requisite declarations within any prescribed time limits and the payment of any additional premiums or calls) so as to ensure that the Insurances are not made subject to any exclusions or qualifications to which the Security Trustee has not given its prior written consent and to procure that each the Owner procures that they are otherwise maintained on terms and conditions from time to time approved in writing by the Security Trustee;

Appears in 2 contracts

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

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