Fleet cover. If any of the Insurances referred to in clause 13.2.1 and/or 13.2.2 form part of a fleet cover, the Lessee will procure that (a) any letter of undertaking referred to in clause 13.7 is amended to provide that the relevant brokers shall undertake to the Lessor that they shall neither set-off against any claims in respect of the Ship any premiums due in respect of other vessels under such fleet cover or any premiums due for other insurances, nor cancel the insurance for reason of non-payment of premiums for other vessels under such fleet cover or of premiums for such other insurance or (b) that the applicable policy documents are endorsed to the effect that the applicable insurers shall neither set-off against any claims in respect of the Ship any premiums due in respect of other vessels under such fleet cover or any premiums due for other insurances, nor cancel the insurance for reason of non-payment of premiums for other vessels under such fleet cover or of premiums for such other insurance or (c) that the Lessor receives other comfort that this will not occur.
Fleet cover. If the Ship is insured under a fleet policy (other than under the Norwegian Marine Insurance Plan), the Borrower shall procure that the relevant insurer provides an undertaking to the Agent that it shall not set off against any claim, any premium due in respect of other vessels in the fleet policy or any premiums due for other insurances, nor cancel the insurance for reason of non-payment of premiums for other vessels in the fleet policy or of premiums for such other insurances, and shall undertake to issue a separate policy in respect of the Ship if so requested by the Agent.
Fleet cover if any of the insurances referred to in clause 16.1.1(a) form part of a fleet cover, procure that the Approved Brokers shall undertake to the Lessor that they shall neither set off against any claims in respect of the Ship any premiums due in respect of other vessels or equipment under such fleet cover or any premiums due for other insurances, nor cancel the insurance for reason of non-payment of premiums for other vessels under such fleet cover or of premiums for such other insurances, and, if the Approved Brokers are not prepared to provide an undertaking of the type referred to above, shall undertake to issue a separate policy in respect of the Ship if and when so requested by the Lessor;
Fleet cover. (a) If any of the Insurances form part of a fleet cover, the Charterers shall procure the Approved Brokers not to cancel the Insurances for reason of non-payment of premiums for other vessels/units under such fleet cover or of premiums for such other Insurances, and, to the extent allowed under the relevant terms of the Insurances, the Charterers shall procure that the Approved Brokers shall undertake to the Owners that they shall neither set-off against any claims in
Fleet cover. If the Vessel is at any time during the Agreement Term (starting from the Actual Delivery Date) insured under any form of fleet cover (other than in relation to the Vessel’s entry in a protection and indemnity association or war risks associations (if applicable)), the Charterers shall procure that those letters of undertaking contain confirmation that the brokers, underwriters or association (as the case may be) will not set-off claims relating to the Vessel against premiums, calls or contributions in respect of any other vessel or other insurance, and that the insurance cover of the Vessel will not be cancelled by reason of non-payment of premiums, calls or contributions relating to any other vessel or other insurance. Failing receipt of those confirmations, the Charterers will instruct the brokers, underwriters or association concerned to issue a separate policy or certificate for the Vessel in the sole name of the Charterers or of the Charterers’ brokers as agents for the Charterers.
Fleet cover. If the Vessel is insured under a fleet policy, the Borrower shall procure that the relevant insurer provides an undertaking to the Lender that it shall not set off against any claim, any premium due in respect of other vessels in the fleet policy or any premiums due for other insurances, nor cancel the insurance for reason of non-payment of premiums for other vessels in the fleet policy or of premiums for such other insurances, and shall undertake to issue a separate policy in respect of the Vessel if so requested by the Lender.
Fleet cover. If any of the Insurances referred to in Clause 21.1 (Scope of Insurance) form part of a fleet cover, the Lessee shall procure that the Approved Brokers shall undertake:
Fleet cover if any of the Insurances forms part of a fleet cover, to procure that the approved brokers and (as the case may be) the approved associations shall undertake to the Mortgagee that they shall neither set off against any claims in respect of the Vessel any premiums due in respect of other vessels under such fleet cover or any premiums due for other insurances, nor cancel such insurance in respect of the Vessel for reason of non-payment of premiums for other vessels under such fleet cover or of premiums for such other insurances and shall undertake to issue a separate policy in respect of the Vessel if and when so requested by the Mortgagee;
Fleet cover. (a) If any of the Insurances form part of a fleet cover, the Charterers shall procure the Approved Brokers not to cancel the Insurances for reason of non-payment of premiums for other vessels/units under such fleet cover or of premiums for such other Insurances, and, to the extent allowed under the relevant terms of the Insurances, the Charterers shall procure that the Approved Brokers shall undertake to the Owners that they shall neither set-off against any claims in BBC Rider Clause (Xxxxxxxxxx) (20180426) m.v. “Xxxxxxxxxx” respect of the Vessel any premiums due in respect of other vessels/units under such fleet cover or any premiums due for other Insurances.
Fleet cover. If any of the insurance referred to in Section 5.04 (including this Schedule 5.04) form part of a fleet cover, the Loan Parties that own Vessels shall cause the brokers to confirm to the Collateral Agent that such brokers shall neither set off against any claims in respect of other Vessels under such fleet cover or any premiums due for other insurance, nor cancel the insurance on a Vessel for reason of non-payment of premiums for other Vessels under such fleet cover.
