Common use of Forms of Loss Payable Clauses Clause in Contracts

Forms of Loss Payable Clauses. 1 Hull and machinery (marine and war risks) By a Deed of Assignment dated [—] Breakaway Three, Ltd. of Xxxxxxxxxx Xxxxx, 0xx Xxxxx, 0 Xxxxxxxx Xxxxxx, Xxxxxxxx XX0, Bermuda (the Owner) has assigned to KfW IPEX-Bank GmbH of Xxxxxxxxxxxxxxxxxxx 0-0, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx (the Collateral Agent) all the Owner’s rights, title and interest in and to all policies and contracts of insurance from time to time taken out or entered into by or for the benefit of the Owner in respect of m.v. “[here insert name of Ship]” and accordingly:

Forms of Loss Payable Clauses. 1 Hull and machinery (marine and war risks) By a Deed of Assignment dated [—] Breakaway ThreeFour, Ltd. of Xxxxxxxxxx Xxxxx, 0xx Xxxxx, 0 Xxxxxxxx Xxxxxx, Xxxxxxxx XX0, Bermuda (the Owner) has assigned to KfW IPEX-Bank GmbH of Xxxxxxxxxxxxxxxxxxx 0-0, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx (the Collateral Agent) all the Owner’s rights, title and interest in and to all policies and contracts of insurance from time to time taken out or entered into by or for the benefit of the Owner in respect of m.v. “[here insert name of Ship]” and accordingly:

Forms of Loss Payable Clauses. 1 Hull and machinery (marine and war risks) By a Deed of Assignment dated [—·] Breakaway ThreeSeahawk Two, Ltd. of Xxxxxxxxxx Cxxxxxxxxx Xxxxx, 0xx Xxxxx, 0 1 Xxxxxxxx Xxxxxx, Xxxxxxxx XX0, Bermuda (the Owner) has assigned to KfW IPEX-Bank GmbH of Xxxxxxxxxxxxxxxxxxx Pxxxxxxxxxxxxxxxxxx 0-0, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx (the Collateral Agent) all the Owner’s 's rights, title and interest in and to all policies and contracts of insurance from time to time taken out or entered into by or for the benefit of the Owner in respect of m.v. “[here insert name of Ship]” and accordingly:

Forms of Loss Payable Clauses. 1 Hull and machinery (marine and war risks) By a Deed of Assignment dated [—·] Breakaway ThreeSeahawk One, Ltd. of Xxxxxxxxxx Cxxxxxxxxx Xxxxx, 0xx Xxxxx, 0 1 Xxxxxxxx Xxxxxx, Xxxxxxxx XX0, Bermuda (the Owner) has assigned to KfW IPEX-Bank GmbH of Xxxxxxxxxxxxxxxxxxx Pxxxxxxxxxxxxxxxxxx 0-0, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx (the Collateral Agent) all the Owner’s 's rights, title and interest in and to all policies and contracts of insurance from time to time taken out or entered into by or for the benefit of the Owner in respect of m.v. “[here insert name of Ship]” and accordingly: