Common use of Hull and Machinery Clause in Contracts

Hull and Machinery. insurance against fire and usual marine risks on an agreed value basis, on a full cover/all risks basis according to English or American Hull Clauses with a reasonable deductible and upon such terms as shall from time to time be approved in writing by the Bank; and

Appears in 7 contracts

Samples: Loan Agreement (Top Ships Inc.), Loan Agreement (NewLead Holdings Ltd.), Loan Agreement (NewLead Holdings Ltd.)

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Hull and Machinery. insurance Insurance against fire and usual marine risks on an agreed value basis, on a full cover/all risks basis according to English or American Institute Hull Clauses with a reasonable deductible and upon such terms as shall from time to time be approved in writing by the BankMortgagee; and

Appears in 1 contract

Samples: First Preferred Naval Mortgage (FreeSeas Inc.)

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