Common use of Insurance by Security Agent Clause in Contracts

Insurance by Security Agent. (a) The Security Agent shall not be under any obligation to insure any of the Charged Property, to require any other person to maintain any insurance or to verify any obligation to arrange or maintain insurance contained in the Finance Documents. The Security Agent shall not be responsible for any loss which may be suffered by any person as a result of the lack of or inadequacy of any such insurance.

Appears in 28 contracts

Samples: Agreement (Hamilton Insurance Group, Ltd.), Assignment Agreement (Hamilton Insurance Group, Ltd.), Facilities Agreement (Ardmore Shipping Corp)

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Insurance by Security Agent. (a) The Security Agent shall not be under any obligation to insure any of the Charged Property, to require any other person to maintain any insurance or to verify any obligation to arrange or maintain insurance contained in the Finance Debt Documents. The Security Agent shall not be responsible for any loss which may be suffered by any person as a result of the lack of or inadequacy of any such insurance.

Appears in 10 contracts

Samples: Intercreditor Agreement (Paysafe LTD), Intercreditor Agreement (Cemex Sab De Cv), Intercreditor Agreement

Insurance by Security Agent. (a) The Security Agent shall not be under any no obligation to insure any of the Charged Property, to require any other person to maintain any insurance or to verify any obligation to arrange or maintain insurance contained in the Finance Debt Documents. The Security Agent shall not be responsible for any loss which may be suffered by any person as a result of the lack of or inadequacy of any such insurance.

Appears in 9 contracts

Samples: Intercreditor Agreement (Amc Entertainment Holdings, Inc.), Intercreditor Agreement (Liberty Global PLC), Agreement (Liberty Global PLC)

Insurance by Security Agent. (aA) The Security Agent shall not be under any obligation to insure any of the Charged Property, to require any other person to maintain any insurance or to verify any obligation to arrange or maintain insurance contained in the Finance Documents. The Security Agent shall not be responsible for any loss which may be suffered by any person as a result of the lack of or inadequacy of any such insurance.

Appears in 4 contracts

Samples: And Restatement Agreement (Kosmos Energy Ltd.), Agreement (Kosmos Energy Ltd.), Agreement (Kosmos Energy Ltd.)

Insurance by Security Agent. (a) The Security Agent shall not be under any obligation to insure any of the Charged Property, to require any other person to maintain any insurance or to verify any obligation to arrange or maintain insurance contained in the Finance Documents. The Security Agent shall not be responsible for any loss which may be suffered by any person as a result of the lack of or inadequacy of any such insurance.

Appears in 2 contracts

Samples: Assignment Agreement (Star Bulk Carriers Corp.), Facility Agreement (Spansion Inc.)

Insurance by Security Agent. (a) The Security Agent shall not be under any obligation to insure any of the Charged Property, to require any other person to maintain any insurance or to verify any obligation to arrange or maintain insurance contained in the Finance Debt Documents. The Security Agent shall not be responsible for any loss which may be suffered by any person as a result of the lack of or inadequacy of any such insurance.. A44420063

Appears in 2 contracts

Samples: Intercreditor Agreement (Paysafe LTD), Intercreditor Agreement (Paysafe LTD)

Insurance by Security Agent. (a) The Security Agent shall not be under any obligation to insure any of the Charged Property, to require any other person to maintain any insurance or to verify any obligation to arrange or maintain insurance contained in the Finance Documents. The Security Agent shall not be responsible for any loss damages, costs or losses which may be suffered by any person as a result of the lack of or inadequacy of any such insurance.

Appears in 2 contracts

Samples: Assignment Agreement (Ardmore Shipping Corp), Assignment Agreement (Ardmore Shipping Corp)

Insurance by Security Agent. (a) The Security Agent shall not be under any obligation to insure any of the Charged Property, to require any other person to maintain any insurance or to verify any obligation to arrange or maintain insurance contained in the Finance Documents. The Security Agent Trustee shall not be responsible for any loss which may be suffered by any person as a result of the lack of or inadequacy of any such insurance.

Appears in 1 contract

Samples: Intercreditor Agreement (Aluminum Corp of China)

Insurance by Security Agent. (a) The Security Agent shall not be under any obligation to insure any of the Charged Security Property, to require any other person Person to maintain any insurance or to verify any obligation to arrange or maintain insurance contained in the Finance Debt Documents. The Security Agent shall not be responsible for any loss which that may be suffered by any person Person as a result of the lack of or inadequacy of any such insurance.

Appears in 1 contract

Samples: Intercreditor Agreement (Home Inns & Hotels Management Inc.)

Insurance by Security Agent. (a) The Security Agent shall not be under any obligation obliged: to insure any of the Charged Property, ; to require any other person to maintain any insurance insurance; or to verify any obligation to arrange or maintain insurance contained in any Finance Document, and the Finance Documents. The Security Agent shall not be responsible liable for any loss which may be suffered by damages, costs or losses to any person as a result of the lack of of, or inadequacy of of, any such insurance.

Appears in 1 contract

Samples: Terms and Conditions

Insurance by Security Agent. (a) The Security Agent shall not be under any obligation to insure any of the Charged Property, to require any other person to maintain any insurance or to verify any obligation to arrange or maintain insurance contained in the Finance Guaranteed Documents. The Security Agent shall not be responsible for any loss which may be suffered by any person as a result of the lack of or inadequacy of any such insurance.

Appears in 1 contract

Samples: Restatement Agreement (Hanover Insurance Group, Inc.)

Insurance by Security Agent. (a) The Security Agent shall not be under any obligation obliged (a) to insure any of the Charged Property, (b) to require any other person to maintain any insurance or (c) to verify any obligation to arrange or maintain insurance contained in any Debt Document, and the Finance Documents. The Security Agent shall not be responsible liable for any loss which may be suffered by damages, costs or losses to any person as a result of the lack of of, or inadequacy of of, any such insurance.

Appears in 1 contract

Samples: Intercreditor Agreement (Tidewater Inc)

Insurance by Security Agent. (a) The Security Agent shall not be under any obligation to insure any of the Charged Property, to require any other person to maintain any insurance or to verify any obligation to arrange or maintain insurance contained in the Finance Debt Documents. The Security Agent shall not be responsible liable for any damages, cost or loss which may be suffered by any person as a result of the lack of or inadequacy of any such insurance.

Appears in 1 contract

Samples: Intercreditor Agreement

Insurance by Security Agent. (a) The Security Agent shall not be under any obligation to insure any of the Charged Secured Property, to require any other person to maintain any insurance or to verify any obligation to arrange or maintain insurance contained in the Finance Documents. The Security Agent shall not be responsible for any loss which may be suffered by any person as a result of the lack of or inadequacy of any such insurance.

Appears in 1 contract

Samples: Hanarotelecom Inc

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Insurance by Security Agent. (a) The Security Agent shall not be under any obligation to insure any of the Charged Property, to require any other person to maintain any insurance or to verify any obligation to arrange or maintain insurance contained in the Finance Documents. The Security Agent shall not be responsible for any loss which may be suffered by any person as a result of the lack of or inadequacy of any such insurance.. 110

Appears in 1 contract

Samples: Assignment Agreement (Ardmore Shipping Corp)

Insurance by Security Agent. (a) 28.15 The Security Agent shall not be under any obligation to insure any of the Charged Property, to require any other person to maintain any insurance or to verify any obligation to arrange or maintain insurance contained in the Finance Documents. The Security Agent shall not be responsible for any loss which may be suffered by any person as a result of the lack of or inadequacy of any such insurance.

Appears in 1 contract

Samples: Agreement (Aegean Marine Petroleum Network Inc.)

Insurance by Security Agent. (a) The Security Agent shall not be under any obligation to insure any of the Charged PropertyCollateral, to require any other person to maintain any insurance or to verify any obligation to arrange or maintain insurance contained in the Finance Debt Documents. The Security Agent shall not be responsible for any loss which may be suffered by any person as a result of the lack of or inadequacy of any such insurance.

Appears in 1 contract

Samples: Intercreditor Agreement (Nord Anglia Education, Inc.)

Insurance by Security Agent. (a) The Security Agent shall not be under any obligation to insure any of the Charged Property, to require any other person to maintain any insurance or to verify any obligation to arrange or maintain insurance contained in the Finance Documents. The Security Agent shall not be responsible for any loss which may be suffered by any person as a result of the lack of or inadequacy of any such insurance.. 103

Appears in 1 contract

Samples: Share Pledge Agreement (CGG Veritas)

Insurance by Security Agent. (a) The Security Agent shall not be under any obligation obliged (i) to insure any of the Charged Property, (ii) to require any other person to maintain any insurance or (iii) to verify any obligation to arrange or maintain insurance contained in any Debt Document, and the Finance Documents. The Security Agent shall not be responsible liable for any loss which may be suffered by damages, costs or losses to any person as a result of the lack of of, or inadequacy of of, any such insurance.

Appears in 1 contract

Samples: Intercreditor Agreement

Insurance by Security Agent. (a) The Security Agent shall not be under any obligation to insure any of the Charged Property, to require any other person to maintain any insurance or to verify any obligation to arrange or maintain insurance contained in the Finance Debt Documents. The Security Agent shall not be responsible for any loss which may be suffered by any person as a result of the lack of or inadequacy of any such insurance.. 169836-4-16896-v10.0 - 56 - 66-40580427

Appears in 1 contract

Samples: Intercreditor Agreement (Cemex Sab De Cv)

Insurance by Security Agent. (a) 25.15.1 The Security Agent shall not be under any obligation obliged to insure any of the Charged Property, to require any other person to maintain any insurance or to verify any obligation to arrange or maintain insurance contained in any Finance Documents and the Finance Documents. The Security Agent shall not be responsible liable for any loss which may be suffered by damages, costs or losses, to any person as a result of the lack of or inadequacy of any such insurance.

Appears in 1 contract

Samples: Agreement (AVG Technologies N.V.)

Insurance by Security Agent. (a) The Security Agent shall not be under any obligation to insure any of the Charged PropertyCollateral, to require any other person to maintain any insurance or to verify any obligation to arrange or maintain insurance contained in the Finance Loan Documents. The Security Agent shall not be responsible for any loss which may be suffered by any person as a result of the lack of or inadequacy of any such insurance.

Appears in 1 contract

Samples: Credit Agreement (NDS Group Holdings, LTD)

Insurance by Security Agent. (a) The Security Agent shall not be under any obligation to insure any of the Charged PropertyShares, to require any other person to maintain any insurance or to verify any obligation to arrange or maintain insurance contained in the Finance Documents. The Security Agent shall not be responsible for any loss which may be suffered by any person as a result of the lack of or inadequacy of any such insurance.

Appears in 1 contract

Samples: Secured Facility Agreement (SBS Broadcasting S A)

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