Insurance by Security Agent. 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 5 contracts
Samples: Loan Agreement (Ardmore Shipping Corp), Amendment and Restatement Agreement (Alliance Data Systems Corp), Term Loan Facility (Ardmore Shipping Corp)
Insurance by Security Agent. (a) The Security Agent shall not be under any obligation obliged:
(i) to insure any of the Charged Property, Security Assets;
(ii) to require any other person to maintain any insurance or insurance; or
(iii) 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 2 contracts
Samples: Facility Agreement (Global Ship Lease, Inc.), Facility Agreement (Navios Maritime Partners L.P.)
Insurance by Security Agent. (a) The Security Agent shall not be under any obligation obliged:
(i) to insure any of the Charged Property, Security Assets;
(ii) to require any other person to maintain any insurance or insurance; or
(iii) to verify any obligation to arrange or maintain insurance contained in any Finance Document,
(iv) 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 2 contracts
Samples: Term Loan Facility (Navios South American Logistics Inc.), Facility Agreement (Globus Maritime LTD)
Insurance by Security Agent. 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 2 contracts
Insurance by Security Agent. 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 1 contract
Insurance by Security Agent. 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 1 contract
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. 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: Facility Agreement (Aegean Marine Petroleum Network Inc.)
Insurance by Security Agent. 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
Insurance by Security Agent. 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: Term Loan and Multicurrency Revolving Facilities Agreement (AVG Technologies N.V.)
