Common use of Insurance opinion Clause in Contracts

Insurance opinion. an opinion from insurance consultants to the Agent in form and substance satisfactory to the Agent and made at the cost and expense of the Borrowers, on the insurances effected or to be effected in respect of the Ship to which the Relevant Advance relates, upon and following the Delivery Date of such Ship;

Appears in 2 contracts

Samples: Facility Agreement (Costamare Partners LP), Facility Agreement (Costamare Partners LP)

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Insurance opinion. an opinion from insurance consultants to the Agent in form and substance satisfactory to the Agent and made at the cost and expense of the BorrowersAgent, on the insurances effected or to be effected in respect of the Ship to which Relevant Ship, confirming that the Relevant Advance relates, upon and following Ship is insured on terms approved by the Delivery Date Agent (acting on the instructions of such Ship;the Banks); and

Appears in 2 contracts

Samples: Loan Agreement (StealthGas Inc.), Loan Agreement (StealthGas Inc.)

Insurance opinion. an opinion opinion, in a form and substance acceptable to the Creditors, from insurance consultants to appointed by the Agent in form and substance satisfactory to the Agent and made at the cost and expense of the BorrowersFacility Agent, on the insurances effected or to be effected in respect of the Ship to which the Relevant Advance relates, upon and following the Delivery Date of such ShipDate;

Appears in 1 contract

Samples: Term Loan Facility Agreement (Danaos Corp)

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Insurance opinion. an opinion from insurance consultants to the Agent in form and substance satisfactory to the Agent and made at the cost and expense of the BorrowersBorrower, on the insurances effected or to be effected in respect of the Ship Collateral Vessel to which the Relevant Advance relates, upon and following the Delivery Date of such ShipCollateral Vessel;

Appears in 1 contract

Samples: Credit Agreement (Scorpio Bulkers Inc.)

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