Loss payable clause, etc Sample Clauses

Loss payable clause, etc procure that the interest of the Lender shall be duly endorsed upon all slips, cover notes, policies, certificates of entry or other instruments issued or to be issued in connection with each Insurance on or in respect of the Vessel by means of a loss payable and notice of cancellation clause reflecting the terms of the Assignment of Insurance relating to the Vessel and a notice of assignment (signed by the Borrower) each in such form as are required in such Assignment of Insurance;