Common use of Maintenance of obligatory insurances Clause in Contracts

Maintenance of obligatory insurances. Each Borrower shall keep the Ship owned by it insured at the expense of that Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks (including, without limitation, protection and indemnity war risks with a separate limit not less than hull value of the relevant Ship); (c) protection and indemnity risks (including, without limitation, protection and indemnity war risks in excess of the amount for war risks (hull) and oil pollution liability risks) in each case in the highest amount available in the international insurance market; and (d) any other risks the insurance of which the Security Trustee (acting on the instructions of the Majority Lenders), having regard to practices, recommendations and other circumstances prevailing at the relevant time, may from time to time require by notice to that Borrower.

Maintenance of obligatory insurances. Each On and following the Delivery Date, the Borrower shall keep the Ship owned by it insured at the expense of that the Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks (including, without limitation, protection and indemnity war risks with a separate limit not less than hull value of the relevant Shipvalue); (c) protection and indemnity risks (including, without limitation, protection and indemnity war risks in excess of the amount for war risks (hull) and oil pollution liability risks) in each case in the highest amount available in the international insurance market); and (d) any other risks in respect of which insurance would be obtained by a prudent owner or operator of the insurance of Ship and which the Security Trustee (acting on the instructions of the Majority Lenders), having regard to practices, recommendations and other circumstances prevailing at the relevant time, may from time to time reasonably require by notice to that the Borrower.

Maintenance of obligatory insurances. Each The Borrower shall keep procure that each Owner keeps the Ship owned by it insured at the expense of that Owner Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks (including, without limitation, protection and indemnity war risks with a separate limit not less than hull value of the relevant Ship); (c) protection and indemnity risks (including, without limitation, protection and indemnity war risks in excess of the amount for war risks (hull) and oil pollution liability risks) in each case in the highest amount available in the international insurance market; and (d) any other risks the insurance of which the Security Trustee (acting on the instructions of the Majority Lenders), having regard to practices, recommendations and other circumstances prevailing at the relevant time, may from time to time require by notice to that BorrowerOwner.

Maintenance of obligatory insurances. Each The Borrower shall keep the Ship owned by it insured at the expense of that the Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks (including, without limitation, protection and indemnity war risks with a separate limit not less than hull value of the relevant Ship); (c) protection and indemnity risks (including, without limitation, protection and indemnity war risks in excess of the amount for war risks (hull) and oil pollution liability risks) in each case in the highest amount available in the international insurance market; and (d) any other risks the insurance of which the Security Trustee (acting on the instructions of the Majority Lenders), having regard to practices, recommendations and other circumstances prevailing at the relevant time, may from time to time require by notice to that the Borrower.

Maintenance of obligatory insurances. Each Borrower shall keep the Ship owned by it insured at the expense of that Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks (including, without limitation, protection and indemnity war risks with a separate limit not less than hull value of the relevant Shipvalue); (c) protection and indemnity risks (including, without limitation, protection and indemnity war risks in excess of the amount for war risks (hull) and oil pollution liability risks) in each case in the highest amount available in the international insurance market); and (d) any other risks the insurance of which the Security Trustee (acting on the instructions of the Majority Lenders), having regard to practices, recommendations and other circumstances prevailing at the relevant time, may from time to time require by notice to that Borrower.

Maintenance of obligatory insurances. Each Borrower shall keep the Ship owned by it insured at the expense of that Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks (including, without limitation, protection and indemnity war risks with a separate limit not less than hull value of the relevant Ship); (c) protection and indemnity risks (including, without limitation, protection and indemnity war risks in excess of the amount for war risks (hull) and oil pollution liability risks) in each case in the highest amount available in the international insurance market); and (d) any other risks the insurance of which the Security Trustee (acting on the instructions of the Majority Lenders), having regard to practices, recommendations and other circumstances prevailing at the relevant time, may from time to time require by notice to that Borrower.

Maintenance of obligatory insurances. Each Borrower shall keep the Ship owned by it insured at the expense of that Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks (including, without limitation, including protection and indemnity war risks with a separate limit not less than hull value of the relevant Shipvalue); (c) protection and indemnity risks (including, without limitation, limitation protection and indemnity war risks in excess of the amount for war risks (hull) and oil pollution liability risks) risks in each case in the highest amount available in the international insurance market); and (d) any other risks the insurance of which the Security Trustee (acting on the instructions of the Majority Lenders), having regard to practices, recommendations and other circumstances prevailing at the relevant time, may from time to time require by notice to that Borrower.

Maintenance of obligatory insurances. Each The Borrower shall procure that each Owner shall keep the Ship owned by it insured at the expense of that Borrower Owner against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks (including, without limitation, protection and indemnity war risks with a separate limit not less than hull value of the relevant Ship); (c) protection and indemnity risks (including, without limitation, limitation protection and indemnity war risks in excess of the amount for war risks (hull) and oil pollution liability risks) risks in each case in the highest amount available in the international insurance market); and (d) any other risks the insurance of which the Security Trustee (acting on the instructions of the Majority Lenders), having regard to practices, recommendations and other circumstances prevailing at the relevant time, may from time to time require by notice to that Borrowerthe Borrower (excluding loss of hire insurance).

Maintenance of obligatory insurances. Each Borrower shall keep the Ship owned by it insured at the expense of that Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks (including, without limitation, protection and indemnity war risks with a separate limit not less than hull value of the relevant Ship); (c) protection and indemnity risks (including, without limitation, protection and indemnity war risks in excess of the amount for war risks (hull) and oil pollution liability risks) in each case in the highest amount available in the international insurance market)); and (d) any other risks the insurance of which the Security Trustee (acting on the instructions of the Majority Lenders), having regard to practices, recommendations and other circumstances prevailing at the relevant time, may from time to time require by notice to that Borrower.

Maintenance of obligatory insurances. Each Borrower shall keep the Ship owned by it insured at the expense of that Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks (including, without limitation, protection and indemnity war risks with a separate limit not less than hull value of the relevant Shipvalue); (c) protection and indemnity risks (including, without limitation, protection and indemnity war risks in excess of the amount for war risks (hull) and oil pollution liability risks) in each case in the highest amount available in the international insurance market); and (d) any other risks the insurance of which the Security Trustee (acting on the instructions of the Majority Lenders), having regard to practices, recommendations and other circumstances prevailing at the relevant time, may from time to time reasonably require by notice to that Borrower.

Maintenance of obligatory insurances. Each The Borrower shall keep the Ship owned by it insured at the its expense of that Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks (including, without limitation, protection and indemnity war risks with a separate limit not less than hull value of the relevant Ship, piracy and terrorism); (c) protection and indemnity risks (including, without limitation, protection and indemnity war risks in excess of the amount for war risks (hull) and oil pollution liability risks) in each case in the highest amount available in the international insurance market; and (d) any other risks the insurance of which the Security Trustee (acting on the instructions of the Majority Lenders), having regard to practices, recommendations and other circumstances prevailing at the relevant time, may from time to time require by notice to that the Borrower.

Maintenance of obligatory insurances. Each Borrower shall keep the Ship owned by it insured at the expense of that Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks (including, without limitation, including protection and indemnity war risks with a separate limit not less than hull value of the relevant Shipvalue); (c) protection and indemnity risks (including, without limitation, pollution risks and protection and indemnity war risks in excess (for the avoidance of the doubt, in addition to the any amount for war risks (hull) and oil pollution liability risksreferred to in paragraph (b) in each case in above) to the highest amount available in the international insurance market); and (d) any other risks the insurance of against which the Security Trustee (Agent acting on the instructions of the Majority Lenders), having regard to practices, recommendations and other circumstances prevailing at the relevant time, may from time to time require by notice to that Borrower.

Maintenance of obligatory insurances. Each The Borrower shall keep the Ship owned by it insured at the expense of that the Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks (including, without limitation, protection and indemnity war risks with a separate limit not less than hull value of the relevant Ship); (c) protection and indemnity risks (including, without limitation, protection and indemnity war risks in excess of the amount for war risks (hull) and oil pollution liability risks) in each case in the highest amount available in the international insurance market); and (d) any other risks the insurance of which the Security Trustee (acting on the instructions of the Majority Lenders), having regard to practices, recommendations and other circumstances prevailing at the relevant time, may from time to time require by notice to that the Borrower.

Maintenance of obligatory insurances. Each Borrower shall keep the Ship owned by it insured at the expense of that Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks (including, without limitation, protection and indemnity war risks with a separate limit not less than hull value of the relevant Shipvalue); (c) protection and indemnity risks (including, without limitation, protection and indemnity war risks in excess of the amount for war risks (hull) and oil pollution liability risks) in each case in the highest amount available in the international insurance market); and (d) any other risks the insurance of which the Security Trustee (acting on the instructions of the Majority Lenders), having regard to practices, recommendations and other circumstances prevailing at the relevant time, may from time to time require by notice to that Borrower.,