Common use of Maintenance of obligatory insurances Clause in Contracts

Maintenance of obligatory insurances. The Borrower shall procure that each Owner keep the Ship owned by it insured at the expense of that Owner against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks (including protection and indemnity war risks); (c) in the case of protection and indemnity war risks, in an amount equal to the amount for which the war risks under the hull policies are effected; (d) protection and indemnity risks including protection and indemnity war risks cover in excess of the amount for war risks (hull) and including cover for oil pollution liability risks; and (e) any other risks against which the Majority Lenders consider, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Majority Lenders be reasonable for the relevant Owner to insure and which are specified by the Security Trustee by notice to the relevant Owner.

Maintenance of obligatory insurances. The Borrower shall procure that each Owner keep the Ship owned by it insured at the expense of that Owner against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks (including protection and indemnity war risks); (c) in the case of protection and indemnity war risks, in an amount equal to the amount for which the war risks under the hull policies are effected; (d) protection and indemnity risks including protection and indemnity war risks cover in excess of the amount for war risks (hull) and including limit of cover for oil pollution liability risks included within the protection and indemnity risks; and (e) any other risks against which the Majority Lenders consider, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Majority Lenders be reasonable for the relevant Owner to insure and which are specified by the Security Trustee by notice to the relevant Owner.

Maintenance of obligatory insurances. The Borrower shall procure that each Owner keep the Ship owned by it insured at the expense of that Owner against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks (including protection and indemnity war risks); (c) in the case of protection and indemnity war risks, in an amount equal to the amount for which the war risks under the hull policies are effectedeffected (including, without limitation, protection and indemnity war risks in excess of the amount of war risks (hull)); (d) protection and indemnity risks including protection and indemnity war risks cover in excess of the amount for war risks (hull) and including limit of cover for oil pollution liability risks included within the protection and indemnity risks; and (e) any other risks against which the Majority Lenders considerSecurity Trustee considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Majority Lenders Security Trustee be reasonable for the relevant Owner to insure and which are specified by the Security Trustee by notice to the relevant Owner.

Maintenance of obligatory insurances. The Borrower shall procure that each Owner shall keep the Ship owned by it insured at the expense of that Owner against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks (including protection and indemnity war risks); (c) in the case of protection and indemnity war risks, in an amount equal to the amount for which the war risks under the hull policies are effectedeffected (including, without limitation, protection and indemnity war risks in excess of the amount of war risks (hull)); (d) protection and indemnity risks including protection and indemnity war risks cover in excess of the amount for war risks (hull) and including limit of cover for oil pollution liability risks included within the protection and indemnity risks; and (e) any other risks against which the Majority Lenders considerSecurity Trustee considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Majority Lenders Security Trustee be reasonable for the relevant Owner to insure and which are specified by the Security Trustee by notice to the relevant Owner.

Maintenance of obligatory insurances. The Borrower shall procure that each the Owner shall keep the Ship owned by it insured at the expense of that the Owner against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks (including protection and indemnity war risks); (c) in the case of protection and indemnity war risks, in an amount equal to the amount for which the war risks under the hull policies are effectedeffected (including, without limitation, protection and indemnity war risks in excess of the amount of war risks (hull)); (d) protection and indemnity risks including protection and indemnity war risks cover in excess of the amount for war risks (hull) and including limit of cover for oil pollution liability risks included within the protection and indemnity risks; and (e) any other risks against which the Majority Lenders considerLender considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Majority Lenders Lender be reasonable for the relevant Owner to insure and which are specified by the Security Trustee Lender by notice to the relevant Owner.

Maintenance of obligatory insurances. The Borrower shall procure that each Owner shall keep the Ship owned by it insured at the expense of that Owner against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks (including protection and indemnity war risks); (c) in the case of protection and indemnity war risks, in an amount equal to the amount for which the war risks under the hull policies are effectedeffected (including, without limitation, protection and indemnity war risks in excess of the amount of war risks (hull)); (d) protection and indemnity risks including protection and indemnity war risks cover in excess of the amount for war risks (hull) and including limit of cover for oil pollution liability risks included within the protection and indemnity risks; and (e) any other risks against which the Majority Lenders considerLender considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Majority Lenders Lender be reasonable for the relevant Owner to insure and which are specified by the Security Trustee Lender by notice to the relevant Owner.

Maintenance of obligatory insurances. The Borrower shall procure that each Owner shall keep the its Ship owned by it insured at the expense of that Owner against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks (including protection and indemnity war risks); (c) in the case of protection and indemnity war risks, in an amount equal to the amount for which the war risks under the hull policies are effectedeffected (including, without limitation, protection and indemnity war risks in excess of the amount of war risks (hull)); (d) protection and indemnity risks including protection and indemnity war risks cover in excess of the amount for war risks (hull) and including limit of cover for oil pollution liability risks included within the protection and indemnity risks; and (e) any other risks against which the Majority Lenders considerLender considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Majority Lenders Lender be reasonable for the relevant that Owner to insure and which are specified by the Security Trustee Lender by notice to the relevant that Owner.

Maintenance of obligatory insurances. The Borrower shall procure that each Owner keep the Ship owned by it insured at the expense of that Owner against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks (including protection and indemnity war risks); (c) in the case of protection and indemnity war risks, in an amount equal to the amount for which the war risks under the hull policies are effectedeffected (including, without limitation, protection and indemnity war risks in excess of the amount of war risks (hull)); (d) protection and indemnity risks including protection and indemnity war risks cover in excess of the amount for war risks (hull) and including limit of cover for oil pollution liability risks included within the protection and indemnity risks; and (e) and any other risks against which the Majority Lenders considerSecurity Trustee considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Majority Lenders Security Trustee be reasonable for the relevant Owner to insure and which are specified by the Security Trustee by notice to the relevant Owner.

Maintenance of obligatory insurances. The Borrower shall procure that each the Owner keep the Ship owned by it insured at the expense of that the Owner against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks (including protection and indemnity war risks); (c) in the case of protection and indemnity war risks, in an amount equal to the amount for which the war risks under the hull policies are effected; (d) protection and indemnity risks including protection and indemnity war risks cover in excess of the amount for war risks (hull) and including limit of cover for oil pollution liability risks included within the protection and indemnity risks; and (e) any other risks against which the Majority Lenders consider, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Majority Lenders be reasonable for the relevant Owner to insure and which are specified by the Security Trustee by notice to the relevant Owner.