Maintenance of obligatory insurances. Each of the Borrowers shall keep each Mortgaged Vessel owned by it insured, at its expense, against:
Appears in 2 contracts
Samples: Loan Agreement (Ultrapetrol Bahamas LTD), Loan Agreement (Ultrapetrol Bahamas LTD)
Maintenance of obligatory insurances. Each of the Borrowers The Borrower shall keep each Vessel owned by it and each Mortgaged Vessel owned bareboat chartered by it insured, at its expense, against:
Appears in 2 contracts
Samples: Loan Agreement (Ultrapetrol Bahamas LTD), Loan Agreement (Ultrapetrol Bahamas LTD)
Maintenance of obligatory insurances. Each of the Borrowers Borrower shall keep each Mortgaged Vessel owned by it insured, at its own expense, against:
Appears in 1 contract