Common use of Maintenance of obligatory insurances Clause in Contracts

Maintenance of obligatory insurances. The Borrower shall procure that each Guarantor shall keep the Ship owned by it insured at the expense of that Guarantor against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks; (c) protection and indemnity risks; (d) any other risks against which the Lender considers, acting reasonably and having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Lender be reasonable for the relevant Guarantor to insure and which are specified by the Lender by notice to the Borrower.

Maintenance of obligatory insurances. The Borrower shall procure that each Each Guarantor shall keep the Ship owned by it insured at the its expense of that Guarantor against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks; (c) protection and indemnity risks;risks (without any exclusion for any Environmental Incident); and (d) any other risks against which the Lender Agent acting on the instructions of the Lenders considers, acting reasonably and having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Lender be reasonable for the relevant that Guarantor to insure and which are specified by the Lender Agent by notice to the Borrowerthat Guarantor.

Maintenance of obligatory insurances. The Borrower shall procure that each Each Guarantor shall keep the Ship owned by it insured at the its expense of that Guarantor against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks; (c) protection and indemnity risks;; and (d) any other risks against which the Lender Facility Agent considers, acting reasonably and having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Lender be commercially reasonable for the relevant that Guarantor to insure and which are specified by the Lender Facility Agent by notice to the Borrowerthat Guarantor.

Maintenance of obligatory insurances. The Borrower shall procure that each Each Guarantor shall keep the Ship owned by it insured at the its expense of that Guarantor against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks; (c) protection and indemnity risks;; and (d) any other risks against which the Lender Agent considers, acting reasonably and having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Lender be commercially reasonable for the relevant that Guarantor to insure and which are specified by the Lender Agent by notice to that Guarantor, and, upon request of the BorrowerAgent, such Guarantor shall assign any insurances for such other risks to the Security Trustee as additional security.

Maintenance of obligatory insurances. The Borrower shall procure that each Each Guarantor shall keep or cause to keep the Ship owned by it insured at the its expense of that Guarantor against: (a) fire and usual marine risks (including hull and machinery machinery, freight and excess risks); (b) war risks; (c) protection and indemnity risks;; and (d) any other risks against which the Lender Security Trustee considers, acting reasonably and having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Lender Security Trustee be reasonable for the relevant that Guarantor to insure and which are specified by the Lender Security Trustee by notice to the Borrowerthat Guarantor.

Maintenance of obligatory insurances. The Borrower shall procure that each Each Guarantor shall keep the each Ship owned by it insured at the expense of that Guarantor against: (a) fire and usual marine risks (including hull and machinery and machinery, excess risks, hull interest and (depending on the level of the hull and machinery policies) freight interest); (b) war risks; (c) protection and indemnity risks;; and (d) any other risks against which the Lender Security Trustee considers, acting reasonably and having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Lender Security Trustee be reasonable for the relevant that Guarantor to insure and which are specified by the Lender Security Trustee by notice to the Borrowerthat Guarantor.

Maintenance of obligatory insurances. The Borrower shall procure that each Each Guarantor shall keep the Ship owned by it insured at the its expense of that Guarantor against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks; (c) protection and indemnity risks;risks (without any exclusion for any Environmental Incident); and (d) any other risks against which the Lender Agent acting on the instructions of the Majority Lenders considers, acting reasonably and having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Lender be reasonable for the relevant that Guarantor to insure and which are specified by the Lender Agent by notice to the Borrowerthat Guarantor.

Maintenance of obligatory insurances. The Borrower shall procure that each Each Guarantor shall keep the Ship owned by it insured at the its expense of that Guarantor against: (a) fire and usual marine risks (including hull and machinery machinery, hull interest/increased value, freight interest and excess risks); (b) war risks; (c) protection and indemnity risks;; and (d) any other risks against which the Lender considersMajority Lenders may reasonably request, acting reasonably and having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion as is specified by notice of the Lender be reasonable for Security Trustee (following the relevant Guarantor written direction of the Majority Lenders) to insure and which are specified by the Lender by notice to the Borrowerthat Guarantor.

Maintenance of obligatory insurances. The Borrower shall procure that each Each Guarantor shall keep the Ship owned by it insured at the its expense of that Guarantor against: (a) fire and usual marine risks (including hull and machinery machinery, hull interest/increased value, freight interest and excess risks); (b) war risks; (c) protection and indemnity risks;; and (d) any other risks against which the Lender Security Trustee considers, acting reasonably and having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Lender Security Trustee be reasonable for the relevant that Guarantor to insure and which are specified by the Lender Security Trustee by notice to the Borrowerthat Guarantor.

Maintenance of obligatory insurances. The Borrower shall procure that each Each Guarantor shall keep the Ship owned by it insured at the its expense of that Guarantor against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks; (c) protection and indemnity risks;; and (d) any other risks against which the Lender DIP Agent considers, acting reasonably and having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Lender be commercially reasonable for the relevant that Guarantor to insure and which are specified by the Lender DIP Agent by notice to that Guarantor, and, upon request of the BorrowerDIP Agent, such Guarantor shall assign any insurances for such other risks to the Security Trustee as additional security.

Maintenance of obligatory insurances. The Borrower shall procure that each Each Collateral Guarantor shall keep the Ship owned by it insured at the its expense of that Guarantor against: (a) fire and usual marine risks (including hull and machinery machinery, increased value and excess risks); (b) war risksrisks (including blocking and trapping); (c) protection and indemnity risks;; and (d) any other risks against which the Lender Facility Agent acting on the instructions of the Majority Xxxxxxx considers, acting reasonably and having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Lender be reasonable for the relevant a Collateral Guarantor to insure and which are specified by the Lender Facility Agent by notice to the Borrowera Collateral Guarantor.