Common use of Maintenance of obligatory insurances Clause in Contracts

Maintenance of obligatory insurances. The Borrower shall procure that each Owner will 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); and (b) war risks; and (c) protection and indemnity risks in excess of the limit of cover for oil pollution liability risks included within the protection and indemnity risks; and (d) 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 that Owner to insure and which are specified by the Security Trustee by notice to that Owner.

Maintenance of obligatory insurances. The Borrower shall procure that each Owner will 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 machinery, increased value and excess risks); and; (b) war risks; andrisks (including terrorism, piracy and confiscation); (c) protection and indemnity risks in excess (other than loss of the limit of cover for oil pollution liability risks included within the protection and indemnity hire or political risks); and (d) 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 that the relevant Owner to insure and which are specified by the Security Trustee by notice to that Ownerthe Borrower.

Maintenance of obligatory insurances. The Each Borrower shall procure that each Owner will keep the Ship owned by it it, at all times during the Security Period, insured at the expense of that Owner Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); and (b) war risks; and (c) protection and indemnity risks, meaning the usual risks in excess of the limit of cover including liability for oil pollution liability risks included within the protection and indemnity risksexcess war risk P&I cover; and (d) 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 that Owner Borrower to insure and which are specified by the Security Trustee by notice to that OwnerBorrower.

Maintenance of obligatory insurances. The Each Borrower shall procure that each Owner will keep 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); and; (b) war risks; and; (c) protection and indemnity risks in excess (including, without limitation, freight, demurrage and defence cover); (d) risk of the limit loss of cover for oil pollution liability risks included within the protection and indemnity risksEarnings; and (de) 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 that Owner Borrower to insure and which are specified by the Security Trustee by notice to that OwnerBorrower.