Common use of Management Agreement Assignment duly executed; and Clause in Contracts

Management Agreement Assignment duly executed; and. 24.12 Telefax confirmations from the insurance brokers for marine risks (hull and machinery) and the managers of any protection and indemnity or war risks association through whom any Insurances have been placed that the Insurances have been placed and upon receipt of a notice of assignment of the Insurances they will issue letters of undertaking in the form approved by the Lenders. 25 Guarantee duly executed by the relevant Owner.

Management Agreement Assignment duly executed; and. 24.12 Telefax confirmations from the insurance brokers for marine risks (hull and machinery) and the managers of any protection and indemnity or war risks association through whom any Insurances have been placed that the Insurances have been placed and upon receipt of a notice of assignment of the Insurances they will issue letters of undertaking in the form approved by the Lenders. 25 Guarantee duly executed by the relevant Owner.