Common use of Mortgagee’s insurance Clause in Contracts

Mortgagee’s insurance. The Borrower shall promptly reimburse to the Agent the cost (as conclusively certified by the Agent) of taking out and keeping in force in respect of the Ship and the other Mortgaged Ships on approved terms, or in considering or making claims under:

Appears in 4 contracts

Samples: Agreement (Navigator Holdings Ltd.), Facility Agreement (Navigator Holdings Ltd.), Navigator Holdings Ltd.

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Mortgagee’s insurance. (a) The Borrower shall promptly reimburse to the Agent the cost (as conclusively certified by the Agent) of taking out and keeping in force in respect of the Ship and the other Mortgaged Ships on approved terms, or in considering or making claims under:under a mortgagee’s interest insurance and a mortgagee’s additional perils (ail P&l risks) cover for the benefit of the Finance Parties for an amount of 120% of the Loan; and

Appears in 3 contracts

Samples: Facilities Agreement (GasLog Partners LP), Facilities Agreement (GasLog Partners LP), Facilities Agreement (GasLog Ltd.)

Mortgagee’s insurance. The Borrower Borrowers shall promptly reimburse to the Agent the cost (as conclusively certified by the Agent) of taking out and keeping in force in respect of the Ship and the other Mortgaged Ships on terms approved termsby the Agent (acting on the instructions of the Majority Lenders), or in considering or making claims under:

Appears in 2 contracts

Samples: Facility Agreement (Quintana Shipping Ltd.), DryShips Inc.

Mortgagee’s insurance. (a) The Borrower shall promptly reimburse to the Agent the cost (as conclusively certified by the Agent) of taking out and keeping in force in respect of the Ship and the other Mortgaged Ships on approved terms, or in considering or making claims under:under a mortgagee’s interest insurance and a mortgagee’s additional perils (all P&I risks) cover for the benefit of the Finance Parties for an amount of 110% of the Loan; and

Appears in 2 contracts

Samples: Facility Agreement (GasLog Ltd.), Facility Agreement (GasLog Ltd.)

Mortgagee’s insurance. The Borrower shall promptly reimburse to the Agent the cost (as conclusively certified by the Agent) of taking out and keeping in force in respect of the a Ship and the other Mortgaged Ships on approved terms, or in considering or making claims under:

Appears in 2 contracts

Samples: Agreement (Cool Co Ltd.), Agreement (Cool Co Ltd.)

Mortgagee’s insurance. The Borrower Borrowers shall promptly reimburse to the Agent the cost (as conclusively certified by the Agent) of taking out and keeping in force in respect of the Ship and the other Mortgaged Ships on approved terms, or in considering or making claims under:

Appears in 2 contracts

Samples: Facility Agreement (Navigator Holdings Ltd.), Navigator Holdings Ltd.

Mortgagee’s insurance. The Borrower shall promptly reimburse to the Agent the cost (as conclusively certified by the Agent) of taking out and keeping in force in respect of the Ship and the other Mortgaged Ships on approved terms, or in considering or making claims under:

Appears in 2 contracts

Samples: Agreement (Teekay Tankers Ltd.), Agreement (Teekay Tankers Ltd.)

Mortgagee’s insurance. The Borrower Obligors shall promptly reimburse to the Agent the cost (as conclusively certified by the Agent) of taking out and keeping in force in respect of the Ship and the other Mortgaged Ships on approved terms, or in considering or making claims under:

Appears in 2 contracts

Samples: Agreement (Danaos Corp), reportify-1252068037.cos.ap-beijing.myqcloud.com

Mortgagee’s insurance. 23.6 The Borrower shall promptly reimburse to the Agent the cost (as conclusively certified by the Agent) of taking out and keeping in force in respect of the Ship and the other Mortgaged Ships on approved terms, or in considering or making claims under:

Appears in 1 contract

Samples: Teekay LNG Partners L.P.

Mortgagee’s insurance. The Borrower shall promptly reimburse to the Agent the cost (as conclusively certified by the Agent) of taking out and keeping in force in respect of the Ship and the other Mortgaged Ships on approved terms, or in considering or making claims underShip:

Appears in 1 contract

Samples: Facility Agreement (Hoegh LNG Partners LP)

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Mortgagee’s insurance. The Borrower Borrowers shall promptly reimburse to the Agent the cost (as conclusively certified by the Agent) of taking out and keeping in force in respect of the Ship and the other Mortgaged Ships on approved terms, or in considering or making claims under:

Appears in 1 contract

Samples: Facilities Agreement (Navigator Holdings Ltd.)

Mortgagee’s insurance. (a) The Borrower shall promptly reimburse to the Agent the cost (as conclusively certified by the Agent) of taking out and keeping in force in respect of the Ship and the other Mortgaged Ships on approved terms, or in considering or making claims under:under a mortgagee’s interest insurance and a mortgagee’s additional perils (all P&l risks) cover for the benefit of the Finance Parties, each for an aggregate amount of 110% of the Loan; and

Appears in 1 contract

Samples: Facility Agreement (GasLog Ltd.)

Mortgagee’s insurance. (a) The Borrower shall promptly reimburse to the Agent the cost (as conclusively certified by the Agent) of taking out and keeping in force in respect of the Ship and the other Mortgaged Ships on approved terms, or in considering or making claims under:under a mortgagee’s interest insurance and a mortgagee’s additional perils (all P&I risks) cover for the benefit of the Finance Parties for an amount of 120% of the Loan; and

Appears in 1 contract

Samples: Facility Agreement (GasLog Ltd.)

Mortgagee’s insurance. The Borrower Borrowers shall promptly reimburse to the Agent the cost (as conclusively certified by the Agent) of taking out and keeping in force in respect of the Ship and the other Mortgaged Ships on approved terms, or in considering or making claims under:: UK-#395507908-v8

Appears in 1 contract

Samples: Navigator Holdings Ltd.

Mortgagee’s insurance. 24.6 The Borrower Borrowers shall promptly reimburse to the Agent the cost (as conclusively certified by the Agent) of taking out and keeping in force in respect of the Ship and the other Mortgaged Ships on approved terms, or in considering or making claims under:

Appears in 1 contract

Samples: Agreement (Globus Maritime LTD)

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