Common use of Mortgagee’s insurance Clause in Contracts

Mortgagee’s insurance. The 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 (a) a mortgagee's interest insurance and a mortgagee's additional perils (pollution risks cover) for the benefit of the Finance Parties for an aggregate amount up to 120% of the Loan at such time; and (b) any other insurance cover which the Agent reasonably requires in respect of any Finance Party's interests and potential liabilities (whether as mortgagee of the Ship or beneficiary of the Security Documents).

Mortgagee’s insurance. The 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: UK-#395507908-v8: (a) a mortgagee's interest insurance and a mortgagee's additional perils (pollution risks coverPollution) cover for the benefit of the Finance Parties for an aggregate amount up to 120% of the Loan at such timeLoan; and (b) any other insurance cover which the Agent reasonably requires in respect of any Finance Party's interests and potential liabilities (whether as mortgagee of the Ship or beneficiary of the Security Documents).

Mortgagee’s insurance. The 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: UK-#395507908-v8: (a) a mortgagee's ’s interest insurance and a mortgagee's ’s additional perils (pollution risks coverall P&I risks) cover for the benefit of the Finance Parties for an aggregate amount up to 120110% of the Loan at such timeAdvances; and (b) any other insurance cover which the Agent reasonably requires in respect of any Finance Party's ’s interests and potential liabilities (whether as mortgagee of the Ship or beneficiary of the Security Documents).

Mortgagee’s insurance. The 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: (a) a mortgagee's ’s interest insurance and a mortgagee's ’s additional perils (pollution risks cover) for the benefit of the Finance Parties for an aggregate amount up to 120% of the aggregate of the Available Revolving Loan Facility and the outstanding Term Loan at such time; and (b) any other insurance cover which the Agent reasonably requires in respect of any Finance Party's ’s interests and potential liabilities (whether as mortgagee of the Ship or beneficiary of the Security Documents).