Mortgagee’s interest additional perils and political risk insurances. The Security Trustee shall be entitled from time to time to effect, maintain and renew (i) mortgagee’s interest marine insurance, (ii) mortgagee’s interest additional perils insurance and/or (iii) mortgagee’s political risks / rights insurance in such amounts (up to 120% of the Loan), on such terms, through such insurers and generally in such manner as the Security Trustee may from time to time consider appropriate and the Borrowers shall upon demand fully indemnify the Creditor Parties in respect of all premiums and other expenses which are incurred in connection with or with a view to effecting, maintaining or renewing any such insurance or dealing with, or considering, any matter arising out of any such insurance.
Mortgagee’s interest additional perils and political risk insurances. The Security Trustee shall be entitled from time to time to effect, maintain and renew (i) mortgagee’s interest marine insurance, (ii) mortgagee’s interest additional perils insurance and/or (iii) mortgagee’s political risks/rights insurance in such amounts (not to exceed 110% of the Loan), on such terms, through such insurers and generally in such manner as the Security Trustee may from time to time consider appropriate and the Borrower and the Guarantors, jointly and severally, shall upon demand fully indemnify the Security Trustee in respect of all premiums and other expenses which are incurred in connection with or with a view to effecting, maintaining or renewing any such insurance or dealing with, or considering, any matter arising out of any such insurance.
Mortgagee’s interest additional perils and political risk insurances. The Security Trustee shall be entitled from time to time to effect, maintain and renew a mortgagee’s interest additional perils insurance and a mortgagee’s interest marine insurance in such amounts (but at least 110 per cent. of the Loan), on such terms, through such insurers and generally in such manner as the Security Trustee may from time to time consider appropriate and the Borrower shall upon demand fully indemnify the Security Trustee in respect of all premiums and other reasonable, out-of-pocket expenses which are incurred in connection with or with a view to effecting, maintaining or renewing any such insurance or dealing with, or considering, any matter arising out of any such insurance.
Mortgagee’s interest and additional peril insurances. The Security Trustee shall be entitled from time to time to effect, maintain and renew all or any of the following insurances in such amounts, on such terms, through such insurers and generally in such manner as the Majority Lenders may from time to time consider appropriate:
(a) a mortgagee's interest marine insurance in an amount equal to 120 per cent. of the Loan, providing for the indemnification of the Security Trustee for any losses under or in connection with any Finance Document which directly or indirectly result from loss of or damage to the Ship or a liability of the Ship or of the Owner, being a loss or damage which is prima facie covered by an obligatory insurance but in respect of which there is a non-payment (or reduced payment) by the First Class Underwriters by reason of, or on the basis of an allegation concerning:
(i) any act or omission on the part of the Owner, of any operator, charterer, manager or sub-manager of the Ship or of any officer, employee or agent of the Owner or of any such person, including any breach of warranty or condition or any non-disclosure relating to such obligatory insurance;
(ii) any act or omission, whether deliberate, negligent or accidental, or any knowledge or privity of the Owner, any other person referred to in paragraph (i) above, or of any officer, employee or agent of the Owner or of such a person, including the casting away or damaging of the Ship and/or the Ship being unseaworthy; and/or
(iii) any other matter capable of being insured against under a mortgagee's interest marine insurance policy whether or not similar to the foregoing;
(b) a mortgagee's interest additional perils policy in an amount not less than 110 per cent. of the Loan, providing for the indemnification of the Security Trustee against, among other things, any possible losses or other consequences of any Environmental Claim, including the risk of expropriation, arrest or any form of detention of the Ship, the imposition of any Security Interest over the Ship and/or any other matter capable of being insured against under a mortgagee's interest additional perils policy whether or not similar to the foregoing and the Borrower shall upon demand fully indemnify the Security Trustee in respect of all premiums and other expenses which are incurred in connection with or with a view to effecting, maintaining or renewing any such insurance or dealing with, or considering, any matter arising out of any such ins...
Mortgagee’s interest. 4.1 The Mortgagee acknowledges and declares that it shall be bound by the Obligations contained in this Agreement, and that the security of the Mortgage over the Site shall take effect subject to this Agreement, provided that the Mortgagee shall otherwise have no liability under this Agreement unless it takes possession of or disposes of any interest in the Site, in which case it or the person acquiring the Site (as the case may be) will be bound by the Obligations in the same way as persons deriving title from the Developer.
Mortgagee’s interest. Insurance Agent shall procure, at the expense of the Borrowers, and solely for the Agent and Lenders' own benefit, mortgagee's interest insurance and if necessary, mortgagee's additional perils - pollution policies, or some such other similar policies, providing for the indemnification of the Agent and the Lenders for loss under this Agreement resulting directly or indirectly from loss of or damage to any of the Vessels, which are covered by any of the Borrower's insurance policies or protection and indemnity club entries, but in respect of which there is subsequent non-payment or reduced payment by the underwriters. COMPANY NAME: [Lower Lakes Towing Ltd./Lower Lakes Transportation Company] CERTIFICATE NUMBER: 1 1. ACCOUNTS RECEIVABLE: (Line 5 of previous NRCA dated__________) $ - $ - $ - $ -
Mortgagee’s interest. Insurance of the mortgagee’s interest, to be effected and maintained by the Bank, in the name of the Bank, but at the expenses of the Owner, or Borrower including (if required by the Bank at its sole discretion) Mortgagee’s Asset Protection (Pollution) coverage and/or additional perils pollution in the event the Vessel insured trades in the United States waters or in the Exclusive Economic Zone of the United States (as such term is used in the United States Oil Pollution Act of 1990) or other similar insurance in respect of any pollution claim(s) against such Vessel insured, for the Required Amount, calculated at the last Interest Payment Date, under the “german wording” or similar, for 360 days (or less) or upon such terms as shall from time to time be determined by the Bank;
Mortgagee’s interest. The Agent shall be entitled from time to time to effect, maintain and renew a mortgagees’ interest insurance in an amount equal to 110% of the Loan and otherwise on such terms, through such insurers and generally in such manner as the Lenders may from time to time consider appropriate and the Borrower shall upon demand against appropriate vouchers/invoices fully indemnify the Lenders in respect of all premiums and other expenses which are incurred in connection with or with a view to effecting, maintaining or renewing any such insurance or dealing with, or considering, any matter arising out of any such insurance.
Mortgagee’s interest and mortgagee’s interest additional perils insurances. The Security Trustee shall be entitled from time to time to effect, maintain and renew a mortgagee’s interest insurance in an amount equal to equal to 120 per cent. of the Loan and a mortgagee’s interest additional perils insurance in an amount equal to 110 per cent. of the Loan, on such terms, through such insurers and generally in such manner as the Security Trustee may from time to time consider appropriate and the Borrower shall upon demand fully indemnify the Security Trustee in respect of all premiums and other expenses which are incurred in connection with or with a view to effecting, maintaining or renewing such insurances or dealing with, or considering, any matter arising out of such insurances.
Mortgagee’s interest additional perils insurance
