Common use of Mortgagee’s interest, additional perils Clause in Contracts

Mortgagee’s interest, additional perils. The Lenders shall be entitled from time to time to effect, maintain and renew a mortgagee’s interest additional perils insurance and a mortgagees’ interest marine insurance in an amount equal to 110% of the aggregate of the Loan and the Swap Exposure 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 Corporate Guarantor shall upon demand 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, additional perils. The Lenders Lender shall be entitled from time to time to effect, maintain and renew a mortgagee’s interest additional perils insurance and a mortgagees’ interest marine insurance in an amount equal to 110not less than 120% of the aggregate amount of the Loan and the Swap Hedging Exposure and otherwise on such terms, through such insurers and generally in such manner as the Lenders Lender may from time to time consider appropriate and the Corporate Guarantor Borrowers shall upon demand fully indemnify the Lenders Lender 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. The Lenders Lender shall be entitled from time to time to effect, maintain and renew a mortgagee’s interest additional perils insurance in respect of any Ship and a mortgagees’ mortgagee’s interest marine insurance in for an aggregate amount equal to 110% of not less than 120 per cent. of the aggregate of the Loan and the Swap Exposure and otherwise Loan, on such terms, through such insurers and generally in such manner as the Lenders Lender may from time to time consider appropriate and the Corporate Guarantor Borrowers shall upon demand fully indemnify the Lenders Lender 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. If the Lender effects such insurances, it shall, if requested, provide the Borrowers with invoices.