Mortgagee’s interest insurance. The Security Trustee (acting on behalf of all the Lenders) shall be entitled, at the Borrower’s cost, from time to time to effect, maintain and renew a mortgagee’s interest and pollution risks insurance policy (including additional perils (pollution) cover) in an amount equal to at least 120% of the Loan such terms, through such insurers and generally in such manner as the Security Trustee may from time to time consider appropriate.
Mortgagee’s interest insurance. Mortgagee’s additional perils insurance Nothing contained in this clause 9.5 shall affect the Security Trustee’s rights to take out mortgagee’s interest insurance, mortgagee’s additional perils insurance and/or contingent liability insurance in relation to the insurances of the Vessel for its own account save that mortgagee’s interest insurance in respect of the Buyer Credit (and taken for the sole benefit of the Buyer Credit only) will be affected at the expense of the Borrower.
Mortgagee’s interest insurance. Mortgagee’s Interest Insurance in relation to each Vessel, providing for the indemnification of the Mortgagee and the United States for any losses under or in connection with this Mortgage which directly or indirectly result from loss of or damage to any Vessel or a liability of any Vessel or of the Mortgagor, where the loss or damage is required to be covered by an obligatory insurance policy but of which there is a non-payment (or reduced payment) by the underwriters because of:
Mortgagee’s interest insurance. The Agent may (acting upon the instructions of the Majority Lenders) effect (for the cost of the Lenders) mortgagee's interest insurance (including mortgagee's interest additional perils insurance) in respect of the Ship in an amount of up to 120 per cent. of the aggregate amount of the Loans upon such terms and through such insurers as the Agent may deem appropriate.
Mortgagee’s interest insurance. 20.1 In respect of each Vessel, the Security Agent, acting on the instructions of the Facility Agent, shall be entitled from time to time (at the reasonable cost and expense of the Borrower and at no cost or expense to any Finance Party, hereunder in respect of all premiums and other expenses that are incurred in effecting, maintaining or renewing any such insurance or dealing with, or considering, any matter arising out of any such insurance) to effect, maintain and renew mortgagee’s interest marine insurance providing for the indemnification of the Finance Parties for any losses under or in connection with any Finance Document that directly or indirectly result from loss, of or damage to, a Vessel or a liability of a Vessel, a Guarantor or the Borrower, being a loss or damage that is prima facie covered by a Required Insurance but in respect of which there is a non-payment (or reduced payment) by the underwriters by reason of, or on the basis of any allegation concerning:
Mortgagee’s interest insurance. (a) In respect of each Vessel, the Security Trustee, acting on the instructions of the Intercreditor Agent, shall be entitled from time to time with effect from the Delivery Date of such Vessel (at the cost and expense of the relevant Borrower and at no cost or expense to any Secured Party, hereunder in respect of all premiums and other expenses that are incurred in connection with or with a view to effect, maintain or renew any such insurance or dealing with, or considering, any matter arising out of any such insurance) to effect, maintain and renew any one or more of the following insurances, in such manner as the Security Trustee may from time to time consider appropriate, in the Required Insurance Amount for such insurance through insurers as may be available to the Security Trustee:
Mortgagee’s interest insurance. The Security Trustee shall be entitled from time to time to effect, maintain and renew a mortgagee's interest marine insurance in an amount not less than 120 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 each Borrower 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 insurance. In respect of the Mortgaged Vessels, the Borrowers shall subscribe and thereafter maintain and renew, at its sole expense, in an amount not less than 110 percent of the Loan, on such terms, through such insurers and generally in such manner as OFID and/or the Security Trustee may from time to time consider appropriate, a mortgagee's interest marine insurance with a 360 day waiting period clause covering the Mortgaged Vessels and providing for the indemnification of OFID for any losses under or in connection with any Security Document which directly or indirectly result from loss of or damage to any Mortgaged Vessel covered by such insurance or a liability of any such Mortgaged Vessel or of the Borrowers or the operator thereof, being a loss or damage which is prima facie covered by an obligatory insurance under paragraph (a) above but in respect of which there is a non-payment (or reduced payment) by the underwriters by reason of, or on the basis of an allegation concerning, among other things:
Mortgagee’s interest insurance. The Security Trustee shall be entitled from time to time to and shall if instructed to do so by any Lender effect, maintain and renew a mortgagee’s interest insurance in such amounts (not exceeding 120 per cent. of the Loan), on such terms, through such insurers and generally in such manner as the Agent 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 any such insurance or dealing with, or considering, any matter arising out of any such insurance.
Mortgagee’s interest insurance. The Borrower shall indemnify the Lender for the cost of any mortgagee’s interest insurance (including mortgagee’s interest additional perils insurance) which the Lender may effect in respect of the Vessel in an amount of up to 100% of the Loan upon such terms and through such insurers as the Lender may deem appropriate.
