Common use of Mortgagee’s interest insurance Clause in Contracts

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. The Agent may (acting upon the instructions of the Majority Lenders) effect (for the cost of the Lenders) mortgagee's ’s interest insurance (including mortgagee's ’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.