Common use of Payment of Premiums Clause in Contracts

Payment of Premiums. Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

Appears in 38 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Diana Shipping Inc.), Loan Agreement (Global Ship Lease, Inc.)

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Payment of Premiums. Each The Borrower shall procure that each Owner shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

Appears in 30 contracts

Samples: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.), Loan Agreement, Loan Agreement

Payment of Premiums. Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

Appears in 25 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

Payment of Premiums. Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Facility Agent or the Security TrusteeAgent.

Appears in 17 contracts

Samples: Term Loan Facility (Navios Maritime Partners L.P.), Loan Agreement (Ardmore Shipping Corp), Term Loan Facility (Navios Maritime Partners L.P.)

Payment of Premiums. Each The Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

Appears in 16 contracts

Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (Navios Maritime Containers Inc.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

Payment of Premiums. Each The Borrower shall procure that each Owner shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security TrusteeLender.

Appears in 12 contracts

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.)

Payment of Premiums. Each The Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

Appears in 9 contracts

Samples: Loan Agreement (EuroDry Ltd.), Amending and Restating Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Acquisition CORP)

Payment of Premiums. Each The Borrower shall procure that the Owner shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security TrusteeLender.

Appears in 9 contracts

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement, Loan Agreement (Paragon Shipping Inc.)

Payment of Premiums. Each The Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security TrusteeLender.

Appears in 8 contracts

Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Pyxis Tankers Inc.), Loan Agreement (Poseidon Containers Holdings Corp.)

Payment of Premiums. Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security TrusteeLender.

Appears in 7 contracts

Samples: Loan Agreement (Pyxis Tankers Inc.), Loan Agreement (Diana Shipping Inc.), Amending and Restating Agreement (DryShips Inc.)

Payment of Premiums. Each The Borrower shall procure that each Owner shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

Appears in 7 contracts

Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.), Deed of Amendment and Restatement (Capital Product Partners L.P.)

Payment of Premiums. Each The Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security TrusteeLender.

Appears in 6 contracts

Samples: Loan Agreement (Quintana Shipping Ltd.), Loan Agreement (Euroseas Ltd.), Loan Agreement (StealthGas Inc.)

Payment of Premiums. Each The Borrower shall punctually pay all premiums premiums, calls or other sums payable in respect of the obligatory insurances effected by it Insurances and produce all relevant receipts when so required by the Security TrusteeAgent.

Appears in 6 contracts

Samples: Facility Agreement, Facility Agreement, Facility Agreement (Hoegh LNG Partners LP)

Payment of Premiums. Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Facility Agent or the Security TrusteeAgent.

Appears in 4 contracts

Samples: Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Okeanis Eco Tankers Corp.)

Payment of Premiums. Each The Borrower shall procure that each Owner shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected affected by it and produce all relevant receipts when so required by the Security TrusteeLender.

Appears in 3 contracts

Samples: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp)

Payment of Premiums. Each The Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trusteeinsurances.

Appears in 3 contracts

Samples: Loan Agreement (Product Shipping Ltd.), Loan Agreement (Product Shipping Ltd.), Loan Agreement (Product Shipping Ltd.)

Payment of Premiums. Each Borrower The Borrowers shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

Appears in 3 contracts

Samples: Amending and Restating Agreement (TBS International PLC), Amending and Restating Agreement (TBS International PLC), Loan Agreement (TBS International LTD)

Payment of Premiums. Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Facility Agent (acting on the instructions of the Majority Lenders) or the Security TrusteeAgent (acting on the instructions of the Facility Agent acting on the instructions of the Majority Lenders).

Appears in 3 contracts

Samples: Term Loan Facility (United Maritime Corp), Facility Agreement (United Maritime Corp), Term Loan Facility (Global Ship Lease, Inc.)

Payment of Premiums. Each The Borrower shall procure that the Owner shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security TrusteeLender.

Appears in 2 contracts

Samples: Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Tsakos Energy Navigation LTD)

Payment of Premiums. Each Borrower The Borrowers shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Facility Agent or the Security TrusteeAgent.

Appears in 2 contracts

Samples: Term Loan Facility (Ardmore Shipping Corp), Term Loan Facility (Ardmore Shipping Corp)

Payment of Premiums. Each The Borrower shall procure that each Owner shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected affected by it and produce all relevant receipts when so required by the Security Trustee.

Appears in 2 contracts

Samples: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp)

Payment of Premiums. Each The Borrower shall procure that each Owner shall punctually pay all premiums or other sums payable in respect of the relevant obligatory insurances effected by it and produce all relevant receipts when so required by the Security TrusteeAgent.

Appears in 2 contracts

Samples: Loan Agreement (Seacastle Inc.), Amending and Restating Agreement (Seacastle Inc.)

Payment of Premiums. Each Borrower shall, and shall procure that the Collateral Owner shall, punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security TrusteeLender.

Appears in 2 contracts

Samples: Amending and Restating Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)

Payment of Premiums. Each The Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Facility Agent or the Security TrusteeAgent.

Appears in 2 contracts

Samples: Term Loan Facility (Okeanis Eco Tankers Corp.), Facility Agreement (Euroseas Ltd.)

Payment of Premiums. Each The Borrower shall punctually pay all premiums premiums, calls or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security TrusteeLender.

Appears in 2 contracts

Samples: Term Facility Agreement (Grindrod Shipping Holdings Ltd.), Term Facility Agreement (Grindrod Shipping Holdings Ltd.)

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Payment of Premiums. Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security TrusteeAgent.

Appears in 2 contracts

Samples: Facility Agreement (NewLead Holdings Ltd.), Facility Agreement (NewLead Holdings Ltd.)

Payment of Premiums. Each The Borrower shall procure that each Owner punctually pay pays all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

Appears in 2 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition Corp)

Payment of Premiums. Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it terms and conditions, and produce all relevant receipts when so required by the Security Trustee.

Appears in 2 contracts

Samples: Term Loan Facility Agreement (Navios Maritime Partners L.P.), Supplemental Agreement (Navios Maritime Containers Inc.)

Payment of Premiums. Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it that Borrower and produce all relevant receipts when so required by the Security Trustee.

Appears in 2 contracts

Samples: Loan Agreement (Scorpio Bulkers Inc.), Loan Agreement (Scorpio Tankers Inc.)

Payment of Premiums. Each The Borrower shall or shall procure that each Owner shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

Appears in 2 contracts

Samples: Loan Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Acquisition CORP)

Payment of Premiums. Each The Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security TrusteeAgent.

Appears in 2 contracts

Samples: Amending and Restating Agreement, Amending and Restating Agreement (Golar LNG Partners LP)

Payment of Premiums. Each The Borrower shall procure that the Owner shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

Appears in 2 contracts

Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)

Payment of Premiums. Each The relevant Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Payment of Premiums. Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security TrusteeAgent.

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Partners L.P.)

Payment of Premiums. Each The Borrower procure that each Owner shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it that Owner and produce all relevant receipts when so required by the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Bulkers Inc.)

Payment of Premiums. Each The Borrower shall procure that the Owner shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Payment of Premiums. Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.,

Appears in 1 contract

Samples: Loan Agreement (Star Bulk Carriers Corp.)

Payment of Premiums. Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce certified copies of all relevant receipts when so required by the Security TrusteeAgent.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Partners L.P.)

Payment of Premiums. Each The Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so reasonably required by the Security TrusteeLender.

Appears in 1 contract

Samples: Facility Agreement (SAVVIS, Inc.)

Payment of Premiums. Each The Borrower shall procure that the Owner shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security TrusteeLenders.

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Payment of Premiums. Each Borrower The Borrowers shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (Euroseas Ltd.)

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