Common use of Payment of Premiums Clause in Contracts

Payment of Premiums. Each Guarantor 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 Agent or the Security Trustee.

Appears in 5 contracts

Samples: Subordinated Facility Agreement (Diana Containerships Inc.), Facility Agreement (Diana Containerships Inc.), Subordinated Facility Agreement (Diana Shipping Inc.)

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Payment of Premiums. Each The Borrower shall procure that each Guarantor 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 Agent or the Security TrusteeLender.

Appears in 3 contracts

Samples: Loan Agreement (General Maritime Corp / MI), Loan Agreement (Arlington Tankers Ltd.), Loan Agreement (Arlington Tankers Ltd.)

Payment of Premiums. Each Guarantor 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 Agent or the Security Trustee.

Appears in 3 contracts

Samples: Loan Agreement (Eagle Bulk Shipping Inc.), Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)

Payment of Premiums. Each The Borrower shall procure that each Corporate Guarantor 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 Agent or the Security TrusteeLender.

Appears in 2 contracts

Samples: Loan Agreement (Castor Maritime Inc.), Loan Agreement (Toro Corp.)

Payment of Premiums. Each The Corporate Guarantor 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 Agent or the Security Trustee.

Appears in 2 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)

Payment of Premiums. Each Owner Guarantor 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 Agent or the Security Trustee.

Appears in 2 contracts

Samples: Loan Agreement (Dorian LPG Ltd.), Loan Agreement (Dorian LPG Ltd.)

Payment of Premiums. Each The Borrower shall procure that each Guarantor 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 Agent or the Security Trustee.

Appears in 2 contracts

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

Payment of Premiums. Each Guarantor 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 Trustee.

Appears in 2 contracts

Samples: Credit Agreement (DHT Holdings, Inc.), Credit Agreement (DHT Holdings, Inc.)

Payment of Premiums. Each The Borrower shall procure that each Guarantor and each Collateral Guarantor 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 Agent or the Security Trustee.

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Containers Inc.)

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Payment of Premiums. Each Collateral Guarantor 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 1 contract

Samples: Facility Agreement (Taylor Maritime Investments LTD)

Payment of Premiums. Each Guarantor 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 DIP Agent or the Security Trustee.

Appears in 1 contract

Samples: Debtor in Possession Credit Agreement (Eagle Bulk Shipping Inc.)

Payment of Premiums. Each Guarantor shall (and the Borrower shall procure that each Guarantor shall) punctually pay all premiums premiums, calls, contributions, or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Administrative Agent or the Security Trustee.

Appears in 1 contract

Samples: Credit Facility Agreement (Ship Finance International LTD)

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

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Payment of Premiums. Each Guarantor 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 Agent or the Security TrusteeMajority Lenders.

Appears in 1 contract

Samples: Second Lien Loan Agreement (Eagle Bulk Shipping Inc.)

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