Receipt of Insurances after an Event of Default. On or after the occurrence of an Event of Default any sums recoverable under the Insurances shall be payable to the Lender.
Appears in 5 contracts
Samples: Knightsbridge Tankers LTD, Knightsbridge Tankers LTD, Knightsbridge Tankers LTD
Receipt of Insurances after an Event of Default. On or after the occurrence of an Event of Default which is continuing any sums recoverable under the Insurances shall be payable to the Lender.
Appears in 2 contracts
Samples: Supplemental Agreement (TBS International PLC), Supplemental Agreement (TBS International PLC)
