Reduction of Insurance Proceeds. the insurers not to reduce any insurance proceeds due and payable to the Security Agent (on behalf of itself and other beneficiaries) as loss payee, save in respect of any unpaid premium if so required by the respective insurer;
Appears in 7 contracts
Samples: Project Financing Facility Agreement, Project Financing Agreement (Mercer International Inc.), Project Financing Facility Agreement (Mercer International Inc.)