Renewal of Insurances. Lessee shall commence renewal procedures in a timely manner in accordance with its general practices, and provide to Lessor:
Renewal of Insurances. Lessee shall commence renewal procedures at least 30 days prior to the expiration of any of the Insurances and provide to Lessor:
(a) if requested by Xxxxxx, a written status report of renewal negotiations 14 days prior to each expiration date;
(b) telefaxed confirmation of completion of renewal prior to each expiration date; and
(c) a certificate of insurance and broker’s letter of undertaking substantially in the form delivered to Lessor on the Delivery Date, detailing the coverage and confirming the insurers’ agreement to the specified insurance requirements of this Agreement within seven days after each renewal date.
Renewal of Insurances. The Charterers will no later than seven (7) days before the expiry of any of the Insurances renew them and shall immediately give the Owners and, if applicable, the Finance Parties such details of those renewals as the Owners and, if applicable, the Finance Parties may require.
Renewal of Insurances. The Charterers shall:- (a) at least fourteen (14) days before the relevant policies, contracts or entries expire, notify the Owners in writing of the names of the brokers proposed to be employed by the Charterers for the purposes of the renewal of such Insurances and of the amounts in which such Insurances are proposed to be renewed and the risks to be covered, in each case subject to compliance with any requirements of the Owners pursuant to this Clause 49; (b) procure that the Approved Brokers and the approved war risks and protection and indemnity associations will at least seven (7) days before such expiry confirm in writing to the Owners that they have been instructed to renew the relevant Insurances and such renewals are in the process of being effected in accordance with the instructions so given, and the Charterers shall provide the Owners with details of the instructions as the Owners may require; and (c) procure that the Approved Brokers and the approved war risks and protection and indemnity associations will prior to such expiry confirm in writing to the Owners that the relevant Insurances have been renewed, and the Charterers shall provide the Owners with details of the renewed Insurances as the Owners may require.
Renewal of Insurances. Sublessee shall commence renewal procedures at least thirty (30) days prior to expiry of any of the Insurances, and provide to Sublessor:
(i) confirmation of completion of renewal at least fifteen (15) days prior to each expiry date of any of the Insurances;
(ii) certificates of insurance and a brokers' letter of undertaking in a form acceptable to Sublessor and in English, detailing the coverage and confirming the insurers' agreement to the specified insurance requirements of this Agreement within seven (7) days after each renewal date; and
(iii) any other information as Sublessor may reasonable request be provided by the insurance broker at least fifteen (15) days before such expiry.
Renewal of Insurances. Each Shipowner shall renew the Insurances (or relevant part thereof) in respect of its Mortgaged Ship and Mortgaged Linkspans (if any) before the relevant policies, contracts or entries expire and shall procure that the Approved Brokers and/or the relevant protection and indemnity association or war risks association or relevant Approved Manager shall promptly confirm in writing to the Security Agent as and when each such renewal has been effected.
Renewal of Insurances. 56 9.5 Failure to Insure ................................................................................................. 57 9.6 Continuing Insurance for Indemnity .................................................................... 57 9.7 Application of Insurance Proceeds ..................................................................... 57 9.8
Renewal of Insurances. 70 21.6 Failure to Insure....................................................70 21.7
Renewal of Insurances. (a) IP OpCo shall, no later than the date falling thirty five (35) Business Days prior to the renewal or expiry date in respect of each Insurance, deliver to the Secretary of State a notice stating an outline of the IP OpCo's proposals as to:
(i) the changes (if any) since the date of this Agreement or, if later, the previous Renewal Date (as defined below) with regard to each such Insurance in the risks or liabilities to be insured under such Insurance; and
(ii) any proposed changes in the:
(A) reinstatement value of all assets required to be insured pursuant to such Insurance on a reinstatement value basis;
(B) insured amounts in respect of all other risks required to be insured pursuant to such Insurance;
(C) amount of deductibles applicable to such Insurance; and
(D) Applicable Policy Limit for such Insurance, in each case, for the period of 12 months (or such other period as may be agreed between IP OpCo and the Secretary of State) (an "Insurance Period") following the renewal or expiry date in respect of the relevant Insurance (the "Renewal Date"), together with information showing in reasonable detail how the same are calculated and any other related information required by the Secretary of State; and
(E) the claims experience in respect of such Insurance, (together, the "Insurance Proposals").
(b) IP OpCo shall, no later than the date falling fifteen (15) Business Days prior to the renewal or expiry date in respect of each Insurance, deliver to the Secretary of State a notice stating the full details of the Insurance Proposals for the relevant Insurance Period.
(c) The Secretary of State shall, following receipt of details of the Insurance Proposals in accordance with clauses 13.3(a) and 13.3(b), consider the same and advise IP OpCo within five (5) Business Days of receipt of full details of the Insurance Proposals pursuant to clause 13.3(b) whether or not it agrees with the Insurance Proposals (such agreement not to be unreasonably withheld or delayed), provided that the Secretary of State shall not be entitled to withhold its consent where such Insurances are to be renewed on terms that are consistent with the requirements of the Approved Insurance Schedule.
(d) If:
(i) any Insurance Proposals provided under clause 13.3(a) or clause 13.3(b) are not agreed to in whole or in part by the Secretary of State; or
(ii) IP OpCo otherwise amends any of the terms of the Insurances without the consent of the Secretary of State, IP OpCo may nonetheless place...
Renewal of Insurances. Lessee shall commence renewal procedures at least thirty (30) days prior to expiry of any of the Insurances, and provide to Lessor:
(i) confirmation of completion of renewal at least fifteen (15) days prior to each expiry date of any of the Insurances;
(ii) certificates of insurance and a brokers' letter of undertaking in a form acceptable to Lessor and in English, detailing the coverage and confirming the insurers' agreement to the specified insurance requirements of this Agreement within seven (7) days after each renewal date; and
(iii) any other information as Lessor may reasonable request be provided by the insurance broker at least fifteen (15) days before such expiry.
