Common use of Renewal of obligatory insurances Clause in Contracts

Renewal of obligatory insurances. Each Borrower shall: (a) at least 14 days before the expiry of any obligatory insurance: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Borrower proposes to renew that insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Lenders’ approval to the matters referred to in paragraph (i) above; (b) at least 7 days before the expiry of any obligatory insurance, renew the insurance; and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. Each Borrower shall: (a) at least 14 days before the expiry of any obligatory insurance: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Borrower Xxxxxxxx proposes to renew that insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Lenders’ approval to the matters referred to in paragraph (i) above; (b) at least 7 days before the expiry of any obligatory insurance, renew the insurance; and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. Each The Borrower shall: (a) at least 14 days before the expiry of any obligatory insurance: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that the Borrower proposes to renew that insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Lenders’ approval to the matters referred to in paragraph (i) above; (b) at least 7 days before the expiry of any obligatory insurance, renew the insurance; and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. Each Borrower shall: (a) at least 14 days before the expiry of any obligatory insurance: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that such Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Lenders’ Agent’s approval to the matters referred to in paragraph (i) above); (b) at least 7 days before the expiry of any obligatory insurance, renew the that obligatory insurance; and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. Each Borrower shall: (a) at least 14 21 days before the expiry of any obligatory insurance: (i) notify the Security Trustee Lender of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Borrower proposes to renew that insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Lenders’ Lender’s approval to the matters referred to in paragraph (i) above; (b) at least 7 14 days before the expiry of any obligatory insurance, renew the insurance; and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. Each Borrower shall: (a) at least 14 days before the expiry of any obligatory insurance: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that such Borrower proposes to renew that obligatory insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Lenders’ Agent's approval to the matters referred to in paragraph (i) above); (b) at least 7 days before the expiry of any obligatory insurance, renew the that obligatory insurance; and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. Each Borrower shall: (a) at least 14 21 days before the expiry of any obligatory insurance: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Borrower proposes to renew that insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Majority Lenders’ ' approval to the matters referred to in paragraph (i) above; (b) at least 7 14 days before the expiry of any obligatory insurance, renew the insurance; and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. Each Borrower The Borrowers shall: (a) at least 14 21 days before the expiry of any obligatory insurance: (i) notify the Security Trustee of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Borrower proposes the Borrowers propose to renew that insurance and of the proposed terms of renewal; and (ii) in case of any substantial material change in insurance cover, obtain the Majority Lenders’ ' approval to the matters referred to in paragraph (i) above; (b) at least 7 14 days before the expiry of any obligatory insurance, renew the insurance; and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after before the renewal expiry of the current insurances notify the Security Trustee in writing of the terms and conditions of the renewal.

Renewal of obligatory insurances. Each The Borrower shall procure that each Owner shall: (a) at least 14 21 days before the expiry of any obligatory insurance: (i) notify the Security Trustee Lender of the brokers (or other insurers) and any protection and indemnity or war risks association through or with whom that Borrower Owner proposes to renew that insurance and of the proposed terms of renewal; and (ii) in case of any substantial change in insurance cover, obtain the Lenders’ Lender’s approval to the matters referred to in paragraph (i) above; (b) at least 7 14 days before the expiry of any obligatory insurance, renew the insurance; and (c) procure that the approved brokers and/or the war risks and protection and indemnity associations with which such a renewal is effected shall promptly after the renewal notify the Security Trustee Lender in writing of the terms and conditions of the renewal.