Renewal of obligatory insurances. The Borrower shall: (a) at least 14 days before the expiry of any obligatory insurance, renew that obligatory insurance; and (b) promptly after each such renewal, there is provided to the Agent details of the terms and conditions on which such obligatory insurances have been renewed.
Appears in 2 contracts
Samples: Loan Agreement (Euronav NV), Loan Agreement (Euronav NV)
Renewal of obligatory insurances. The 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 the Borrower proposes to renew that obligatory insuranceinsurance and of the proposed terms of renewal; and
(b) promptly after each such renewal, there is provided to the Agent details of the terms and conditions on which such obligatory insurances have been renewed.
Appears in 1 contract
Samples: Loan Agreement (EuroDry Ltd.)
Renewal of obligatory insurances. The Each Borrower shall:
(a) : at least 14 days before the expiry of any obligatory insurance, renew that obligatory insurance; and
(b) promptly after each such renewal, there is provided to the Agent details of the terms and conditions on which such obligatory insurances have been renewed.insurance effected by it:
Appears in 1 contract
Renewal of obligatory insurances. The Borrower Borrowers shall:
(a) at least 14 days before the expiry of any obligatory insurance, renew that obligatory insurance; and
(b) promptly after each such renewal, there is provided to the Agent details of the terms and conditions on which such obligatory insurances have been renewed.insurance effected by it:
Appears in 1 contract
Samples: Amending and Restating Agreement (TBS International PLC)
