Common use of Review of insurance requirements Clause in Contracts

Review of insurance requirements. The Security Trustee shall be entitled to review the requirements of this Clause 13 from time to time in order to take account of any changes in circumstances after the date of this Agreement which are, in the opinion of the Majority Lenders, significant and capable of affecting the Owners or the Ships and their insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Owners may be subject), and may appoint insurance consultants in relation to this review at the cost of the Borrower.

Review of insurance requirements. The Security Trustee shall be entitled to review the requirements of this Clause 13 from time to time in order to take account of any changes in circumstances after the date of this Agreement which are, in the opinion of the Majority LendersSecurity Trustee, significant and capable of affecting the Owners or Borrowers, the Ships and their insurance Insurances (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Owners each Borrower may be subject), and may appoint insurance consultants in relation to this review at the cost of the relevant Borrower.

Review of insurance requirements. The Security Trustee may and, on instruction of the Majority Lenders, shall be entitled to review review, at the expense of the Borrower, the requirements of this Clause 13 from time to time in order to take account of any changes in circumstances after the date of this Agreement which are, in the opinion of the Agent or the Majority Lenders, Lenders significant and capable of affecting the Owners relevant Security Party or the Ships a Ship and their its insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Owners relevant Security Party may be subject.), and may appoint insurance consultants in relation to this review at the cost of the Borrower.

Review of insurance requirements. The Security Trustee may and, on instruction of the Majority Lenders, shall be entitled to review review, at the expense of the Borrowers, the requirements of this Clause 13 from time to time in order to take account of any changes in circumstances after the date of this Agreement which are, in the opinion of the Agent or the Majority Lenders, Lenders significant and capable of affecting the Owners relevant Borrower or the Ships relevant Ship and their its insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Owners relevant Borrower may be subject.), and may appoint insurance consultants in relation to this review at the cost of the Borrower.

Review of insurance requirements. The Security Trustee may and, on instruction of the Lenders, shall be entitled to review review, at the expense of the Borrowers, the requirements of this Clause 13 from time to time in order to take account of any changes in circumstances after the date of this Agreement which are, in the opinion of the Majority Lenders, Agent or the Lenders significant and capable of affecting the Owners relevant Borrower or the Ships relevant Ship and their its insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Owners relevant Borrower may be subject.), and may appoint insurance consultants in relation to this review at the cost of the Borrower.

Review of insurance requirements. The Security Trustee shall be entitled to review the requirements of this Clause 13 from time to time in order to take account of any changes in circumstances after the date of this Agreement which are, are in the reasonable opinion of the Majority LendersSecurity Trustee, significant and capable of affecting the Owners Borrowers or the Ships and their insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Owners Borrowers may be subject), and may appoint at a maximum of once per year insurance consultants in relation to this review at the cost of the BorrowerBorrowers.

Review of insurance requirements. The Upon the occurrence of an Event of Default, the Security Trustee shall be entitled to review the requirements of this Clause 13 from time to time in order to take account of any changes in circumstances after the date of this Agreement which are, in the opinion of the Majority LendersSecurity Trustee, significant and capable of affecting the Owners or Borrowers, the Borrower Ships and their insurance Insurances (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Owners each Borrower may be subject), and may appoint insurance consultants in relation to this review at the cost of the relevant Borrower.

Review of insurance requirements. The Security Trustee shall be entitled to review after prior consultation with the Borrower the requirements of this Clause 13 14 from time to time in order to take account of any changes in circumstances after the date of this Agreement which are, in the opinion of the Majority LendersSecurity Trustee, significant and capable of affecting the Owners or the Ships and its or their insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Owners may be subject), and may appoint insurance consultants in relation to this review at the cost of the Borrower.

Review of insurance requirements. The Security Trustee may and, on instruction of the Majority Lenders, shall be entitled to review review, at the expense of the Borrowers, the requirements of this Clause 13 from time to time in order to take account of any changes in circumstances after the date of this Agreement which are, in the opinion of the Agent or the Majority Lenders, Lenders significant and capable of affecting the Owners relevant Borrower or the Ships a Ship and their its insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Owners relevant Borrower may be subject.), and may appoint insurance consultants in relation to this review at the cost of the Borrower.

Review of insurance requirements. The Security Trustee shall be entitled to review after prior consultation with the Borrower the requirements of this Clause 13 from time to time in order to take account of any changes in circumstances after the date of this Agreement which are, in the opinion of the Majority LendersSecurity Trustee, significant and capable of affecting the Owners any Owner or the Ships any Ship and its or their insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Owners may be subject), and may appoint insurance consultants in relation to this review at the cost of the Borrower.

Review of insurance requirements. The Security Trustee may and, on instruction of the Majority Lenders, shall be entitled to review review, at the reasonable expense of the Borrower, the requirements of this Clause 13 from time to time in order to take account of any changes in circumstances after the date of this Agreement Effective Date which are, in the reasonable opinion of the Agent or the Majority Lenders, Lenders significant and capable of affecting the Owners relevant Security Party or the Ships a Vessel and their its insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Owners relevant Security Party may be subject.), and may appoint insurance consultants in relation to this review at the cost of the Borrower.

Review of insurance requirements. The Upon the occurrence of an Event of Default, the Security Trustee shall be entitled to review the requirements of this Clause 13 from time to time in order to take account of any changes in circumstances after the date of this Agreement which are, in the opinion of the Majority LendersSecurity Trustee, significant and capable of affecting the Owners or Borrowers, the Ships and their insurance Insurances (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Owners each Borrower may be subject), and may appoint insurance consultants in relation to this review at the cost of the relevant Borrower.

Review of insurance requirements. The Security Trustee may and, on instruction of the Lenders, shall be entitled to review review, at the expense of the Borrower, the requirements of this Clause 13 from time to time in order to take account of any changes in circumstances after the date of this Agreement which are, in the opinion of the Majority Lenders, Agent or the Lenders significant and capable of affecting the Owners Borrower or the Ships Ship and their its insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Owners Borrower may be subject.), and may appoint insurance consultants in relation to this review at the cost of the Borrower.

Review of insurance requirements. The Security Trustee may and, on instruction of the Majority Lenders, shall be entitled to review review, at the reasonable expense of the Borrower, the requirements of this Clause 13 from time to time in order to take account of any changes in circumstances after the date of this Agreement which are, in the reasonable opinion of the Agent or the Majority Lenders, Lenders significant and capable of affecting the Owners relevant Security Party or the Ships a Ship and their its insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Owners relevant Security Party may be subject.), and may appoint insurance consultants in relation to this review at the cost of the Borrower.

Review of insurance requirements. The Security Trustee shall be entitled to review after prior consultation with the Borrower the requirements of this Clause 13 from time to time in order to take account of any changes in circumstances after the date of this Agreement which are, in the opinion of the Majority LendersSecurity Trustee, significant and capable of affecting the Owners or the Ships and its or their insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Owners may be subject), and may appoint insurance consultants in relation to this review at the cost of the Borrower.

Review of insurance requirements. The Security Trustee shall be entitled to review the requirements of this Clause 13 from time to time in order to take account of any changes in circumstances after the date of this Agreement which are, in the opinion of the Majority LendersSecurity Trustee, significant and capable of affecting the Owners or Borrowers, the Ships and their insurance Insurances (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Owners each Borrower may be subject), and may appoint insurance consultants in relation to this review at the cost of the BorrowerBorrowers.

Review of insurance requirements. The Security Trustee may and, on instruction of the Majority Lenders, shall be entitled to review review, at the expense of the Borrowers, the requirements of this Clause 13 from time to time in order to take account of any changes in circumstances after the date of this Agreement Effective Date which are, in the opinion of the Agent or the Majority Lenders, Lenders significant and capable of affecting the Owners relevant Security Party or the Ships a Ship and their its insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Owners relevant Security Party may be subject.), and may appoint insurance consultants in relation to this review at the cost of the Borrower.

Review of insurance requirements. The Security Trustee may and, on instruction of the Majority Lenders, shall be entitled to review review, at the expense of the Borrower, the requirements of this Clause 13 from time to time in order to take account of any changes in circumstances after the date of this Agreement which are, in the opinion of the Agent or the Majority Lenders, Lenders significant and capable of affecting the Owners Borrower or the Ships Ship and their its insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Owners Borrower may be subject.), and may appoint insurance consultants in relation to this review at the cost of the Borrower.

Review of insurance requirements. The Security Trustee may and, on instruction of the Majority Lenders, shall be entitled to review review, at the expense of the Borrowers, the requirements of this Clause 13 from time to time in order to take account of any changes in circumstances after the date of this Agreement Effective Date which are, in the reasonable opinion of the Agent or the Majority Lenders, significant and capable of affecting the Owners relevant Security Party or the Ships a Ship and their its insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Owners relevant Security Party may be subject.), and may appoint insurance consultants in relation to this review at the cost of the Borrower.

Review of insurance requirements. The Security Trustee may and, on instruction of the Majority Lenders, shall be entitled to review review, at the expense of the Borrowers, the requirements of this Clause 13 from time to time in order to take account of any changes in circumstances after the date of this Agreement Effective Date which are, in the opinion of the Agent or the Majority Lenders, Lenders significant and capable of affecting the Owners relevant Security Party or the Ships a Ship and their its insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Owners relevant Security Party may be subject), and may appoint insurance consultants in relation to this review at the cost of the Borrower.