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 Security Trustee, significant and capable of affecting the Borrowers, the Ships and their Insurances (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which 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 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 Security TrusteeMajority Lenders, significant and capable of affecting the Borrowers, Owners or the Ships and their Insurances insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which each Borrower the Owners 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 Security Trustee, Agent or the Majority Lenders significant and capable of affecting the Borrowers, the Ships relevant Security Party or a Ship and their Insurances its insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which each Borrower the relevant Security Party 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 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 Security Trustee, Agent or the Lenders significant and capable of affecting the Borrowers, relevant Borrower or the Ships relevant Ship and their Insurances its insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which each the relevant 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 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 Security Trustee, Agent or the Majority Lenders significant and capable of affecting the Borrowers, relevant Borrower or the Ships relevant Ship and their Insurances its insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which each the relevant 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 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 Security Trustee, significant and capable of affecting the Borrowers, the Borrower Ships and their Insurances (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which 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 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 Security Trustee, Agent or the Majority Lenders significant and capable of affecting the Borrowers, the Ships relevant Borrower or a Ship and their Insurances its insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which each the relevant 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 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 Security Trustee, significant and capable of affecting the Borrowers, Borrowers or the Ships and their Insurances insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which each Borrower the 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 relevant BorrowerBorrowers.

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 Security Trustee, significant and capable of affecting the Borrowers, Owners or the Ships and its or their Insurances insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which each Borrower the Owners 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 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 Security Trustee, significant and capable of affecting the Borrowers, the Ships and their Insurances (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which 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 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 Security Trustee, Agent or the Majority Lenders significant and capable of affecting the Borrowers, the Ships relevant Security Party or a Vessel and their Insurances its insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which each Borrower the relevant Security Party 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 Security Trustee, Agent or the Lenders significant and capable of affecting the Borrowers, Borrower or the Ships Ship and their Insurances its insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which each the 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 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 Security Trustee, significant and capable of affecting the Borrowers, the Ships any Owner or any Ship and its or their Insurances insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which each Borrower the Owners 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 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 Security TrusteeAgent or the Majority Lenders, significant and capable of affecting the Borrowers, the Ships relevant Security Party or a Ship and their Insurances its insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which each Borrower the relevant Security Party 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 Security Trustee, Agent or the Majority Lenders significant and capable of affecting the Borrowers, Borrower or the Ships Ship and their Insurances its insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which each the 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 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 Security Trustee, Agent or the Majority Lenders significant and capable of affecting the Borrowers, the Ships relevant Security Party or a Ship and their Insurances its insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which each Borrower the relevant Security Party 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 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 Security Trustee, Agent or the Majority Lenders significant and capable of affecting the Borrowers, the Ships relevant Security Party or a Ship and their Insurances its insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which each Borrower the relevant Security Party 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 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 Security Trustee, significant and capable of affecting the Borrowers, Owners or the Ships and its or their Insurances insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which each Borrower the Owners 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 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 Security Trustee, Agent or the Majority Lenders significant and capable of affecting the Borrowers, the Ships relevant Security Party or a Ship and their Insurances its insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which each Borrower the relevant Security Party 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 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 Security Trustee, significant and capable of affecting the Borrowers, the Ships and their Insurances (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which each Borrower may be subject), and may appoint insurance consultants in relation to this review at the cost of the relevant BorrowerBorrowers.