Common use of Review of insurance requirements Clause in Contracts

Review of insurance requirements. The Lender shall be entitled to review the requirements of this Clause 12 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 Lender, significant and capable of affecting the Borrower or the Ship and its insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Borrower may be subject.) and may appoint insurance consultants in relation to this review at the cost of the Borrower.

Appears in 3 contracts

Samples: Loan Agreement (Euroseas Ltd.), Loan Agreement (Euroseas Ltd.), Loan Agreement (Euroseas Ltd.)

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Review of insurance requirements. The Lender shall be entitled to review the requirements of this Clause 12 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 Lender, significant and capable of affecting the Borrower either Owner or the either 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 Borrower Owners may be subject.) ), and may appoint insurance consultants in relation to this review at the cost of the Borrower.

Appears in 2 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (StealthGas Inc.)

Review of insurance requirements. The Lender shall be entitled to review after prior consultation with the Borrower the requirements of this Clause 12 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 Lender, significant and capable of affecting the Borrower Owner or the 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 Borrower Owner may be subject).) and may appoint insurance consultants in relation to this review at the cost of the Borrower.

Appears in 2 contracts

Samples: Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Tsakos Energy Navigation LTD)

Review of insurance requirements. The Lender shall be entitled to review the requirements of this Clause 12 11 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 Lender, significant and capable of affecting the Borrower a Mortgaged Ship or the Ship its Owner and its their insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Borrower relevant Owner may be subject.) ), and may appoint insurance consultants in relation to this review at the cost of the Borrower.

Appears in 2 contracts

Samples: Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)

Review of insurance requirements. The Lender shall be entitled to review the requirements of this Clause 12 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 Lender, significant and capable of affecting the Borrower Owners or the Ship Ships and its their insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Borrower Owners may be subject.) ), and may appoint insurance consultants in relation to this review at the cost of the Borrower.

Appears in 2 contracts

Samples: Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (DryShips Inc.)

Review of insurance requirements. The Lender shall be entitled to review after prior consultation with the Borrower the requirements of this Clause 12 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 Lender, significant and capable of affecting the Borrower either Owner or the either 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 Borrower Owners may be subject).) and may appoint insurance consultants in relation to this review at the cost of the Borrower.

Appears in 2 contracts

Samples: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp)

Review of insurance requirements. The Lender shall be entitled to review the requirements of this Clause 12 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 Lender, significant and capable of affecting the Borrower Owner or the Ship and its their insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Borrower Owner may be subject.) ), and may appoint insurance consultants in relation to this review at the cost of the Borrower.

Appears in 2 contracts

Samples: Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Cosmo Llc.)

Review of insurance requirements. The Lender shall be entitled to review the requirements of this Clause 12 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 Lender, significant and capable of affecting the Borrower Owner or the Ship and its insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Borrower Owner may be subject).) and may appoint insurance consultants in relation to this review at the cost of the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Review of insurance requirements. The Lender shall be entitled to review the requirements of this Clause 12 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 Lender, significant and capable of affecting the any Borrower or the 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 any Borrower may be subject.) ), and may appoint insurance consultants in relation to this review at the cost of the BorrowerBorrowers.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Bulkers Inc.)

Review of insurance requirements. The Lender shall be entitled to review the requirements of this Clause 12 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 Lender, significant and capable of affecting the Borrower Owners or the Ship Ships and its their insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Borrower Owners may be subject.) ), and may appoint insurance consultants in relation to this review at the cost of the BorrowerBorrowers.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Review of insurance requirements. The Lender shall be entitled to review the requirements of this Clause 12 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 Lender, significant and capable of affecting the a Borrower or the its 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 that Borrower may be subject.) ), and may appoint insurance consultants in relation to this review at the cost of the that Borrower.

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

Review of insurance requirements. The Lender shall be entitled to review the requirements of this Clause 12 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 Lender, significant and capable of affecting the any Borrower or the 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 Borrower Borrowers may be subject.) ), and may appoint insurance consultants in relation to this review at the cost of the BorrowerBorrowers.

Appears in 1 contract

Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)

Review of insurance requirements. The Lender shall be entitled to review the requirements of this Clause 12 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 Lender, significant and capable of affecting the Borrower or the Ship and its insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Borrower may be subject.) ), and may appoint insurance consultants in relation to this review at the cost of the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

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Review of insurance requirements. The Lender shall be entitled to review the requirements of this Clause 12 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 Lender, significant and capable of affecting the Borrower any Owner or the any Ship and its their insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Borrower Owners may be subject.) ), and may appoint insurance consultants in relation to this review at the cost of the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Box Ships Inc.)

Review of insurance requirements. The Lender shall be entitled to review after prior consultation with the Borrower the requirements of this Clause 12 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 Lender, significant and capable of affecting the Borrower any Owner or the 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 Borrower Owners may be subject).) and may appoint insurance consultants in relation to this review at the cost of the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Danaos Corp)

Review of insurance requirements. The Lender shall be entitled to review the requirements of this Clause 12 from time to time time, in order to take account of any changes in circumstances after the date of this Agreement which are, in the opinion of the Lender, Lender significant and capable of affecting the any Borrower or the any Ship and its insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the any Borrower may be subject.) and may appoint insurance consultants in relation to this review at the cost of the BorrowerBorrowers.

Appears in 1 contract

Samples: Agreement (Diana Shipping Inc.)

Review of insurance requirements. The Lender shall be entitled to review the requirements of this Clause 12 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 Lender, significant and capable of affecting the Borrower Owners Borrowers or the Ship Ships and its their insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Borrower Owners Borrowers may be subject.) ), and may appoint insurance consultants in relation to this review at the cost of the BorrowerBorrowers.

Appears in 1 contract

Samples: Agreement (DryShips Inc.)

Review of insurance requirements. The Lender shall be entitled to review the requirements of this Clause 12 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 Lender, significant and capable of affecting the a Borrower or the its 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 that Borrower may be subject.) ), and may appoint insurance consultants in relation to this review at the cost of the that Borrower.

Appears in 1 contract

Samples: Loan Agreement (Quintana Shipping Ltd.)

Review of insurance requirements. The Lender shall be entitled to review the requirements of this Clause 12 from time to time time, in order to take account of any changes in circumstances after the date of this Agreement which are, in the opinion of the Lender, Lender significant and capable of affecting the Borrower or the Ship and its insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Borrower may be subject.) and may appoint insurance consultants in relation to this review at the cost of the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

Review of insurance requirements. The Lender shall be entitled to review the requirements of this Clause 12 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 Lender, significant and capable of affecting the Borrower or the Financed Ship and its insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Borrower may be subject.) and may appoint insurance consultants in relation to this review at the cost of the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Euroseas Ltd.)

Review of insurance requirements. The Lender shall be entitled to review the requirements of this Clause 12 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 Lender, significant and capable of affecting the Borrower either Owner or the Ship owned by it and its their insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Borrower that Owner may be subject.) ), and may appoint insurance consultants in relation to this review at the cost of the Borrower.

Appears in 1 contract

Samples: Agreement (Star Bulk Carriers Corp.)

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