Common use of Review of insurance requirements Clause in Contracts

Review of insurance requirements. The Agent 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 reasonable opinion of the Agent, significant and reasonably likely to affect a Borrower or a 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 Borrowers may be subject), and may appoint insurance consultants in relation to this review at the cost of the Borrowers.

Review of insurance requirements. The Agent may and, on instruction of the Majority Lenders, 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 reasonable opinion of the Agent, Agent or any Lender significant and reasonably likely to affect a Borrower capable of affecting the Borrowers or a Ship 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 Borrowers may be subject), and may appoint insurance consultants in relation to this review at the cost of the Borrowers.

Review of insurance requirements. The Agent 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 reasonable opinion of the Agent, Agent reasonably considers significant and reasonably likely to affect a Borrower or a Ship capable of affecting the Borrowers, the Ships and its or their insurance Insurances (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Borrowers each Borrower may be subject), and may appoint insurance consultants in relation to this review at the cost of the Borrowersthat Borrower.

Review of insurance requirements. The Agent 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 reasonable opinion of the AgentLenders, significant and reasonably likely to affect a capable of affecting the Borrower or a 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 Borrowers Borrower may be subject), and may appoint insurance consultants in relation to this review at the cost of the BorrowersBorrower.

Review of insurance requirements. The Agent shall be entitled to review the requirements of this Clause 13 ( Insurance ) 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, Agent reasonably considers significant and reasonably likely to affect a Borrower or a Ship capable of affecting the Borrowers, the Ships and its or their insurance Insurances (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Borrowers each Borrower may be subject), and may appoint insurance consultants in relation to this review at the cost of the Borrowersthat Borrower.

Review of insurance requirements. The Agent 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 reasonable opinion of the AgentMajority Lenders, significant and reasonably likely to affect a capable of affecting either Borrower or a 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 Borrowers may be subject), and may appoint insurance consultants in relation to this review at the cost of the Borrowers.

Review of insurance requirements. The Agent 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 arewhich, in the reasonable opinion of the Agent, are significant and reasonably likely to affect a Borrower capable of affecting the Owners (or a Ship any of them) or the Ships (or any of them) and its or their insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Borrowers Owners (or any of them) may be subject), and may appoint insurance consultants in relation to this review at the cost of the Borrowers.