Trading in war zones. In the event of hostilities in any part of the world (whether war is declared or not), the Borrower shall not cause or permit the Ship to enter or trade to any zone which is declared a war zone by the Ship's war risks insurers unless:
Trading in war zones. In the event of hostilities in any part of the world (whether war is declared or not), no Borrower shall cause or permit any Ship to enter or trade to any zone which is declared a war zone by any government or by that Ship’s war risks insurers unless either:
(a) that Ship’s war risks insurers have agreed to cover such transit or trade under the annual war risks policy on terms and conditions not less restrictive than those already in place (it being understood the requirement for an additional premium does not constitute a restriction); or
(i) the prior written consent of the Security Agent acting on the instructions of the Majority Xxxxxxx has been given; and
(ii) that Borrower has (at its expense) effected any special, additional or modified insurance cover which the Security Agent acting on the instructions of the Majority Lenders may require.
Trading in war zones. In the event of hostilities in any part of the world (whether war is declared or not), the Borrower shall not cause or permit the Ship to enter or trade to any zone which is declared a war zone by the Ship's war risks insurers unless:
(a) the prior written consent of the Security Trustee acting on the instructions of the Majority Lenders has been given; and
(b) the Borrower has (at its expense) effected any special, additional or modified insurance cover which the Security Trustee acting on the instructions of the Majority Lenders may require.
Trading in war zones. In the event of hostilities in any part of the world (whether war is declared or not), the Borrowers shall not cause or permit any Ship to enter or trade to any zone which is declared a war zone by any government or by such Ship’s war risks insurers unless:
(a) the prior written consent of the Security Agent acting on the instructions of the Majority Lenders has been given, such consent not to be unreasonably withheld; and
(b) the Borrowers have (at their expense) effected any special, additional or modified insurance cover which the Security Agent acting on the instructions of the Majority Lenders may require.
Trading in war zones. In the event of hostilities in any part of the world (whether war is declared or not), no Borrower shall cause or permit any Ship to enter or trade to any zone which is declared a war zone by any government or by that Ship’s war risks insurers unless:
(a) the prior notification has been given to the Security Agent; and
(b) the Borrower has (at its expense) effected any special, additional or modified insurance cover which the insurers require to ensure that that Ship remains properly insured in accordance with the Finance Documents (including, without limitation, any requirement for the payment of additional or extra insurance premia).
Trading in war zones. In the event of hostilities in any part of the world (whether war is declared or not including, without limitation, any civil war), no Owner shall cause or permit the Ship owned by it to be employed in carrying any goods which may be declared to be contraband of war or which may render such Ship liable to confiscation, seizure, detention or destruction, nor shall that Owner permit such Ship to enter any area which is declared a war zone by any governmental authority or by such Ship’s insurers unless that employment or voyage is either (a) consented to in advance and in writing by the underwriters of such Ship’s war risks insurances and fully covered by those insurances or (b) (to the extent not covered by those insurances) covered by additional insurance taken out by that Owner at that Owner’s expense, which additional insurance shall be deemed to be part of the Insurances assigned under the General Assignment.
Trading in war zones. In the event of hostilities in any part of the world (whether war is declared or not), no Borrower shall cause or permit any Ship to enter or trade to any zone which is declared a war zone by any government or by that Ship’s war risks insurers unless:
(a) the prior written consent of the Security Agent acting on the instructions of the Facility Agent which is acting on the instructions of the Majority Lenders has been given; and
(b) the relevant Borrower has (at its expense) effected any special, additional or modified insurance cover which the Security Agent acting on the instructions of the Facility Agent which is acting on the instructions of the Majority Lenders may require.
Trading in war zones. In the event of hostilities in any part of the world (whether war is declared or not), the Drillship shall not enter, operate in or trade to any zone which is declared a war zone by any government or by the Drillship's war risks insurers unless that employment or voyage is either:
Trading in war zones. In the event of hostilities in any part of the world (whether war is declared or not), the Company shall procure that no Vessel Owner shall cause or permit any Collateral Vessel owned by it to enter or trade to any zone which is declared a war zone by any government or by that Collateral Vessel's war risks insurers unless:
(a) the prior written consent of the underwriters of that Collateral Vessel has been given; and
(b) that Vessel Owner has (at its expense) effected any special, additional or modified insurance cover (to the extent not covered by such Collateral Vessel's war risks insurances) which the underwriters of such Collateral Vessel may require.
Trading in war zones. In the event of hostilities in any part of the world (whether war is declared or not), no Guarantor shall cause or permit the Vessel owned by it to enter or trade to any zone which is declared a war zone by any government or by that Vessel’s war risks insurers unless that Guarantor has (at its expense) effected any special, additional or modified insurance cover which the Security Agent acting on the instructions of the Majority Lenders may require.
