Insurance Assignments definition

Insurance Assignments means each of the first priority assignments of insurance made or to be made by (a) a Subsidiary Guarantor in favor of the Collateral Agent in respect of a Mortgaged Vessel and (b) the Company in favor of the Collateral Agent in respect of all of the Mortgaged Vessels, in each case substantially in the form of Exhibit I or otherwise reasonably satisfactory to the Administrative Agent.

Insurance Assignments means, collectively, the assignments of insurance proceeds in favor of the Collateral Agent given by the Collateral Grantors respecting all hull and machinery and loss of hire insurance covering each Collateral Vessel or its operations, as the same may be amended, restated, supplemented or modified from time to time.

Insurance Assignments means the two (2) valid and effective first legal assignments of the Insurances of the Vessels (together with the notices thereof) one (1) to be executed by each of the Owners in respect of its Vessel in favour of the Lenders and/or the Agent such assignments and notices to be in the form and on the terms and conditions agreed between the Lenders and the Borrower and as specified in paragraph 24.10 of Part I of Schedule 3;

Examples of Insurance Assignments in a sentence

• The Life Insurance Assignments in favor of Lender will be prior to all other assignments or other Liens except to the extent of any Policy Loans (as defined below).

• All right, title, and interest in, to and under the Life Insurance will, on execution of the Life Insurance Assignments by K&B, become a part of the Loan Collateral as security for the Obligations.

• On or before the Delivery Date of each of Vessel B and Vessel D, the Borrowers shall use their best efforts to arrange Charter Insurance for such Vessels on terms and through insurers acceptable to the Agent, and to provide Chart Insurance Assignments in respect thereof, duly executed by the Corporate Guarantor.

• No opinion is expressed in this paragraph as to the attachment, perfection or priority of any liens granted pursuant to the Life Insurance Assignments.

• Caskets sold outside of Wallin Funeral Homes may not be used with this package. Services must be paid 48 hours before service. When applicable, Insurance Assignments must be signed 48 hours before service. No Paid Obituaries Q ualifications to use this Special Need Package are:1.

More Definitions of Insurance Assignments

Insurance Assignments means each of the first priority assignments of insurance made or to be made by (a) a Subsidiary Guarantor in favor of the Collateral Agent in respect of a Mortgaged Vessel and (b) the Borrower in favor of the Collateral Agent in respect of all of the Mortgaged Vessels, in each case substantially in the form of Exhibit I or otherwise reasonably satisfactory to the Administrative Agent.

Insurance Assignments means the three (3) valid and effective first legal assignments of the Insurances of the Vessels (together with the notices thereof) one (1) to be executed by each of the Owners in respect of its Vessel in favour of the Agent such assignments and notices to be in the form and on the terms and conditions agreed between the Lenders and the Borrower and as specified in paragraph 26 of Schedule 3;

Insurance Assignments means, collectively, (i) the Existing Insurance Assignments and (ii) each of the first-priority assignments of insurances made or to be made by certain Borrowers and certain Philippine Charterers in favor of the Administrative Agent in respect of a Vessel and in form and substance reasonably satisfactory to the Administrative Agent.

Insurance Assignments means the first priority assignments in respect of the insurances over the Vessels to be executed by the owner thereof and, in the case of the Chartered Vessels also by the Borrower, in favor of the Security Trustee pursuant to Section 4.2(d) substantially in the form set out in Exhibit F;

Insurance Assignments means, collectively, the assignments of insurance proceeds in favor of the Junior Lien Collateral Agent given by the Collateral Grantors respecting all hull and machinery and loss of hire insurance covering each Collateral Vessel or its operations, as the same may be amended, restated, supplemented or modified from time to time.

Insurance Assignments means, with respect to any Mortgaged Vessel, the first-priority collateral assignments of insurance in favor of the Collateral Agent given by the applicable Loan Parties in respect of all insurance covering the Mortgaged Vessels or their respective operations, substantially in the form of Exhibit I hereto as the same may be amended, supplemented or modified from time to time.

Insurance Assignments means the assignments executed or to be executed in favor of the Security Trustee by (i) Trader for the insurances of M/T TRADER; (ii) Redcar for the insurances of M/V CALIFORNIA, (iii) Columbus for the insurances of M/T COLUMBUS and (iv) EGF V for the insurances on the Containers, and such other assignment of insurances in respect of any other Vessel, Aircraft or other Equipment executed in favor of the Security Trustee by the owner of such Vessel or Aircraft, each in form and substance satisfactory to the Agent, as the same may be amended, supplemented or modified from time to time;