Insurances Assignment means, in respect of a Collateral Vessel, the assignment of the Obligatory Insurances granted or to be granted in favor of the Security Trustee by the relevant Vessel Owner together with any and all notices and acknowledgments entered into in connection therewith.
Insurances Assignment first priority assignment executed or to be executed by the Borrower in favour of the Agent (on behalf of the Finance Parties and the Swap Banks), whereby the Borrower assigns the benefits of all insurances taken out related to the Vessel as security for the Loans and exposure under any Swap Agreements, in the terms and form as the Agent may require.
Insurances Assignment means the first priority assignment in respect of the insurances over the Vessel, to be executed by the Borrower in favor of the Security Trustee pursuant to Section 4.1(s)(ii), substantially in the form set out in Exhibit F;
Examples of Insurances Assignment in a sentence
To execute and deliver in favor of the Security Trustee on the date which the Vessel is reflagged under the laws of another Approved Flag Jurisdiction, a Mortgage, an Earnings Assignment, Insurances Assignment and, if applicable, a Charter Assignment, and arrange for the delivery of all such documents required thereunder.
More Definitions of Insurances Assignment
Insurances Assignment means, in respect of each Vessel, an assignment of its Insurances executed or to be executed by any co-assured (other than the relevant Owner, the Commercial Manager and the relevant Technical Manager) in favour of the Bank in such form as the Bank may require in its sole discretion, and in the plural means all of them;
Insurances Assignment means the assignment in respect of the insurances over the Vessel to be executed by the Borrower in favor of the Security Agent pursuant to Section 4.2(b), substantially in the form set out in Exhibit E;
Insurances Assignment means that certain Assignment of Insurances whereby Charterer assigns to Shipowner all of its right, title and interest in, to, and under, all Policies of Insurance.
Insurances Assignment means, in respect of each Ship, an assignment of its Insurances executed or to be executed by any co-assured (other than the relevant Owner) in favour of the Security Trustee in such form as the Security Trustee may require in its sole discretion, and in the plural means all of them;
Insurances Assignment means, with respect to a Vessel, an assignment in respect of the insurances over such Vessel executed by the relevant Subsidiary Guarantor in favor of the Security Trustee in substantially the form attached hereto as Exhibit E or such other form reasonably acceptable to the Security Trustee and the Majority Lenders;
Insurances Assignment means an assignment of insurances in respect of the Vessel executed or to be executed by the Borrower in favour of the Agent on behalf of the Banks, in the terms and form as the Agent on behalf of the Banks may require.
Insurances Assignment means a deed of assignment to the Insurances executed or to be executed by the Borrower in favour of the Lender in accordance with Clause 7.1(vi);