Liability Insurance Proceeds definition
Liability Insurance Proceeds means the proceeds of the Insurances received in respect of protection and indemnity risks.
Liability Insurance Proceeds means, in respect of a Rig, the proceeds of the Insurances relating to that Rig received in respect of protection and indemnity risks;
Liability Insurance Proceeds means the proceeds of the Insurances received in respect of protection and indemnity risks and/or any third party liability placements. LIBOR means, in relation to the Loan or any part of it or any Unpaid Sum: