Common use of Alteration to terms of insurances Clause in Contracts

Alteration to terms of insurances. None of the Borrowers shall either make or agree to any alteration to the terms of any obligatory insurance nor waive any right relating to any obligatory insurance.

Appears in 9 contracts

Sources: Amending and Restating Deed, Amending and Restating Deed (Global Ship Lease, Inc.), Second Amending and Restating Deed (Global Ship Lease, Inc.)

Alteration to terms of insurances. None of the Borrowers Neither Borrower shall either make or agree to any alteration to the terms of any obligatory insurance nor waive any right relating to any obligatory insurance.

Appears in 8 contracts

Sources: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.)

Alteration to terms of insurances. None of the Borrowers Neither Borrower shall either make or agree to any alteration to the terms of any obligatory insurance nor waive any right relating to any obligatory insurance.

Appears in 6 contracts

Sources: Loan Agreement (Box Ships Inc.), Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Quartet Holdco Ltd.)

Alteration to terms of insurances. None of the The Borrowers shall not either make or agree to any alteration to the terms of any obligatory insurance nor waive any right relating to any obligatory insurance.

Appears in 3 contracts

Sources: Amending and Restating Agreement (TBS International PLC), Amending and Restating Agreement (TBS International PLC), Loan Agreement (TBS International LTD)