Alteration to terms of insurances. No Guarantor 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: Debtor in Possession Credit Agreement (Eagle Bulk Shipping Inc.), Second Lien Loan Agreement (Eagle Bulk Shipping Inc.), Loan Agreement (Eagle Bulk Shipping Inc.)
Alteration to terms of insurances. No Guarantor shall either make or agree to any alteration to the terms of any obligatory insurance nor waive any right relating to any obligatory insuranceinsurance which would cause that Guarantor to be in breach of this Clause 20.
Appears in 3 contracts
Sources: Subordinated Facility Agreement (Diana Shipping Inc.), Facility Agreement (Diana Containerships Inc.), Subordinated Facility Agreement (Diana Containerships Inc.)
Alteration to terms of insurances. No Guarantor shall either make or agree to any alteration to the terms of any obligatory insurance nor or waive any right relating to any obligatory insurance.
Appears in 3 contracts
Sources: Credit Agreement (DHT Holdings, Inc.), Facility Agreement (Scorpio Tankers Inc.), Credit Agreement (DHT Holdings, Inc.)
Alteration to terms of insurances. No Owner Guarantor 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 2 contracts
Sources: Loan Agreement (Dorian LPG Ltd.), Loan Agreement (Dorian LPG Ltd.)
Alteration to terms of insurances. No Guarantor shall either make or agree to any alteration to the terms of any obligatory insurance nor waive any right relating to any obligatory insuranceinsurance which would cause that Guarantor to be in breach of this Clause 22.
Appears in 1 contract
Alteration to terms of insurances. No Guarantor shall (and the Borrower shall procure that no Guarantor 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 1 contract
Sources: Credit Facility Agreement (Ship Finance International LTD)