Alteration to terms of insurances. Neither Borrower shall, and shall procure that neither Borrower shall, 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: Amending and Restating Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)
Alteration to terms of insurances. Neither Borrower shall, and shall procure that neither Borrower shall, 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 2 contracts
Sources: Term Loan Facility (Castor Maritime Inc.), Loan Agreement (Scorpio Tankers Inc.)
Alteration to terms of insurances. Neither Borrower shall, and shall procure that neither Borrower shall, make or nor 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: Loan Agreement (Diana Shipping Inc.)
Alteration to terms of insurances. Neither Borrower shall, and shall procure that neither Borrower 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 1 contract
Sources: Loan Agreement (Pyxis Tankers Inc.)
Alteration to terms of insurances. Neither Borrower shall, and shall procure that neither Borrower shall, either make or agree to any material alteration to the terms of any obligatory insurance nor waive any right relating to any obligatory insurance.
Appears in 1 contract
Sources: Loan Agreement (GasLog Ltd.)