Common use of Copies of policies; letters of undertaking Clause in Contracts

Copies of policies; letters of undertaking. Each Borrower shall ensure that the Approved Brokers provide the Security Agent with: (a) pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew; and (b) a letter or letters or undertaking in a form required by the Facility Agent and including undertakings by the Approved Brokers that:

Appears in 5 contracts

Sources: Loan Agreement (Ardmore Shipping Corp), Loan Agreement (Ardmore Shipping Corp), Term Loan Facility (Ardmore Shipping Corp)

Copies of policies; letters of undertaking. Each The Borrower shall ensure that the Approved Brokers all approved brokers provide the Security Agent with: (a) Trustee with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew; and (b) renew and of a letter or letters or undertaking in a form reasonably required by the Facility Agent and including undertakings by the Approved Brokers that:Agent.

Appears in 2 contracts

Sources: Amending and Restating Agreement, Amending and Restating Agreement (Golar LNG Partners LP)

Copies of policies; letters of undertaking. Each The Borrower shall use its best endeavours to ensure that the Approved Brokers all approved brokers provide the Security Agent with: (a) Trustee with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew; and (b) renew and of a letter or letters or undertaking substantially in a the form required by the Facility Agent Security Trustee and including undertakings by the Approved Brokers approved brokers that:

Appears in 2 contracts

Sources: Loan Agreement (Product Shipping Ltd.), Loan Agreement (Product Shipping Ltd.)

Copies of policies; letters of undertaking. Each Borrower shall ensure that the Approved Brokers all approved brokers provide the Security Agent with: (a) Trustee with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew; and (b) renew and of a letter or letters or of undertaking in a form required by the Facility Agent Security Trustee and including undertakings by the Approved Brokers approved brokers that: (a) they will have endorsed on each policy, immediately upon issue, a loss payable clause and a notice of assignment complying with the provisions of Clause

Appears in 2 contracts

Sources: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Diana Shipping Inc.)

Copies of policies; letters of undertaking. Each The Borrower shall procure that each Owner shall ensure that the Approved Brokers all approved brokers provide the Security Agent with: (a) with pro forma copies of all policies relating to the relevant obligatory insurances which they are to effect or renew; and (b) renew and of a letter or letters or undertaking addressed to the Security Trustee and in a the form required by customary for the Facility Agent and including undertakings by the Approved Brokers that:market from time to time.

Appears in 2 contracts

Sources: Loan Agreement (Seacastle Inc.), Amending and Restating Agreement (Seacastle Inc.)

Copies of policies; letters of undertaking. Each Borrower shall ensure that the Approved Brokers provide the Security Agent upon its request with: (a) pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew; and (b) a letter or letters or undertaking in a form required by the Facility Agent and including undertakings by the Approved Brokers that:

Appears in 1 contract

Sources: Facility Agreement (Globus Maritime LTD)