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

Copies of policies; letters of undertaking. The Owner shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew and of a letter or letters of undertaking in a form required by the Security Trustee including undertakings by the approved brokers that:

Copies of policies; letters of undertaking. The Owner Each Borrower shall ensure that all approved insurance brokers provide the Security Trustee with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew and of a letter or letters of or undertaking in a form required by the Security Trustee and including undertakings by the 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 13.4;

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

Copies of policies; letters of undertaking. The Borrower shall procure that each Owner shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew and of a letter or letters of or undertaking in a form required by the Security Trustee including undertakings by the approved brokers that:which is customary in major marine insurance markets.