Insurance assignment Clause Samples

Insurance assignment. 5.1 By way of security for the aggregate of the Loan and interest accrued and accruing thereon, the Expenses (as such term is defined in the General Assignment), the Master Swap Agreement Liabilities (as such term is defined in the General Assignment) and all other sums of money from time to time owing by the Borrower to the Bank, whether actually or contingently, under the Security Documents, the Master Swap Agreement or any of them to which the Borrower is or is to be a party (the “Outstanding Indebtedness”) the Manager with full title guarantee hereby irrevocably and unconditionally assigns and agrees to assign to the Bank all of the Manager’s rights, title and interest in and to and the benefit of the Insurances. 5.2 The Manager hereby undertakes to procure that a duly completed notice in the form set out in Appendix 2 to this Letter is given to all insurers of the Ship and to procure that such notice is promptly endorsed on all policies and entries in respect of the Insurances and agrees promptly to authorise and/or instruct any broker, insurer or association with or through whom Insurances may be effected to endorse on any policy or entry or otherwise to give effect to such loss payable clause as may be stipulated by the Bank. 5.3 The Bank shall, at the Manager’s cost, re-assign to the Manager all the Manager’s right, title and interest in the Insurances upon the Outstanding Indebtedness being discharged in full to the satisfaction of the Bank. 5.4 Any moneys in respect of the Insurances which would (but for the assignment contained in clause 5.1 above) be payable to the Manager shall be applied in accordance with clause 2.3 of the General Assignment and/or (as the case may be) clause 2.6 of the General Assignment.

Insurance assignment. Upon the occurrence and continuation of an Event of Default, Borrower hereby assigns to Bank all sums, including without limitation, return of premiums, which may become payable under any and all of Borrower's policies of insurance and directs each insurance company issuing any such policy to make payment thereof directly to Bank.

Insurance assignment. (a) By way of security for the aggregate of the Loan and interest accrued and accruing thereon, the Expenses (as defined in the relevant Deed of Covenant) and all other sums of money from time to time owing to the Finance Parties, whether actually or contingently, under the Finance Documents or any of them (Outstanding Indebtedness) the Manager with full title guarantee hereby irrevocably and unconditionally assigns and agrees to assign to the Security Agent all of the Manager's rights, title and interest in and to all the benefit of Insurances. (b) The Manager hereby undertakes to procure that a duly completed notice in the form set out in Appendix 2 to this letter is given to all insurers of the Ship and to procure that such notice is promptly endorsed on all policies and entries in respect of the Insurances and agrees promptly to authorise and/or instruct any broker, insurer or association with or through whom Insurances may be effected to endorse on any policy or entry or otherwise to give effect to such loss payable clause as may be stipulated by the Security Agent. The Manager also undertakes to obtain a letter of acknowledgement from the insurance broker that such endorsement has been effected. (c) The Security Agent shall, with no cost for the Manager, re-assign to the Manager all the Manager's right, title and interest in the Insurances upon the Outstanding Indebtedness being discharged in full to the satisfaction of the Security Agent. (d) Any moneys in respect of the Insurances which would (but for the assignment contained in clause 5(a) above) be payable to the Manager shall be applied in accordance with clause 8.1 (Application) of the Deed of Covenants.

Insurance assignment. The fully executed and insurer-acknowledged Insurance Assignment.

Insurance assignment. In the event Lender suffers losses as the direct result of ▇▇▇▇▇▇▇▇’s, or ▇▇▇▇▇▇▇▇’s directors’ or officers’, actions that constitute fraud, gross negligence, or willful misconduct, as determined by a court of competent jurisdiction in a final, non-appealable judgment, Borrower shall assign the Side B and Side C coverage of its then in effect D&O Insurance policy to Lender. Such assignment shall be made within ten (10) business days after Borrowers receipt of a written demand by ▇▇▇▇▇▇ for such assignment.

Insurance assignment. Each Obligor, or the appropriate Obligor if blanket insurance polices are held, will cause the Lender to be shown as a loss payee, as its interest may appear, with respect to all insurance on the Property of each Obligor.

Insurance assignment. I hereby assign medical benefits of any type whatsoever arising out of any policy of insurance insuring the patient or any party liable for the patient's care to Northwest Family Medicine for application to the patient's bill.

Insurance assignment. (a) Each Additional Guarantor is hereby added as a party to the Insurance Assignment and shall be included within the term “Assignor” as used therein. Each Additional Guarantor hereby agrees to be bound by all of the terms and conditions of the Insurance Assignment, in all respects as if it were an original signatory thereto, and unconditionally, and jointly and severally with the parties thereto, grants to the Administrative Agent, for the benefit of the Secured Parties, to secure the payment and performance in full of all of the Obligations, a security interest in and to and lien on, all of its right, title and interest in and to the insurances assigned thereby. Each Additional Guarantor covenants and agrees to execute and deliver to the Administrative Agent a signature page to the Insurance Assignment to be attached thereto as provided in Section 12 of the Insurance Assignment.

Insurance assignment. 32 8.3 After Acquired Property and Further Assurances.............32 8.4 Registration...............................................32 8.5 Release of Security........................................33