Common use of Mortgagee’s interest and additional perils insurances Clause in Contracts

Mortgagee’s interest and additional perils insurances. (a) The Security Agent shall be entitled from time to time to effect, maintain and renew a mortgagee's interest marine insurance and a mortgagee's interest additional perils insurance each in an amount of 120 per cent. of the Loan, on such terms, through such insurers and generally in such manner as the Security Agent acting on the instructions of the Majority Lenders may from time to time consider appropriate. (b) The Borrower shall, upon demand, fully indemnify the Security Agent in respect of all premiums and other documented expenses which are incurred in connection with or with a view to effecting, maintaining or renewing any insurance referred to in paragraph (a) above or dealing with, or considering, any matter arising out of any such insurance.

Mortgagee’s interest and additional perils insurances. (a) The Security Agent shall be entitled from time to time to effect, maintain and renew a mortgagee's ’s interest marine insurance and a mortgagee's ’s interest additional perils insurance each in an amount of up to 120 per cent. of the Loan, on such terms, through such insurers and generally in such manner as the Security Agent acting on the instructions of the Majority Lenders may from time to time consider appropriate. (b) The Each Borrower shall, shall upon demand, demand fully indemnify the Security Agent in respect of all premiums and other documented expenses which are incurred in connection with or with a view to effecting, maintaining or renewing any insurance referred to in paragraph (a) above or dealing with, or considering, any matter arising out of any such insurance.

Mortgagee’s interest and additional perils insurances. (a) The Security Agent shall be entitled from time to time to effect, maintain and renew a mortgagee's interest marine insurance and a mortgagee's interest additional perils insurance each in an amount of up to 120 per cent. of the Loan, on such terms, through such insurers and generally in such manner as the Security Agent acting on the instructions of the Majority Lenders may from time to time consider appropriate. (b) The Each Borrower shall, shall upon demand, demand fully indemnify the Security Agent in respect of all premiums and other documented expenses which are incurred in connection with or with a view to effecting, maintaining or renewing any insurance referred to in paragraph (a) above or dealing with, or considering, any matter arising out of any such insurance.

Mortgagee’s interest and additional perils insurances. (a) The Security Agent shall be entitled from time to time to effect, maintain and renew a mortgagee's interest marine insurance and a mortgagee's interest additional perils insurance in each case, in an amount of which equals 120 per cent. of the Loan, on such terms, through such insurers and generally in such manner as the Security Agent acting on the instructions of the Majority Lenders may from time to time consider appropriate. (b) The Borrower shall, Borrowers shall upon demand, demand fully indemnify the Security Agent in respect of all premiums and other documented expenses which are incurred in connection with or with a view to effecting, maintaining or renewing any insurance referred to in paragraph (a) above or dealing with, or considering, any matter arising out of any such insurance.

Mortgagee’s interest and additional perils insurances. (a) The Security Agent shall be entitled from time to time to effect, maintain and renew a mortgagee's ’s interest marine insurance and a mortgagee's ’s interest additional perils insurance in each case, in an amount of 120 which equals 110 per cent. of the Loan, on such terms, through such insurers and generally in such manner as the Security Agent acting on the instructions of the Majority Lenders may from time to time consider appropriate. (b) The Borrower shall, shall upon demand, demand fully indemnify the Security Agent in respect of all premiums and other documented expenses which are incurred in connection with or with a view to effecting, maintaining or renewing any insurance referred to in paragraph (a) above or dealing with, or considering, any matter arising out of any such insurance.. ​

Mortgagee’s interest and additional perils insurances. (a) The Security Agent shall be entitled from time to time to effect, maintain and renew a mortgagee's interest marine insurance and a mortgagee's interest additional perils insurance each in an amount of 120 per cent. of the Loansuch amounts, on such terms, for such value, through such insurers and generally in such manner as the Security Agent acting on the instructions of the Majority Lenders may from time to time consider appropriate. (b) The Borrower shall, Borrowers shall upon demand, demand fully indemnify the Security Agent in respect of all premiums and other documented expenses which are incurred in connection with or with a view to effecting, maintaining or renewing any insurance referred to in paragraph (a) above with cover of up to the total amount insured under the Borrowers' Insurances or dealing with, or considering, any matter arising out of any such insurance.

Mortgagee’s interest and additional perils insurances. (a) The Security Agent shall be entitled from time to time to effect, maintain and renew a mortgagee's interest marine insurance and a mortgagee's interest additional perils insurance in each case in an amount of 120 equal to 110 per cent. of the Loan, on such terms, through such insurers and generally in such manner as the Security Agent acting on the instructions of the Majority Lenders may from time to time consider appropriate. (b) The Borrower shall, Borrowers shall upon demand, demand fully indemnify the Security Agent in respect of all premiums and other documented expenses which are incurred in connection with or with a view to effecting, maintaining or renewing any insurance referred to in paragraph (a) above or dealing with, or considering, any matter arising out of any such insurance.

Mortgagee’s interest and additional perils insurances. (a) The Security Agent shall be entitled from time to time to effect, maintain and renew a mortgagee's interest marine insurance and a mortgagee's interest additional perils insurance in each case, in an amount of which equals 120 per cent. of the Loan, on such terms, through such insurers and generally in such manner as the Security Agent acting on the instructions of the Majority Lenders may reasonably from time to time consider appropriate. (b) The Borrower shall, Borrowers shall upon demand, demand fully indemnify the Security Agent in respect of all premiums and other documented expenses which are incurred in connection with or with a view to effecting, maintaining or renewing any insurance referred to in paragraph (a) above or dealing with, or considering, any matter arising out of any such insurance.

Mortgagee’s interest and additional perils insurances. (a) The Security Agent shall be entitled from time to time to effect, maintain and renew a mortgagee's interest marine insurance and a mortgagee's interest additional perils insurance in respect of each Ship in an amount of 120 per cent. of the Loaneach case, in such amounts, on such terms, for such value, through such insurers and generally in such manner as the Security Agent acting on the instructions of the Majority Lenders may from time to time consider appropriate. (b) The Borrower shall, Borrowers shall upon demand, demand fully indemnify the Security Agent in respect of all premiums and other documented expenses which are incurred in connection with or with a view to effecting, maintaining or renewing any insurance referred to in paragraph (a) above with cover of up to the total amount insured under the Borrowers' Insurances or dealing with, or considering, any matter arising out of any such insurance.

Mortgagee’s interest and additional perils insurances. (a) The Security Agent Lender shall be entitled from time to time to effect, maintain and renew a mortgagee's ’s interest marine insurance and a mortgagee's ’s interest additional perils insurance in respect of the Ship, each in an amount of 120 no greater than 110 per cent. of the Loan, on such terms, through such insurers and generally in such manner as the Security Agent acting on the instructions of the Majority Lenders Lender may from time to time consider appropriate. (b) The Borrower shall, shall upon demand, demand fully indemnify the Security Agent Lender in respect of all premiums and other documented expenses which are incurred in connection with or with a view to effecting, maintaining or renewing any insurance referred to in paragraph (a) above or dealing with, or considering, any matter arising out of any such insurance.

Mortgagee’s interest and additional perils insurances. (a) The Security Agent shall be entitled from time to time to effect, maintain and renew a mortgagee's ’s interest marine insurance and a mortgagee's ’s interest additional perils insurance each in an amount of 120 per cent. of the Loansuch amounts, on such terms, through such insurers and generally in such manner as the Security Agent acting on the instructions of the Majority Lenders may reasonably from time to time consider appropriate. (b) The Borrower shall, Borrowers shall upon demand, demand fully indemnify the Security Agent in respect of all premiums and other documented expenses which are incurred in connection with or with a view to effecting, maintaining or renewing any insurance referred to in paragraph (a) above or dealing with, or considering, any matter arising out of any such insurance.

Mortgagee’s interest and additional perils insurances. (a) The Security Agent Lender shall be entitled from time to time to effect, maintain and renew a mortgagee's interest marine insurance and a mortgagee's interest additional perils insurance each in an amount of equal to 120 per cent. of the Loan, on such terms, through such insurers and generally in such manner as the Security Agent acting on the instructions of the Majority Lenders Lender may from time to time consider appropriate. (b) The Borrower shall, Borrowers shall upon demand, demand fully indemnify the Security Agent Lender in respect of all premiums and other documented expenses which are incurred in connection with or with a view to effecting, maintaining or renewing any insurance referred to in paragraph (a) above or dealing with, or considering, any matter arising out of any such insurance.

Mortgagee’s interest and additional perils insurances. (a) The Security Agent shall be entitled from time to time to effect, maintain and renew a mortgagee's ’s interest marine insurance and a mortgagee's ’s interest additional perils insurance each in an amount of up to 120 per cent. , of the Loan, on such terms, through such insurers and generally in such manner as the Security Agent acting on the instructions of the Majority Lenders may from time to time consider appropriate. (b) The Borrower shall, Borrowers shall upon demand, demand fully indemnify the Security Agent in respect of all premiums and other documented expenses which are incurred in connection with or with a view to effecting, maintaining or renewing any insurance referred to in paragraph (a) above or dealing with, or considering, any matter arising out of any such insurance.

Mortgagee’s interest and additional perils insurances. (a) The Security Agent Lender shall be entitled from time to time to effect, maintain and renew a mortgagee's interest marine insurance and a mortgagee's interest additional perils insurance each in an amount of not less than 120 per cent. of the LoanLoan and mortgagee's additional perils insurance in an amount acceptable to the Lender, on such terms, through such insurers and generally in such manner as the Security Agent acting on the instructions of the Majority Lenders Lender may from time to time consider appropriate. (b) The Borrower shall, Borrowers shall upon demand, demand fully indemnify the Security Agent Lender in respect of all premiums and other documented expenses which are incurred in connection with or with a view to effecting, maintaining or renewing any insurance referred to in paragraph (a) above or dealing with, or considering, any matter arising out of any such insurance.