Mortgagee’s interest and additional perils insurances. 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 such amounts (but not exceeding 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.
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Sources: Loan Agreement (Ardmore Shipping Corp), Loan Agreement (Ardmore Shipping Corp)
Mortgagee’s interest and additional perils insurances. The Security Agent shall be entitled from time to time to effect, maintain and renew a mortgagee’s interest marine insurance insurance, in an amount which equals 110 per cent. of the Loan, and a mortgagee’s interest additional perils insurance insurance, in such amounts (but not exceeding 120 an amount which equals 100 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.
Appears in 2 contracts
Sources: Term Loan Facility (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)
Mortgagee’s interest and additional perils insurances. 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 such amounts (but being not exceeding less than: (A) 110 per cent. of the Loan if no Hedging Agreement has been entered into and (B) 120 per cent. of the Loanaggregate of the Loan and Hedging Close Out Liabilities if a Hedging Agreement has been entered into), 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.
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Sources: Facility Agreement (Okeanis Eco Tankers Corp.), Facility Agreement (Okeanis Eco Tankers Corp.)
Mortgagee’s interest and additional perils insurances. 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 such amounts (but not exceeding an amount equal to 120 per cent. , of the Loan)aggregate of (i) the Loan and (ii) any Swap Exposure, 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.
Appears in 2 contracts
Sources: Term Loan Facility (Dorian LPG Ltd.), Term Loan Facility (Dorian LPG Ltd.)
Mortgagee’s interest and additional perils insurances. 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 interest additional perils insurance insurance, in such amounts (but not exceeding 120 an amount which equals 110 per cent. of the Loan), and a mortgagee's interest additional perils insurance, in an amount which equals 100 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.
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Mortgagee’s interest and additional perils insurances. 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 such amounts (but not exceeding 120 per cent. of the Loan)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 from time to time consider appropriate.
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Mortgagee’s interest and additional perils insurances. 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 such amounts (but not exceeding 120 each case, in an amount 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.
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Mortgagee’s interest and additional perils insurances. 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 such amounts (but not exceeding 120 110 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.
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Mortgagee’s interest and additional perils insurances. 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 such amounts (but not exceeding 120 110 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.
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