Policies Required. Each Loan Party shall, at its own expense, keep each Collateral Vessel insured with insurers and protection and indemnity clubs or associations of internationally recognized responsibility, and placed in such markets, on such terms and conditions, and through brokers, in each case reasonably satisfactory to the Collateral Agent (it being understood that ▇▇▇▇▇ and ▇▇▇▇▇▇ are satisfactory) and under forms of policies approved by the Collateral Agent against the risks indicated below:
Appears in 2 contracts
Sources: Revolving Credit Agreement (International Seaways, Inc.), Credit Agreement (International Seaways, Inc.)