Application of proceeds of Insurances. Proceeds of the Insurances for partial losses shall be applied in accordance with the Construction Risks Insurance Assignment or the Insurance Assignment (as the case may be) and/or the loss payable clause(s) endorsed on the Insurances in the form approved by the Agent and in the case of a Total Loss of the Vessel in accordance with Clause 4.5 and Clause 12.1.
Appears in 12 contracts
Samples: Loan Agreement (NCL CORP Ltd.), Loan Agreement (NCL CORP Ltd.), Loan Agreement (NCL CORP Ltd.)
Application of proceeds of Insurances. Proceeds of the Insurances for partial losses shall be applied in accordance with the Construction Risks relevant Insurance Assignment or the Insurance Assignment (as the case may be) and/or the loss payable clause(s) clause endorsed on the Insurances in the form approved by the Agent and in the case of a Total Loss of the a Vessel in accordance with Clause 4.5 4.11 and Clause 12.113.1.
Appears in 6 contracts
Samples: Facility Agreement (NCL CORP Ltd.), Facility Agreement (NCL CORP Ltd.), Facility Agreement (NCL CORP Ltd.)
Application of proceeds of Insurances. Proceeds of the Insurances for partial losses shall be applied in accordance with the Construction Risks relevant Insurance Assignment or the Insurance Assignment (as the case may be) and/or the loss payable clause(s) clause endorsed on the Insurances in the form approved by the Agent and in the case of a Total Loss of the a Vessel in accordance with Clause 4.5 4.5, Clause 5.3 and Clause 12.114.1.
Appears in 2 contracts
Samples: Facility Agreement (NCL CORP Ltd.), Facility Agreement (NCL CORP Ltd.)
Application of proceeds of Insurances. Proceeds of the Insurances for partial losses shall be applied in accordance with the Construction Risks Insurance Assignment or the Insurance Assignment (as the case may be) and/or the loss payable clause(s) clause endorsed on the Insurances in the form approved by the Paying Agent and in the case of a Total Loss of the Vessel in accordance with Clause 4.5 and Clause 12.113.1.
Appears in 1 contract
Samples: Loan Agreement (NCL CORP Ltd.)
Application of proceeds of Insurances. Proceeds of the Insurances for partial losses shall be applied in accordance with the Construction Risks relevant Insurance Assignment or the Insurance Assignment (as the case may be) and/or the loss payable clause(s) clause endorsed on the Insurances in the form approved by the Agent and in the case of a Total Loss of the a Vessel in accordance with Clause 4.5 3.11 and Clause 12.113.1.
Appears in 1 contract
