Common use of Change in insurance requirements Clause in Contracts

Change in insurance requirements. If the Agent gives notice to the Borrower to change the terms and requirements of this clause 24 (which the Agent may only do, in such manner as it considers appropriate, as a result in changes of circumstances or practice after the date of this Agreement), this clause 24 shall be modified in the manner so notified by the Agent on the date 14 days after such notice from the Agent is received.

Change in insurance requirements. If the Agent gives notice to the Borrower to change the terms and requirements of this clause 24 23 (which the Agent may only do, in such manner as it considers appropriate, as a result in changes of circumstances or practice after the date of this Agreement), this clause 24 23 shall be modified in the manner so notified by the Agent on the date 14 days after such notice from the Agent is received.

Change in insurance requirements. If the Agent gives notice to the Borrower to change the terms and requirements of this clause 24 (which the Agent may only do, in such manner as it considers appropriate, as a result in changes of circumstances or practice after the date of this AgreementAgreement and in order to better align the terms and requirements of this clause 24 with the then current market practice within the shipping finance industry for ships of the type of the Ships), this clause 24 shall be modified in the manner so notified by the Agent on the date 14 days after such notice from the Agent is received.

Change in insurance requirements. If the Agent gives notice to the Borrower Borrowers to change the terms and requirements of this clause 24 25 (which the Agent may only do, in such manner as it considers appropriate, as a result in changes of circumstances or practice after the date of this Agreement), this clause 24 25 shall be modified in the manner so notified by the Agent on the date 14 days after such notice from the Agent is received.

Change in insurance requirements. If the Agent gives notice to the Borrower Borrowers to change the terms and requirements of this clause 24 25 (which the Agent may only do, in such manner as it considers appropriateappropriate (acting reasonably having consideration to market conditions at the relevant time), as a result in changes of circumstances or practice after the date of this Agreement), this clause 24 25 shall be modified in the manner so notified by the Agent on the date 14 days after such notice from the Agent is received.

Change in insurance requirements. If the Agent gives notice to the Borrower to change the terms and requirements of this clause 24 (which the Agent may only do, in such manner as it considers appropriateappropriate (acting reasonably having consideration to market conditions at the relevant time), as a result in changes of circumstances or practice after the date of this Agreement), this clause 24 shall be modified in the manner so notified by the Agent on the date 14 days after such notice from the Agent is received.