Copies of policies; letters of undertaking Sample Clauses

Copies of policies; letters of undertaking. Each Borrower shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all cover notes and policies relating to the obligatory insurances which they are to effect or renew and of a letter or letters of undertaking in a form required by the Security Trustee and including undertakings by the approved brokers that:
Copies of policies; letters of undertaking. Each Borrower shall ensure that the Approved Brokers provide the Security Agent with:
Copies of policies; letters of undertaking. The Borrower shall procure that each Guarantor shall ensure that all approved brokers provide the Security Trustee as soon as practicable with pro forma copies of all policies relating to the obligatory insurances which have been effected or renewed and of a letter or letters or undertaking in a form required by the Security Trustee and that:
Copies of policies; letters of undertaking. In respect of each Ship, the Borrowers shall ensure that the Approved Brokers provide the Security Agent with:
Copies of policies; letters of undertaking. Each Guarantor shall ensure that the approved brokers provide the Security Trustee with:
Copies of policies; letters of undertaking. Each Borrower shall, in respect of the Ship owned by it, ensure that the Approved Brokers provide the Security Agent with:
Copies of policies; letters of undertaking. The Borrower shall ensure that all approved brokers provide the Security Trustee with a letter or letters of undertaking in a form required by the Majority Lenders and including undertakings by the approved brokers that:
Copies of policies; letters of undertaking. Each Borrower shall ensure that the Approved Brokers provide the Security Agent, upon the Security Agent’s request (acting on the instructions of the Facility Agent acting on the instructions of the Majority Lenders), with:
Copies of policies; letters of undertaking. Each Borrower shall ensure that all approved brokers provide the Security Trustee with copies of all policies relating to the obligatory insurances which they effect or renew and of a letter or letters or undertaking in a form required by the Lenders and including undertakings by the approved brokers that: they will have endorsed on each policy, immediately upon issue, a loss payable clause and a notice of assignment complying with the provisions of Clause 13.4; they will hold such policies, and the benefit of such insurances, to the order of the Security Trustee in accordance with the said loss payable clause; they will advise the Security Trustee immediately of any material change to the terms of the obligatory insurances; they will notify the Security Trustee, not less than 14 days before the expiry of the obligatory insurances, in the event of their not having received notice of renewal instructions from that Borrower or its agents and, in the event of their receiving instructions to renew, they will promptly notify the Security Trustee of the terms of the instructions; and they will not set off against any sum recoverable in respect of a claim relating to the Ship owned by it under such obligatory insurances any premiums or other amounts due to them or any other person whether in respect of that Ship or otherwise, they waive any lien on the policies or, any sums received under them, which they might have in respect of such premiums or other amounts, and they will not cancel such obligatory insurances by reason of non-payment of such premiums or other amounts, and will arrange for a separate policy to be issued in respect of that Ship forthwith upon being so requested by the Security Trustee.
Copies of policies; letters of undertaking. Each Shipowner shall ensure that all approved brokers provide the Common Security Agent or relevant Existing Security Agent, as applicable, with pro forma copies of all policies and cover 200 notes relating to the obligatory insurances which they are to affect or renew and of a letter or letters or undertaking in a form required by the Common Security Agent or relevant Existing Security Agent, as applicable, and including undertakings by the approved brokers that: