Common use of Copies of policies; letters of undertaking Clause in Contracts

Copies of policies; letters of undertaking. Each Borrower shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all 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:

Appears in 18 contracts

Samples: Loan Agreement, Loan Agreement (Global Ship Lease, Inc.), Agreement (Diana Shipping Inc.)

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Copies of policies; letters of undertaking. Each The Borrower shall procure that each Owner shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all 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 Majority Lenders and including undertakings by the approved brokers that:

Appears in 17 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement (Capital Product Partners L.P.)

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:

Appears in 15 contracts

Samples: Loan Agreement (Global Ship Lease, Inc.), Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition CORP)

Copies of policies; letters of undertaking. Each The Borrower shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew and of a letter or letters of or undertaking in a form required by the Security Trustee and including undertakings by the approved brokers that:

Appears in 13 contracts

Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (GasLog Partners LP), Loan Agreement (GasLog Partners LP)

Copies of policies; letters of undertaking. Each Borrower shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all policies and cover notes relating to the obligatory insurances which they are to effect affect or renew and of a letter or letters of or undertaking in a form required by the Security Trustee and including undertakings by the approved brokers that:

Appears in 10 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

Copies of policies; letters of undertaking. Each The Borrower shall procure that each Owner shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew and of a letter or letters of undertaking (in the event of fleet cover, together with waivers for liens for unpaid premiums of other vessels not mortgaged to the Security Trustee) in a form required by the Security Trustee and including undertakings by the approved brokers that:

Appears in 10 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)

Copies of policies; letters of undertaking. Each Borrower shall ensure that all approved brokers provide the Security Trustee Lender with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew and of a letter or letters of or undertaking in a form required by the Security Trustee Lender and including undertakings by the approved brokers that:

Appears in 10 contracts

Samples: Loan Agreement (Pyxis Tankers Inc.), Loan Agreement (Scorpio Bulkers Inc.), Loan Agreement (Quintana Shipping Ltd.)

Copies of policies; letters of undertaking. Each The Borrower shall ensure that all approved brokers provide the Security Trustee Lender with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew and of a letter or letters of or undertaking in a form required by the Security Trustee Lender and including undertakings by the approved brokers that:

Appears in 9 contracts

Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Pyxis Tankers Inc.), Agreement (DryShips Inc.)

Copies of policies; letters of undertaking. Each Borrower shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew and of a letter or letters of or undertaking in a form required by the Security Trustee Lenders and including undertakings by the approved brokers that:

Appears in 6 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)

Copies of policies; letters of undertaking. Each The Borrower shall use its best endeavours to 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:

Appears in 4 contracts

Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (EuroDry Ltd.), Loan Agreement (EuroDry Ltd.)

Copies of policies; letters of undertaking. Each Borrower Guarantor shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew and of a letter or letters of or undertaking in a form required by the Security Trustee Agent and including including, subject to customary practice in the market from time to time, undertakings by the approved brokers that:

Appears in 4 contracts

Samples: Facility Agreement (Diana Containerships Inc.), Agreement (Diana Shipping Inc.), Agreement (Diana Containerships Inc.)

Copies of policies; letters of undertaking. Each Borrower shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew and of a letter or letters of or undertaking in a form required by the Security Trustee and including undertakings by the approved brokers that:

Appears in 4 contracts

Samples: Loan Agreement, Agreement (Dynagas LNG Partners LP), Loan Agreement (GasLog Ltd.)

Copies of policies; letters of undertaking. Each Borrower shall use its best endeavours to ensure that all approved brokers provide the Security Trustee upon its request with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew and of a letter or letters of or undertaking in a form required by the Security Trustee and including undertakings by the approved brokers that:

Appears in 3 contracts

Samples: Loan Agreement (Dynagas LNG Partners LP), Loan Agreement (Dynagas LNG Partners LP), Loan Agreement

Copies of policies; letters of undertaking. Each Borrower The relevant Security Party shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew and of a letter or letters of or undertaking in a form required by the Security Trustee and including undertakings by the approved brokers that:

Appears in 3 contracts

Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)

Copies of policies; letters of undertaking. Each Borrower shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew and of a letter or letters of or undertaking in a form required by the Security Trustee Lenders and including undertakings by the approved brokers that:

Appears in 3 contracts

Samples: Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Holdings Inc.)

Copies of policies; letters of undertaking. Each The 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:

Appears in 3 contracts

Samples: Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Acquisition CORP), Agreement (Navios Maritime Holdings Inc.)

Copies of policies; letters of undertaking. Each Borrower The Borrowers shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew and of a letter or letters of or undertaking in a form required by the Security Trustee and including undertakings by the approved brokers that:

Appears in 3 contracts

Samples: Loan Agreement (TBS International PLC), Loan Agreement (TBS International PLC), Loan Agreement (TBS International LTD)

Copies of policies; letters of undertaking. Each Borrower Guarantor shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew and of a letter or letters of or undertaking in a form required by customary for the Security Trustee and including undertakings by the approved brokers that:market from time to time.

Appears in 3 contracts

Samples: Possession Credit Agreement (Eagle Bulk Shipping Inc.), Facility Agreement (Eagle Bulk Shipping Inc.), Credit Agreement (Eagle Bulk Shipping Inc.)

Copies of policies; letters of undertaking. Each Borrower shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all policies relating to the obligatory insurances which they are to effect affect or renew and of a letter or letters of or undertaking in a form required by the Security Trustee and including undertakings by the approved brokers that:

Appears in 3 contracts

Samples: Loan Agreement (Scorpio Bulkers Inc.), Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)

Copies of policies; letters of undertaking. Each Borrower Guarantor shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all policies relating to the obligatory insurances which they are to effect affect or renew and of a letter or letters of or undertaking in a form required by the Security Trustee and including undertakings by the approved brokers that:

Appears in 3 contracts

Samples: Loan Agreement (Eagle Bulk Shipping Inc.), Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)

Copies of policies; letters of undertaking. Each The Borrower shall procure that each Owner 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:

Appears in 3 contracts

Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)

Copies of policies; letters of undertaking. Each The Borrower shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew and of a letter or letters of or undertaking in a form reasonably required by the Security Trustee and including undertakings by the approved brokers that:Agent.

Appears in 2 contracts

Samples: Loan Agreement, Amending and Restating Agreement (Golar LNG Partners LP)

Copies of policies; letters of undertaking. Each The Borrower shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all 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 Majority Lenders and including undertakings by the approved brokers that:

Appears in 2 contracts

Samples: Loan Agreement (Euronav NV), Agreement (Euronav NV)

Copies of policies; letters of undertaking. Each The Borrower shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew and of a letter or letters of or undertaking in a form required by the Security Trustee Lenders and including undertakings by the approved brokers that:

Appears in 2 contracts

Samples: Loan Agreement (Navios Maritime Containers Inc.), Loan Agreement (StealthGas Inc.)

Copies of policies; letters of undertaking. Each The Borrower shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all policies and cover notes relating to the obligatory insurances which they are to effect affect or renew and of a letter or letters of or undertaking in a form required by the Security Trustee and including undertakings by the approved brokers that:

Appears in 2 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

Copies of policies; letters of undertaking. Each The Borrower shall procure that each Owner shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all 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:

Appears in 2 contracts

Samples: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp)

Copies of policies; letters of undertaking. Each The Borrower shall ensure procure that each Owner ensures that 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:

Appears in 2 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition Corp)

Copies of policies; letters of undertaking. Each The Borrower shall procure that each Owner shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew and of a letter or letters of or undertaking in a form required by the Security Trustee and including undertakings in their standard approved format issued by the approved brokers that:

Appears in 2 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)

Copies of policies; letters of undertaking. Each Borrower shall ensure that all approved insurance brokers provide the Security Trustee with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew and of a letter or letters of or undertaking in a form required by the Security Trustee and including undertakings by the approved brokers that:

Appears in 2 contracts

Samples: Agreement (Scorpio Bulkers Inc.), Agreement (Scorpio Tankers Inc.)

Copies of policies; letters of undertaking. Each The Borrower shall procure that each Owner shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew and of with a letter or letters of undertaking in a form required by the Security Trustee and including undertakings by the approved brokers that:

Appears in 2 contracts

Samples: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp)

Copies of policies; letters of undertaking. Each The Borrower shall procure that the Owner 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:

Appears in 2 contracts

Samples: Agreement (Capital Product Partners L.P.), Agreement (Capital Product Partners L.P.)

Copies of policies; letters of undertaking. Each Borrower Owner shall use its best endeavours to ensure that all approved brokers provide the Security Trustee with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew and of a letter or letters of or undertaking substantially in a the form required by the Security Trustee and including undertakings by the approved brokers that:

Appears in 2 contracts

Samples: Agreement, Loan Agreement (Product Shipping Ltd.)

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Copies of policies; letters of undertaking. Each Borrower shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew and of a letter or letters of or undertaking in a form required by the Security Trustee Agent and including undertakings by the approved brokers that:

Appears in 2 contracts

Samples: Agreement (NewLead Holdings Ltd.), Agreement (NewLead Holdings Ltd.)

Copies of policies; letters of undertaking. Each Borrower shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all 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 Majority Lenders and including undertakings by the approved brokers that:

Appears in 2 contracts

Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)

Copies of policies; letters of undertaking. Each The Borrower shall use its best endeavours to ensure that all approved brokers provide the Security Trustee with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew and of a letter or letters of or undertaking substantially in a the form required by the Security Trustee and including undertakings by the approved brokers that:

Appears in 2 contracts

Samples: Loan Agreement (Product Shipping Ltd.), Loan Agreement (Product Shipping Ltd.)

Copies of policies; letters of undertaking. Each The Borrower shall or shall procure that each Owner shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all 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:

Appears in 2 contracts

Samples: Agreement (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Acquisition CORP)

Copies of policies; letters of undertaking. Each The Borrower shall procure that each Owner shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew and of with a letter or letters of undertaking in a form required approved by the Security Trustee and including undertakings by the approved brokers that:

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Copies of policies; letters of undertaking. Each The Borrower shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew and of a letter or letters of or undertaking in a form required by the Security Trustee and including undertakings by the approved brokers that:

Appears in 1 contract

Samples: Loan Agreement (EuroDry Ltd.)

Copies of policies; letters of undertaking. Each The Borrower shall procure that the Owner shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all 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 Majority Lenders and including undertakings by the approved brokers that:

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Copies of policies; letters of undertaking. Each The Borrower shall procure that each Owner shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew and of a letter or letters of or undertaking in a form required by the Security Trustee and including undertakings by the approved brokers that:which is customary in major marine insurance markets.

Appears in 1 contract

Samples: Loan Agreement (Costamare Partners LP)

Copies of policies; letters of undertaking. Each Borrower 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 they are to effect have been effected or renew renewed and of a letter or letters of or undertaking in a form required by the Security Trustee and including undertakings by the approved brokers that:

Appears in 1 contract

Samples: Agreement (Navios Maritime Partners L.P.)

Copies of policies; letters of undertaking. Each Borrower The Borrowers shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew and of a letter or letters of or undertaking in a form required by the Security Trustee and including undertakings by the approved brokers that:

Appears in 1 contract

Samples: Loan Agreement (Euroseas Ltd.)

Copies of policies; letters of undertaking. Each Borrower shall ensure that all approved brokers provide the Security Trustee is provided as soon as practicable with pro forma copies of all policies relating to the obligatory insurances which they are to effect have been effected or renew renewed and of a letter or letters of or undertaking in a form required by the Security Trustee and including undertakings by the approved brokers that:

Appears in 1 contract

Samples: Agreement (Navios Maritime Containers Inc.)

Copies of policies; letters of undertaking. Each Borrower shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew and of a letter or letters of or undertaking in a form required by the Security Trustee Majority Lenders and including undertakings by the approved brokers that:

Appears in 1 contract

Samples: Dynagas LNG Partners LP

Copies of policies; letters of undertaking. Each The Borrower shall procure that each Owner shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew and of a letter or letters of or undertaking in a form required by the Security Trustee and including undertakings by the approved brokers that:

Appears in 1 contract

Samples: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.)

Copies of policies; letters of undertaking. Each The Borrower shall procure that each Owner shall ensure that all approved insurance brokers provide the Security Trustee with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew and of a letter or letters of or undertaking in a form required by the Security Trustee and including undertakings by the approved brokers that:

Appears in 1 contract

Samples: Loan Agreement (Scorpio Bulkers Inc.)

Copies of policies; letters of undertaking. Each Borrower The Owner shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all 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:

Appears in 1 contract

Samples: Loan Agreement (TBS International LTD)

Copies of policies; letters of undertaking. Each Borrower It shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew and of a letter or letters of or undertaking in a form required by the Security Trustee and including undertakings by the approved brokers that:

Appears in 1 contract

Samples: Loan Agreement (Mc Shipping Inc)

Copies of policies; letters of undertaking. Each Borrower shall ensure that all approved brokers provide the Security Trustee Agent with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew and of a letter or letters of or undertaking in a form required by the Security Trustee Agent and including undertakings by the approved brokers that:

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Partners L.P.)

Copies of policies; letters of undertaking. Each The Borrower shall procure that each Owner shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew and of with a letter or letters of or undertaking in a form required by the Security Trustee which is customary in major marine insurance markets and including undertakings by the approved brokers that:

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Copies of policies; letters of undertaking. Each Borrower The Borrowers shall ensure that all approved brokers provide the Security Trustee with pro forma copies statements detailing the intended cover of all policies relating to the obligatory insurances Insurances which they are to effect or renew and of a letter or letters of or undertaking in a form required by the Security Trustee and including undertakings by the approved brokers that:

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Copies of policies; letters of undertaking. Each The Borrower shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all 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:

Appears in 1 contract

Samples: Loan Agreement (Britannia Bulk Holdings Inc)

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