Common use of Independent report Clause in Contracts

Independent report. If the Agent asks the Borrower for a detailed report from an approved independent firm of marine insurance brokers giving their opinion on the adequacy of the Insurances then the Agent shall be provided promptly with such a report at no cost to the Agent or (if the Agent obtains such a report itself) the Borrower shall reimburse the Agent for the cost of obtaining that report.

Appears in 5 contracts

Samples: Facility Agreement (GasLog Ltd.), Facility Agreement (GasLog Ltd.), Facility Agreement (GasLog Ltd.)

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Independent report. If the Agent asks the Borrower for a detailed report from an approved independent firm of marine insurance brokers giving their opinion on the adequacy of the Ship’s Insurances then the Agent shall be provided promptly with such a report at no cost to the Agent or (if the Agent obtains such a report itself) the Borrower shall reimburse the Agent for the cost of obtaining that report.

Appears in 3 contracts

Samples: Facility Agreement (Navigator Holdings Ltd.), Navigator Holdings Ltd., Navigator Holdings Ltd.

Independent report. If the Agent asks the Borrower Borrowers for a detailed report from an approved independent firm of marine insurance brokers giving their opinion on the adequacy of the Ship’s Insurances then the Agent shall be provided promptly with such a report at no cost to the Agent or (if the Agent obtains such a report itself) the Borrower Borrowers shall reimburse the Agent for the cost of obtaining that report.

Appears in 2 contracts

Samples: Facility Agreement (Navigator Holdings Ltd.), Navigator Holdings Ltd.

Independent report. If the Agent asks the Borrower for requires and obtains a detailed report from an approved independent firm of marine insurance brokers giving their opinion on the adequacy of the Ship’s Insurances then the Agent shall be provided promptly with such a report at no cost to the Agent or (if the Agent obtains such a report itself) the Borrower Borrowers shall reimburse the Agent for the cost of obtaining that report.

Appears in 1 contract

Samples: Facility Agreement (Quintana Shipping Ltd.)

Independent report. If the Agent asks the Borrower for a detailed report from an approved independent firm of marine insurance brokers giving their opinion on the adequacy of the Ship's Insurances then the Agent shall be provided promptly with such a report at no cost to the Agent or (if the Agent obtains such a report itself) the Borrower shall reimburse the Agent for the cost of obtaining that report.

Appears in 1 contract

Samples: Agreement (Navigator Holdings Ltd.)

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Independent report. If the Agent asks the Borrower for requires and obtains a detailed report from an approved independent firm of marine insurance brokers giving their opinion on the adequacy of the Ship's Insurances then the Agent shall be provided promptly with such a report at no cost to the Agent or (if the Agent obtains such a report itself) the Borrower Borrowers shall reimburse the Agent for the cost of obtaining that report.

Appears in 1 contract

Samples: DryShips Inc.

Independent report. If the Agent asks the Borrower Borrowers for a detailed report from an approved independent firm of marine insurance brokers giving their opinion on the adequacy of the Ship's Insurances then the Agent shall be provided promptly with such a report at no cost to the Agent or (if the Agent obtains such a report itself) the Borrower Borrowers shall reimburse the Agent for the cost of obtaining that report.

Appears in 1 contract

Samples: Navigator Holdings Ltd.

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