Common use of Insurance opinion Clause in Contracts

Insurance opinion. an opinion from insurance consultants to the Agent, on the insurances effected or to be effected in respect of the Relevant Ship, confirming that the Relevant Ship is insured on terms approved by the Agent (acting on the instructions of the Banks); and

Appears in 2 contracts

Samples: Loan Agreement (StealthGas Inc.), Loan Agreement (StealthGas Inc.)

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Insurance opinion. an opinion from insurance consultants to the AgentAgent in form and substance satisfactory to the Agent and made at the cost and expense of the Borrowers, on the insurances effected or to be effected in respect of the Relevant Ship, confirming that Ship to which the Relevant Ship is insured on terms approved by Advance relates, upon and following the Agent (acting on the instructions Delivery Date of the Banks); andsuch Ship;

Appears in 2 contracts

Samples: Facility Agreement (Costamare Partners LP), Facility Agreement (Costamare Partners LP)

Insurance opinion. an opinion from insurance consultants to the Agent, Agent on the insurances effected or to be effected in respect of the Relevant Ship, confirming that Ships upon and following the Relevant Ship is insured on terms approved by the Agent (acting on the instructions relevant Drawdown Date of the Banks); andRefinancing Tranche in form and substance satisfactory to the Agent;

Appears in 1 contract

Samples: Agreement (Diana Containerships Inc.)

Insurance opinion. an opinion from insurance consultants to the Agent, Agent on the insurances effected or to be effected in respect of the Relevant Ship, confirming that Ship upon and following the relevant Drawdown Date of the Relevant Ship is insured on terms approved by Advance in form and substance satisfactory to the Agent (acting on the instructions of the Banks); andAgent;

Appears in 1 contract

Samples: Agreement (Diana Containerships Inc.)

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Insurance opinion. an opinion opinion, in a form and substance acceptable to the Creditors, from insurance consultants to appointed by the Facility Agent, on the insurances effected or to be effected in respect of the Relevant Ship, confirming that Ship upon and following the Relevant Ship is insured on terms approved by the Agent (acting on the instructions of the Banks); andDelivery Date;

Appears in 1 contract

Samples: Restructuring Agreement (Danaos Corp)

Insurance opinion. an opinion from insurance consultants to the AgentAgent in form and substance satisfactory to the Agent and made at the cost and expense of the Borrower, on the insurances effected or to be effected in respect of the Relevant Ship, confirming that Collateral Vessel to which the Relevant Ship is insured on terms approved by Advance relates, upon and following the Agent (acting on the instructions Delivery Date of the Banks); andsuch Collateral Vessel;

Appears in 1 contract

Samples: Credit Agreement (Scorpio Bulkers Inc.)

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