Insurance opinion. an opinion from insurance consultants to the Agent at the cost of the Borrower on the Insurances effected or to be effected in respect of the Ship upon and following the Drawdown Date;
Appears in 2 contracts
Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (DryShips Inc.)
Insurance opinion. an opinion from insurance consultants to the Facility Agent at the cost of the relevant Borrower on the Insurances effected or to be effected in respect of the such Ship upon and following the relevant Drawdown Date;
Appears in 2 contracts
Samples: Agreement (Paragon Shipping Inc.), Credit Agreement (DryShips Inc.)
Insurance opinion. an opinion from (at the expense of the Borrower) of insurance consultants to the Agent at the cost of the Borrower Bank on the Insurances insurances effected or to be effected in respect of the Ship upon and following the Drawdown Date;
Appears in 1 contract
Samples: Loan Agreement (DryShips Inc.)
Insurance opinion. an opinion from insurance consultants to appointed by the Agent at the cost of the Borrower on the Insurances insurances effected or to be effected in respect of the each Ship upon and following the Drawdown Date, the cost of which opinion shall be borne by the Borrower;
Appears in 1 contract
Insurance opinion. an opinion from insurance consultants to the Agent at the cost of the Borrower Borrowers on the Insurances effected or to be effected in respect of the Relevant Ship upon and following the Drawdown DateDate of the Relevant Advance;
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