Insurance opinion. an opinion (at the cost of the Borrower) from insurance consultants to the Bank on the insurances effected or to be effected in respect of the Relevant Ship upon and following the drawdown of the Relevant Advance;
Appears in 2 contracts
Samples: Loan Agreement (Globus Maritime LTD), Agreement (FreeSeas Inc.)
Insurance opinion. an opinion (at the cost of the Borrower) from insurance consultants to appointed by the Bank Lender at the Borrower’s expense, on the insurances effected or to be effected in respect of the Relevant Ship upon and following satisfactory in all respects to the drawdown of the Relevant AdvanceLender;
Appears in 1 contract
Samples: Agreement (NewLead Holdings Ltd.)
Insurance opinion. an opinion (at the cost of the Borrower) from insurance consultants to the Bank on the insurances effected or to be effected in respect of the Relevant Additional Ship upon and following the drawdown of the Relevant Advance;
Appears in 1 contract
Samples: Loan Agreement (FreeSeas Inc.)
Insurance opinion. an opinion (to be provided at the cost of the Borrower’s expense) from insurance consultants acceptable to the Bank Agent, on the insurances effected or to be effected in respect of the Relevant Ship Vessel upon and following the drawdown of the Relevant AdvanceDrawdown Date;
Appears in 1 contract