Insurance Undertakings confirmations from the relevant P&I Club, War Risks Club, brokers/insurers confirming that Letters of Undertaking will be issued in respect of the relevant Ship in a form and substance acceptable to the Lenders in their sole discretion;
Insurance Undertakings. The Lessee hereby covenants with the Lessor and undertakes that throughout the Lease Period and thereafter, whilst the Lessee continues to have possession of the Ship, until the sale of the Ship (other than a sale to the Standby Purchaser), it will:
Insurance Undertakings. The Borrowers hereby jointly and severally undertake with the Lender that throughout the Security Period the Borrowers shall (at the expense of the Borrowers and upon such terms, in such amounts and with such Insurers as shall from time to time be approved in writing by the Lender) comply with the following provisions of this Clause 20, except as the Lender may otherwise permit:
Insurance Undertakings. The Borrower hereby undertakes with the Lender to ensure and procure that during the Security Period, at the expense of the Borrower and upon such terms, in such amounts and with such Insurers as shall from time to time be approved in writing by the Lender, the Borrower shall comply with the following provisions of this Clause 19 at all times during the Security Period:
Insurance Undertakings. (a) IP OpCo undertakes, during the term of this Agreement, to:
Insurance Undertakings. The Company shall, from the date of this deed and in accordance with the Service Agency Agreement and the Notice to Insure and so long as monies are owing under this deed:
Insurance Undertakings. 20.1 The Borrowers hereby also undertake with the Creditor Parties to comply or to ensure and procure that the Manager shall comply with the following provisions of this Clause 20.1 from the Delivery Date of each Vessel at all times during the Security Period, except as the Security Trustee may, with the authorisation of the Instructing Group otherwise permit, at the expense of the Borrowers and upon such terms and conditions, in such amounts and with such Insurers as shall from time to time be approved in writing by the Security Trustee and, if so required by the Security Trustee (but without, as between the Security Trustee and the Borrowers and/or the Manager, liability on the part of the Security Trustee for premiums or calls) with the Security Trustee named as co-assured:
Insurance Undertakings. 2.1 The Operator hereby covenants and undertakes that throughout the Grant Period it will insure and keep the Vessel insured at its own cost and expense in respect of all matters of whatsoever nature and howsoever arising in respect of which insurance would be maintained by a prudent owner of the Vessel having regard to the situation, nature and method of operation of that Vessel.
Insurance Undertakings. 22.1 General The undertakings in this Clause 22 (Insurance Undertakings) remain in force from the date of this Agreement and in the case of each Ship from the date on which a Mortgage is executed in respect of that Ship, throughout the rest of the Security Period except as the Facility Agent, acting with the authorisation of the Majority Lenders (or, where specified, all the Lenders) may otherwise permit. 22.2
Insurance Undertakings. 16.1 The Borrower must ensure and shall procure each other Obligor ensures that at all times it benefits from insurance against third party and public liability risks.
