Common use of Insurance Undertakings Clause in Contracts

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;

Appears in 3 contracts

Samples: Restructuring Agreement (Danaos Corp), Agreement (Danaos Corp), Danaos Corp

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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;

Appears in 1 contract

Samples: Restructuring Agreement (Danaos Corp)

Insurance Undertakings. confirmations from the relevant P&I Club, War Risks Club, Club and 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;

Appears in 1 contract

Samples: Agreement (Danaos Corp)

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 Agent in their its sole discretion;

Appears in 1 contract

Samples: Loan Agreement (Mc Shipping Inc)

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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 each of the relevant Ship Additional Second Lien Vessels in a form and substance acceptable to the Lenders in their sole discretion;

Appears in 1 contract

Samples: Danaos Corp

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