Letters of undertaking. Unless otherwise approved where the Agent is satisfied that equivalent protection is afforded by the terms of the relevant Insurances and/or any applicable law and/or a letter of undertaking provided by another person, on each placing or renewal of the Insurances, the Agent shall be provided promptly with letters of undertaking in an approved form (having regard to general insurance market practice and law at the time of issue of such letter of undertaking) from the relevant brokers, insurers and associations.
Letters of undertaking. In relation to all Insurances effected from time to time under and in accordance with this clause 13, the Lessee shall ensure that all brokers and/or insurers and any protection and indemnity or war risks associations in which the Ship is entered, in each case being approved under clause 13.19, provide the Lessor with letters of undertaking:
Letters of undertaking. In relation to all Insurances effected from time to time under and in accordance with this clause 9.5.7, the Borrower shall ensure that all brokers and/or insurers and any protection and indemnity or war risks associations in which the Vessel is entered, in each case being approved under clause 9.5.18, provide the Agent with letters of undertaking:
Letters of undertaking. Each Shipowner shall procure that the Approved Brokers and any protection and indemnity or war risks association in which its Ship may from time to time be entered shall deliver to the Security Agent a letter or letters of undertaking in such form as the Security Agent may reasonably require having regard to the then current market practice and the practices prescribed by the IGA or any successor association or body and/or the Lloyds Insurance Brokers' Committees and/or any other professional association of which the Approved Brokers are members.
Letters of undertaking. Unless otherwise approved where the Security Agent is satisfied that equivalent protection is afforded by the terms of the relevant Insurances and/or any applicable law and/or a letter of undertaking provided by another person, on each placing or renewal of the Insurances, the Security Agent (with copy to the Administrative Agent) shall be provided promptly and, in any event, within 60 days after the relevant Utilization, with letters of undertaking in an approved form (having regard to general insurance market practice and law at the time of issue of such letter of undertaking) from the relevant brokers, insurers and associations.
Letters of undertaking. Duly executed Letters of Undertakings issued by the insurers and/or brokers;
Letters of undertaking. In relation to all obligatory insurances effected from time to time under Clause 13.2 (Maintenance of obligatory insurances), the Owners shall ensure that all brokers and any protection and indemnity or war risks associations in which any Ship is entered, in each case being approved by the Security Trustee (such approval not to be unreasonably withheld), provide the Security Trustee with letters of undertaking:
Letters of undertaking. 16. The marine insurance broker placing the marine and war risk hull and machinery insurance shall furnish the Collateral Agent with a letter of undertaking containing terms and subject to such conditions as are customary in the New York market and agreeing, either in its own name or by causing the policies to be appropriately endorsed, as appropriate:
Letters of undertaking. Unless otherwise approved where the Lender is satisfied that equivalent protection is afforded by the terms of the relevant Insurances and Builder’s Risks Insurances and/or any applicable law and/or a letter of undertaking provided by another person, on each placing or renewal of the Insurances, the Lender shall be provided promptly with letters of undertaking in an approved form (having regard to general insurance market practice and law at the time of issue of such letter of undertaking) from the relevant brokers, insurers and associations.
Letters of undertaking. Kosmos shall use reasonable endeavours to procure from each of the insurance brokers and reinsurance brokers through whom any Insurance or Project Reinsurance has been effected or renewed (or, where no insurance broker or reinsurance broker has been appointed, each of the relevant insurers) delivers a Broker Letter Of Undertaking (“BLOU”) or similar document to the Security Agent in a form acceptable to the Security Agent (acting reasonably and in consultation with the Insurance Consultant, Kosmos and the relevant broker or insurer). Kosmos shall use its reasonable endeavours to procure that such letter is provided at disbursement and (with respect to operations or renewal) on, or as soon as practicable after, the date on which each Insurance or Project Reinsurance is issued.
