Common use of Mortgagee’s interest and additional perils insurances Clause in Contracts

Mortgagee’s interest and additional perils insurances. The Security Trustee shall be entitled from time to time to effect, maintain and renew a mortgagee’s interest additional perils insurance, a mortgagee’s political risks insurance and a mortgagee’s interest marine insurance each in an amount equal to 120 per cent. of the Loan, on such terms, through such insurers and generally in such manner as the Security Trustee may from time to time consider appropriate and the Owners shall upon demand fully indemnify the Security Trustee in respect of all premiums and other documented expenses which are incurred in connection with or with a view to effecting, maintaining or renewing any such insurance or dealing with, or considering, any matter arising out of any such insurance.

Mortgagee’s interest and additional perils insurances. The Security Trustee shall be entitled from time to time to effect, maintain and renew a mortgagee’s 's interest additional perils insurance, a mortgagee’s political risks insurance and a mortgagee’s 's interest marine insurance each in an amount equal to not more than 120 per cent. of the Loanaggregate of the Loan and the Swap Exposure of each Swap Counterparty but otherwise, on such terms, through such insurers and generally in such manner as the Security Trustee may from time to time consider appropriate and the Owners Borrowers shall upon demand fully indemnify the Security Trustee in respect of all premiums and other documented expenses which are incurred in connection with or with a view to effecting, maintaining or renewing any such insurance or dealing with, or considering, any matter arising out of any such insurance.

Mortgagee’s interest and additional perils insurances. The Security Trustee Lender shall be entitled from time to time to effect, maintain and renew a mortgagee’s 's interest additional perils insurance, a mortgagee’s 's political risks insurance and a mortgagee’s 's interest marine insurance each in an amount equal to 120 per cent. of the Loan, on such terms, through such insurers and generally in such manner as the Security Trustee Lender may from time to time consider appropriate and the Owners Borrower shall upon demand fully indemnify the Security Trustee Lender in respect of all premiums and other documented expenses which are incurred in connection with or with a view to effecting, maintaining or renewing any such insurance or dealing with, or considering, any matter arising out of any such insurance.