Common use of Payment of Premiums Clause in Contracts

Payment of Premiums. Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

Appears in 37 contracts

Samples: Loan Agreement (Global Ship Lease, Inc.), Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition CORP)

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Payment of Premiums. Each The Borrower shall procure that each Owner shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

Appears in 30 contracts

Samples: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.), Loan Agreement, Loan Agreement

Payment of Premiums. Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

Appears in 25 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

Payment of Premiums. Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Facility Agent or the Security TrusteeAgent.

Appears in 17 contracts

Samples: Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.), Facilities Agreement (Ardmore Shipping Corp)

Payment of Premiums. Each The Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

Appears in 16 contracts

Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (Navios Maritime Containers Inc.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

Payment of Premiums. Each The Borrower shall procure that each Owner shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security TrusteeLender.

Appears in 12 contracts

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.)

Payment of Premiums. Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security TrusteeLender.

Appears in 9 contracts

Samples: Facility Agreement (Seanergy Maritime Holdings Corp.), Facility Agreement (Castor Maritime Inc.), Management Agreement (Diana Shipping Inc.)

Payment of Premiums. Each The Borrower shall procure that the Owner shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security TrusteeLender.

Appears in 9 contracts

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement, Agreement (Paragon Shipping Inc.)

Payment of Premiums. Each The Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

Appears in 9 contracts

Samples: Loan Agreement (EuroDry Ltd.), Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Acquisition CORP)

Payment of Premiums. Each The Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security TrusteeLender.

Appears in 8 contracts

Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Pyxis Tankers Inc.), Loan Agreement (Poseidon Containers Holdings Corp.)

Payment of Premiums. Each The Borrower shall procure that each Owner shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

Appears in 7 contracts

Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)

Payment of Premiums. Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security TrusteeLender.

Appears in 7 contracts

Samples: Loan Agreement (Pyxis Tankers Inc.), Agreement (Diana Shipping Inc.), Loan Agreement (DryShips Inc.)

Payment of Premiums. Each The Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security TrusteeLender.

Appears in 6 contracts

Samples: Loan Agreement (Quintana Shipping Ltd.), Loan Agreement (Euroseas Ltd.), Loan Agreement (Euroseas Ltd.)

Payment of Premiums. Each The Borrower shall punctually pay all premiums premiums, calls or other sums payable in respect of the obligatory insurances effected by it Insurances and produce all relevant receipts when so required by the Security TrusteeAgent.

Appears in 6 contracts

Samples: Agreement (Hoegh LNG Partners LP), Agreement (Hoegh LNG Partners LP), Facility Agreement (Hoegh LNG Partners LP)

Payment of Premiums. Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Facility Agent or the Security TrusteeAgent.

Appears in 4 contracts

Samples: Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.), Banks and Financial Institutions (Okeanis Eco Tankers Corp.)

Payment of Premiums. Each Borrower The Borrowers shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

Appears in 3 contracts

Samples: Loan Agreement (TBS International PLC), Loan Agreement (TBS International PLC), Loan Agreement (TBS International LTD)

Payment of Premiums. Each The Borrower shall procure that each Owner shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected affected by it and produce all relevant receipts when so required by the Security TrusteeLender.

Appears in 3 contracts

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

Payment of Premiums. Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Facility Agent (acting on the instructions of the Majority Lenders) or the Security TrusteeAgent (acting on the instructions of the Facility Agent acting on the instructions of the Majority Lenders).

Appears in 3 contracts

Samples: Facility Agreement (United Maritime Corp), Facility Agreement (United Maritime Corp), Junior Facility Agreement (Global Ship Lease, Inc.)

Payment of Premiums. Each The Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trusteeinsurances.

Appears in 3 contracts

Samples: Loan Agreement (Product Shipping Ltd.), Loan Agreement (Product Shipping Ltd.), Loan Agreement (Product Shipping Ltd.)

Payment of Premiums. Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security TrusteeAgent.

Appears in 2 contracts

Samples: Agreement (NewLead Holdings Ltd.), Agreement (NewLead Holdings Ltd.)

Payment of Premiums. Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it that Borrower and produce all relevant receipts when so required by the Security Trustee.

Appears in 2 contracts

Samples: Agreement (Scorpio Bulkers Inc.), Agreement (Scorpio Tankers Inc.)

Payment of Premiums. Each The Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security TrusteeAgent.

Appears in 2 contracts

Samples: Loan Agreement, Amending and Restating Agreement (Golar LNG Partners LP)

Payment of Premiums. Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it terms and conditions, and produce all relevant receipts when so required by the Security Trustee.

Appears in 2 contracts

Samples: Agreement (Navios Maritime Partners L.P.), Agreement (Navios Maritime Containers Inc.)

Payment of Premiums. Each Borrower shall, and shall procure that the Collateral Owner shall, punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security TrusteeLender.

Appears in 2 contracts

Samples: Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)

Payment of Premiums. Each The Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Facility Agent or the Security TrusteeAgent.

Appears in 2 contracts

Samples: Assignment Agreement (Euroseas Ltd.), Facility Agreement (Okeanis Eco Tankers Corp.)

Payment of Premiums. Each The Borrower shall procure that the Owner shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security TrusteeLender.

Appears in 2 contracts

Samples: Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Tsakos Energy Navigation LTD)

Payment of Premiums. Each The Borrower shall procure that each Owner shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected affected by it and produce all relevant receipts when so required by the Security Trustee.

Appears in 2 contracts

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

Payment of Premiums. Each The Borrower shall or shall procure that each Owner shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

Appears in 2 contracts

Samples: Agreement (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Acquisition CORP)

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Payment of Premiums. Each The Borrower shall punctually pay ensure that all premiums or other sums payable of money from time to time due in respect of the obligatory insurances effected by it are paid in full and produce all relevant receipts when so required by the Security Trustee.

Appears in 2 contracts

Samples: Loan Agreement (Britannia Bulk PLC), Loan Agreement (Britannia Bulk Holdings Inc)

Payment of Premiums. Each Borrower The Borrowers shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Facility Agent or the Security TrusteeAgent.

Appears in 2 contracts

Samples: Assignment Agreement (Ardmore Shipping Corp), Facility Agreement (Ardmore Shipping Corp)

Payment of Premiums. Each The Borrower shall procure that each Owner punctually pay pays all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

Appears in 2 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition Corp)

Payment of Premiums. Each The Borrower shall procure that the Owner shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

Appears in 2 contracts

Samples: Agreement (Capital Product Partners L.P.), Agreement (Capital Product Partners L.P.)

Payment of Premiums. Each The Borrower shall procure that each Owner shall punctually pay all premiums or other sums payable in respect of the relevant obligatory insurances effected by it and produce all relevant receipts when so required by the Security TrusteeAgent.

Appears in 2 contracts

Samples: Loan Agreement (Seacastle Inc.), Loan Agreement (Seacastle Inc.)

Payment of Premiums. Each The Borrower shall punctually pay all premiums premiums, calls or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security TrusteeLender.

Appears in 2 contracts

Samples: Agreement (Grindrod Shipping Holdings Ltd.), Agreement (Grindrod Shipping Holdings Ltd.)

Payment of Premiums. Each The Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so reasonably required by the Security TrusteeLender.

Appears in 1 contract

Samples: Facility Agreement (SAVVIS, Inc.)

Payment of Premiums. Each The Borrower shall procure that the Owner shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Payment of Premiums. Each Borrower The Borrowers shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (Euroseas Ltd.)

Payment of Premiums. Each Borrower It shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (Mc Shipping Inc)

Payment of Premiums. Each The relevant Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Payment of Premiums. Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.,

Appears in 1 contract

Samples: Loan Agreement (Star Bulk Carriers Corp.)

Payment of Premiums. Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security TrusteeAgent.

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Partners L.P.)

Payment of Premiums. Each The Borrower shall punctually pay ensure that all premiums or other sums payable of money from time to time due in respect of the any obligatory insurances effected by it are paid in full and produce all relevant receipts when so required by the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (Britannia Bulk Holdings Inc)

Payment of Premiums. Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce certified copies of all relevant receipts when so required by the Security TrusteeAgent.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Partners L.P.)

Payment of Premiums. Each The Borrower shall procure that the Owner shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security TrusteeLenders.

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Payment of Premiums. Each The Borrower procure that each Owner shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it that Owner and produce all relevant receipts when so required by the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Bulkers Inc.)

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