Review of insurance requirements Sample Clauses

Review of insurance requirements. The Majority Lenders shall be entitled to review the requirements of this Clause 13 from time to time in order to take account of any changes in circumstances after the date of this Agreement which are, in the opinion of the Majority Lenders, significant and capable of affecting the Owners or the Ships and their insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Owners may be subject), and may appoint insurance consultants in relation to this review at the cost of the Borrower.
Review of insurance requirements. The Agent shall be entitled to review the requirements of this Clause 13 from time to time in order to take account of any changes in circumstances after the date of the Amending and Restating Agreement which are, in the reasonable opinion of the Agent, significant and likely to affect the Borrower or the Ship and its or their insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Borrower may be subject), and may appoint insurance consultants in relation to this review at the cost of the Borrower Provided that if no Event of Default shall have occurred and be continuing, the Borrower shall only be obliged to indemnify the Agent in respect of all fees and other expenses incurred by the Agent in relation to the review of the insurances by such insurance consultants once in each calendar year.
Review of insurance requirements. The Lender shall be entitled to review the requirements of this Clause 12 from time to time, but not more than once in any 12 month period or at such times as the approved brokers through which, and/or the protection and indemnity and/or war risks associations in which, any Ship is insured or entered shall change, in order to take account of any changes in circumstances after the date of this Agreement which are, in the opinion of the Lender, significant and capable of affecting either Borrower or either Ship and its or their insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which either Borrower may be subject.)
Review of insurance requirements. Tenant and Landlord shall review the insurance requirements set forth in this Article five (5) years after execution of this Lease, and every five years thereafter, and make any necessary adjustments to ensure Tenant’s insurance coverage is consistent with industry standards.
Review of insurance requirements. The Common Security Agent or relevant Existing Security Agent, as applicable, may and, on instruction of the Required Lenders, shall review, at the expense of the Company, the requirements of Part 1 (Insurance Covenants) of this Schedule 9 from time to time in order to take account of any changes in circumstances after the date of this Agreement which are, in the opinion of the Agent or the Required Lenders significant and capable of affecting the relevant Obligor or a Ship and its insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the relevant Obligor may be subject).
Review of insurance requirements. Lessee and City shall periodically review the limits and types of insurance carried pursuant to this Section. If the general commercial practice in the City and County of San Francisco is to carry liability insurance in an amount or coverage materially greater than the amount or coverage then being carried by Lessee with respect to risks comparable to those associated with the Premises, then, at City's option, Lessee shall increase at its sole cost the amounts or coverages carried by Lessee to conform to such general commercial practice.
Review of insurance requirements. Throughout the Term of this Lease and upon Notice to LAPA, County, acting through the CAO and its risk manager, may review and adjust at any time the types and limits of insurance required under this Lease to a commercially reasonable level. Insurance is to be provided by insurers acceptable to the County with an A.M. Best rating of not less than A:VII, unless otherwise approved by County.

Related to Review of insurance requirements

  • Modification of insurance requirements The Security Trustee shall notify the Borrower of any proposed modification under Clause 13.18 to the requirements of this Clause 13 which the Majority Lenders consider appropriate in the circumstances, and such modification shall take effect on and from the date it is notified in writing to the Borrower as an amendment to this Clause 13 and shall bind the Borrower accordingly.