Common use of Settlement of Claims Clause in Contracts

Settlement of Claims. The Borrower shall procure that no Owner shall settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.

Settlement of Claims. The No Borrower shall procure that no Owner shall settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.

Settlement of Claims. The Borrower shall procure that no Owner shall not settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.

Settlement of Claims. The Borrower shall procure that no Owner shall not settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee Lender to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.

Settlement of Claims. The No Borrower shall procure that no Owner shall settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee Lender to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.

Settlement of Claims. The No Borrower shall procure that no Owner shall settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee to collect or recover any moneys which at any time become payable in respect of the obligatory insurancesinsurances and shall do all things necessary to ensure such collection or recovery is made.

Settlement of Claims. The Borrower shall procure that no Owner shall settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee Lender to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.

Settlement of Claims. The Borrower shall procure that no Owner shall settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major Casualty, and shall procure that the relevant Owner shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.

Settlement of Claims. The Borrower shall procure that no Owner shall not settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee to collect or recover any moneys which at any time become payable in respect of the obligatory insurancesinsurances and shall do all things necessary to ensure such collection or recovery is made.

Settlement of Claims. The Borrower shall procure that no the Owner shall not settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee Lender to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.

Settlement of Claims. The Borrower shall procure that no Owner shall settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee to collect or recover any moneys which at any time become payable in respect of the obligatory insurancesinsurances and shall do all things necessary to ensure such collection or recovery is made.

Settlement of Claims. The Each Borrower shall procure that no Owner shall not settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.

Settlement of Claims. The Borrower shall procure that no Owner shall not settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major Casualty, and the Borrower shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee Lender to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.

Settlement of Claims. The Each Borrower shall procure that no Owner shall not settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee to collect or recover any moneys which at any time become payable in respect of the obligatory insurancesinsurances and shall do all things necessary to ensure such collection or recovery is made.

Settlement of Claims. The Borrower shall procure that no the Owner shall not settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information available to it to enable the Security Trustee Lender to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.

Settlement of Claims. The No Borrower shall procure that no Owner shall settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major CasualtyCasualty without the consent of the Majority Lenders, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.

Settlement of Claims. The Borrower shall procure that no neither Owner shall settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee Lender to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.

Settlement of Claims. The Borrower shall procure that no Owner shall settle, compromise or abandon any claim under any obligatory insurance for Total Loss or (subject as hereinafter provided) for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.

Settlement of Claims. The Borrower shall procure that no the Owner shall not settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee to collect or recover any moneys which at any time become payable in respect of the obligatory insurancesinsurances and shall do all things necessary to ensure such collection or recovery is made.

Settlement of Claims. The Borrower shall procure that no neither Owner shall settle, compromise or abandon any claim under any obligatory insurance for Total Loss or (subject as herein provided) for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee Lender to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.

Settlement of Claims. The Borrower shall procure that no each Owner shall not settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major CasualtyCasualty without the consent of the Agent (such consent not to be unreasonably withheld), and shall shall, following an Event of Default that is continuing, do all things necessary and provide all documents, evidence and information to enable the Security Trustee to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.

Settlement of Claims. The Borrower shall procure that no the Owner shall not settle, compromise or abandon any claim under any obligatory insurance for Total Loss or (subject as hereinafter provided) for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee Lender to collect or recover any moneys which at any time become payable in respect of the obligatory insurancesinsurances Provided that the Lender shall not unreasonably withhold or delay its consent to the settlement of a claim by the Owner in respect of a Major Casualty (not constituting a Total Loss).

Settlement of Claims. The Borrower shall procure that no Owner shall (in the case of the Ship owned by it) settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.

Settlement of Claims. The Borrower shall procure that no Owner shall settle, compromise or abandon any claim under any obligatory insurance for Total Loss or (subject as herein provided) for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.

Settlement of Claims. The No Borrower shall procure that no Owner shall settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major CasualtyCasualty without the unanimous consent of the Lenders, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.

Settlement of Claims. The Borrower shall procure that no Owner Guarantor shall settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.

Settlement of Claims. The Borrower shall procure that no Owner shall not settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major Casualty, Casualty and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.

Settlement of Claims. The Borrower shall procure that no Owner shall not settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major Casualty, and the Borrower shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.. 14.14

Settlement of Claims. The No Borrower shall procure that no Owner shall settle, except with the prior written consent of the Security Agent, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee Agent to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.

Settlement of Claims. The No Borrower shall procure that no Owner shall settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major Casualty, and each Borrower shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee Lender to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.

Settlement of Claims. The Borrower shall procure that no Owner shall not settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major Casualty, Casualty and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee Lender to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.

Settlement of Claims. The relevant Borrower shall procure that no Owner shall not settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee to collect or recover any moneys which at any time become payable in respect of the obligatory insurancesInsurances.

Settlement of Claims. The Borrower shall procure that no Owner shall settle, compromise or abandon any claim under any obligatory insurance for Total Loss or (subject as herein provided) for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee Lender to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.

Settlement of Claims. The Borrower shall not and shall procure that no Owner Guarantor shall settle, compromise or abandon any claim under any obligatory insurance effected by it for Total Loss or for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.

Settlement of Claims. The Borrower shall procure that no Owner shall not settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information available to it to enable the Security Trustee Lender to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.

Settlement of Claims. The Borrower shall procure that no each Owner shall not settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee Lender to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.

Settlement of Claims. The Each Borrower shall procure that no Owner shall not settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major Casualty, and shall do make all things necessary reasonable efforts and provide all documents, evidence and information to enable the Security Trustee to collect or recover any moneys which at any time become payable in respect of the obligatory insurancesinsurances and shall make all reasonable efforts to ensure such collection or recovery is made.

Settlement of Claims. The Borrower shall procure that no Owner shall settle, compromise or abandon any claim under any obligatory insurance for Total Loss or (subject as hereinafter provided) for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee to collect or recover any moneys which at any time become payable in respect of the obligatory insurances. Provided that the Security Trustee shall not unreasonably withhold or delay its consent to the settlement of a claim by an Owner in respect of a Major Casualty (not constituting a Total Loss).

Settlement of Claims. The Borrower shall procure that no the Owner shall not settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.

Settlement of Claims. The Borrower shall procure that no Owner shall settle, compromise or abandon any claim under any obligatory insurance for Total Loss or (subject as hereinafter provided) for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee to collect or recover any moneys which at any time become payable in respect of the obligatory insurancesinsurances Provided that the Security Trustee shall not unreasonably withhold or delay its consent to the settlement of a claim by an Owner in respect of a Major Casualty (not constituting a Total Loss).

Settlement of Claims. The No Borrower shall procure that no Owner shall settle, compromise or abandon any claim under any obligatory insurance effected by it for Total Loss or for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.

Settlement of Claims. The Borrower shall procure that no neither Owner shall not settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information available to it to enable the Security Trustee Lender to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.

Settlement of Claims. The Borrower shall procure that no Owner shall settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information available to it to enable the Security Trustee Lender to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.

Settlement of Claims. The No Borrower shall procure that no Owner shall settle, compromise or abandon any claim under any obligatory insurance for a Total Loss or for a Major CasualtyCasualty without the prior written consent of the Security Agent, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee Agent to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.

Settlement of Claims. The No Borrower shall procure that no Owner shall settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.

Settlement of Claims. The Borrower shall procure that no the Owner shall not settle, compromise or nor abandon any claim under any obligatory insurance for Total Loss or (subject as hereinafter provided) for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee Lender to collect or recover any moneys which at any time become payable in respect of the obligatory insurancesinsurances Provided that the Lender shall not unreasonably withhold its consent to the settlement of a claim by the Owner in respect of a Major Casualty (not constituting a Total Loss).

Settlement of Claims. The No Borrower shall procure that no Owner shall settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major CasualtyCasualty without the Lender's prior consent, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee Lender to collect or recover any moneys which at any time become payable in respect of the obligatory insurancesinsurances in accordance with the Finance Documents.

Settlement of Claims. The Each Borrower shall procure that no Owner shall not settle, compromise or abandon any claim under any obligatory insurance for Total Loss or for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.insurances and shall do ail things necessary to ensure such collection or recovery is made,

Settlement of Claims. The Borrower shall not and shall procure that no Owner shall settle, compromise or abandon any claim under any obligatory insurance effected by it for Total Loss or for a Major Casualty, and shall do all things necessary and provide all documents, evidence and information to enable the Security Trustee to collect or recover any moneys which at any time become payable in respect of the obligatory insurances.