Common use of Trading in war zones Clause in Contracts

Trading in war zones. In the event of hostilities in any part of the world (whether war is declared or not), the Borrower shall not cause or permit the Ship to enter or trade to any zone which is declared a war zone by the Ship's war risks insurers unless:

Appears in 5 contracts

Samples: Sace Facility Agreement (Norwegian Cruise Line Holdings Ltd.), Sace Facility Agreement (Norwegian Cruise Line Holdings Ltd.), Sace Facility Agreement (Norwegian Cruise Line Holdings Ltd.)

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Trading in war zones. In the event of hostilities in any part of the world (whether war is declared or not), the no Borrower shall not cause or permit the any Ship to enter or trade to any zone which is declared a war zone by the any government or by that Ship's ’s war risks insurers unless:

Appears in 5 contracts

Samples: Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (United Maritime Corp), Humber Shipco LLC (Ardmore Shipping Corp)

Trading in war zones. In the event of hostilities in any part of the world (whether war is declared or not), the no Borrower shall not cause or permit the any Ship to enter or trade to any zone which is declared a war zone by the any government or by that Ship's war risks insurers unless:

Appears in 3 contracts

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

Trading in war zones. In the event of hostilities in any part of the world (whether war is declared or not), the no Borrower shall not cause or permit the any Ship to enter or trade to any zone which is declared a war zone by the any government or by that Ship's war risks insurers unless:unless that Borrower has (at its expense) effected any special, additional or modified insurance cover required for it to enter or trade to any war zone and has provided evidence satisfactory to the Facility Agent in respect of such additional or modified insurance cover.

Appears in 2 contracts

Samples: Banks and Financial Institutions (Okeanis Eco Tankers Corp.), Banks and Financial Institutions (Okeanis Eco Tankers Corp.)

Trading in war zones. In the event of hostilities in any part of the world (whether war is declared or not), the no Borrower shall not cause or permit the any Ship to enter or trade to any zone which is declared a war zone by the any government or by that Ship's ’s war risks insurers or which is otherwise excluded from the scope of coverage of the obligatory insurances unless:

Appears in 2 contracts

Samples: And Restatement Agreement (Ardmore Shipping Corp), Assignment Agreement (Castor Maritime Inc.)

Trading in war zones. In the event of hostilities in any part of the world (whether war is declared or not), the Borrower Borrowers shall not cause or permit the any Ship to enter or trade to any zone which is declared a war zone by the any government or by such Ship's ’s war risks insurers unless:

Appears in 2 contracts

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

Trading in war zones. In the event of hostilities in any part of the world (whether war is declared or not), the Borrower Company shall not procure that no Vessel Owner shall cause or permit the Ship any Collateral Vessel owned by it to enter or trade to any zone which is declared a war zone by the Shipany government or by that Collateral Vessel's war risks insurers unless:

Appears in 1 contract

Samples: Note Purchase Agreement (Global Ship Lease, Inc.)

Trading in war zones. In the event of hostilities in any part of the world (whether war is declared or not), the Borrower shall not cause or permit the Ship Vessel to enter or trade to any zone which is declared a war zone by any government or by the Ship's Vessel’s war risks insurers unless:

Appears in 1 contract

Samples: Facility Agreement (Grindrod Shipping Holdings Pte. Ltd.)

Trading in war zones. (a) In the event of hostilities in any part of the world (whether war is declared or not), the no Borrower shall not cause or permit the any Ship to enter or trade to any zone which is declared a war zone by the any government or by that Ship's ’s war risks insurers unless:

Appears in 1 contract

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

Trading in war zones. In the event of hostilities in any part of the world (whether war is declared or not), the no Borrower shall not cause or permit the Ship any Vessel owned by it to enter or trade to any zone which is declared a war zone by the Ship's any government or by that Vessel’s war risks insurers unless:

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Holdings Inc.)

Trading in war zones. In the event of hostilities in any part of the world (whether war is declared or not), the no Borrower shall not cause or permit the any Ship to enter or trade to any zone which is declared a war zone by the any government or by that Ship's ’s war risks insurers unless:unless that Borrower has (at its expense) effected any required and applicable special, additional or modified insurance cover.

Appears in 1 contract

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

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Trading in war zones. In the event of hostilities in any part of the world (whether war is declared or not), the no Borrower shall not cause or permit the any Ship to enter enter, remain or trade to any zone which is declared a war zone (or conditional or excluded zone) by the any government or by that Ship's war risks and/or allied perils (including, but not limited to, piracy) insurers unless:

Appears in 1 contract

Samples: Agreement (Okeanis Eco Tankers Corp.)

Trading in war zones. In the event of hostilities in any part of the world (whether war is declared or not), the No Borrower shall not cause or permit the any Ship to enter or trade to any zone which is declared a war zone by the any government or by that Ship's ’s war risks insurers unless:or which is otherwise excluded from the scope of coverage of the obligatory insurances unless that Borrower has (at its expense) effected any special, additional or modified insurance cover which the insurers require to ensure that that Ship remains properly insured in accordance with the Finance Documents (including, without limitation, any requirement for the payment of additional or extra insurance premia).

Appears in 1 contract

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

Trading in war zones. In the event of hostilities in any part of the world (whether war is declared or not), the no Borrower shall not cause or permit the either Ship to enter or trade to any zone which is declared a war zone by the any government or by that Ship's war risks insurers unless:

Appears in 1 contract

Samples: Assignment Agreement (Star Bulk Carriers Corp.)

Trading in war zones. In the event of hostilities in any part of the world (whether war is declared or not), the no Borrower shall not cause or permit the any Ship to enter or trade to any zone which is declared a war zone by the any government or by that Ship's ’s war risks insurers unlessunless either:

Appears in 1 contract

Samples: Facilities Agreement (Ardmore Shipping Corp)

Trading in war zones. In the event of hostilities in any part of the world (whether war is declared or not), the no Borrower shall not cause or permit the any Ship to enter or trade to any zone which is declared a war zone by the any government or by that Ship's war risks insurers unlessunless either:

Appears in 1 contract

Samples: Assignment Agreement (Ardmore Shipping Corp)

Trading in war zones. In the event of hostilities in any part of the world (whether war is declared or not), the Borrower shall not cause or permit the Ship to enter or trade to any zone which is declared a war zone by the Ship's ’s war risks insurers unless:

Appears in 1 contract

Samples: Loan Agreement (Prestige Cruises International, Inc.)

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