Vessel Insurance. With respect to each Vessel, (i) insure, and keep insured, or procure that the Borrowers, as owners, will insure and keep the Vessels insured in accordance with the terms of the Mortgages, more specifically each Vessel will be insured with respect to all risks hull and machinery (including excess risks which shall not exceed twenty percent (20%) of the total hull and machinery coverage), provided that the total hull coverage and excess risk coverage is to be at least the higher of (a) the aggregate Fair Market Value of such Vessel at the most recent date at which such Fair Market Value shall have been determined pursuant to this Agreement or (b) one hundred twenty five percent (125%) of the amount outstanding under the relevant Tranche, (ii) notify the Facility Agent in writing, at least twenty-one (21) days prior to all insurance renewals, (iii) deliver to Facility Agent all letters of undertaking, copies of all insurance policies and certificates of entry on terms acceptable to the Facility Agent and its advisors, (iv) ensure that Facility Agent is named as loss payee on all insurances and (v) reimburse Facility Agent for payment of mortgagee’s interest insurance and mortgagee’s additional perils (pollution) insurance to be subscribed by the Facility Agent in an amount equal to one hundred twenty five percent (125%) of the amount outstanding under each Tranche;

Vessel Insurance. If the performance of the Work requires the ownership, charter, lease or operation of a marine vessel or vessels, Contractor shall carry or require the owner of each vessel to carry:

Vessel Insurance. User shall carry, or require that the owner carry, on all Vessels utilizing the Terminal the following insurance:

Vessel Insurance. Vessel Owner agrees to obtain and maintain during the term of this Agreement a policy of complete Marine Insurance including Protection and Indemnity Liability with limits not less than Five Hundred Thousand Dollars ($500,000) per occurrence, such insurance to include coverage for Sudden and Accidental Pollution and Raising of a (sunken) Vessel. Vessel Owner shall also maintain a Hull and General Vessel Protection policy covering either: 1) the replacement value or actual cash value of the vessel, or 2) no less than $50,000. Any such agreement shall be attached to this Agreement, and shall become incorporated as part hereof. The said insurance shall be in a form and substance satisfactory to the Marina and shall be placed with responsible underwriters, which have a Best financial rating of at least 8 and a Best policyholder rating of A or better. The Vessel Owner shall provide the Marina with Certificates of Insurance evidencing the specified insurance coverage prior to the commencement of this Agreement, which evidence shall be a continuing precondition to Vessel Owner's use of the Slip. Vessel Owner shall deliver new Certificates evidencing the required coverage prior to the expiration or termination of any policy. The said insurance shall name the “Twin Lakes Management Company, Inc, and The Merced Irrigation District” as “Additional Insured” with appropriate Endorsement for all coverages, and shall provide that it fully insures the interests of the Marina regardless of any breach or violation by the Vessel Owner or any person of any warranties, declarations or conditions contained in such policy. The insurance policy shall provide that the Marina shall have no obligation to pay calls, assessments, premiums or other charges in connection with any insurance. The Vessel Owner shall immediately notify the Marina of any material change to the Vessel Owners’ insurance coverage policy, including but not limited to any notice of potential termination, cancellation or non-renewal of said policy. Vessel Owner shall also be responsible to ensure that all contractors and others employed by the Vessel Owner comply with all Marina Rules and Regulations, properly register with the Xxxxxx xxxxx to accessing the premises and beginning any work, and provide proof of statutory Workers Compensation insurance coverage and general liability insurance coverage with a limit not less than $1,000,000, per occurrence and $2,000,000 aggregate naming the “Twin Lakes Management Com...

Vessel Insurance. The Grantee shall produce evidence of necessary insurance for all vessels bought with the grant money and all vessels used in boating programs funded by grant money.

Vessel Insurance. Lessee shall keep in force and effect liability insurance for his vessel(s). Lessor may request and be provided with proof of coverage. This agreement is governed by the Laws of Louisiana and venue in any litigation or arbitration regarding this agreement shall be in the State of Louisiana. Lessee shall pay for any cost incurred by Lessor, in enforcing this agreement. We, the undersigned, agree to all the terms and conditions set forth in this agreement: Signature of Lessee: Date: Print name of Lessee: Date: MacBrandon Industries, X.XX, Representative END OF THE LINE BOAT STORAGE Tenant Information TENANT INFORMATION (LESSEE) Name: Address: City: State: ZIP Code: Home Phone: Office: Cell: E-mail: EMERGENCY CONTACT INFORMATION Name: Address: City: State: ZIP Code: Home Phone: Office: Cell: E-mail: BOAT INFORMATION Brand: Size: Insurance Name: BOAT STALL LEASE INFORMATION Stall Number Lease Starting Date Lease Expiration Date Amount Paid Signature of applicant Date Please fax copy to: 000-000-0000 or send by e-mail to: xxx0000@xxxxxxx.xxx Make payments to: MacBrandon Industries, L.L.C. X.X. Xxx 000

Vessel Insurance. (i) During Construction, insure, or have the Builders insure, and keep insured to the extent of its interest therein, the Vessel with respect to comprehensive builder’s risks; and

Vessel Insurance with respect to each Relevant Vessel, (i) insure, and keep insured, or procure that each Obligor, as owner of record, will insure and keep the Relevant Vessels insured in accordance with the terms of the Mortgage or the Deed of Covenants and Guarantee, Administration and Source of Payment Trust Agreement, as applicable, and with such insurances as the Lenders may require more specifically: (a) each Relevant Vessel will be insured with respect to all risks hull and machinery (including excess risks) plus freight interest and hull interest, if applicable, and with respect to all war risks (including the London blocking and trapping addendum or similar arrangement) provided that the total hull coverage and war risk coverage is to be at least the higher of (I) the Fair Market Value of the Relevant Vessel at the most recent date at which such Fair Market Value shall have been determined pursuant to this Agreement and (II) one hundred twenty percent (120%) of the total amounts outstanding under the Facility, (b) each Relevant Vessel will be insured with respect to full protection and indemnity cover (including liability for oil pollution) for an amount of not less than One Billion Dollars ($1,000,000,000) and excess war risk protection and indemnity cover for an amount of not less than Five Hundred Million Dollars ($500,000,000), covered by a protection and indemnity association which is a member of the International Group of Protection and Indemnity Associations and, in the case of Relevant Vessels employed in Mexico under the Mexican Navigation and Maritime Commerce Law (Ley de Navegación y Comercio Marítimos), covered by a first class Mexican insurance company acceptable to the Facility Agent, (c) any PSVs of at least 1,800 DWT or AHTSs of at least 70 tons bollard pull will, upon becoming a Relevant Vessel, be insured with respect to mortgage rights insurance and (d) all insurances will be at the expense of the Obligor, shall be on terms acceptable to the Facility Agent and shall be placed with brokers, underwriters or clubs acceptable to the Facility Agent, (ii) notify the Facility Agent in writing, at least fourteen (14) days prior to all insurance renewals, (iii) deliver to the Facility Agent all letters of undertaking, copies of all insurance policies and certificates of entry on terms acceptable to the Facility Agent and its advisors at least once every year within three (3) Banking Days prior to each anniversary of the Original Closing Date, (iv) ensure...

Vessel Insurance. Schedule 4.28 contains, as of the Closing Date, a true and complete list of all insurance policies of any nature maintained by any Credit Party primarily with respect to each Material Vessels (rather than general property of liability insurance) owned by any Credit Party as of such date.

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