Insurance Undertakings means, in relation to a Ship, any undertaking to be provided by an approved person in favour of the Security Agent in the agreed form in respect of such person’s interest in the Ship’s Insurances, as required in accordance with clause 24.4 (Placing of cover).
Insurance Undertakings means the undertakings set out in Part II of Schedule 12 (Collateral Rigs and Insurance Undertakings).
Insurance Undertakings means the following:
Examples of Insurance Undertakings in a sentence
The undertakings in this Clause 23 (Insurance Undertakings) remain in force from the First Utilisation Date and throughout the rest of the Security Period except as the Facility Agent, acting with the authorisation of the Majority Lenders (or, where specified, all the Lenders) may otherwise permit.
More Definitions of Insurance Undertakings
Insurance Undertakings means those undertakings authorised to operate in Member States in accordance with Directive 73/239/EEC for non-life insurance, 2002/83/EC for life insurance and Directive 2005/68/EC for reinsurance.
Insurance Undertakings means: the insurance undertakings authorized in Italy and the EU insurance undertakings pursuing business in Italy either under the right of establishment or the freedom to provide services;