Loss Payable Clauses definition

Loss Payable Clauses means the provisions regulating the manner of payment of sums receivable under the Insurances which are to be incorporated in the relevant insurance document, such Loss Payable Clauses to be in the forms set out in paragraph 4 of this Schedule, or such other form as the Bank may from time to time agree in writing;
Loss Payable Clauses means the provisions regulating the manner of payment of sums receivable under the Insurances which are to be incorporated in the relevant insurance documents, such Loss Payable Clauses to be in the forms set out in Schedule 1 during the Charter Period (which shall, during the Charter Period, replace the forms of Loss Payable Clauses specified in the Spotless General Assignment (as such term is defined in the Loan Agreement)) or in such other forms as may from time to time be required or agreed in writing by the Mortgagee;
Loss Payable Clauses means the provisions regulating the manner of payment of sums receivable under the Insurances which are to be incorporated in the relevant insurance documents, such provisions to be in the forms set out in schedule 1 to the General Assignment, or in such other forms as may from time to time be agreed in writing by the Mortgagee;

Examples of Loss Payable Clauses in a sentence

  • This Notice and the attached Loss Payable Clauses are to be endorsed on all policies and certificates of entry evidencing such insurances.

  • The policies of all such casualty insurance shall contain standard Lender’s Loss Payable Clauses (and, with respect to liability and interruption insurance, additional insured clauses) issued in favor of Lender under which all losses thereunder shall be paid to Lender as Lender’s interest may appear.

  • This Notice of Assignment and the attached Loss Payable Clauses are to be endorsed on all policies and certificates of entry evidencing such insurances.

  • The Borrower agrees to apply all sums receivable under the Insurances which are paid to it in accordance with the Loss Payable Clauses in repairing all damage and/or in discharging the liability in respect of which such sums shall have been received.

  • The policies of all such casualty insurance shall contain standard Lender's Loss Payable Clauses issued in favor of Lender under which all losses thereunder shall be paid to Lender as Lender's interest may appear.


More Definitions of Loss Payable Clauses

Loss Payable Clauses means the provisions concerning payment of claims under the Ship’s Insurances in the form scheduled to the Deed of Covenant or in another approved form.
Loss Payable Clauses means, in relation to a Ship, the provisions concerning payment of claims under the Ship’s Insurances in the form scheduled to such Ship’s Deed of Covenant or in another form approved by the Majority Lenders.
Loss Payable Clauses has the meaning given to that expression in the Deed of Covenant;
Loss Payable Clauses means, in relation to a Ship, the provisions concerning payment of claims under the Ship's Insurances in the form scheduled to such Ship's General Assignment or in another approved form. Losses means any costs, expenses (including any fees and expenses of legal counsel, subject to the relevant limitations set out in Clause 16.1 (Transaction expenses)), payments, charges, losses, liabilities, penalties, fines and other monetary damages, judgments, orders or other sanctions.
Loss Payable Clauses shall have the meaning given thereto in each of the Collateral Deeds;
Loss Payable Clauses means, in relation to the Insurances of the Vessel and/or the Mooring, the provisions concerning payment of claims under such Insurances or, as the case may be, Reinsurances in the form scheduled to the Security Assignment, the Insurance Assignment, any Reinsurance Fiduciary Assignment (as the case may be) or in another approved form.
Loss Payable Clauses means, in relation to a Ship, the provisions concerning payment of claims under the Ship's Insurances in the form scheduled to the Ship’s General Assignment or in another approved form.