Common use of Deposit of original policies Clause in Contracts

Deposit of original policies. Each Borrower shall ensure that all policies relating to obligatory insurances effected by it are deposited with the approved brokers through which the insurances are effected or renewed.

Appears in 47 contracts

Samples: Loan Agreement (Global Ship Lease, Inc.), Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition CORP)

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Deposit of original policies. Each The Borrower shall procure that each Owner shall ensure that all policies relating to obligatory insurances effected by it are deposited with the approved brokers through which the insurances are effected or renewed.

Appears in 43 contracts

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.)

Deposit of original policies. Each Borrower shall ensure that all policies relating to obligatory insurances effected by it are deposited with the approved brokers Approved Brokers through which the insurances are effected or renewed.

Appears in 34 contracts

Samples: Agreement (Global Ship Lease, Inc.), Agreement (Navios Maritime Partners L.P.), Facility Agreement (United Maritime Corp)

Deposit of original policies. Each Borrower shall ensure that all policies relating to obligatory insurances effected by it are deposited with the approved brokers through which the insurances are effected or renewed.

Appears in 34 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)

Deposit of original policies. Each The Borrower shall ensure that all policies relating to obligatory insurances effected by it are deposited with the approved brokers through which the insurances are effected or renewed.

Appears in 28 contracts

Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (Navios Maritime Containers Inc.), Loan Agreement (Diana Shipping Inc.)

Deposit of original policies. Each The Borrower shall ensure that all policies relating to obligatory insurances effected by it are deposited with the approved brokers through which the insurances are effected or renewed.

Appears in 15 contracts

Samples: Loan Agreement (EuroDry Ltd.), Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Acquisition CORP)

Deposit of original policies. Each The Borrower shall procure that the Owner shall ensure that all policies relating to obligatory insurances effected by it are deposited with the approved brokers through which the insurances are effected or renewed.

Appears in 10 contracts

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement, Agreement (Paragon Shipping Inc.)

Deposit of original policies. Each The Borrower shall procure that each Owner shall ensure that all policies relating to obligatory insurances effected by it are deposited with the approved brokers through which the insurances are effected or renewed.

Appears in 10 contracts

Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)

Deposit of original policies. Each The Borrower shall procure that the Owner shall ensure that all policies relating to obligatory insurances effected by it are deposited with the approved brokers through which the insurances are effected or renewed.

Appears in 5 contracts

Samples: Agreement (Capital Product Partners L.P.), Agreement (Capital Product Partners L.P.), Loan Agreement (Tsakos Energy Navigation LTD)

Deposit of original policies. Each The Borrower shall ensure that all policies relating to obligatory insurances effected by it are deposited with the approved brokers Approved Brokers through which the insurances are effected or renewed.

Appears in 4 contracts

Samples: Assignment Agreement (Euroseas Ltd.), Assignment Agreement (Grindrod Shipping Holdings Ltd.), Assignment Agreement (Pyxis Tankers Inc.)

Deposit of original policies. Each Borrower shall ensure that all policies relating to obligatory insurances effected by it are deposited with the approved brokers through which the insurances are effected or renewed.

Appears in 3 contracts

Samples: Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Holdings Inc.)

Deposit of original policies. Each The Borrower shall procure that each Owner shall ensure that all policies relating to obligatory insurances effected affected by it are deposited with the approved brokers through which the insurances are effected or renewed.

Appears in 3 contracts

Samples: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp)

Deposit of original policies. Each Borrower The Borrowers shall ensure that all policies relating to obligatory insurances effected by it are deposited with the approved brokers through which the insurances are effected or renewed.

Appears in 3 contracts

Samples: Loan Agreement (TBS International PLC), Loan Agreement (TBS International PLC), Loan Agreement (TBS International LTD)

Deposit of original policies. Each Borrower shall ensure that all policies relating to obligatory insurances effected by it are deposited with the approved brokers (where and if applicable or available) through which the insurances are effected or renewed.

Appears in 3 contracts

Samples: Loan Agreement, Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition CORP)

Deposit of original policies. Each Borrower It shall ensure that all policies relating to obligatory insurances effected by it are deposited with the approved brokers through which the insurances are effected or renewed.

Appears in 2 contracts

Samples: Loan Agreement (Mc Shipping Inc), Loan Agreement (Mc Shipping Inc)

Deposit of original policies. Each The Borrower shall procure that each Owner shall ensure that all policies relating to relevant obligatory insurances effected by it are deposited with the approved brokers through which the insurances are effected or renewed.

Appears in 2 contracts

Samples: Loan Agreement (Seacastle Inc.), Loan Agreement (Seacastle Inc.)

Deposit of original policies. Each Borrower shall ensure that all policies relating to obligatory insurances effected by it are deposited with the approved brokers Approved Brokers through which the insurances are effected or renewed.

Appears in 2 contracts

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

Deposit of original policies. Each The Borrower shall ensure that all policies relating to obligatory insurances effected by each of the Owners it are deposited with the approved brokers through which the insurances are effected or renewed.

Appears in 2 contracts

Samples: Agreement (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Acquisition CORP)

Deposit of original policies. Each The Borrower shall ensure procure that each Owner ensures that all policies relating to obligatory insurances effected by it are deposited with the approved brokers through which the insurances are effected or renewed.

Appears in 2 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition Corp)

Deposit of original policies. Each Borrower shall, and shall procure that the Collateral Owner shall, ensure that all policies relating to obligatory insurances effected by it are deposited with the approved brokers through which the insurances are effected or renewed.

Appears in 2 contracts

Samples: Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)

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Deposit of original policies. Each Borrower Debtor shall ensure that all policies relating to obligatory insurances effected by it are deposited with the approved brokers Approved Insurance Brokers through which the insurances are effected or renewed.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Nauticus Robotics, Inc.), Pledge and Security Agreement (Nauticus Robotics, Inc.)

Deposit of original policies. Each Borrower The Borrowers shall ensure that all policies relating to obligatory insurances effected by it are deposited with the approved brokers Approved Brokers through which the insurances are effected or renewed.

Appears in 2 contracts

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

Deposit of original policies. Each Borrower shall ensure that all policies issued and relating to obligatory insurances effected by it are deposited by the relevant Borrower with the approved brokers intermediaries or other approved parties through which the insurances are effected or renewed.

Appears in 1 contract

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

Deposit of original policies. Each The Borrower shall ensure that all policies relating to obligatory insurances effected by it are deposited with the approved brokers Approved Brokers through which the insurances are effected or renewed.

Appears in 1 contract

Samples: Facility Agreement (Okeanis Eco Tankers Corp.)

Deposit of original policies. Each The relevant Borrower shall ensure that all policies relating to obligatory insurances effected by it Insurances are deposited with the approved brokers through which the insurances Insurances are effected or renewed.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Deposit of original policies. Each Borrower shall ensure that all policies relating to obligatory insurances effected by it are deposited with the approved brokers through which the insurances effected by it are effected or renewed.

Appears in 1 contract

Samples: Loan Agreement (EuroDry Ltd.)

Deposit of original policies. Each Borrower The Borrowers shall ensure that all policies relating to obligatory insurances effected by it are deposited with the approved brokers through which the insurances are effected or renewed.

Appears in 1 contract

Samples: Loan Agreement (Euroseas Ltd.)

Deposit of original policies. Each The Borrower shall ensure that all policies relating to obligatory insurances effected by it are deposited with the approved brokers and/or insurers through which the insurances are effected or renewed.

Appears in 1 contract

Samples: Loan Agreement (TBS International LTD)

Deposit of original policies. Each The Borrower shall ensure that all policies relating to obligatory insurances effected by it are deposited with the approved brokers through which the insurances are effected or renewed.

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

Deposit of original policies. Each Borrower shall ensure that all policies relating to obligatory insurances effected by it are deposited with the approved brokers through which the insurances are effected or renewed. Payment of premiums Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances and produce all relevant receipts when so required by the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Acquisition CORP)

Deposit of original policies. Each Borrower shall ensure that all policies relating to obligatory insurances effected by it are deposited with the approved brokers (where and if applicable or available) through which the insurances are effected or renewed. Payment of premiums Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Acquisition CORP)

Deposit of original policies. Each Borrower shall ensure that all policies issued and relating to obligatory insurances effected by it are deposited by the relevant Borrower, with the approved brokers intermediaries or other approved parties through which the insurances are effected or renewed.

Appears in 1 contract

Samples: Agreement (Navios Maritime Containers Inc.)

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