Terms of obligatory insurances. Each Borrower shall effect such insurances in such amounts in such currency and upon such terms and conditions (including, without limitation, any LSW 1189 or, in the opinion of the Security Trustee, comparable mortgage clause) as shall from time to time be approved in writing by the Security Trustee in its sole discretion, but in any event as follows:
Appears in 9 contracts
Samples: Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Partners L.P.)
Terms of obligatory insurances. Each The Borrower shall procure that each Owner shall effect such insurances in such amounts in such currency and upon such terms and conditions (including, without limitation, any LSW 1189 or, in the opinion of the Security Trustee, comparable mortgage clause) as shall from time to time be approved in writing by the Security Trustee in its sole discretion, but in any event as follows:
Appears in 5 contracts
Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition Corp), Loan Agreement (Capital Product Partners L.P.)
Terms of obligatory insurances. Each Borrower shall effect such insurances in such amounts in such currency and upon such terms and conditions (including, without limitation, any LSW 1189 or, in the opinion of the Security Trustee, comparable mortgage clause) as shall from time to time be approved in writing by the Security Trustee in its sole discretion, but in any event as follows:
Appears in 3 contracts
Samples: Loan Agreement, Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition CORP)
Terms of obligatory insurances. Each Borrower shall effect such insurances in such amounts in such currency and upon such terms and conditions (including, without limitation, any LSW 1189 oror any other, in the opinion of the Security Trustee, comparable mortgage clause) as shall from time to time be approved in writing by the Security Trustee in its sole discretion, but in any event as follows:
Appears in 3 contracts
Samples: Loan Agreement (Global Ship Lease, Inc.), Loan Agreement (Castor Maritime Inc.), Loan Agreement (Castor Maritime Inc.)
Terms of obligatory insurances. Each The Borrower shall effect such insurances in such amounts in such currency and upon such terms and conditions (including, without limitation, any LSW 1189 or, in the opinion of the Security Trustee, comparable mortgage clause) as shall from time to time be approved in writing by the Security Trustee in its sole discretion, but in any event as follows:
Appears in 3 contracts
Samples: Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Acquisition CORP), Agreement (Navios Maritime Holdings Inc.)
Terms of obligatory insurances. Each The Borrower shall effect such insurances in such amounts in such currency and upon such terms and conditions (including, without limitation, any LSW 1189 or, in the opinion of the Security Trustee, comparable mortgage clause) as shall from time to time be approved in writing by the Security Trustee in its sole reasonable discretion, but in any event as follows:
Appears in 3 contracts
Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (EuroDry Ltd.), Loan Agreement (Euroseas Ltd.)
Terms of obligatory insurances. Each The Borrower shall procure that each Owner shall effect such insurances in such amounts in such currency and upon such terms and conditions (including, without limitation, any LSW 1189 or, in the opinion of the Security Trustee, comparable mortgage clause) as shall from time to time be approved in writing by the Security Trustee in its sole discretionAgent, but in any event as follows:
Appears in 2 contracts
Samples: Agreement (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Acquisition CORP)
Terms of obligatory insurances. Each The Borrower shall procure that the Owner shall effect such insurances in such amounts in such currency and upon such terms and conditions (including, without limitation, any LSW 1189 or, in the opinion of the Security Trustee, comparable mortgage clause) as shall from time to time be approved in writing by the Security Trustee in its sole discretion, but in any event as follows:
Appears in 2 contracts
Samples: Agreement (Capital Product Partners L.P.), Agreement (Capital Product Partners L.P.)
Terms of obligatory insurances. Each Borrower shall effect such insurances in such amounts in such currency and upon such terms and conditions (including, without limitation, any including LSW 1189 or, in the opinion of the Security Trustee, or comparable mortgage clauseclauses, if required by the Agent,) as shall from time to time be approved in writing by the Security Trustee in its sole discretionAgent, but in any event as follows:
Appears in 2 contracts
Samples: Loan Agreement (DryShips Inc.), Loan Agreement (Star Bulk Management Inc.)
Terms of obligatory insurances. Each The Borrower shall effect such insurances in such amounts in such currency and upon such terms and conditions (including, without limitation, any LSW 1189 or, in the opinion of the Security Trustee, comparable mortgage clause) as shall from time to time be reasonably approved in writing by the Security Trustee in its sole discretion, but in any event as follows:
Appears in 1 contract
Samples: Loan Agreement (EuroDry Ltd.)
Terms of obligatory insurances. Each Borrower shall effect such insurances in such amounts in such currency and upon such terms and conditions (including, without limitation, any including LSW 1189 or, in the opinion of the Security Trustee, or comparable mortgage clauseclauses, if required by the Agent) as shall from time to time be approved in writing by the Security Trustee in its sole discretionAgent, but in any event as follows:
Appears in 1 contract
Samples: Loan Agreement (Pyxis Tankers Inc.)
