Assignment of Insurances definition

Assignment of Insurances shall have the meaning provided in the definition of “Collateral and Guaranty Requirements”.

Assignment of Insurances means a first priority assignment in favour of the Security Agent (on behalf of the Finance Parties) of the Insurances relating to each Collateral Vessel, to be in form and substance acceptable to the Security Agent.

Assignment of Insurances means an assignment to be entered into between the Borrower, the Manager, if applicable, and the Finance Parties and to be in the agreed form.

Examples of Assignment of Insurances in a sentence

• By an Assignment of Insurances dated ……., ……… (the "Borrower") has assigned to ……….., Norway (the "Assignee") all the Borrower's rights, title and interest in and to all policies and contracts of insurance from time to time taken out or entered into by or for the benefit of the Borrower in respect of MV "…..

• International Journal of Injury Control and Safety Promotion, 23(2):206-13.

• No filings or recordings are required in order to perfect the security interests created under any Security Document except for filings or recordings which shall be on or prior to the respective Borrowing Date, in the case of the respective Vessel Mortgages, Assignment of Earnings, Assignment of Insurances and Assignment of Charters in respect of the Vessels.

• An Assignment of Insurances with respect to each Vessel designated on Schedule 7.19(a) duly executed by the Credit Party who is the registered owner of such Vessel together with a Notice of Assignment in the form appended thereto duly executed by the assignor and the insurance broker.

• The Loan Liabilities and the Hedging Debt will be secured by, inter alia, the following in favour of the Loan Security Agent: (i) the Loan Assignment of Insurances; (ii) the Loan Assignment of Proceeds; (iii) the Loan Charge over Interest Coverage Reserve Account; and (iv) the Loan Mortgage.

More Definitions of Assignment of Insurances

Assignment of Insurances means the Assignment of Onshore Insurance Policies dated on or about the date of this Agreement between the Company and the Security Agent.

Assignment of Insurances has the meaning given to it in the Common Terms Agreement.

Assignment of Insurances means assignment agreement, and sub assignment in respect of Seadrill Offshore AS, collateral to this Agreement for the first priority assignment of the Insurances to be made between the relevant Obligors and the Agent (on behalf of the Finance Parties) as security for the Obligors’ obligations under the Finance Documents, in form and substance satisfactory to the Finance Parties.

Assignment of Insurances means the first priority assignment of Insurances to be granted by the Charterers in favour of the Owners and/or the Mortgagee in respect of the Vessel’s Insurances in form and substance acceptable to the Charterers, the Owners and the Mortgagee;

Assignment of Insurances means an assignment agreement, (or, for companies in Norway (where direct assignment agreements are not permitted by law), sub-assignment agreements), collateral to this Agreement for the first priority assignment of the Insurances to be made between the relevant Obligors and the Agent (on behalf of the Finance Parties) as security for the Obligors’ obligations under the Finance Documents, in form and substance satisfactory to the Agent (on behalf of the Finance Parties).

Assignment of Insurances means each assignment of insurances, in form and substance satisfactory to the Administrative Agent, executed and delivered by a Loan Party in favor of the Mortgage Trust and relating to insurances with respect to any Vessel, as such assignment may be amended, restated, supplemented or otherwise modified from time to time.

Assignment of Insurances shall have the meaning provided in Section 5.09.