Common use of Insurance of Custodian Clause in Contracts

Insurance of Custodian. At its own expense, the Custodian shall maintain at all times during the existence of this Custodial Agreement and keep in full force and effect fidelity insurance, theft of documents insurance, forgery insurance and errors and omissions insurance. All such insurance shall be in amounts, with standard coverage and subject to deductibles, all as is customary for insurance typically maintained by banks which act as custodian of collateral substantially similar to the Loan Files. Upon written request, the Administrative Agent shall be entitled to receive a certificate from the applicable insurers that such insurance is in full force and effect.

Appears in 4 contracts

Samples: Custodial Agreement, Custodial Agreement, Custodial Agreement (Gladstone Capital Corp)

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Insurance of Custodian. At its own expense, the Custodian shall maintain at all times during the existence of this Custodial Agreement and keep in full force and effect fidelity insurance, theft of documents insurance, forgery insurance and errors and omissions insurance. All such insurance shall be in amounts, with standard coverage and subject to deductibles, all as is customary for insurance typically maintained by banks which act as custodian of collateral substantially similar to the Loan FilesDocuments. Upon written request, the Administrative Agent Owner Trustee shall be entitled to receive a certificate from of the applicable insurers respective insurer that such insurance is in full force and effect.

Appears in 1 contract

Samples: Custodial Agreement (Finova Group Inc)

Insurance of Custodian. At its own expense, the Custodian shall maintain at all times during the existence of this Custodial Agreement and keep in full force and effect fidelity insurance, theft of documents insurance, forgery insurance and errors and omissions insurance. All such insurance shall be in amounts, with standard coverage and subject to deductibles, all as is customary for insurance typically maintained by banks which act as custodian of collateral substantially similar to the Loan FilesCollateral and who also act in a collateral agent capacity. Upon written request, the Administrative Agent Lender shall be entitled to receive a certificate from of the applicable insurers respective insurer that such insurance is in full force and effect.

Appears in 1 contract

Samples: Custodial Agreement (Source One Mortgage Services Corp)

Insurance of Custodian. At its own expense, the Custodian shall maintain at all times during the existence of this Custodial Agreement and keep in full force and effect fidelity insurance, theft of documents insurance, forgery insurance and errors and omissions insurance. All such insurance shall be in amounts, with standard coverage and subject to deductibles, all as is customary for insurance typically maintained by banks which act as custodian of collateral substantially similar to the Loan FilesCollateral. Upon written request, the Administrative Agent Lender shall be entitled to receive a certificate from of the applicable insurers respective insurer that such insurance is in full force and effect.

Appears in 1 contract

Samples: Custodial Agreement (American Home Mortgage Holdings Inc)

Insurance of Custodian. At its own expense, the Custodian shall maintain at all times during the existence of this Custodial Agreement and keep in full force and effect fidelity insurance, theft of documents insurance, forgery insurance and errors and omissions insurance. All such insurance shall be in amounts, with standard coverage and subject to deductibles, all as is customary for insurance typically maintained by banks which act as custodian of collateral substantially similar to the Loan FilesPurchased Items. Upon written request, the Administrative Buyer Agent shall be entitled to receive a certificate from of the applicable insurers respective insurer that such insurance is in full force and effect.

Appears in 1 contract

Samples: Custodial Agreement (American Home Mortgage Investment Corp)

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Insurance of Custodian. At its own expense, the Custodian shall maintain at all times during the existence of this Custodial Agreement and keep in full force and effect fidelity insurance, theft of documents insurance, forgery insurance and errors and omissions insurance. All such insurance shall be in amounts, with standard coverage and subject to deductibles, all as is customary for insurance typically maintained by banks which act as custodian of collateral substantially similar to the Loan FilesCollateral. Upon written request, the Administrative Agent Buyer and Seller shall be entitled to receive a certificate from of the applicable insurers respective insurer that such insurance is in full force and effect.

Appears in 1 contract

Samples: Custodial Agreement (American Business Financial Services Inc /De/)

Insurance of Custodian. At its own expense, the Custodian shall maintain at all times during the existence of this Custodial Agreement and keep in full force and effect fidelity insurance, theft of documents insurance, forgery insurance and errors and omissions insurance. All such insurance shall be in amounts, with standard coverage and subject to deductibles, all as is customary for insurance typically maintained by banks which act as custodian of collateral substantially similar to the Loan FilesCollateral. Upon written request, the Administrative Lender Agent shall be entitled to receive a certificate from of the applicable insurers respective insurer that such insurance is in full force and effect.

Appears in 1 contract

Samples: Custodial Agreement (American Home Mortgage Investment Corp)

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