Common use of Additional Provisions Concerning Insurance Clause in Contracts

Additional Provisions Concerning Insurance. (a) Any insurance required hereunder shall be written by insurance companies authorized or licensed to do business in the State and shall be on such forms and written by such companies as shall be approved by the Issuer and the Purchaser. Such insurance coverage may be effected under overall blanket or excess coverage policies of the Company provided that the Company shall not be deemed to be a co-insurer thereunder. Each insurance policy maintained pursuant to this Agreement shall contain a provision to the effect that such policy shall not be cancelled or altered unless the Trustee is notified at least fifteen (15) days prior to such cancellation or alteration. At least thirty (30) days prior to the expiration of any such policy, the Company shall furnish evidence satisfactory to the Trustee that such policy has been renewed or replaced or is no longer required by this Agreement.

Additional Provisions Concerning Insurance. (a) Any insurance required hereunder shall be written by insurance companies authorized or licensed to do business in the State and shall be on such forms and written by such companies as shall be approved by the Issuer and the PurchaserIssuer. Such insurance coverage may be effected under overall blanket or excess coverage policies of the Company provided that the Company shall not be deemed to be a co-insurer thereunder. Each insurance policy maintained pursuant to this Agreement shall contain a provision to the effect that such policy shall not be cancelled canceled or altered unless the Trustee is notified at least fifteen (15) days prior to such cancellation or alteration. At least thirty (30) days prior to the expiration of any such policy, the Company shall furnish evidence satisfactory to the Trustee that such policy has been renewed or replaced or is no longer required by this Agreement.

Additional Provisions Concerning Insurance. (a) Any insurance required hereunder shall be written by insurance companies authorized or licensed to do business in the State and shall be on such forms and written by such companies as shall be approved by the Issuer Authority and the PurchaserCompany's insurance consultant. Such insurance coverage may be effected under overall blanket or excess coverage policies of the Company provided that the Company shall not be deemed to be a co-insurer thereunder. Each insurance policy maintained pursuant to this Agreement shall contain a provision to the effect that such policy shall not be cancelled canceled or altered unless the Trustee is notified at least fifteen (15) days prior to such cancellation or alteration. At least thirty (30) days prior to the expiration of any such policy, the Company shall furnish evidence satisfactory to the Trustee and, if requested, to the Authority, that such policy has been renewed or replaced or is no longer required by this Agreement.

Additional Provisions Concerning Insurance. (a) Any insurance required hereunder shall be written by insurance companies authorized or licensed to do business in the State and shall be on such forms and written by such companies as shall be approved by the Issuer and the Purchaser. Such insurance coverage may be effected under overall blanket or excess coverage policies of the Company provided that the Company shall not be deemed to be a co-insurer thereunder. Each insurance policy maintained pursuant to this Agreement shall contain a provision to the effect that such policy shall not be cancelled canceled or altered unless the Trustee is and the Issuer are notified at least fifteen (15) days prior to such cancellation or alteration. At least thirty (30) days prior to the expiration of any such policy, the Company shall furnish evidence satisfactory to the Trustee that such policy has been renewed or replaced or is no longer required by this Agreement.