Common use of Adequate Insurance Clause in Contracts

Adequate Insurance. The Borrower and each of the Significant Subsidiaries are insured by insurers of recognised financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which they are engaged in the jurisdiction where they operate, respectively; neither the Borrower nor any of the Significant Subsidiaries has been refused any insurance coverage sought or applied for; and neither the Borrower nor any of the Significant Subsidiaries has any reason to believe that they will not be able to renew their existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue their business at a cost that would not have a Material Adverse Effect, except, in each case, as disclosed in Schedule II to the Side Letter.

Appears in 4 contracts

Samples: Loan Agreement (Open Joint Stock Co Vimpel Communications), Agreement (Open Joint Stock Co Vimpel Communications), Agreement (Open Joint Stock Co Vimpel Communications)

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Adequate Insurance. The Borrower and each of the Significant Subsidiaries are insured by insurers of recognised financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which they are engaged in the jurisdiction where they operate, respectively; neither the Borrower nor any of the Significant Subsidiaries has been refused any insurance coverage sought or applied for; and neither the Borrower nor any of the Significant Subsidiaries has any reason to believe that they will not be able to renew their existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue their business at a cost that would not have a Material Adverse Effect, except, in each case, except as disclosed in Schedule II III to the Side Letter.

Appears in 1 contract

Samples: Agreement (Open Joint Stock Co Vimpel Communications)

Adequate Insurance. The Borrower and each of the Significant Subsidiaries are insured by insurers of recognised financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which they are engaged in the jurisdiction where they operate, respectively; neither the Borrower nor any of the Significant Subsidiaries has been refused any insurance coverage sought or applied for; and neither the Borrower nor any of the Significant Subsidiaries has any reason to believe that they will not be able to renew their existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue their business at a cost that would not have a Material Adverse Effect, except, in each case, as disclosed in Schedule II I to the Side Letter.

Appears in 1 contract

Samples: Agreement (Open Joint Stock Co Vimpel Communications)

Adequate Insurance. The Borrower and each of the Significant Subsidiaries are insured by insurers of recognised recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which they are engaged in the jurisdiction where they operate, respectively; neither the Borrower nor any and each of the Significant Subsidiaries has have not been refused any insurance coverage sought or applied for; and neither the Borrower nor any and each of the Significant Subsidiaries has any have no reason to believe that they will not be able to renew their existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue their business at a cost that would not have a Material Adverse Effect, except, in each case, except as disclosed in Schedule II to the Side Letter.

Appears in 1 contract

Samples: Loan Agreement (Open Joint Stock Co Vimpel Communications)

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Adequate Insurance. The Borrower and each of the Significant Subsidiaries are insured by insurers of recognised financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which they are engaged in the jurisdiction where they operate, respectively; neither the Borrower nor any of the Significant Subsidiaries has been refused any insurance coverage sought or applied for; and neither the Borrower nor any of the Significant Subsidiaries has any reason to believe that they will not be able to renew their existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue their business at a cost that would not have a Material Adverse Effect, except, in each case, except as disclosed in Schedule II I to the Side Letter.

Appears in 1 contract

Samples: Agreement (Open Joint Stock Co Vimpel Communications)

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