Assets Insured. The property and assets of each Obligor and each Specified Entity are insured with insurers, in amounts, for risks and otherwise which are reasonable in relation to such property and assets (subject to the amount of such deductibles as are reasonable in light of industry practice) against loss or damage, and there has been no default or failure by the party or parties insured under the provisions of such policies of insurance maintained which would prevent the recovery by any Obligor or Specified Entity insured thereunder of the full amount of any material insured loss.
Assets Insured. The property and assets of each Obligor are insured with insurers, in amounts, for risks and otherwise which are reasonable in relation to such property and assets and otherwise in accordance with industry standard and past practice.
Assets Insured. The property and assets of the Companies are insured with insurers, in amounts, for risks and otherwise which are reasonable in relation to such property and assets (subject to the amount of such deductibles as are reasonable and normal in the circumstances) against loss or damage, and there has been no default or failure by the party or parties insured under the provisions of such policies of insurance maintained which would prevent the recovery by the Companies insured thereunder of the full amount of any material insured loss.
Assets Insured. To the extent insurable, all Secured Assets are insured with insurers, in amounts, and for risks which are reasonable and prudent and appropriate to its size, nature and stage of development. All premiums due and payable under such policies have been paid and the Obligors are in compliance in all material respects with the terms of such policies.
Assets Insured. The property and assets of Borrowers and the Borrower and its Restricted Subsidiaries are insured with insurers, in amounts, for risks and otherwise which are reasonable in relation to such property and assets and otherwise in accordance with industry standard and past practice.
Assets Insured. The property and assets of each Company are insured with insurers, in amounts, for risks and otherwise which are reasonable in relation to such property and assets (subject to the amount of such deductibles as are reasonable and normal in the circumstances) against loss or damage, and there has been no default or failure by the party or parties insured under the provisions of such policies of insurance maintained which would prevent the recovery by such Company insured thereunder of the full amount of any material insured loss. The named insured under all insurance policies maintained by each Company is not in default under any of the material provisions contained in any such insurance policies.
Assets Insured. The Companies maintain insurance (including, without limitation, business interruption insurance, property insurance and general liability insurance) with responsible insurance carriers and in such amounts and covering such risks as have been determined, acting reasonably, by the Borrower and each Company to be appropriate and prudent in the circumstances, except where failure to do so could not reasonably be expected to have a Material Adverse Effect.
Assets Insured. The Secured Assets are insured with insurers, in amounts, for risks and otherwise on terms which are reasonable in relation to the Secured Assets (subject to the amount of such deductibles as are reasonable and normal in the circumstances) against loss or damage and there has been no default or failure by the party or parties insured under the provisions of such policies of insurance maintained which would prevent the recovery by the party or parties insured thereunder of the full amount of any material insured loss. The named insured under all insurance policies maintained by each Secured Obligor are not in default under any of the material provisions contained in any such insurance policies.
Assets Insured. Each Company has insured, with insurers, all of its property and assets customarily insured by companies carrying on a similar business or owning or operating similar property and assets against the customary risks and for the customary amounts, and there has been no default or failure by the party or parties insured under the provisions of the applicable policies of insurance maintained which would prevent the recovery by the party or parties insured thereunder of the full amount of any insured loss.
Assets Insured. All SBL Assets of an insurable nature are insured to the extent that SBL considers, in its reasonable opinion, is commercially desirable to insure against having regard to the nature of the SBL Business.
