Common use of Business Interruption Insurance Clause in Contracts

Business Interruption Insurance. The Company and its Subsidiaries shall maintain with financially sound and reputable insurers insurance related to interruption of business, either for loss of revenues or for extra expense as it relates to the loss of revenues, in an amount deemed to be adequate in the reasonable business judgment of the Company for the 12-month period of each insurance policy, which amount shall be reasonably satisfactory to the Administrative Agent, and otherwise in the manner customary for businesses of similar size engaged in similar activities at similar locations.

Appears in 7 contracts

Samples: Credit Agreement (Buckeye Technologies Inc), Credit Agreement (Buckeye Technologies Inc), Credit Agreement (Buckeye Technologies Inc)

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Business Interruption Insurance. The Each of the Company and its Subsidiaries shall maintain with financially sound and reputable insurers insurance related to interruption of business, either for loss of revenues profits or for extra expense as it relates to the loss of revenuesexpense, in an amount deemed to be adequate in the reasonable business judgment of the Company for the 12-month period of each insurance policy, which amount shall be reasonably satisfactory to the Administrative Agent, and otherwise in the manner customary for businesses of similar size engaged in similar activities at similar locationsactivities.

Appears in 3 contracts

Samples: Credit Agreement (American Biltrite Inc), Note Purchase Agreement (American Biltrite Inc), American Biltrite Inc

Business Interruption Insurance. The Company and its Subsidiaries shall maintain with financially sound and reputable insurers insurance related to interruption of business, either for loss of revenues or for extra expense as it relates to the loss of revenues, in an amount deemed to be adequate of at least $1,000,000,000 in the reasonable business judgment of the Company for the 12-month period of each insurance policy, which amount shall be reasonably satisfactory to the Administrative Agent, aggregate and otherwise in the manner customary for businesses of similar size engaged in similar activities at similar locations.

Appears in 2 contracts

Samples: Credit Agreement (Buckeye Cellulose Corp), Credit Agreement (Buckeye Technologies Inc)

Business Interruption Insurance. The Company and its Subsidiaries shall maintain with financially sound and reputable insurers insurance related to interruption of business, either for loss of revenues or for extra expense as it relates to the loss of revenues, in an amount deemed to be adequate in the reasonable business judgment of the Company for the 12-month period of each insurance policy, which amount shall be reasonably satisfactory to the Administrative Agent, and otherwise in the manner customary for businesses of similar size engaged in similar activities at similar locations.

Appears in 1 contract

Samples: Credit Agreement (Buckeye Technologies Inc)

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Business Interruption Insurance. The Company and each of its Subsidiaries shall maintain with financially sound and reputable insurers insurance related to interruption of business, either for loss of revenues or for extra expense as it relates to the loss of revenuesexpense, in an amount deemed to be adequate in the reasonable business judgment of the Company for the 12-month period of each insurance policy, which amount shall be reasonably satisfactory to the Administrative Agent, and otherwise in the manner customary for businesses of similar size engaged in similar activities at similar locationsactivities.

Appears in 1 contract

Samples: Warrant Purchase Agreement (Monitronics International Inc)

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