Common use of Consumer Goods Clause in Contracts

Consumer Goods. If the Customer acquires any consumer goods that are a type of‌ all insurable risks in respect of all Collateral which is insurable, with a reputable insurer approved by the Secured Party and with the Secured Party's interest noted in such a manner that the amount of any claim is payable to the Secured Party. The Customer will deliver the policy document and current premium receipts to the Secured Party on demand, if the Secured Party requires it to do so.

Consumer Goods. If the Customer acquires any consumer goods that are a type of‌ of against all insurable risks in respect of all Collateral which is insurable, with a reputable insurer approved by the Secured Party and with the Secured Party's interest noted in such a manner that the amount of any claim is payable to the Secured Party. The Customer will deliver the policy document and current premium receipts to the Secured Party on demand, if the Secured Party requires it to do so.