Common use of Continuation of Insurance Clause in Contracts

Continuation of Insurance. All policies of insurance shall provide for at least thirty (30) days prior written cancellation notice to the Administrative Agent. In the event of failure by any Company to provide and maintain insurance as herein provided, the Administrative Agent may, at its option, provide such insurance and charge the amount thereof to the Companies. Each Company shall furnish the Administrative Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 3 contracts

Samples: Security Agreement (Quaker Fabric Corp /De/), Security Agreement (Quaker Fabric Corp /De/), Security Agreement (Us Xpress Enterprises Inc)

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Continuation of Insurance. All policies of insurance shall provide for at least thirty sixty (3060) days prior written cancellation notice to the Administrative Agent. In the event of failure by any Company the Borrowers to provide and maintain insurance as herein provided, the Administrative Agent may, at its option, provide such insurance and charge the amount thereof to the CompaniesBorrowers. Each Company The Borrowers shall furnish the Administrative Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 2 contracts

Samples: Loan and Security Agreement (Mayors Jewelers Inc/De), Mayors Jewelers Inc/De

Continuation of Insurance. All policies of insurance shall provide for at least thirty (30) days prior written cancellation notice to the Administrative Agent. In the event of failure by any Company Grantor to provide and maintain insurance as herein provided, the Administrative Agent may, at its option, provide such insurance and charge the amount thereof to the CompaniesCompany. Each Company Grantor shall furnish the Administrative Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 2 contracts

Samples: Security Agreement (Alexion Pharmaceuticals Inc), Amended and Restated Security Agreement (Alexion Pharmaceuticals Inc)

Continuation of Insurance. All policies of insurance shall provide for at least thirty (30) days prior written cancellation notice to the Administrative Agent. In the event of failure by any Company Grantor to provide and maintain insurance as herein provided, the Administrative Agent may, at its option, provide such insurance and charge the amount thereof to the Companiessuch Grantor. Each Company Grantor shall furnish the Administrative Agent with certificates of insurance with corresponding endorsements and policies evidencing compliance with the foregoing insurance provisionprovisions.

Appears in 1 contract

Samples: Security Agreement (Kaman Corp)

Continuation of Insurance. All policies of insurance shall provide for at least thirty (30) days prior written cancellation notice to the Administrative Agent. In the event of failure by any Company of the Companies to provide and maintain insurance as herein provided, the Administrative Agent may, at its option, provide such insurance and charge the amount thereof to the Companies. Each Company of the Companies shall furnish the Administrative Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 1 contract

Samples: Security Agreement (Nationsrent Inc)

Continuation of Insurance. All policies of insurance shall provide for at least thirty (30) days prior written cancellation notice to the Administrative Agent. In the event of failure by any Company Grantor to provide and maintain insurance as herein provided, the Administrative Agent may, at its option, provide such insurance and charge the amount thereof to the Companiessuch Grantor. Each Company Grantor shall furnish the Administrative Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 1 contract

Samples: Security Agreement (Athenahealth Inc)

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Continuation of Insurance. All policies of insurance shall provide for at least thirty (30) days prior written cancellation notice to the Administrative Agent. In the event of failure by any Company Obligor to provide and maintain insurance as herein provided, the Administrative Agent may, at its option, and upon prior written notice to Hexcel provide such insurance and charge the amount thereof to the Companiessuch Obligor. Each Company Obligor shall furnish the Administrative Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provisionSection 9.1.

Appears in 1 contract

Samples: Security Agreement (Hexcel Corp /De/)

Continuation of Insurance. All policies of insurance shall provide for at least thirty (30) days prior written cancellation notice to the Administrative Agent. In the event of failure by any the Company to provide and maintain insurance as herein provided, the Administrative Agent may, at its option, provide such insurance and charge the amount thereof to the CompaniesCompany. Each The Company shall furnish the Administrative Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 1 contract

Samples: Term Loan Agreement (American Skiing Co /Me)

Continuation of Insurance. All policies of insurance shall provide for at least thirty (30) days prior written cancellation notice to the Administrative Agent. In the event of failure by any Company Debtor to provide and maintain insurance as herein provided, the Administrative Agent may, at its option, provide such insurance and charge the amount thereof to the CompaniesDebtor. Each Company Debtor shall furnish the Administrative Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 1 contract

Samples: Security Agreement (Hunt J B Transport Services Inc)

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