Delivery of Insurance Certificates. On or before the Closing Date, Lessee shall deliver to Collateral Agent and Lessor certificates of insurance satisfactory to Collateral Agent and Lessor evidencing the existence of all insurance required to be maintained hereunder and setting forth the respective coverages, limits of liability, carrier, policy number and period of coverage. Thereafter, throughout the Term, at the time each of Lessee’s insurance policies is renewed (but in no event less frequently than once each year) or upon written request by Lessor following an Event of Default, Lessee shall deliver to Collateral Agent and Lessor certificates of insurance evidencing that all insurance required by Sections 13.1 and 13.2 to be maintained by Lessee is in effect.
Appears in 2 contracts
Samples: Trust and Security Agreement (Silicon Laboratories Inc), Trust and Security Agreement (Silicon Laboratories Inc)
Delivery of Insurance Certificates. On or before the Document Closing Date, Lessee shall deliver to Collateral Administrative Agent and Lessor certificates of insurance satisfactory to Collateral the Administrative Agent and Lessor evidencing the existence of all insurance required to be maintained hereunder and setting forth the respective coverages, limits of liability, carrier, policy number and period of coverage. Thereafter, throughout the Term, at the time each of Lessee’s insurance policies is renewed (but in no event less frequently than once each year) or upon written request by Lessor following an Event of Default, Lessee shall deliver to Collateral Administrative Agent and Lessor certificates of insurance evidencing that all insurance required by Sections 13.1 and 13.2 to be maintained by Lessee is in effect.
Appears in 1 contract
Samples: Lease and Remedies Agreement (Regeneron Pharmaceuticals Inc)
Delivery of Insurance Certificates. On or before the Document Closing Date, Lessee shall deliver to Collateral the Administrative Agent and Lessor certificates of insurance satisfactory to Collateral the Administrative Agent and Lessor evidencing the existence of all insurance required to be maintained hereunder and setting forth the respective coverages, limits of liability, carrier, policy number and period of coverage. Thereafter, throughout the Term, at the time each of Lessee’s insurance policies is renewed (but in no event less frequently than once each year) or upon written request by Lessor following an Event of Default, Lessee shall deliver to Collateral the Administrative Agent and Lessor certificates of insurance evidencing that all insurance required by Sections 13.1 and 13.2 to be maintained by Lessee is in effect.
Appears in 1 contract
Samples: Debt and Security Agreement (Norfolk Southern Corp)