Existing Insurance. All improvements upon each REO Property are insured by a borrower or blanket hazard insurance policy in an amount at least equal to the lesser of (1) 100% of the maximum insurable value of such improvements; (2) the replacement value of such improvements; and (3) the amount of the BPO valuation. Each such insurance policy contains a standard mortgagee clause naming REO Subsidiary or Servicer, its successors and assigns as loss payee or named insured, as applicable. If such REO Property at the time of origination of the related mortgage loan was in an area identified in the Federal Register by the Federal Emergency Management Agency as having special flood hazards (and such flood insurance has been made available) a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration is in effect with respect to such REO Property unless such REO Property is no longer so identified.
Existing Insurance. 13. Life Insurance In Force (If none, so state.) Type: P = Personal, B = Business, G = Group) ------------------------------------------------------------- Company Type Yr of Issue Life Amount ADB Amount ------------------------------------------------------------- $ $ ------------------------------------------------------------- $ $ ------------------------------------------------------------- $ $ ------------------------------------------------------------- $ $ -------------------------------------------------------------
Existing Insurance. The schedule attached hereto as Exhibit P contains a list of the policies, insureds, additional insureds, loss-payees, coverages, coverage amounts, and deductible amounts of all of the insurance currently in effect with respect to the Property. To Seller's Knowledge, Seller has received no notice from any insurance company concerning any defects or inadequacies in the Property that, if not corrected, would result in the termination of insurance coverage or materially increase its cost.
Existing Insurance. All improvements upon each REO Property are insured by a borrower or blanket hazard insurance policy in an amount at least equal to the lesser of (1) 100% of the maximum insurable value of such improvements; (2) the replacement value of such improvements; and (3) the amount of the BPO valuation. Each such insurance policy contains a standard mortgagee clause naming Nominee for the benefit of REO Subsidiary or Servicer, its successors and assigns as loss payee or named insured, as applicable. If such REO Property at the time of origination of the related mortgage loan was in an area identified in the Federal Register by the Federal Emergency Management Agency as having special flood hazards (and such flood insurance has been made available) a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration is in effect with respect to such REO Property unless such REO Property is no longer so identified.
Existing Insurance. Seller shall maintain all existing insurance covering the Properties and Seller’s operations in full force and effect through the Closing Date.
Existing Insurance. Unless otherwise specifically agreed in writing by Accord, Company shall maintain in full force and effect at all times during the term of this Agreement, all insurance required under this Agreement and all property, fire and liability insurance (other than workers' compensation insurance) existing as of the Effective Date. Company further agrees to cause Accord to be named as an additional insured with respect to each such policy of insurance.
Existing Insurance. Certificates of paid insurance or other evidence reasonably satisfactory to Investor LP confirming that the Property will continue to be insured under the master policy or policies maintained by YSI LP or the applicable Affiliate Owner which policies shall name the Company as the insured thereunder and shall additionally name Xxxxxxx Capital Management, LLC as an additional named insured.
Existing Insurance. The Existing Insurance is currently in effect, names Borrower as an additional insured and covers the Property and all of the Project Work to be conducted thereon.
