Failure to Carry Insurance. If Tenant does not keep or cause to be kept insurance required by this Lease in full force and effect, and such failure continues for ten (10) days after written notice from Landlord, Landlord may, at its option (but with no obligation to do so), take out and/or pay the premiums on the insurance needed to fulfill the obligations under the provisions of this Article X. Upon demand from Landlord, Xxxxxx shall reimburse Landlord the full amount of any amounts (including insurance premiums) paid by Landlord pursuant to this Section 10.3, with interest at the Delinquency Interest Rate from the date of Landlord’s payment thereof through the date of Xxxxxx’s reimbursement thereof.
Failure to Carry Insurance. Tenant's failure to carry any -------------------------- policy of insurance required by Article IX, and Tenant shall not cure such ---------- failure prior to ten (10) days after written notice thereof is sent to Tenant. If such failure is susceptible of cure but cannot with reasonable diligence be cured within such ten day period, and if Tenant shall promptly have commenced to cure the same and shall thereafter prosecute the curing thereof with reasonable diligence, the period within which such failure may be cured shall be extended for such further period (not to exceed an additional ten (10) days beyond the initial ten (10) day cure period) as shall be reasonably necessary for the curing thereof.
Failure to Carry Insurance. Tenant's failure to carry any policy of insurance required by ARTICLE 9.
Failure to Carry Insurance. If WAQUA fails to keep or cause to be kept insurance required in this Agreement in full force and effect, EISD may notify WAQUA of this failure, and if WAQUA does not deliver to EISD certificates showing all such insurance to be in full force and effect within ten (10) days after this notice, EISD may, at its option (but shall have no obligation to do so), take out and/or pay the premiums on the insurance needed to fulfill WAQUA’s obligations under the provisions of this Article. Upon demand from EISD, WAQUA shall reimburse EISD the full amount of any insurance premiums paid by WAQUA pursuant to this section, plus interest on such amount at a rate of ten (10%) percent per annum.
Failure to Carry Insurance. If Owner fails to carry the insurance required hereunder or to provide Manager with the required certificates, Manager may, but shall not be obligated to, acquire such insurance. If Manager carries such insurance under its master policy. Owner understands and agrees that Manager is not an insurance agent, and will provide such coverage without any representations or warranties whatsoever, including, without limitation (i) whether any information describing coverage in place is accurate or complete, (ii) whether the coverage in place is adequate, or (iii) whether the insurance companies providing such coverage are financially sound. In the event Manager obtains the insurance on the Property, Owner shall pay all costs thereof attributable to the Property, including without limitation any uninsured claims or deductibles that may apply. Manager may charge the cost all of the foregoing costs to the operating account.
Failure to Carry Insurance. 35 Public Liability Insurance not in Effect . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
Failure to Carry Insurance. Lessee shall fail to carry and maintain insurance on or with respect to the Aircraft in accordance with the provisions of Section 11 provided that, in the case of insurance with respect to which cancellation, change, or lapse for nonpayment of premium shall not be effective as to Lessor for thirty (30) days (seven (7) days, or such shorter period as may from time to time be customarily obtainable in the industry, in the case of any war risk and allied perils coverage) after receipt of notice by Lessor of such cancellation, change, or lapse, no such failure to carry and maintain insurance shall constitute an Event of Default hereunder until the earlier of (i) the date such failure shall have continued unremedied for a period of fifteen (15) days (three (3) days or 24 hours less than any shorter notice period in the case of any war risk and allied perils coverage) after receipt by Lessor of the notice of
Failure to Carry Insurance. In the event of the failure of Lessee to maintain any insurance required hereunder, Lessor may at its election (but shall not be obligated to) procure such insurance, at reasonable premium rates, as may be necessary to comply with the above requirements, and Lessee agrees to repay the cost of same to Lessor on demand, with interest thereon at the Contract Rate until paid. The term “Contract Rate” shall mean the lesser of (i) the highest prime rate of interest published in the Money Section of the Wall Street Journal from time to time during the term of this Lease (“Prime Rate”) plus three percent (3%) or (ii) the highest lawful rate permitted by applicable law. The Contract Rate shall change as often as and contemporaneously with any change in the Prime Rate.
Failure to Carry Insurance. In the event ' P!:A Transferee shall, at any time neglect or refuse to procure or Y4 maintain insurance or self insurance as herein required, Transferor may at its option and following at least thirty (30) days' written notice to Transferee, except where a shorter period of written notice is necessary to avoid a default on the Bonds, or TP '3 pt to prevent any loss or forfeiture thereof, procure and maintain such insurance and Transferee shall be obligated to reimburse promptly Transferor for all amounts expended in connection .t therewith. 7 % ? :*,:•0, SECTION 6.05. Insurance Required by Bond Indentures . Anything in Section 6 .01 through Section 6.04 of this Article VI .4 ,t 1‘ .. to the contrary notwithstanding, all those insurance provisions required to be secured and maintained as provided in Section 7.03 of Article VII of the Bond Indentures, shall be fully observed by : 4.? the Transferee. - !:,: • -30- _ -...--*---- - -- --------, -- :.• ARTICLE VII
Failure to Carry Insurance. In the event Lessee shall at any time neglect or refuse to procure or maintain insurance or self-insurance as herein required, the Authority, following at least thirty(30) days written notice to Lessee(except where a shorter period of written notice is necessary to 25 Xxxxx Memorial Hospital Corporation • EIN:00-0000000 • • prevent any loss or forfeiture thereof)shall procure and maintain such insurance as is required hereunder, and Lessee shall be obligated to reimburse the Authority for all amounts expended in connection therewith. Section 9.5
