Common use of Form and Quality Clause in Contracts

Form and Quality. All insurance required hereunder shall be obtained under valid and enforceable policies (collectively, the “Policies” or in the singular, the “Policy”), and shall be subject to the approval of Administrative Agent as to insurance companies, amounts, deductibles, loss payees and insureds. The Policies shall be issued by financially sound and responsible insurance companies authorized to do business in the state or commonwealth where the Property is located and must have an A.M. Best policy holder rating of “A-” or better (or an equivalent rating approved in writing by the Administrative Agent). To the extent such Policies are not available as of the date hereof, Borrower shall deliver to Administrative Agent an Xxxxx 28 (property) and Xxxxx 25 (liability) or similar certificates of insurance evidencing the coverages and amounts required hereunder. Not less than ten (10) days prior to the expiration date of any insurance coverage in place with respect to the Property, Borrower shall deliver to Administrative Agent an Xxxxx 28 (property) and Xxxxx 25 (liability) or similar certificates of insurance, evidencing renewal of coverage as required herein, accompanied by evidence satisfactory to Administrative Agent of payment of the premiums due in connection therewith (the “Insurance Premiums”), and, as soon as available thereafter, copies of other evidence of coverage of such Policies requested by Administrative Agent. The certificates of insurance must include all limits, sub-limits and deductibles and must list the Certificate Holder as provided by the Administrative Agent. The Administrative Agent shall not be deemed by reason of the custody of any insurance policies, certificates or binders or copies thereof to have knowledge of the contents thereof. The Administrative Agent reserves the right to request certified copies of the insurance policies required in this Article.

Form and Quality. All insurance required hereunder shall be obtained under valid and enforceable policies (collectively, the “Policies” or in the singular, the “Policy”), and shall be subject to the approval of Administrative Agent Lender as to insurance companies, amounts, deductibles, loss payees and insureds. The Policies shall be issued by financially sound and responsible insurance companies authorized to do business in the state or commonwealth where the Property is located and must have an A.M. Best policy holder rating of “A-” or better (or an equivalent rating approved in writing by the Administrative AgentLender). To the extent such Policies are not available as of the date hereof, Borrower shall deliver to Administrative Agent Lender an Xxxxx 28 (property) and Xxxxx 25 (liability) or similar certificates of insurance evidencing the coverages and amounts required hereunder. Not less than ten (10) days prior to the expiration date of any insurance coverage in place with respect to the Property, Borrower shall deliver to Administrative Agent Lender an Xxxxx 28 (property) and Xxxxx 25 (liability) or similar certificates of insurance, evidencing renewal of coverage as required herein, accompanied by evidence satisfactory to Administrative Agent Lender of payment of the premiums due in connection therewith (the “Insurance Premiums”), and, as soon as available thereafter, copies of other evidence of coverage of such Policies requested by Administrative AgentLender. The certificates of insurance must include all limits, sub-limits and deductibles and must list the Certificate Holder as provided by the Administrative AgentLender. The Administrative Agent Lender shall not be deemed by reason of the custody of any insurance policies, certificates or binders or copies thereof to have knowledge of the contents thereof. The Administrative Agent Lender reserves the right to request certified copies of the insurance policies required in this Article.

Form and Quality. All insurance required hereunder shall be obtained under valid and enforceable policies (collectively, the “Policies” or in the singular, the “Policy”), and shall be subject to the approval of Administrative Agent as to insurance companies, amounts, deductibles, loss payees and insureds. The Policies shall be issued by financially sound and responsible insurance companies authorized to do business in the state or commonwealth where the Property is located and must have an A.M. Best policy holder rating of “A-” or better (or an equivalent rating approved in writing by the Administrative Agent). To the extent such Policies are not available as of the date hereof, Borrower shall deliver to Administrative Agent an Xxxxx 28 (property) and Xxxxx 25 (liability) or similar certificates of insurance evidencing the coverages and amounts required hereunder. Not less than ten (10) days prior to the expiration date of any insurance coverage in place with respect to the Property, Borrower shall deliver to Administrative Agent an Xxxxx 28 (property) and Xxxxx 25 (liability) or similar certificates of insurance, evidencing renewal of coverage as required herein, accompanied by evidence satisfactory to Administrative Agent of payment of the premiums due in connection therewith (the “Insurance Premiums”), and, as soon as available thereafter, copies of other evidence of coverage of such Policies requested by Administrative Agent. The certificates of insurance must include all limits, sub-limits and deductibles and must list the Certificate Holder as provided by the Administrative Agent. The Administrative Agent shall not be deemed by reason of the custody of any insurance policies, certificates or binders or copies thereof to have knowledge of the contents thereof. The Administrative Agent reserves the right to request certified copies of the insurance policies required in this Article.

Form and Quality. All insurance required hereunder shall be obtained under valid and enforceable policies (collectively, the “Policies” or in the singular, the “Policy”), and shall be subject to the approval of Administrative Agent Lender as to insurance companies, amounts, deductibles, loss payees and insureds. The Policies shall be issued by financially sound and responsible insurance companies authorized to do business in the state or commonwealth where the Property is located and must have an A.M. Best policy holder rating of “A-” or better (or an equivalent rating approved in writing by the Administrative AgentLender). To the extent such Policies are not available as of the date hereof, Borrower shall deliver to Administrative Agent Lender an Xxxxx 28 (property) and Xxxxx 25 (liability) or similar certificates of insurance evidencing the coverages and amounts required hereunder. Not less than ten (10) days prior to the expiration date of any insurance coverage in place with respect to the Property, Borrower shall deliver to Administrative Agent Lender an Xxxxx 28 (property) and Xxxxx 25 (liability) or similar certificates of insurance, evidencing renewal of coverage as required herein, accompanied by evidence satisfactory to Administrative Agent Lender of payment of the premiums due in connection therewith (the “Insurance Premiums”), and, as soon as available thereafter, copies of other evidence of coverage of such Policies requested by Administrative AgentLender. The certificates of insurance must include all limits, sub-limits and deductibles and must list the Certificate Holder as provided by the Administrative AgentLender. The Administrative Agent Lender shall not be deemed by reason of the custody of any insurance policies, certificates or binders or copies thereof to have knowledge of the contents thereof. The Administrative Agent Lender reserves the right to request certified copies of the insurance policies required in this Article.

Form and Quality. All insurance required hereunder shall be obtained under valid and enforceable policies (collectively, the “Policies” or in the singular, the “Policy”), and shall be subject to the approval of Administrative Agent Lender as to insurance companies, amounts, deductibles, loss payees and insureds. The Policies shall be issued by financially sound and responsible insurance companies authorized to do business in the state or commonwealth where the Property is located and must have an A.M. Best policy holder rating of “A-” or better (or an equivalent rating approved in writing by the Administrative AgentLender). To the extent such Policies are not available as of the date hereof, Borrower shall deliver to Administrative Agent Lender an Xxxxx 28 (property) and Xxxxx 25 (liability) or similar certificates of insurance evidencing the coverages and amounts required hereunder. Not less than ten five (105) days prior to the expiration date of any insurance coverage in place with respect to the Property, Borrower shall deliver to Administrative Agent Lender an Xxxxx 28 (property) and Xxxxx 25 (liability) or similar certificates of insurance, evidencing renewal of coverage as required herein. Prior to the expiration date of any insurance coverage in place with respect to the Property, accompanied by Borrower shall deliver to Lender evidence satisfactory to Administrative Agent Lender of payment of the premiums due in connection therewith with the renewal of coverage (the “Insurance Premiums”), and, as soon as available thereafter, copies of all renewal Policies or other evidence of coverage the coverages of such Policies requested by Administrative Agentotherwise satisfactory to Lender. The certificates of insurance must include all limits, sub-limits and deductibles and must list the Certificate Holder as provided by the Administrative AgentLender. The Administrative Agent Lender shall not be deemed by reason of the custody of any insurance policies, certificates or binders or copies thereof to have knowledge of the contents thereof. The Administrative Agent Lender reserves the right to request certified copies of the insurance policies required in this Article.