Form Satisfactory. Not in any way in limitation of any other provision of this Agreement, all proceedings taken in connection with the transactions provided herein, all documents required or contemplated by this Agreement, the designation of the persons responsible for the preparation and execution thereof, and the form of policies of insurance and the issuers thereof shall be reasonably satisfactory to Lender.
Form Satisfactory. All of the policies of insurance referred to in this Article 8 shall be written by a company licensed to do business in the State of New York and acceptable to Owner and in a form acceptable to Owner (which acceptance shall not be unreasonably conditioned, withheld, or delayed), with deductibles reasonably satisfactory to Owner.
Form Satisfactory. All of the policies of insurance referred to in this Section 8 shall be written in a form, with deductibles and by insurance companies reasonably satisfactory to the party to whom the benefit of the insurance runs in accordance with the terms of this Agreement. Lessee shall deliver such policies or certificates thereof to Manager prior to their effective date (and, with respect to any renewal policy, thirty (30) days prior to the expiration of the existing policy), and in the event of the failure of Lessee to effect such Island Hospitality Management II, Inc. Hotel Management Agreement (Hotel Name) Page 12 of 23 insurance as herein called for, or to deliver such policies or certificates thereof to Manager at the times required, Manager shall be entitled, but shall have no obligation, to effect such insurance, the premiums for which will be paid in accordance with Section 8.04. Each insurer mentioned in this Section 8 shall agree, by endorsement of the policy or policies issued by it, or by independent instrument, that it will give to Lessee and Manager thirty (30) days’ written notice before the policy or policies in question shall be materially altered, allowed to expire or canceled.