Common use of Form Satisfactory, Etc Clause in Contracts

Form Satisfactory, Etc. All of the policies of insurance referred ---------------------- to in this Article XIII shall be written in a form, with deductibles and by ------------ insurance companies satisfactory to Lessor and shall satisfy the requirements of any ground lease, mortgage, security agreement or other financing lien, if any, on the Leased Property and of the Management Agreement. The party responsible for obtaining any policy shall pay all of the premiums therefor, and deliver copies of such policies or certificates thereof to the other party 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 the responsible party either to effect such insurance as herein called for or to pay the premiums therefor, or to deliver such policies or certificates thereof to the other party at the times required, such other party shall be entitled, but shall have no obligation, after ten (10) 41 days' Notice to the responsible party (or after less than ten (10) days' Notice if required to prevent the expiration of any existing policy), to effect such insurance and pay the premiums therefor, and to be reimbursed for any such premiums upon written demand therefor. Each insurer mentioned in this Article ------- XIII shall agree, by endorsement to the policy or policies issued by it, or by ---- independent instrument furnished to the party not responsible hereunder for obtaining such policy, that it will give to such party thirty (30) days' written notice before the policy or policies in question shall be materially altered, allowed to expire or canceled.

Form Satisfactory, Etc. All of the policies of insurance ---------------------- referred ---------------------- to in this Article XIII shall be written in a form, with deductibles and by ------------ insurance companies satisfactory to Lessor and Lessee and shall satisfy the requirements of any ground lease, mortgageMortgage, security agreement or other financing lien, if any, on and the Leased Property and of the Management Franchise Agreement. The party responsible for obtaining any policy shall pay all of the premiums therefor, and deliver copies of such policies or certificates thereof to the other party prior to their effective date (and, with respect to any renewal policy, thirty (30) 10 days prior to the expiration of the existing policy), and in the event of the failure of the responsible party either to effect such insurance as herein called for or to pay the premiums therefor, or to deliver such policies or certificates thereof to the other party at the times required, such other party shall be entitled, but shall have no obligation, after ten (10) 41 10 days' Notice to the responsible party (or after less than ten (10) days' Notice if required to prevent the expiration of any existing policy)party, to effect such insurance and pay the premiums therefor, and to be reimbursed for any such premiums upon written demand therefor. Each insurer mentioned in this Article ------- XIII shall agree, by endorsement to the policy or policies issued by it, or by ---- independent instrument furnished to the party not responsible hereunder for obtaining such policy, that it will give to such party thirty (30) 10 days' written notice Notice before the policy or policies in question shall be materially altered, allowed to expire or canceled.

Form Satisfactory, Etc. All of the policies of insurance referred ---------------------- to in this Article XIII Section 13 shall be written in a form, with deductibles and by ------------ insurance companies satisfactory to Lessor and shall satisfy Landlord. Subject to the requirements of any ground leaseright to reimbursement or credit specified in Section 13.1, mortgage, security agreement or other financing lien, if any, on the Leased Property and of the Management Agreement. The party responsible for obtaining any policy shall pay all of the premiums therefor, and deliver copies of such policies or certificates thereof to the other party 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 the responsible party either to effect such insurance as herein called for or to pay the premiums therefor, or to deliver such policies or certificates thereof to the other party at the times required, such other party shall be entitled, but shall have no obligation, after ten (10) 41 days' Notice to the responsible party (or after less than ten (10) days' Notice if required to prevent the expiration of any existing policy), to effect such insurance and pay the premiums therefor, and to be reimbursed for any such premiums upon written demand therefor. The responsible party’s failure to repay the same within thirty (30) days after Notice of such failure shall constitute an Event of Default within the meaning of Section 16.1(b). Each insurer mentioned in this Article ------- XIII Section shall agree, by endorsement to the policy or policies issued by it, or by ---- independent instrument furnished to the party not responsible hereunder for obtaining such policy, that it will give to such party thirty (30) days' ’ written notice before the policy or policies in question shall be materially altered, allowed to expire or canceled.

Form Satisfactory, Etc. All of the policies of insurance referred ---------------------- to in this Article XIII shall be written in a form, with deductibles and by ------------ insurance companies satisfactory to Lessor and Lessee and shall satisfy the requirements of any ground leaseGround Lease, mortgageMortgage, security agreement or other financing lien, if any, on the Leased Property and of the Management Franchise Agreement. The party responsible for obtaining any policy shall pay all of the premiums therefor, and deliver copies of such policies or certificates thereof to the other party prior to their effective date (and, with respect to any renewal policy, thirty not less than ten (3010) days prior to the expiration of the existing policy), and in the event of the failure of the responsible party either to effect such insurance as herein called for or to pay the premiums therefor, or to deliver such policies or certificates thereof to the other party at the times required, such other party shall be entitled, but shall have no obligation, after ten not less than five (105) 41 days' Notice to the responsible party (or after less than ten (10) days' Notice if required to prevent the expiration of any existing policy)party, to effect such insurance and pay the premiums therefor, and to be reimbursed for any such premiums upon written demand therefor. Each insurer mentioned in this Article ------- XIII shall agree, by endorsement to the policy or policies issued by it, or by ---- independent instrument furnished to the party not responsible hereunder for obtaining such policy, that it will give to such party thirty not less than ten (3010) days' prior written notice before the policy or policies in question shall be materially altered, allowed to expire or canceled.