Common use of General Business Insurance Clause in Contracts

General Business Insurance. To maintain insurance satisfactory to the Bank as to amount, nature and carrier covering property damage (including loss of use and occupancy) to any of the Borrower’s properties, business interruption insurance, public liability insurance including coverage for contractual liability, product liability and workers’ compensation, and any other insurance which is usual for the Borrower’s business. Each policy shall provide for at least 30 days prior notice to the Bank of any cancellation thereof.

Appears in 15 contracts

Samples: Credit Agreement, Loan Agreement (Energy Resources 12, L.P.), Loan Agreement (Technical Communications Corp)

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General Business Insurance. To maintain insurance satisfactory to the Bank as to amount, nature and carrier covering property damage (including loss of use and occupancy) to any of the Borrower’s properties, business interruption insurance, public liability insurance including coverage for contractual liability, product liability and workers’ compensation, and any other insurance which is usual for the Borrower’s business. Each policy shall provide for at least 30 thirty (30) days prior notice to the Bank of any cancellation thereof.

Appears in 12 contracts

Samples: Loan Agreement (Lapolla Industries Inc), First Amended And (Schmitt Industries Inc), Loan Agreement (Annie's, Inc.)

General Business Insurance. To maintain insurance satisfactory to the Bank as to amount, nature and carrier covering property damage (including loss of use and occupancy) to any of the Borrower’s 's properties, business interruption insurance, public liability insurance including coverage for contractual liability, product liability and workers' compensation, and any other insurance which is usual for the Borrower’s 's business. Each policy shall provide for at least 30 days prior notice to the Bank of any cancellation thereof.

Appears in 5 contracts

Samples: Loan Agreement (California First National Bancorp), Loan Agreement (Saker Aviation Services, Inc.), Loan Agreement (Connecticut Water Service Inc / Ct)

General Business Insurance. To maintain insurance satisfactory to the Bank as to amount, nature and carrier covering property damage (including loss of use and occupancy) to any of the Borrower’s 's properties, business interruption insurance, public liability insurance including coverage for contractual liability, product liability and workers' compensation, and any other insurance which is usual for the Borrower’s 's business. Each policy shall provide for at least 30 thirty (30) days prior notice to the Bank of any cancellation thereof.

Appears in 5 contracts

Samples: Loan Agreement (Radiant Logistics, Inc), Loan Agreement (DJSP Enterprises, Inc.), Loan Agreement (Video Display Corp)

General Business Insurance. To maintain insurance satisfactory to the Bank as to amount, nature and carrier covering including property damage insurance (including loss of use and occupancy) with respect to any of the Borrower’s or any Subsidiary’s properties, business interruption insurance, public liability insurance including coverage for contractual liability, product liability and workers’ compensation, and any other insurance which that is usual for the Borrower’s business. Each policy shall provide for at least 30 days thirty (30) days’ prior notice to the Bank of any cancellation thereof.

Appears in 3 contracts

Samples: Loan Agreement (Cumberland Pharmaceuticals Inc), Loan Agreement (Cumberland Pharmaceuticals Inc), Loan Agreement (Cumberland Pharmaceuticals Inc)

General Business Insurance. To maintain insurance satisfactory to the Bank as to amount, nature and carrier covering property damage (including loss of use and occupancy) to any of the Borrower’s Borrowers' properties, business interruption insurance, public liability insurance including coverage for contractual liability, product liability and workers' compensation, and any other insurance which is usual for the Borrower’s Borrowers' business. Each policy shall provide for at least 30 days prior notice to the Bank of any cancellation thereof.

Appears in 2 contracts

Samples: Loan Agreement (Iaso Pharma Inc), Loan Agreement (Air T Inc)

General Business Insurance. To maintain insurance satisfactory to the Bank Lender as to amount, nature and carrier covering property damage (including loss of use and occupancy) to any of the Borrower’s properties, business interruption insurance, public liability insurance including coverage for contractual liability, product liability and workers’ compensation, and any other insurance which is usual for the Borrower’s business. Each policy shall provide for at least 30 thirty (30) days prior notice to the Bank Lender of any cancellation thereof.

Appears in 2 contracts

Samples: Loan Agreement (Stryve Foods, Inc.), Loan Agreement (Stryve Foods, Inc.)

General Business Insurance. To maintain insurance reasonably satisfactory to the Bank as to amount, nature and carrier covering property damage (including loss of use and occupancy) to any of the Borrower’s properties, business interruption insurance, public liability insurance including coverage for contractual liability, product liability and workers’ compensation, and any other insurance which is usual for the Borrower’s business. Each policy shall provide for at least 30 thirty (30) days prior notice to the Bank of any cancellation thereof.

Appears in 2 contracts

Samples: Loan Agreement (Grand Canyon Education, Inc.), Loan Agreement (Grand Canyon Education, Inc.)

General Business Insurance. To maintain insurance satisfactory that is customary in the Borrower’s business and adequate to protect against risks to the Bank Borrower’s operations as to amount, nature and carrier covering property damage (including loss of use and occupancy) to any of the Borrower’s properties, business interruption insuranceinterruption, public liability insurance including coverage for contractual liability, product liability and workers’ compensation, and any other insurance which is usual for the Borrower’s business. Each policy shall provide for at least 30 days prior notice to the Bank of any cancellation thereof.

Appears in 1 contract

Samples: Loan Agreement (Newport Corp)

General Business Insurance. To maintain insurance satisfactory to the Bank as to amount, nature and carrier covering property damage (including loss of use and occupancy) to any of the Borrower’s 's properties, business interruption insurance, public liability insurance including coverage for contractual liability, product liability and workers’ workers1 compensation, and any other insurance which is usual for the Borrower’s 's business. Each policy shall provide for at least 30 days prior notice to the Bank of any cancellation thereof.

Appears in 1 contract

Samples: Loan Agreement (Vertex Energy Inc.)

General Business Insurance. To maintain insurance reasonably satisfactory to the Bank as to amount, nature and carrier covering property damage (including loss of use and occupancy) to any of the Borrower’s 's properties, business interruption insurance, public liability insurance including coverage for contractual liability, product liability and workers' compensation, and any other insurance which is usual for the Borrower’s 's business. Each policy shall provide for at least 30 thirty (30) days prior notice to the Bank of any cancellation thereof.

Appears in 1 contract

Samples: Pledge Agreement (Tootsie Roll Industries Inc)

General Business Insurance. To maintain insurance reasonably satisfactory to the Bank as to amountamount and nature, in each case which are customary for companies of a similar size and nature to Borrower, and carrier covering property damage (including loss of use and occupancy) to any of the Borrower’s 's properties, business interruption insurance, public liability insurance including coverage for contractual liability, product liability and workers' compensation, and any other insurance which is usual for the Borrower’s business. 's business Each policy shall provide for at least 30 days prior notice to the Bank of any cancellation thereof.

Appears in 1 contract

Samples: Loan Agreement (Mimedx Group, Inc.)

General Business Insurance. To maintain insurance satisfactory to the Bank as to amount, nature and carrier covering property damage (including loss of use and occupancy) to any of the Borrower’s properties, business interruption insurance, public liability insurance including coverage for contractual liability, product liability and workers’ compensation, and any other insurance which is usual for the Borrower’s business. Each policy shall provide for at least 30 days thirty (30) days’ prior notice to the Bank of any cancellation thereof.

Appears in 1 contract

Samples: Loan Agreement and Waiver (Jamba, Inc.)

General Business Insurance. To maintain insurance satisfactory to the Bank as to amount, nature and carrier covering property damage (including loss of use and occupancy) to any of the Borrower’s properties, business interruption insurance, public liability insurance including coverage for contractual liability, product liability and workers’ compensation, and any other insurance which is usual for the Borrower’s business. Each policy shall provide for at least 30 days prior notice to the Bank of any cancellation thereof.. 51-727006-new-ldj

Appears in 1 contract

Samples: Loan Agreement (Apple REIT Ten, Inc.)

General Business Insurance. To maintain insurance satisfactory to the Bank as to amount, nature and carrier covering property damage (including loss of use and occupancy) to any of the Borrower’s properties, business interruption insurance, public liability insurance including coverage for contractual liability, product liability and workers’ compensation, and any other insurance which is usual for the Borrower’s business. Each No later than thirty (30) days after the Effective Date, the Borrower shall cause each policy shall to provide for at least 30 thirty (30) days prior notice to the Bank of any cancellation thereof.

Appears in 1 contract

Samples: Loan Agreement (Immunomedics Inc)

General Business Insurance. To maintain Maintain insurance satisfactory to the Bank as to amount, nature and carrier covering property damage (including loss of use and occupancy) to any of the Borrower’s its properties, business interruption insurance, public liability insurance including coverage for contractual liability, product liability and workers’ compensation, and any other insurance which is usual for the Borrower’s its business. Each policy shall provide for at least 30 thirty (30) days prior notice to the Bank of any cancellation thereof.

Appears in 1 contract

Samples: Loan Agreement (Vocus, Inc.)

General Business Insurance. To maintain insurance satisfactory to the Bank as to amount, nature and carrier covering property damage (including loss of use and occupancy) to any of the Borrower’s properties, business interruption insurance, public liability insurance including coverage for contractual liability, product liability and workers’ compensation, and any other insurance which that is usual for the Borrower’s business. Each policy shall provide for at least 30 days thirty (30) days’ prior notice to the Bank of any cancellation thereof.

Appears in 1 contract

Samples: Loan Agreement (Cumberland Pharmaceuticals Inc)

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General Business Insurance. To maintain insurance satisfactory to the Bank as to amount, nature and carrier covering property damage (including loss of use and occupancy) to any of the Borrower’s propertiesproperties (including without limitation the Equipment), business interruption insurance, public liability insurance including coverage for contractual liability, product liability and workers’ compensation, and any other insurance which is usual for the Borrower’s business, including the insurance required by the Deed of Trust. The policy covering damage to Equipment shall be endorsed, in a manner satisfactory to the Bank, to name the Bank as loss payee thereunder with respect to Equipment. Each policy shall provide for at least 30 thirty (30) days prior notice to the Bank of any cancellation thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Kewaunee Scientific Corp /De/)

General Business Insurance. To maintain insurance reasonably satisfactory to the Bank as to amount, nature and carrier covering property damage (including loss of use and occupancy) to any of the BorrowerObligor’s properties, business interruption insurance, public liability insurance including coverage for contractual liability, product liability and workers’ compensation, and any other insurance which is usual for the Borrowersuch Obligor’s business. Each Borrower’s primary general liability insurance policy shall provide for at least 30 thirty (30) days prior notice to the Bank of any cancellation thereof.. (b)

Appears in 1 contract

Samples: Active 696074304v9 Loan Agreement (Lifevantage Corp)

General Business Insurance. To maintain insurance reasonably satisfactory to the Bank as to amount, nature and carrier covering property damage (including loss of use and occupancy) to any of the BorrowerObligor’s properties, business interruption insurance, public liability insurance including coverage for contractual liability, product liability and workers' compensation, and any other insurance which is usual for the Borrowersuch Obligor’s business. Each Borrower’s primary general liability insurance policy shall provide for at least 30 thirty (30) days prior notice to the Bank of any cancellation thereof.

Appears in 1 contract

Samples: Loan Agreement (Natures Sunshine Products Inc)

General Business Insurance. To maintain insurance satisfactory to the Bank as to amount, nature and carrier covering property damage (including loss of use and occupancy) to any of the Borrower’s properties, business interruption insurance, public liability insurance including coverage for contractual liability, product liability and workers’ compensation, and any other insurance which is usual for the Borrower’s business. Each policy shall must provide for at least 30 thirty (30) days prior notice to the Bank of any cancellation thereof.

Appears in 1 contract

Samples: Loan Agreement (Super Micro Computer, Inc.)

General Business Insurance. To maintain insurance satisfactory to the Bank as to amount, nature and carrier covering property damage (including loss of use and occupancy) to any of the BorrowerObligor’s properties, business interruption insurance, public liability insurance including coverage for contractual liability, product liability and workers’ compensation, and any other insurance which is usual for the Borrowersuch Obligor’s business. Each policy shall provide for at least 30 thirty (30) days prior notice to the Bank of any cancellation thereof.

Appears in 1 contract

Samples: Credit Agreement (Bowman Consulting Group Ltd.)

General Business Insurance. To maintain insurance satisfactory to the Bank as to amount, nature and carrier covering property damage (including loss of use and occupancy) to any of the BorrowerObligor’s properties, business interruption insurance, public liability insurance including coverage for contractual liability, product liability and workers' compensation, and any other insurance which is usual for the Borrowersuch Obligor’s business. Each policy shall provide for at least 30 thirty (30) days prior notice to the Bank of any cancellation thereof.

Appears in 1 contract

Samples: Loan Agreement (Advanced Energy Industries Inc)

General Business Insurance. To maintain insurance satisfactory to the Bank as to amount, nature and carrier covering property damage (including loss of use and occupancy) to any of the Borrower’s Borrowers’ properties, business interruption insurance, public liability insurance including coverage for contractual liability, product liability and workers’ compensation, and any other insurance which is usual for the Borrower’s Borrowers’ business. Each policy shall provide for at least 30 days prior notice to the Bank of any cancellation thereof.

Appears in 1 contract

Samples: Loan Agreement (Radiant Logistics, Inc)

General Business Insurance. To Each of the Borrower and its Subsidiaries shall maintain insurance satisfactory to the Bank as to amount, nature and carrier covering property damage (including loss of use and occupancy) to any of the Borrower’s their respective properties, business interruption insurance, public liability insurance including coverage for contractual liability, product liability and workers’ compensation, and any other insurance which is usual for the Borrower’s businesstheir businesses. Each policy shall provide for at least 30 thirty (30) days prior notice to the Bank of any cancellation thereof.

Appears in 1 contract

Samples: Loan Agreement (Premier Exhibitions, Inc.)

General Business Insurance. To maintain insurance satisfactory to the Bank as to amount, nature and carrier covering property damage (including loss of use and occupancy) to any of the Borrower’s Borrowers' properties, business interruption insurance, public liability insurance including coverage for contractual liability, product liability and workers' compensation, and any other insurance which is usual for the Borrower’s businessBorrowers' businesses. Each policy shall provide for at least 30 thirty (30) days prior notice to the Bank of any cancellation thereof.

Appears in 1 contract

Samples: Loan Agreement (Mexco Energy Corp)

General Business Insurance. To maintain insurance satisfactory to the Bank as to amount, nature and carrier covering property damage (including loss of use and occupancy) to any of the Borrower’s 's properties, business interruption insurance, public liability insurance including coverage for contractual liability, product liability and workers' compensation, and any other insurance which is usual for the Borrower’s 's business. Each policy shall provide for at least 30 thirty (30) days prior notice to the Bank of any cancellation thereof.

Appears in 1 contract

Samples: Credit Agreement (Cash Systems Inc)

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