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 Obligor’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 such Obligor’s business. Each policy shall include a cancellation clause in favor of the Bank.

Appears in 4 contracts

Samples: Loan Agreement (R F Industries LTD), Loan Agreement (Zynex Inc), Loan Agreement (Graham 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 Obligor’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 such Obligor’s business. Each policy shall include a cancellation clause in favor of the Bank.

Appears in 2 contracts

Samples: Loan Agreement (HireQuest, Inc.), Loan Agreement (Thorne Healthtech, 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 ObligorBorrower’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 such ObligorBorrower’s business. Each policy shall include a cancellation clause in favor of the Bank.

Appears in 1 contract

Samples: Loan Agreement (CUI Global, 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 Obligor’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 such Obligor’s 's business. Each policy shall include a cancellation clause in favor of the Bank.

Appears in 1 contract

Samples: Loan Agreement (HF Foods 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 Obligor’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 such Obligor’s 's business. Each policy shall include a cancellation clause in favor of the Bank.. (b)

Appears in 1 contract

Samples: Loan Agreement (BurgerFi International, Inc.)

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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 ObligorBorrower’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 such Obligorthe Borrower’s business. Each policy shall include a cancellation clause in favor of the Bank.

Appears in 1 contract

Samples: Credit Agreement Between Tejon Ranchcorp (Tejon Ranch Co)

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 ObligorBorrower’s properties, business interruption insurance, public liability insurance including 7 coverage for contractual liability, product liability and workers’ compensation, and any other insurance which is usual for such ObligorBorrower’s business. Each policy shall include a cancellation clause in favor of the BankLender.

Appears in 1 contract

Samples: Term Loan Agreement (BBX Capital, 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 Obligor’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 such Obligor’s 's business. Each policy shall include a cancellation clause in favor of the Bank.

Appears in 1 contract

Samples: Loan Agreement (Solitron Devices Inc)

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