Common use of General Coverage Clause in Contracts

General Coverage. Each of the Guarantor and the Borrower will, and will cause each of its Subsidiaries to, maintain with financially sound and reputable insurers insurance with respect to its properties and business against such casualties and contingencies as shall be in accordance with the general practices of businesses engaged in similar activities in similar geographic areas and in amounts, containing such terms, in such forms and for such periods as may be reasonable and prudent and in accordance with the terms of the Security Agreements. The Borrower will maintain insurance on the Mortgaged Properties in accordance with the terms of the Mortgages. The Agent shall be named as loss payee and additional insured on all such insurance policies.