Insurance and Endorsement. (i) Keep the Collateral and Company’s other properties insured against loss or damage by flood (if applicable) and by fire and other hazards (so-called “All Risk” coverage) in amounts and with companies satisfactory to Secured Party to the same extent and covering such risks as is customary in the same or a similar business; maintain public liability coverage, including without limitation, products liability coverage, against claims for personal injuries or death; and maintain all worker’s compensation, employment or similar insurance as may be required by applicable law; (ii) All insurance shall contain such terms, be in such form, and be for such periods reasonably satisfactory to Secured Party, and be written by such carriers duly licensed and reasonably satisfactory to Secured Party. Without limiting the generality of the foregoing, such insurance must provide that it may not be canceled without ten (10) days prior written notice to Secured Party. The Company shall cause Secured Party to be endorsed as a loss payee with a long form Holder’s loss payable clause, in form and substance reasonably acceptable to Secured Party on all such insurance. In the event of a failure to provide and maintain insurance as herein provided, Secured Party may, at its option, provide such insurance and charge the amount thereof to the Company. The Company shall furnish to Secured Party certificates or other satisfactory evidence of compliance with the foregoing insurance provisions. The Company hereby irrevocably appoints Secured Party as its attorney-in-fact, coupled with an interest, to make proofs of loss and claims for insurance, and to receive payments of the insurance and execute all documents, checks and drafts in connection with payment of the insurance. Any Proceeds received by Secured Party shall be applied to the Obligations in such order and manner as Secured Party shall determine in its sole discretion, or shall be remitted to the Company, in either event at Secured Party’s sole discretion.
Insurance and Endorsement. (i) Keep the Collateral and Shutterport's other properties insured against loss or damage by fire and other hazards (so-called "All Risk" coverage) in amounts and with companies satisfactory to Xxxxxxxxx to the same extent and covering such risks as is customary in the same or a similar business; maintain public liability coverage, including without limitation, products liability coverage, against claims for personal injuries or death; and maintain all worker's compensation, employment or similar insurance as may be required by applicable law; (ii) All insurance shall contain such terms, be in such form, and be for such periods as are reasonably satisfactory to Xxxxxxxxx, and be written by such carriers duly licensed by the State of Florida. Without limiting the generality of the foregoing, such insurance must provide that it may not be canceled without ten (10) days' prior written notice to Xxxxxxxxx. Shutterport shall cause Xxxxxxxxx to be endorsed as a loss payee with a long form Lender's Loss Payable Clause, in form and substance acceptable to Xxxxxxxxx on all such insurance. In the event of a failure to provide and maintain insurance as herein provided, Xxxxxxxxx may, at its option after having giving five (5) days prior written notice of intent to do so, provide such insurance and charge the amount thereof to Shutterport. Shutterport shall furnish to Xxxxxxxxx certificates or other satisfactory evidence of compliance with the foregoing insurance provisions. Shutterport hereby irrevocably appoints Xxxxxxxxx as its attorney-in-fact, coupled with an interest, to make proofs of loss and claims for insurance, and to receive payments of the insurance and execute all documents, checks and drafts in connection with payment of the insurance. Any Proceeds received by Xxxxxxxxx shall be applied to the Obligations or shall be remitted to Shutterport, in either event at Xxxxxxxxx'x sole discretion.
Insurance and Endorsement. (i) Keep its properties and business adequately insured against fire and other hazards (so called "All Risk" coverage) in amounts, on terms and -------- limits, and with companies reasonably satisfactory to the Lender covering such risks as are herein set forth; maintain public liability coverage, including without limitation, products liability coverage, against claims for personal injuries or death; and maintain all worker's compensation, employment or similar insurance as may be required by applicable law.
Insurance and Endorsement. (i) Keep the Collateral and Worldwide's other properties insured against loss or damage by fire and other hazards (so-called "All Risk" coverage) in amounts and with companies satisfactory to PBM to the same extent and covering such risks as is customary in the same or a similar business; maintain public liability coverage, including without limitation, products liability coverage, against claims for personal injuries or death; and maintain all worker's compensation, employment or similar insurance as may be required by applicable law; (ii) All insurance shall contain such terms, be in such form, and be for such periods as are reasonably satisfactory to PBM, and be written by such carriers duly licensed by the State of California. Without limiting the generality of the foregoing, such insurance must provide that it may not be canceled without ten (10) days' prior written notice to PBM. Worldwide shall cause PBM to be endorsed as a loss payee with a long form Lender's Loss Payable Clause, in form and substance acceptable to PBM on all such insurance. In the event of a failure to provide and maintain insurance as herein provided, PBM may, at its option after having giving five (5) days prior written notice of intent to do so, provide such insurance and charge the amount thereof to Worldwide. Worldwide shall furnish to PBM certificates or other satisfactory evidence of compliance with the foregoing insurance provisions. Worldwide hereby irrevocably appoints PBM as its attorney-in-fact, coupled with an interest, to make proofs of loss and claims for insurance, and to receive payments of the insurance and execute all documents, checks and drafts in connection with payment of the insurance. Any Proceeds received by PBM shall be applied to the Obligations or shall be remitted to Worldwide, in either event at PBM's reasonable discretion.
Insurance and Endorsement. Keep its properties and business insured against fire and other hazards (so-called "All Risk" coverage) in amounts and with companies reasonably satisfactory to Fleet covering such risks as are herein set forth; maintain public liability coverage, against claims for personal injuries or death; and maintain all worker's compensation, employment or similar insurance as may be required by applicable law. All insurance shall be in amounts, contain such terms, be in such form, be for such periods, and be written by carriers duly licensed by the state of Connecticut, all of which shall be reasonably satisfactory to Fleet. Without limiting the generality of the foregoing, such insurance must provide that it may not be canceled without thirty (30) days prior written notice to Fleet. In the event of failure to provide and maintain insurance as so provided, Fleet may, at its option, provide such insurance and charge the amount to the Revolving Loan. Borrower shall furnish to Fleet certificates or other satisfactory evidence of compliance with the foregoing insurance provisions.
Insurance and Endorsement. Keep its properties and business insured against fire and other hazards (so-called "All Risk" coverage) in amounts and with companies reasonably satisfactory to the Lender covering such risks as are herein set forth; maintain public liability coverage, against claims for personal injuries or death; and maintain all worker's compensation, employment or similar insurance as may be required by applicable law. All insurance shall be in amounts reasonably satisfactory to the Lender and shall contain such terms, be in such form, be for such periods, and be written by carriers reasonably satisfactory to the Lender. Without limiting the generality of the foregoing, such insurance must provide that it may not be cancelled without thirty (30) days prior written notice to the Lender. In the event of failure to provide and maintain insurance as provided herein, the Lender may, at its option, provide such insurance and charge the amount thereof to the Revolving Loans. The Borrower shall furnish to the Lender certificates or other satisfactory evidence of compliance with the foregoing insurance provisions.
Insurance and Endorsement. Keep its properties and business insured against fire and other hazards (so-called "All Risk" coverage) in amounts and with companies reasonably satisfactory to Fleet covering such risks as are herein set forth; maintain public liability coverage, against claims for personal injuries or death; and maintain all worker's compensation, employment or similar insurance as may be required by applicable law. All insurance shall be in amounts reasonably satisfactory to Fleet and shall contain such terms, be in such form, be for such periods, and be written by carriers duly licensed by the state of Connecticut and reasonably satisfactory to Fleet. Without limiting the generality of the foregoing, such insurance must provide that it may not be canceled without thirty (30) days prior written notice to Fleet. With respect to the Collateral, Borrower shall cause Fleet to be endorsed as a loss payee. In the event of failure to provide and maintain insurance as so provided, Fleet may, at its option, provide such insurance and charge the amount to the Revolving Loan. Borrower shall furnish to Fleet certificates or other satisfactory evidence of compliance with the foregoing insurance provisions. Borrower irrevocably appoints Fleet as its attorney-in-fact, coupled with an interest, to make proofs of loss and claims for insurance, and to receive payments of the insurance and execute all documents, checks and drafts in connection with payments of the insurance. (b)
