Common use of Insurance Coverages Clause in Contracts

Insurance Coverages. (a) Borrower will maintain such insurance coverages and endorsements in form and substance and in amounts as Lender may require in its sole discretion, from time to time. Until Lender notifies Borrower of changes in Lender’s requirements, Borrower will maintain not less than the insurance coverages and endorsements Lender required for closing of the Loan.

Appears in 3 contracts

Samples: Security Agreement (Inland Real Estate Corp), Security Agreement and Fixture Filing (Stratus Properties Inc), Security Agreement and Filing Fixture (Wells Real Estate Investment Trust Inc)

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Insurance Coverages. (a) Borrower will maintain maintain, or cause the tenants of the Property to maintain, such insurance coverages and endorsements in form and substance and in amounts as Lender may require in its sole reasonable discretion, from time to time. Borrower acknowledges the reasonability of the coverages and endorsements that Lender has required as a condition of making the Loan. Until Lender notifies Borrower of changes in Lender’s 's requirements, Borrower will maintain not less than the insurance coverages and endorsements Lender required for closing of the Loan.

Appears in 3 contracts

Samples: Rents and Security Agreement (Life Time Fitness Inc), Life Time Fitness Inc, Life Time Fitness Inc

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Insurance Coverages. (a) Borrower will maintain such insurance coverages and endorsements in form and substance and in amounts as Lender may require in its sole discretion, from time to time, provided, however, that the insurance required hereunder shall be of the type and in the amounts that is no more onerous to Borrower than the types and amounts Lender requires for other properties that are similar in type and location as the Property. Until Lender notifies Borrower of changes in Lender’s 's requirements, Borrower will maintain not less than the insurance coverages and endorsements Lender required for closing of the Loan.

Appears in 1 contract

Samples: Neurocrine Biosciences Inc

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