Insurance Maintenance. Pursuant to the terms of the related Security Instrument, all buildings or other improvements upon the related Mortgaged Property are insured by an insurance policy or policies meeting the requirements of Articles 15 and 16 hereof. The related Security Instrument obligates the Borrower thereunder to maintain the hazard insurance policy at the Borrower's cost and expense and, upon the Borrower's failure to do so, authorizes the Mortgagee under the related Security Instrument to obtain and maintain such insurance at the Borrower's cost and expense and to seek reimbursement therefor from the Borrower. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee. The Servicer and the Borrower have not engaged in any act or omission that would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either. The Mortgage Loan Documents permit the maintenance of an escrow account to pay the premiums for the above mentioned insurance, and the requirement for such escrows has not been waived, unless otherwise required by applicable state law.
Insurance Maintenance. ARTICLE 6
Insurance Maintenance. All Facility Equipment shall be covered by comprehensive physical damage insurance for the full insurable value thereof unless otherwise mutually agreed to by Borrower and Lender, and general public liability, coverage, and Borrower and/or its assigns, including collateral assigns, shall be named and continue to be named as "Loss Payee" and "Additional Insured" as its interests may appear. Said insurance shall continue to be in full force and effect, and shall not lapse or be cancelled by the End-Users. Borrower, pursuant to the applicable Facility Contract, will cause the End-User under each Facility Contract to maintain all Facility Equipment in accordance with the terms of all insurance policies which are or may be in effect with respect thereto so as not to alter or impair any of the benefits or coverage to which Borrower or the applicable End-User is entitled under any such insurance policies.
Insurance Maintenance. The City agrees to provide a health and welfare plan to all eligible bargaining unit employees. Effective January 1, 2007, the bargaining unit employees shall pay 7.5% of the total monthly premium for G/W medical plan, D-5 Dental and V-3 Vision plan. The City shall pay the remaining 92.5% of the premium cost. In the event the total health insurance premium increases more than 10% from the previous calendar year, the parties agree to share (50/50) in the amount of the premium over the 10% increase for the remainder of that calendar year. Employees become eligible for health insurance the first of a calendar month after having been employed a full calendar month. If the new employee begins work any day after the first work day of the month, coverage would commence two months later. For example, someone who is hired and commences work on April 1st would be eligible for coverage May 1st. If the employee begins work on April 12th, their health insurance coverage would commence June 1st. Coverage ends the last day of the month in which the employee received compensation, either for worked time or paid absence. All employees hired effective January 1, 2001 and who have a minimum employment time of six consecutive years at time of retirement will be eligible for 50% City paid medical and prescription benefits for six months only following retirement. For all employees hired prior to January 1, 2001, shall receive forty-eight (48) months of medical insurance coverage, up to the medical insurance cap, paid by the City. All employees hired after January 1, 2007 who are eligible for COBRA benefits at time of retirement may utilize that benefit, at totally their own cost.
Insurance Maintenance. The Joint Obligors shall maintain, and each of the Joint Obligors shall cause that each of its subsidiaries, maintain insurance with insurance companies with an established reputation, reasonable for the Banks, consistent and in accordance with the practices of similar businesses, owning similar assets, and located in the same general areas or similar areas of business that the Joint Obligors or their subsidiaries operate.
Insurance Maintenance. If Lessee should fail to maintain or cause to be maintained such required insurance for the benefit of Lessor as specified under 14.1 (Coverage), Lessor may effect the same at Lessee's expense (with such amounts immediately payable to Lessor by Lessee). Lessor shall not be limited in the proof of any damages which Lessor may claim against Lessee arising out of Lessee's failure to provide and keep in force such policies as are required hereunder to the amount of the insurance premium or premiums not paid or incurred by Lessee which would have been payable on such insurance, but shall also be entitled to recover, as damages for such breach, the uninsured amount of any loss, liability, damages, claims, costs and expenses of suit, judgements and interest, suffered, or incurred by Lessor by reason of Lessee's failure to maintain insurance for any occurrence on the Leased Property which should have been insured in accordance with this Lease.
Insurance Maintenance. The Borrower will maintain and will make every one of its Subsidiaries maintains, insurance with well-known insurance companies, for the quantities and with the risk coverage that companies involved in similar business dealings and with the ownership of similar assets in the same areas in which the Borrower and its Subsidiaries operate, normally employ, in so far as said insurance are available in reasonable commercial terms.
Insurance Maintenance. Tenant shall be responsible for insuring the Additional Equipment pursuant to Article 14 of this Lease and Landlord shall have no responsibility therefor. Tenant shall be solely responsible for and shall pay all costs, expenses and taxes incurred in connection with the ownership, installation, operation, maintenance, use and removal of the Additional Equipment and the appurtenant equipment located in or on the Building, including all installation or “hook-up” costs. Tenant shall keep and maintain the Additional Equipment in good condition and repair, promptly making all necessary repairs and replacements, whether ordinary or extraordinary, in accordance with the applicable provisions of Section 9.3 of this Lease, and to the reasonable satisfaction of Landlord including, but not limited to, repairing any damage (and replacing any property so damaged) caused by Tenant or any of Tenant's Agents. Tenant's repair responsibilities shall include the requirement that Tenant keep in full force and effect, during the Term of the Lease, a contract for preventative maintenance meeting, at a minimum, the manufacturer's recommended standards of service. Tenant shall promptly repair any damage to the Building or the Property caused by Tenant or the use, operation, repair, maintenance, or alteration of the Additional Equipment.
Insurance Maintenance. Buyer and DSI agree upon purchase of the New --------------------- Shares, transfer of the Transferred Shares to Xxxxx Subsidiary and the merger of Xxxxx Subsidiary into DSI as contemplated herein to maintain or cause DSI to maintain in effect DSI's current policies of general liability (CGL), product liability, long term disability, health, dental, PCS and life insurance or to acquire and maintain similar insurance with comparable coverage for a period of three (3) years from Closing Date or until any indebtedness to Xxxx has been paid in full which ever occurs later.
Insurance Maintenance. CASUALTY; CONDEMNATION;
