Common use of Liability, Casualty, Property and Business Interruption Insurance Clause in Contracts

Liability, Casualty, Property and Business Interruption Insurance. The Administrative Agent shall have received copies of insurance policies or certificates of insurance evidencing liability, casualty and property insurance meeting the requirements set forth herein or in the Security Documents and business interruption insurance satisfactory to the Administrative Agent. The Administrative Agent shall be named as loss payee or mortgagee, as its interest may appear, and/or additional insured with respect to any such insurance providing coverage in respect of any Collateral, and each provider of any such insurance shall agree, by endorsement upon the policy or policies issued by it or by independent instruments furnished to the Administrative Agent, that it will give the Administrative Agent thirty days prior written notice before any such policy or policies shall be altered or canceled.

Appears in 1 contract

Samples: Credit Agreement (Amedisys Inc)

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Liability, Casualty, Property and Business Interruption Insurance. The Administrative Agent shall have received copies of insurance policies or certificates of insurance evidencing liability, casualty and property insurance meeting the requirements set forth herein or in the Security Documents and business interruption insurance reasonably satisfactory to the Administrative Agent. The Administrative Agent shall be named as loss payee or mortgagee, as its interest may appear, and/or additional insured with respect to any such insurance providing coverage in respect of any Collateral, and each provider of any such insurance shall agree, by endorsement upon the policy or policies issued by it or by independent instruments furnished to the Administrative Agent, that it will give the Administrative Agent thirty days prior written notice before any such policy or policies shall be altered or canceledcanceled except in the case of a failure to pay any premium due, in which case it will provide the Administrative Agent ten (10) days’ notice.

Appears in 1 contract

Samples: Credit Agreement (Mortons Restaurant Group Inc)

Liability, Casualty, Property and Business Interruption Insurance. The Administrative Agent shall have received copies of insurance policies or certificates and endorsements of insurance evidencing liability, casualty casualty, property and property business interruption insurance meeting the requirements set forth herein or in the Security Documents and business interruption insurance satisfactory to the Administrative AgentDocuments. The Administrative Agent shall be named as lender loss payee or mortgageepayee, as its interest may appear, appear and/or additional insured with respect to any such insurance providing liability coverage or coverage in respect of any Collateral, and the Borrower will use its commercially reasonable efforts to have each provider of any such insurance shall agree, by endorsement upon the policy or policies issued by it or by independent instruments furnished to the Administrative Agent, that it will give the Administrative Agent thirty (30) days prior written notice before any such policy or policies shall be altered or canceledcancelled.

Appears in 1 contract

Samples: Credit Agreement (Armor Holdings Inc)

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Liability, Casualty, Property and Business Interruption Insurance. The Administrative Agent shall have received copies of insurance policies or certificates and endorsements of insurance evidencing liability, casualty casualty, property and property business interruption insurance meeting the requirements set forth herein or in the Security Documents and business interruption insurance satisfactory to the Administrative AgentDocuments. The Administrative Agent shall be named as loss payee or mortgageeadditional insured, as its interest may appear, and/or additional insured with respect to any such insurance providing coverage in respect of any Collateralliability coverage, and the Borrower will use its commercially reasonable efforts to have each provider of any such insurance shall agree, by endorsement upon the policy or policies issued by it or by independent instruments to be furnished to the Administrative Agent, that it will endeavor to give the Administrative Agent thirty (30) days prior written notice before any such policy or policies shall be altered or canceledcancelled.

Appears in 1 contract

Samples: Credit Agreement (Eclipsys Corp)

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