Common use of Maintenance of Casualty Insurance Clause in Contracts

Maintenance of Casualty Insurance. Grantor will procure and maintain all risks insurance, including without limitation fire, theft and liability coverage together with such other insurance as the Secured Party may require with respect to the Collateral, in form, amounts, coverages and basis reasonably acceptable to the Secured Party and issued by a company or companies reasonably acceptable to the Secured Party. Grantor, upon request of the Secured Party, will deliver to the Secured Party from time to time the policies or certificates of insurance in form satisfactory to the Secured Party, including stipulations that coverages will not be canceled or diminished without at least ten (10) days' prior written notice to the Secured Party and not including any disclaimer of the insurer's liability for failure to give such a notice. Each insurance policy also shall include an endorsement providing that coverage in favor of the Secured Party will not be impaired in any way by any act, omission or default of Grantor or any other person. In connection with all policies covering assets in which the Secured Party holds or is offered a security interest, Grantor will provide the Secured Party with such loss payable or other endorsements as the Secured Party may require. If Grantor at any time falls to obtain or maintain any insurance as required under this Agreement, the Secured Party may (but shall not be obligated to) obtain such insurance as the Secured Party deems appropriate, including if it so chooses "single interest insurance," which will cover only the Secured Party's interest in the Collateral.

Maintenance of Casualty Insurance. Grantor will Debtor shall procure and maintain all risks insurance, including without limitation fire, theft theft, and liability coverage together with such other insurance as is customary in the Secured Party may require industry with respect to the Collateral, in form, amounts, coverages coverages, and basis reasonably acceptable to as is customary in the Secured Party industry and issued by a company or companies reasonably acceptable to the Secured Party. GrantorDebtor, upon request of the Secured Party, will deliver to the Secured Party from time to time the policies or certificates of insurance in form reasonably satisfactory to the Secured Party, including . Debtor also will make reasonable efforts to obtain stipulations that coverages will not be canceled cancelled or diminished without at least ten (10) days' days prior written notice to the Secured Party and not including any disclaimer of the insurer's ’s liability for failure to give such a notice. Each insurance policy also shall include an endorsement providing that coverage in favor of the Secured Party will not be impaired in any way by any act, omission or default of Grantor or any other person. In connection with all policies covering assets in which the Secured Party holds or is offered a security interest, Grantor Debtor will provide the Secured Party with such loss payable or other endorsements as the Secured Party reasonably may require. If Grantor Debtor at any time falls fails to obtain or maintain any insurance as required under this Security Agreement, the Secured Party may (but shall not be obligated to) ), after 30 days’ notice to Debtor, obtain such insurance as the Secured Party deems appropriate, including if it so chooses "“single interest insurance," ” which will cover only the Secured Party's ’s interest in the Collateral. Unless Debtor provides Secured Party with evidence of the insurance coverage as required herein, Secured Party may purchase insurance at Debtor’s expense to protect Secured Party’s interest. This insurance may, but need not, also protect Debtor’s interest. Debtor is responsible for the cost of any insurance purchased by Secured Party. The cost of this insurance may be added to the indebtedness secured hereunder.

Maintenance of Casualty Insurance. Grantor will procure and maintain all risks insurance, including without limitation fire, theft and liability coverage together with such other insurance as the Secured Party may require with respect to the Collateral, in form, amounts, coverages and basis reasonably acceptable to the Secured Party and issued by a company or companies reasonably acceptable to the Secured Party. Grantor, upon request of the Secured Party, will deliver to the Secured Party from time to time the policies or certificates of insurance in form satisfactory to the Secured Party, including stipulations that coverages will not be canceled or diminished without at least ten (10) days' prior written notice to the Secured Party and not including any disclaimer of the insurer's liability for failure to give such a notice. Each insurance policy also shall include an endorsement providing that coverage in favor of the Secured Party will not be impaired in any way by any act, omission or default of Grantor or any other person. In connection with all policies covering assets in which the Secured Party holds or is offered a security interest, Grantor will provide the Secured Party with such loss payable or other endorsements as the Secured Party may require. If Grantor at any time falls fails to obtain or maintain any insurance as required under this Agreement, the Secured Party may (but shall not be obligated to) obtain such insurance as the Secured Party deems appropriate, including if it so chooses "single interest insurance," which will cover only the Secured Party's interest in the Collateral.