Common use of Maintenance of Insurance Clause in Contracts

Maintenance of Insurance. Maintain with financially sound and reputable insurance companies not Affiliates of the Borrower, insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts as are customarily carried under similar circumstances by such other Persons.

Appears in 138 contracts

Samples: Credit Agreement (Flir Systems Inc), Credit Agreement (Nuvasive Inc), Credit Agreement (Agree Realty Corp)

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Maintenance of Insurance. Maintain with financially sound and reputable insurance companies not Affiliates of the Borrower, insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts (after giving effect to any self-insurance compatible with the following standards) as are customarily carried under similar circumstances by such other Persons.

Appears in 64 contracts

Samples: Credit Agreement (Sonoco Products Co), Credit Agreement (Encore Wire Corp), Credit Agreement (Mercury General Corp)

Maintenance of Insurance. Maintain with financially sound and reputable insurance companies not Affiliates of the BorrowerLimited, insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts as are customarily carried under similar circumstances by such other Persons.

Appears in 5 contracts

Samples: Term Loan Credit Agreement (Helen of Troy LTD), Credit Agreement (Helen of Troy LTD), Credit Agreement (Helen of Troy LTD)

Maintenance of Insurance. Maintain Maintain, with financially sound and reputable insurance companies which are not Affiliates of the Borrower, insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts as are customarily carried under similar circumstances by such other Persons.

Appears in 5 contracts

Samples: Credit Agreement (Delphi Financial Group Inc/De), Credit Agreement (Delphi Financial Group Inc/De), Credit Agreement (Delphi Financial Group Inc/De)

Maintenance of Insurance. Maintain with financially sound and reputable insurance companies not Affiliates of the Borrower, (or, in the case of real property, equipment or other personal property leased to others, cause its lessees to maintain) insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts (after giving effect to any self-insurance compatible with the following standards) as are customarily carried under similar circumstances by such other Persons.

Appears in 4 contracts

Samples: Credit Agreement (National Health Investors Inc), Credit Agreement (National Health Investors Inc), Credit Agreement (National Health Investors Inc)

Maintenance of Insurance. Maintain with financially sound and reputable insurance companies not Affiliates of the a Borrower, insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts as are customarily carried under similar circumstances by such other Persons.

Appears in 4 contracts

Samples: Credit Agreement (Corinthian Colleges Inc), Credit Agreement (Corinthian Colleges Inc), Credit Agreement (Corinthian Colleges Inc)

Maintenance of Insurance. Maintain with financially sound and reputable insurance companies not Affiliates of the Borrower, insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts as are customarily carried under similar circumstances by such other PersonsPersons and the Borrower will promptly furnish to the Lenders such information as to insurance carried as may be reasonably in writing by the Administrative Agent.

Appears in 3 contracts

Samples: Credit Agreement (Albertsons Inc /De/), Day Credit Agreement (Albertsons Inc /De/), Credit Agreement (Albertsons Inc /De/)

Maintenance of Insurance. Maintain with financially sound and reputable insurance companies not Affiliates of the Borrower, insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts (after giving effect to any self- insurance compatible with the following standards) as are customarily carried under similar circumstances by such other Persons.

Appears in 2 contracts

Samples: Credit Agreement (Jacobs Engineering Group Inc /De/), Credit Agreement (Sonoco Products Co)

Maintenance of Insurance. Maintain with financially sound and reputable insurance companies not Affiliates of the BorrowerCompany, insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts and with such deductibles as are customarily carried under similar circumstances by such other PersonsPersons (after giving effect to customary self-insurance).

Appears in 2 contracts

Samples: Credit Agreement (Solectron Corp), Credit Agreement (Solectron Corp)

Maintenance of Insurance. Maintain with financially sound and reputable insurance companies not Affiliates of the Borrower, US Borrower insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts as are customarily carried under similar circumstances by such other Persons, subject to self-insurance with respect to workers compensation and related health benefits in a manner consistent with past practice but subject to modifications based upon current market conditions.

Appears in 1 contract

Samples: Credit Agreement (Libbey Inc)

Maintenance of Insurance. Maintain with financially sound and reputable insurance companies not Affiliates of the Borrowerany Loan Party, insurance with respect to its their respective properties and business businesses against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts (after giving effect to any self-insurance compatible with the following standards) as are customarily carried under similar circumstances by such other Persons.

Appears in 1 contract

Samples: Credit Agreement (Ciber Inc)

Maintenance of Insurance. Maintain with financially sound and reputable insurance companies not Affiliates of the Borrower, insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts as are customarily carried under similar circumstances by such other Persons, subject to self-insurance with respect to workers compensation and related health benefits in a manner consistent with past practice but subject to modifications based upon current market conditions.

Appears in 1 contract

Samples: Revolving Credit Agreement (Libbey Inc)

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Maintenance of Insurance. Maintain Maintain, with financially sound and reputable insurance companies which are not Affiliates of the Borrower, insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts as are customarily carried under similar circumstances by such other Persons; PROVIDED that the Borrower may self-insure against liabilities in respect of medical and workers' compensation coverage.

Appears in 1 contract

Samples: Credit Agreement (Teletech Holdings Inc)

Maintenance of Insurance. Maintain with financially sound and reputable insurance companies not Affiliates of the US Borrower, insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts as are customarily carried under similar circumstances by such other Persons, subject to self-insurance with respect to workers compensation and related health benefits in a manner consistent with past practice but subject to modifications based upon current market conditions.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Libbey Inc)

Maintenance of Insurance. Maintain with financially sound and reputable insurance companies not Affiliates of the Borrower, (or, in the case of properties and equipment leased to others, cause its lessees to maintain) insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts (after giving effect to any self-insurance compatible with the following standards) as are customarily carried under similar circumstances by such other Persons.

Appears in 1 contract

Samples: Credit Agreement (National Health Investors Inc)

Maintenance of Insurance. Maintain with financially sound and reputable insurance companies not Affiliates of the Borrower (after giving effect to any self insurance or insurance with a "captive" insurance company that is an Affiliate of the Borrower, in each case compatible with the following standards) insurance with respect to its properties and business in such amounts and against loss or damage as deemed appropriate by management of the kinds customarily insured against by Persons engaged Borrower in the same or similar businessits good faith, of such types and in such amounts as are customarily carried under similar circumstances by such other Personsreasonable judgment.

Appears in 1 contract

Samples: Credit Agreement (Wallace Computer Services Inc)

Maintenance of Insurance. Maintain with financially sound and reputable insurance companies not Affiliates of the Borrower, insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar businessbusinesses and owning similar properties in localities where the Borrower and the applicable Subsidiary operates, of such types and in such amounts with such deductibles and covering such risks, as are customarily carried under similar circumstances by such other Persons.

Appears in 1 contract

Samples: Credit Agreement (Polymedica Corp)

Maintenance of Insurance. Maintain with financially sound and reputable insurance companies not Affiliates of the BorrowerCompany, insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts as are customarily carried under similar circumstances by such other Persons, except to the extent the Company maintains reasonable self-insurance with respect to such risks (through an Affiliate or otherwise).

Appears in 1 contract

Samples: Credit Agreement (Clear Channel Communications Inc)

Maintenance of Insurance. Maintain with financially sound and reputable insurance companies not Affiliates of the Borrower, insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts as are customarily carried under similar circumstances by such other PersonsPersons and Borrower will promptly furnish to Lender such information as to insurance carried as may be reasonably requested in writing by Lender.

Appears in 1 contract

Samples: Credit Agreement (Albertsons Inc /De/)

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