Common use of Maintenance of Insurance Clause in Contracts

Maintenance of Insurance. Maintain insurance with financially sound and reputable insurance companies or associations in such amounts and covering such risks as are usually carried by companies engaged in the same or a similar business and similarly situated, which insurance may provide for reasonable deductibility from coverage thereof.

Appears in 29 contracts

Samples: Credit Agreement (Willis Lease Finance Corp), Credit Agreement (Willis Lease Finance Corp), Credit Agreement (Aerocentury Corp)

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Maintenance of Insurance. Maintain insurance with financially sound and reputable insurance companies companies, insurance with respect to its properties and business against loss or associations in such amounts and covering such risks as are usually carried damage of the kinds customarily insured against by companies Persons engaged in the same or a similar business business, of such types and in such amounts (after giving effect to any self-insurance reasonable and customary for similarly situated, which insurance may provide for reasonable deductibility from coverage thereofsituated Persons engaged in the same or similar businesses as the Borrower and its Restricted Subsidiaries) as are customarily carried under similar circumstances by such other Persons.

Appears in 15 contracts

Samples: Credit Agreement (Solgar), Credit Agreement (Frontier Communications Parent, Inc.), Credit Agreement (Frontier Communications Corp)

Maintenance of Insurance. Maintain insurance with financially sound and reputable insurance companies companies, insurance with respect to its properties and business against loss or associations in such amounts and covering such risks as are usually carried damage of the kinds customarily insured against by companies Persons engaged in the same or a similar business business, of such types and in such amounts (after giving effect to any self-insurance reasonable and customary for similarly situated, which insurance may provide for reasonable deductibility from coverage thereofsituated Persons engaged in the same or similar businesses as the Borrower and the Restricted Subsidiaries or otherwise consistent with past practices) as are customarily carried under similar circumstances by such other Persons.

Appears in 13 contracts

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

Maintenance of Insurance. Maintain insurance with financially sound responsible and reputable insurance companies or associations in such amounts and covering such risks as are is usually carried by companies engaged in similar businesses and owning similar properties in the same general areas in which the Company or a similar business and similarly situated, which insurance may provide for reasonable deductibility from coverage thereofsuch Subsidiary operates.

Appears in 13 contracts

Samples: Term Loan Agreement (Honeywell International Inc), Day Credit Agreement (Honeywell International Inc), Credit Agreement (Honeywell International Inc)

Maintenance of Insurance. Maintain insurance with financially sound and reputable insurance companies or associations in such amounts and covering such risks as are usually carried by companies engaged in the same or a similar business and similarly situated, which insurance may provide for reasonable deductibility from coverage thereof.

Appears in 12 contracts

Samples: Credit Agreement (Disc Graphics Inc /De/), Credit Agreement and Guaranty (Hampshire Group LTD), Credit Agreement and Guaranty (Hampshire Group LTD)

Maintenance of Insurance. Maintain insurance with financially sound and reputable insurance companies companies, insurance with respect to its properties and business against loss or associations in such amounts and covering such risks as are usually carried damage of the kinds customarily insured against by companies Persons engaged in the same or a similar business business, of such types and similarly situated, which in such amounts (after giving effect to any self-insurance may provide for reasonable deductibility from coverage thereofcompatible with the following standards) as are customarily carried under similar circumstances by such other Persons.

Appears in 12 contracts

Samples: Credit Agreement (Premier, Inc.), Credit Agreement (Meredith Corp), Credit Agreement (Verisk Analytics, Inc.)

Maintenance of Insurance. Maintain insurance with financially sound and reputable insurance companies companies, insurance with respect to its properties and business against loss or associations in such amounts and covering such risks as are usually carried damage of the kinds customarily insured against by companies Persons engaged in the same or a similar business business, of such types and in such amounts (after giving effect to any self-insurance reasonable and customary for similarly situated, which insurance may provide for reasonable deductibility from coverage thereofsituated Persons engaged in the same or similar businesses as the Borrower and the Restricted Subsidiaries) as are customarily carried under similar circumstances by such other Persons.

Appears in 12 contracts

Samples: Credit Agreement (Catalent, Inc.), Credit Agreement (KLIF Broadcasting, Inc.), Credit Agreement (Catalent Pharma Solutions, Inc.)

Maintenance of Insurance. Maintain insurance with financially sound and reputable insurance companies companies, insurance with respect to its properties and business against loss or associations in such amounts and covering such risks as are usually carried damage of the kinds customarily insured against by companies Persons engaged in the same or a similar business business, of such types and in such amounts (after giving effect to any self-insurance reasonable and customary for similarly situated, which insurance may provide for reasonable deductibility from coverage thereofsituated Persons engaged in the same or similar businesses as the Company and the Restricted Subsidiaries) as are customarily carried under similar circumstances by such other Persons.

Appears in 11 contracts

Samples: Credit Agreement (Sungard Data Systems Inc), Credit Agreement (Encore Medical, L.P.), Credit Agreement (Sungard Capital Corp Ii)

Maintenance of Insurance. Maintain insurance with financially sound and reputable insurance companies companies, insurance with respect to its properties and business against loss or associations in such amounts and covering such risks as are usually carried damage of the kinds customarily insured against by companies Persons engaged in the same or a similar business business, of such types and similarly situated, which insurance may provide for reasonable deductibility from coverage thereofin such amounts (after giving effect to any self-insurance) as are customarily carried under similar circumstances by such other Persons.

Appears in 9 contracts

Samples: Assignment and Assumption (Actavis PLC), Term Loan Credit Agreement (Watson Pharmaceuticals Inc), Term Loan Credit and Guaranty Agreement (Actavis PLC)

Maintenance of Insurance. Maintain insurance Maintain, with financially sound and reputable insurance companies or associations companies, insurance in such amounts and covering against such risks as are usually carried maintained by companies engaged in the same or a similar business and similarly situated, which insurance may provide for reasonable deductibility from coverage thereofbusinesses operating in the same or similar locations.

Appears in 9 contracts

Samples: Credit Agreement (Henry Schein Inc), First Amendment (Henry Schein Inc), First Amendment (Henry Schein Inc)

Maintenance of Insurance. Maintain insurance with financially sound and reputable insurance companies companies, insurance with respect to its properties and business against loss or associations in such amounts and covering such risks as are usually carried damage of the kinds customarily insured against by companies Persons engaged in the same or a similar business business, of such types and in such amounts (after giving effect to any self-insurance reasonable and customary for similarly situatedsituated Persons engaged in the same or similar businesses as Holdings, which insurance may provide for reasonable deductibility from coverage thereofBorrower and the Restricted Subsidiaries) as are customarily carried under similar circumstances by such other Persons.

Appears in 7 contracts

Samples: Credit Agreement (S.D. Shepherd Systems, Inc.), Credit Agreement (Travelport LTD), Loan Agreement (Travelport LTD)

Maintenance of Insurance. Maintain insurance with financially sound and reputable insurance companies or associations in such amounts and covering such risks as are usually carried by companies engaged in the same or a similar business and similarly situated, which situated and such other insurance may provide for reasonable deductibility from coverage thereofas reasonably required by the Banks.

Appears in 7 contracts

Samples: Credit Agreement and Guaranty (Hampshire Group LTD), Credit Agreement and Guaranty (Hampshire Group LTD), Credit Agreement and Guaranty (Hampshire Group LTD)

Maintenance of Insurance. Maintain insurance with financially sound and reputable insurance companies or associations in such amounts and covering such risks as are usually carried by companies engaged in the same or a similar business and similarly situated, which insurance may provide for reasonable deductibility from coverage thereofits coverage.

Appears in 6 contracts

Samples: Security Agreement (Orange Productions Inc), Registration Rights Agreement (United States Antimony Corp), Convertible Note Acquisition Agreement (Cuidao Holding Corp)

Maintenance of Insurance. Maintain insurance with financially sound responsible and reputable insurance companies or associations in such amounts and covering such risks as are is usually carried by companies engaged in similar businesses and owning similar properties in the same or a similar business and similarly situated, general areas in which insurance may provide for reasonable deductibility from coverage thereofthe Borrower operates.

Appears in 6 contracts

Samples: Credit Agreement (Uil Holdings Corp), Revolving Credit Agreement (Arc Corporate Realty Trust Inc), Credit and Loan Agreement (Kos Pharmaceuticals Inc)

Maintenance of Insurance. Maintain insurance with financially sound responsible and reputable insurance companies or associations associations, insurance in such amounts and covering such risks as are usually carried by companies engaged in the same or a similar business and similarly situated, which insurance may provide for reasonable deductibility from coverage thereofCompany reasonably deems advisable.

Appears in 5 contracts

Samples: Investor Rights Agreement (Constellation Pharmaceuticals Inc), Investor Rights Agreement (Adnexus Therapeutics, Inc.), Investor Rights Agreement (Constellation Pharmaceuticals Inc)

Maintenance of Insurance. Maintain insurance with financially sound and reputable insurance companies (which may include a financially sound and reputable captive insurance company that is an Affiliate of the Parent), insurance with respect to its properties and business against loss or associations in such amounts and covering such risks as are usually carried damage of the kinds customarily insured against by companies Persons engaged in the same or a similar business businesses and similarly situatedowning similar properties of such types and in such amounts with such deductibles and covering such risks, which insurance may provide for reasonable deductibility from coverage thereofas are customarily carried under similar circumstances by such other Persons.

Appears in 5 contracts

Samples: Term Loan Agreement (Gilead Sciences Inc), Credit Agreement (Gilead Sciences Inc), Credit Agreement (Gilead Sciences Inc)

Maintenance of Insurance. Maintain insurance with financially sound and reputable insurance companies or associations insurance on its property in at least such amounts and covering against at least such risks as are usually carried insured against in the same general area by companies engaged in the same or a similar business and similarly situated, which insurance may provide for reasonable deductibility from coverage thereofbusiness.

Appears in 5 contracts

Samples: Credit Agreement (Apollo Global Management LLC), Credit Agreement (Apollo Global Management LLC), Credit Agreement (Apollo Global Management LLC)

Maintenance of Insurance. Maintain insurance with financially sound and reputable insurance companies companies, insurance with respect to its properties and business against loss or associations in such amounts and covering such risks as are usually carried damage of the kinds customarily insured against by companies Persons engaged in the same or a similar business in similar location, of such types and similarly situated, which insurance may provide for reasonable deductibility from coverage thereofin such amounts and subject to such deductibles or self-insured retention levels as are customarily carried under similar circumstances by such other Persons.

Appears in 4 contracts

Samples: Credit Agreement (Bj Services Co), Credit Agreement (Bj Services Co), Credit Agreement (Bj Services Co)

Maintenance of Insurance. Maintain (at its own expense) insurance with financially sound and reputable insurance companies or associations companies, as well as insurance in such amounts amounts, with such limitations or deductibles, against such risks, and covering in such risks form as are usually carried customarily maintained by companies of established repute engaged in the same or a similar business and similarly situated, which insurance may provide for reasonable deductibility from coverage thereofbusinesses operating in the same or similar locations.

Appears in 4 contracts

Samples: Bridge Loan Agreement (Sandridge Energy Inc), Credit Agreement (Sandridge Energy Inc), Credit Agreement (Sandridge Energy Inc)

Maintenance of Insurance. Maintain insurance with financially sound responsible and reputable insurance companies or associations in such amounts and covering such risks as are is usually carried by companies engaged in the same or a similar business businesses and owning similar properties similarly situated, which insurance may provide for reasonable deductibility from coverage thereof.

Appears in 4 contracts

Samples: Credit Agreement (Wolverine World Wide Inc /De/), Credit Agreement (Wolverine World Wide Inc /De/), Credit Agreement (Wolverine World Wide Inc /De/)

Maintenance of Insurance. Maintain insurance with financially sound and reputable insurance companies or associations in such amounts and covering against such risks as are is usually carried by responsible companies engaged in similar businesses and owning similar assets in the same general areas in which the Borrower and its Subsidiaries operate except to the extent that the Borrower or a Subsidiary is, in the reasonable opinion of a Designated Officer, adequately self-insured in a manner comparable to responsible companies engaged in similar business businesses and similarly situated, owning similar assets in the general areas in which insurance may provide for reasonable deductibility from coverage thereofthe Borrower and its Subsidiaries operate.

Appears in 4 contracts

Samples: Credit Agreement (Avery Dennison Corp), Credit Agreement (Avery Dennison Corp), Assignment and Assumption (Avery Dennison Corp)

Maintenance of Insurance. Maintain insurance with financially sound and reputable insurance companies or associations in such amounts and covering such risks as are usually carried by companies engaged in the same or a similar business and similarly similar situated, which insurance may provide for reasonable deductibility from coverage thereof.

Appears in 4 contracts

Samples: Revolving Credit and Term Loan Agreement (Integrated Circuit Systems Inc), Revolving Credit Loan Agreement (Integrated Circuit Systems Inc), Revolving Credit Loan Agreement (Integrated Circuit Systems Inc)

Maintenance of Insurance. Maintain insurance with financially sound and reputable insurance companies or associations associations, in each case not Affiliates of the Company, with respect to its properties and business in such amounts and covering such risks as are usually carried by companies engaged in the same or a similar business and similarly situated, which insurance may provide for reasonable deductibility deduct­ibility from coverage thereof.

Appears in 3 contracts

Samples: Credit Agreement (Pulse Electronics Corp), Credit Agreement (Pulse Electronics Corp), Credit Agreement (Pulse Electronics Corp)

Maintenance of Insurance. Maintain insurance with financially sound and reputable insurance companies companies, associations or associations captive insurance companies, insurance in such amounts and covering such risks as are usually carried by companies engaged is consistent with sound business practice in the same or a similar business and similarly situated, which insurance may provide for reasonable deductibility from coverage thereofindustry.

Appears in 3 contracts

Samples: Credit Agreement (Stryker Corp), Credit Agreement (Stryker Corp), Term Loan Agreement (Stryker Corp)

Maintenance of Insurance. Maintain insurance with financially sound responsible and reputable insurance companies or associations in such amounts and covering such risks as are usually carried by companies engaged in is consistent with prudent business practice; provided that Holdings, the same or a similar Borrowers and their Subsidiaries may self insure to the extent consistent with prudent business and similarly situated, which insurance may provide for reasonable deductibility from coverage thereofpractice.

Appears in 2 contracts

Samples: Credit Agreement (Sears Roebuck Acceptance Corp), Execution (Kmart Holding Corp)

Maintenance of Insurance. Maintain insurance with financially sound and reputable insurance companies or associations in such amounts and covering such risks (including but not limited to coverage for aviation war risk liabilities) as are usually carried by companies engaged in the same or a similar business and similarly situated, which insurance may provide for reasonable deductibility from coverage thereof.

Appears in 2 contracts

Samples: Credit Agreement (Willis Lease Finance Corp), Credit Agreement (Willis Lease Finance Corp)

Maintenance of Insurance. Maintain insurance with financially sound responsible ------------------------ and reputable insurance companies or associations in such amounts and covering such risks as are usually is customarily carried by companies engaged in similar businesses and owning similar properties in the same or general areas in which the Company operates, but in any event in amounts sufficient to prevent the Company from becoming a similar business and similarly situated, which insurance may provide for reasonable deductibility from coverage thereofco-insurer.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Diamond Technology Partners Inc), Stock Purchase Agreement (Diamond Technology Partners Inc)

Maintenance of Insurance. Maintain insurance with financially sound and reputable insurance companies or associations associations, in each case not Affiliates of the Company, with respect to its properties and business in such amounts and covering such risks as are usually carried by companies engaged in the same or a similar business and similarly situated, which insurance may provide for reasonable deductibility from coverage thereof.

Appears in 2 contracts

Samples: Credit Agreement (Technitrol Inc), Credit Agreement (Technitrol Inc)

Maintenance of Insurance. Maintain insurance with financially sound and reputable insurance companies or associations in such amounts and covering such risks as are usually carried by companies engaged in the same or a similar business and similarly situated, which insurance may provide for reasonable deductibility from coverage thereof.situated and as are required by the

Appears in 1 contract

Samples: Credit Agreement (MSC Industrial Direct Co Inc)

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Maintenance of Insurance. Maintain insurance with financially sound ---------------------------- responsible and reputable insurance companies or associations associates in such amounts and covering such risks as are usually is customarily carried by companies engaged in similar businesses and owning similar properties in the same or a similar business and similarly situated, general areas in which insurance may provide for reasonable deductibility from coverage thereofthe Company operates.

Appears in 1 contract

Samples: Stock Subscription Agreement (Soros Fund Management LLC)

Maintenance of Insurance. Maintain insurance as is usually and customarily maintained with respect to the Collateral, with financially sound and reputable insurance companies or associations in such amounts and covering such risks as are usually carried by companies engaged in the same or a similar business and similarly situated, which insurance may provide for reasonable deductibility from coverage thereof.

Appears in 1 contract

Samples: Loan Agreement (Galaxy Energy Corp)

Maintenance of Insurance. Maintain insurance with financially sound responsible and reputable insurance companies or associations associations, insurance in such amounts and covering such risks as are usually carried by companies engaged the Company reasonably deems advisable and maintain directors and officers insurance in such amounts and covering such individuals as the same or a similar business and similarly situated, which insurance may provide for reasonable deductibility from coverage thereofholders of Preferred Stock reasonably deem advisable.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Tangoe Inc)

Maintenance of Insurance. Maintain insurance with financially sound and reputable insurance companies or associations in such amounts and covering such risks as are usually carried by companies engaged in the same or a similar business and similarly situated, which insurance may provide for reasonable deductibility from coverage thereof.. Section 5.06

Appears in 1 contract

Samples: Credit Agreement      credit Agreement (Impath Inc)

Maintenance of Insurance. Maintain insurance with financially sound responsible and reputable insurance companies or associations in such amounts and covering such risks as are usually is customarily carried by companies engaged in similar businesses and owning similar properties in the same or a similar business and similarly situated, general areas in which insurance may provide for reasonable deductibility from coverage thereofthe Company operates.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Datastream Systems Inc)

Maintenance of Insurance. Maintain insurance with financially sound responsible and reputable insurance companies or associations in such amounts and covering such risks as are is usually carried by companies engaged in similar businesses and owning similar properties in the same or a similar business and similarly situated, general areas in which insurance may provide for reasonable deductibility from coverage thereof.the Company operates;

Appears in 1 contract

Samples: Facility Agreement (NSM Steel Co LTD)

Maintenance of Insurance. Maintain insurance with financially sound sound, responsible and reputable insurance companies or associations in such amounts and covering such risks as are is usually carried by companies engaged in similar businesses and owning similar properties in the same general areas in which the Borrower or a similar business and similarly situated, which insurance may provide for reasonable deductibility from coverage thereofsuch Subsidiary operates.

Appears in 1 contract

Samples: Loan Agreement (Meridian Usa Holdings Inc)

Maintenance of Insurance. Maintain insurance with financially sound and reputable insurance companies or associations in such amounts and covering such risks as are usually carried by is customary for companies of established reputation engaged in similar businesses and owning similar properties in the same or a similar business and similarly situated, general areas in which insurance may provide for reasonable deductibility from coverage thereofsuch Group Member operates.

Appears in 1 contract

Samples: Term Loan Agreement (Cemex Sa De Cv)

Maintenance of Insurance. Maintain insurance with financially sound and reputable insurance companies or associations in such amounts and covering such risks as are usually carried by is customary for companies of established reputation engaged in similar businesses and owning similar properties in the same or a similar business and similarly situated, general areas in which such member of the Group operates where such insurance may provide for is available on reasonable deductibility from coverage thereofcommercial terms.

Appears in 1 contract

Samples: Term and Revolving Facilities Agreement (Cemex Sa De Cv)

Maintenance of Insurance. Maintain insurance with financially sound and reputable insurance companies or associations companies, insurance in such amounts amounts, with such deductibles and covering such risks as are usually customarily carried by companies engaged in similar businesses and owing similar properties in localities where Holdings, such Borrower or the same or a similar business and similarly situated, which insurance may provide for reasonable deductibility from coverage thereofapplicable Subsidiary operates.

Appears in 1 contract

Samples: Credit Agreement (Genpact LTD)

Maintenance of Insurance. Maintain insurance with financially sound and reputable insurance companies (which may include a financially sound and reputable captive insurance company that is an Affiliate of the Borrower), insurance with respect to its properties and business against loss or associations in such amounts and covering such risks as are usually carried damage of the kinds customarily insured against by companies Persons engaged in the same or a similar business businesses and similarly situatedowning similar properties of such types and in such amounts with such deductibles and covering such risks, which insurance may provide for reasonable deductibility from coverage thereofas are customarily carried under similar circumstances by such other Persons.

Appears in 1 contract

Samples: Term Loan Facility Credit Agreement (Gilead Sciences Inc)

Maintenance of Insurance. Maintain insurance with financially sound and reputable insurance companies or associations in such amounts and covering such risks as are usually carried by companies engaged in the same or a similar business and similarly situatedsituated or required by any agreement to which any Obligor is a party, which including, without limitation, a standard policy of mortgage bankers' blanket bond insurance. Such insurance may provide for reasonable deductibility from coverage thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Imc Mortgage Co)

Maintenance of Insurance. Maintain insurance with financially sound ------------------------------- and reputable insurance companies or associations in such amounts and covering such risks as are usually carried by companies engaged in the same or a similar business and similarly situated, which insurance may provide for reasonable deductibility from coverage thereof.

Appears in 1 contract

Samples: Credit Agreement (Eplus Inc)

Maintenance of Insurance. Maintain insurance with financially sound responsible and reputable insurance companies or associations in such amounts and covering such risks as are is usually carried by companies engaged in the same or a similar business and similarly situated, which insurance may provide for reasonable deductibility from coverage thereof.;

Appears in 1 contract

Samples: Loan Agreement (Realmed Corp)

Maintenance of Insurance. Maintain insurance with financially sound and reputable insurance companies or associations in such amounts and covering such risks as are is usually carried by companies engaged in the same or a similar business and similarly situated, which insurance may provide for reasonable deductibility from coverage thereof.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hi Tech Pharmacal Co Inc)

Maintenance of Insurance. Maintain insurance with financially sound and reputable insurance companies or associations in such amounts and covering against such risks as are is usually carried by responsible companies engaged in similar businesses and owning similar assets in the same general areas in which the Borrower and its Subsidiaries operate except to the extent that the Borrower or a Subsidiary is, in the reasonable opinion of a Designated Officer, adequately self insured in a manner comparable to responsible companies engaged in similar business businesses and similarly situated, owning similar assets in the general areas in which insurance may provide for reasonable deductibility from coverage thereofthe Borrower and its Subsidiaries operate.

Appears in 1 contract

Samples: Credit Agreement (Avery Dennison Corp)

Maintenance of Insurance. Maintain insurance with financially sound and reputable insurance companies or associations in such amounts and covering such risks as are usually carried by companies engaged in the same or a similar business and similarly situated, which insurance may provide for reasonable deductibility from coverage thereof.;

Appears in 1 contract

Samples: Loan and Merger Option Agreement (Sten Corp)

Maintenance of Insurance. Maintain insurance with financially sound and reputable insurance companies or associations associations, in each case not Affiliates or Subsidiaries of the Company, with respect to its properties and business in such amounts and covering such risks as are usually carried by companies engaged in the same or a similar business and similarly situated, which insurance may provide for reasonable deductibility from coverage thereof.. 6.08

Appears in 1 contract

Samples: Credit Agreement (Technitrol Inc)

Maintenance of Insurance. Maintain insurance with financially sound responsible and reputable insurance companies or associations in such amounts and covering such risks as are is usually carried by companies engaged in the same or a similar business businesses and owning similar properties similarly situated, which payable to the Bank as its interest may appear, and deliver to the Bank evidence satisfactory to the Bank that such insurance may provide for reasonable deductibility from coverage thereofhas been so procured.

Appears in 1 contract

Samples: Credit Agreement (Riviera Tool Co)

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