Miscellaneous Policy Provisions. All insurance policies providing operational property damage, (i) shall name the Collateral Agent, on behalf of the Secured Parties, as the first loss payee, (ii) shall include a Lender’s loss payable clause in favor of the Collateral Agent, on behalf of the Secured Parties.
Appears in 10 contracts
Samples: Permian Lease Agreement (InfraREIT, Inc.), Crez Lease Agreement (InfraREIT, Inc.), Assets Lease Agreement (InfraREIT, Inc.)
