Common use of Notice of Cancellation, etc Clause in Contracts

Notice of Cancellation, etc. All policies of insurance shall provide for at least thirty (30) days prior written cancellation notice to the Agent. In the event of failure by the Company to provide and maintain insurance as herein provided, the Agent may, at its option, provide such insurance and charge the amount thereof to the Company. To the extent the Agent decides to provide such insurance the Agent will notify the Borrower of such election, but any failure by the Agent to give such notice shall not in any way impair any of its rights hereunder. The Company shall furnish the Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 1 contract

Samples: Security Agreement (Genrad Inc)

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Notice of Cancellation, etc. All policies of insurance shall ---------------------------- provide for at least thirty (30) days prior written cancellation notice to the Agent. In the event of failure by the Company Borrower to provide and maintain insurance as herein provided, the Agent may, at its option, provide such insurance and charge the amount thereof to the Company. To the extent the Agent decides to provide such insurance the Agent will notify the Borrower of such election, but any failure by the Agent to give such notice shall not in any way impair any of its rights hereunderBorrower. The Company Borrower shall furnish the Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 1 contract

Samples: Security Agreement (National Restaurant Enterprises Holdings Inc)

Notice of Cancellation, etc. All policies of insurance shall provide for at least ten (10) days prior written cancellation notice to the Agent if cancellation is due to failure to pay premiums and thirty (30) days prior written cancellation notice to the AgentAgent if cancellation is due to any other reason. In the event of failure by the any Company to provide and maintain insurance as herein provided, the Agent may, at its option, provide such insurance and charge the amount thereof to the such Company. To the extent the Agent decides to provide such insurance the Agent will notify the Borrower of such election, but any failure by the Agent to give such notice shall not in any way impair any of its rights hereunder. The Company Companies shall furnish the Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 1 contract

Samples: Security Agreement (Charlotte Russe Holding Inc)

Notice of Cancellation, etc. All policies of insurance shall --------------------------- provide for at least thirty (30) days prior written cancellation notice to the Agent. In the event of failure by the Company Holdings to provide and maintain insurance as herein provided, the Agent may, at its option, provide such insurance and charge the amount thereof to the CompanyHoldings. To the extent the Agent decides to provide such insurance the Agent will notify the Borrower of such election, but any failure by the Agent to give such notice shall not in any way impair any of its rights hereunder. The Company Holdings shall furnish the Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 1 contract

Samples: Security Agreement (National Restaurant Enterprises Holdings Inc)

Notice of Cancellation, etc. All policies of insurance shall --------------------------- provide for at least thirty (30) days prior written cancellation notice to the Agent. In the event of failure by the Company to provide and maintain insurance as herein provided, the Agent may, at its option, provide such insurance and charge the amount thereof to the Company. To the extent the Agent decides to provide such insurance the Agent will notify the Borrower of such election, but any failure by the Agent to give such notice shall not in any way impair any of its rights hereunder. The Company shall furnish the Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 1 contract

Samples: Security Agreement (Cmgi Inc)

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Notice of Cancellation, etc. All policies of insurance shall provide for at least thirty (30) days prior written cancellation notice to the Agent. In the event of failure by the any Company to provide and maintain insurance as herein provided, the Agent may, at its option, provide such insurance and charge the amount thereof to the Company. To the extent the Agent decides to provide such insurance the Agent will notify the Borrower of such election, but any failure by the Agent to give such notice shall not in any way impair any of its rights hereunderCompanies. The Company shall Companies shall, in accordance with the requirements of the Consignment Agreement, furnish the Agent Institution with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 1 contract

Samples: Amended and Restated Security Agreement (Finlay Fine Jewelry Corp)

Notice of Cancellation, etc. All policies of insurance shall provide for at least thirty (30) days prior written cancellation notice to the Agent. In the event of failure by the Company to provide and maintain insurance as herein provided, the Agent may, at its option, provide such insurance and charge the amount thereof to the Company. To the extent the Agent decides to provide such insurance the Agent will notify the Borrower of such election, but any failure by the Agent to give such notice shall not in any way impair any of its rights hereunder. The Company shall furnish the Agent with certificates of insurance insurance, and upon the Bank's reasonable request therefor, and policies evidencing compliance with the foregoing insurance provision.

Appears in 1 contract

Samples: Security Agreement (Marcam Corp)

Notice of Cancellation, etc. All policies of insurance shall provide for at least thirty (30) 30 days prior written cancellation notice to the Agent. In the event of failure by the any Company to provide and maintain insurance as herein provided, the Agent may, at its option, provide such insurance and charge the amount thereof to the Company. To the extent the Agent decides to provide such insurance the Agent will notify the Borrower of such election, but any failure by the Agent to give such notice shall not in any way impair any of its rights hereunderCompanies. The Company Companies shall furnish the Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 1 contract

Samples: Security Agreement (Morgan Group Inc)

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