Common use of Notice of Cancellation, etc Clause in Contracts

Notice of Cancellation, etc. All policies of insurance shall provide for at least fifteen (15) days prior written cancellation notice to the Collateral Agent. In the event of failure by the Obligor to provide and maintain insurance as herein provided, the Collateral Agent may, at its option, provide such insurance and charge the amount thereof to the Obligor. The Obligor shall furnish the Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 2 contracts

Samples: Security Agreement (Avery Berkel Holdings LTD), Security Agreement (Avery Berkel Holdings LTD)

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Notice of Cancellation, etc. All policies of insurance shall provide for at least fifteen thirty (1530) days prior written cancellation notice to the Collateral Agent. In the event of failure by the Obligor Borrower to provide and maintain insurance as herein provided, the Collateral Agent may, at its option, provide such insurance and charge the amount thereof to the ObligorBorrower. The Obligor Borrower shall furnish the Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Stride & Associates Inc), Credit and Term Loan Agreement (Fargo Electronics Inc)

Notice of Cancellation, etc. All policies of insurance shall provide for at least fifteen (15) 30 days prior written cancellation notice to the Collateral Agent. In the event of failure by the Obligor any Grantor to provide and maintain insurance as herein provided, the Collateral Agent may, at its option, provide such insurance and charge the amount thereof to the Obligorappropriate Grantor. The Obligor Upon request by the Collateral Agent, each Grantor shall furnish the Collateral Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 1 contract

Samples: Security Agreement (Real Mex Restaurants, Inc.)

Notice of Cancellation, etc. All policies of insurance shall provide for at least fifteen thirty (1530) days days' prior written cancellation notice to the Collateral Agent. In the event of failure by the Obligor any Grantor to provide and maintain insurance as herein provided, the Collateral Agent may, at its option, provide such insurance and charge the amount thereof to the Obligorsuch Grantor. The Obligor Each Grantor shall furnish the Collateral Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provisionprovisions.

Appears in 1 contract

Samples: Security Agreement (Artistdirect Inc)

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Notice of Cancellation, etc. All policies of insurance shall provide for at least fifteen (15) 30 days prior written cancellation notice to the Collateral Agent, unless a shorter period is mandated under applicable law. In the event of failure by the Obligor any Grantor to provide and maintain insurance as herein provided, the Collateral Agent may, at its sole option, provide such insurance and charge the amount thereof to the ObligorGrantor. The Obligor Each Grantor shall furnish the Collateral Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 1 contract

Samples: Assumption Agreement (Rainmaker Systems Inc)

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