Policy Cancellation and Change. All policies of insurance required to be maintained pursuant to this Attachment O shall be endorsed so that if at any time they are canceled, or their coverage is reduced (by any party including the insured) so as to affect the interests of Owner or Lender, such cancellation or reduction shall not be effective as to Owner or Lender for sixty (60) Days after receipt by Owner and Lender of written notice from such insurer of such cancellation or reduction, provided that (i) cancellation or reduction for marine cargo war risk shall not be effective for seven (7) Days after receipt by Owner and Lender of written notice from such insurer of such cancellation or reduction and (ii) for non-payment of premium, cancellation or reduction shall not be effective for ten (10) Days after receipt by Owner and Lender of written notice from such insurer of such cancellation or reduction.
Policy Cancellation and Change. All policies of insurance required to be maintained pursuant to this Section 2.9 shall be endorsed so that if at any time they are cancelled, or their coverage is reduced (by any party including the insured) so as to affect the interests of the Lessor, such cancellation or reduction shall not be effective as to the Lessor for 30 days, except for non-payment of premium which shall be for 10 days, after receipt by the Lessor of written notice from such insurer of such cancellation or reduction.
Policy Cancellation and Change. All policies of insurance required to be maintained pursuant to this Exhibit C shall be endorsed so that if at any time they are canceled, or their coverage is reduced (by any party including the insured) so as to affect the interests of the Collateral Agent, the Holders and any other Secured Party, such cancellation or reduction shall not be effective as to the Secured Parties for thirty (30) days, except for non-payment of premium which shall be for ten (10) days, after receipt by the Collateral Agent and the Secured Parties of written notice from such insurer of such cancellation or reduction.
Policy Cancellation and Change. All policies of insurance required to be maintained pursuant to this Section shall be endorsed so that if at any time they are canceled, or their coverage is reduced (by any party including the insured) so as to affect the interests of the TCW, such cancellation or reduction shall not be effective as to TCW for 60 days, except for non-payment of premium which shall be for 10 days, after receipt by TCW of written notice from such insurer of such cancellation or reduction.
Policy Cancellation and Change. All policies of insurance required to be maintained pursuant to this Schedule 6.05 shall be endorsed so that if at any time should they be canceled, or coverage be reduced (by any party including the insured) which affects the interests of OPIC, such cancellation or reduction shall not be effective as to OPIC for sixty (60) days, except for non-payment of premium which shall be for ten (10) days, after receipt by OPIC of written notice from such insurer of such cancellation or reduction.
Policy Cancellation and Change. All policies of insurance or reinsurance required to be maintained pursuant to this Schedule 8 shall be endorsed so that if at any time they are canceled (by any party including the insured) so as to affect the interests of the Finance Parties, such cancellation shall not be effective as to the Finance Parties for 60 days except for non-payment of premium which shall be for 10 days, after notification to the Facility Agent of written notice from such insurer of such cancellation or reduction. Where it is impossible for the Borrower to obtain agreement from insurers for such notice, an agreement with its insurance broker to provide the notice will be acceptable.
Policy Cancellation and Change. All policies of insurance required to be maintained pursuant to this Soil Contract shall be endorsed so that if at any time they are canceled, or their coverage is reduced (by any party including the insured) so as to affect the interests of PURCHASER Group, such cancellation or reduction shall not be effective as to PURCHASER Group for sixty (60) Days after receipt by PURCHASER Group of written notice from such insurer of such cancellation or reduction.
Policy Cancellation and Change. All policies of insurance required to be maintained pursuant to this Schedule 2.6(g) shall be endorsed so that if at any time should they be canceled, or coverage be reduced (by any party including the
Policy Cancellation and Change. Subject to the exceptions set forth on Appendix A (if any) and with the exception of any builders all risk policy which shall be non-cancelable except for nonpayment of premiums (10 days) or for non-compliance with an insurance company’s recommendations, all policies of insurance required to be maintained pursuant to this Section 5.9 shall be endorsed so that if at any time they should be canceled, or coverage be reduced in any manner, such cancellation or reduction shall not be effective as to the Secured Parties for forty-five (45) days, except for non-payment of premium which shall be for ten (10) days, after receipt by the Administrative Agent of written notice from such insurer of such cancellation or reduction.
Policy Cancellation and Change. All policies of insurance or reinsurance required to be maintained pursuant to this Appendix II shall be endorsed so that if at any time they are canceled (by any party including the insured) so as to affect the interests of the Senior Facility Lenders, such cancellation shall not be effective as to the Senior Facility Lenders for 60 days (30 days for marine cargo/DSU), except for non-payment of premium which shall be for 10 days, after notification to the Administrative Agent of written notice from such insurer of such cancellation or reduction. Where it is impossible for the Borrower to obtain agreement from insurers for such notice, an agreement with its insurance broker to provide the notice will be acceptable.
