Renewal of Insurance. Borrowers shall cause insurance policies to be maintained in compliance with this Agreement at all times. Borrowers shall timely pay or cause to be paid all premiums on all insurance policies required hereunder, and as and when any policies of insurance may expire, furnish or cause to be furnished to Lender additional and renewal insurance policies with companies, coverage and in amounts satisfactory to Lender in accordance with Section 9.1(d).
Renewal of Insurance. Borrower shall cause insurance policies to be maintained in compliance with Exhibit F at all times. Borrower shall timely pay all premiums on all insurance policies required hereunder, and as and when additional insurance is required, from time to time, during the progress of Construction, and as and when any policies of insurance may expire, furnish to Agent, premiums prepaid, additional and renewal insurance policies with companies, coverage and in amounts satisfactory to Agent in accordance with Section 8.1(g).
Renewal of Insurance. Borrowers shall cause insurance policies to be maintained in compliance with Exhibit E at all times. Borrowers shall timely pay all premiums on all insurance policies required hereunder, and as and when additional insurance is required by Lender, from time to time, and as and when any policies of insurance may expire, furnish to Lender, premiums prepaid, additional and renewal insurance policies with companies, coverage and in amounts satisfactory to Lender in accordance with Section 8.1(c).
Renewal of Insurance. The renewal of insurance shall be considered as a continuation of the original insurance for the purpose of calculating future reinsurance premiums. SCHEDULE C CEDENT'S RETENTION LIMITS Additional Amount at the Discretion of the Chief Ages Amount Underwriter ----- ------ ------------------------ Single Life 0-65 $_____ N/A 66-75 $_____ $_____ 76+ $_____ $_____ Additional Amount at the Discretion of the Chief Ages Amount Underwriter ----- ------ ------------------------ Joint Life * 0-65 $_____ N/A 66-75 $_____ $_____ 76+ $_____ $_____ * based on the younger insured. EXHIBIT 1 DAC TAX CALCULATION CEDING COMPANY: NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION ASSUMING COMPANY: ___________________________ DATE: _______________ DAC TAX - DEDUCTIONS FROM GROSS PREMIUM DAC TAX CALCULATION AMOUNT GROSS PREMIUM LESS: DEDUCTIONS FROM GROSS PREMIUMS Commissions Death Claims Claim Interest Premium Taxes Claim Investigation Expense Claim Legal Expense Waiver Claims Surrenders Experience Refunds Admin Fee Fee Income Miscellaneous Interest Dividends Termination Dividends Productions Bonus Reserve Adjustments Other (specify) TOTAL DEDUCTIONS NET CONSIDERATIONS Please sign below confirming agreement with net considerations or provide an alternate calculation within 30 days ------------------------------------- Signature ------------------------------------- Type or Print Name ------------------------------------- Title ------------------------------------- Date EXHIBIT 2 REINSURANCE QUESTIONNAIRE FOR FEDERAL INCOME TAX DETERMINATIONS The purpose of this questionnaire is to secure sufficient information to allow New York Life Insurance and Annuity Corporation ("NYLIAC") to account properly under the federal income tax rules for the reinsurance transactions you have with NYLIAC. Please provide NYL with the following information:
Renewal of Insurance. Borrower shall timely pay all premiums on all insurance policies to assure that at all times Borrower has in effect insurance as required pursuant to the Insurance Requirements attached hereto as Exhibit E, and as and when additional insurance is required and commercially reasonable for a project of the type as the Project, from time to time, and as and when any policies of insurance may expire, furnish to Administrative Agent, premiums prepaid, additional and renewal insurance policies with companies, coverage and in amounts set forth in the Insurance Requirements and otherwise reasonably satisfactory to Administrative Agent. In addition, Borrower shall cause General Construction Contractor to maintain until Completion the Subguard insurance policies for which Borrower has provided copies to Administrative Agent prior to the Closing Date and provide Administrative Agent with evidence of the renewal thereof at least fifteen (15) days prior to the expiration thereof. Borrower shall not bring or keep any article on the Project or cause or allow any condition to exist on it, if that could invalidate or would be prohibited by any insurance coverage required to be maintained by Borrower on the Project. Unless Borrower provides Administrative Agent with appropriate evidence of the insurance coverage required by this Agreement, Administrative Agent on behalf of the Lenders may purchase insurance at Borrower’s expense to protect Administrative Agent’s and the Lenders’ interests in the Project and to maintain the insurance required by this Agreement. Prior to purchasing any such insurance, Administrative Agent will use its good faith efforts to provide notice to Borrower of its intention to do so, provided, however, that Administrative Agent’s failure to provide such notice shall not affect Borrower’s responsibility for the expense of such insurance purchased by Administrative Agent. This insurance may, but need not, protect Borrower’s interests. The coverage purchased by Administrative Agent may not pay any claim made by Borrower or any claim that is made against Borrower in connection with the Project or any required insurance policy. Borrower may later cancel any insurance purchased by Administrative Agent, but only after providing Administrative Agent with appropriate evidence that Borrower has obtained insurance as required by this Agreement. If Administrative Agent on behalf of the Lenders purchases insurance for the Project or insurance otherwise required by...
Renewal of Insurance. Servicer shall deliver any renewals of insurance policies including without limitation title, fire and hazard, and (if applicable) flood insurance, within five (5) business days of Servicer’s receipt of same.
Renewal of Insurance. The renewal of insurance shall be considered as a continuation of the original insurance for the purpose of calculating future reinsurance premiums.
Renewal of Insurance. Borrowers shall maintain, or cause the Operators to maintain, insurance policies to be maintained in compliance with Exhibit E at all times. Borrowers shall timely pay, or cause the Operators to pay, all premiums on all insurance policies required hereunder, and as and when additional insurance is required by Agent, from time to time, and as and when any policies of insurance may expire, furnish to Agent, premiums prepaid, additional and renewal insurance policies with companies, coverage and in amounts satisfactory to Agent in accordance with Section 8.1(c). (f) Payment of Taxes. Borrowers shall pay, or cause to be paid, all real estate taxes and assessments and charges of every kind upon the Projects before the same become delinquent, provided, however, that Borrowers shall have the right to pay such tax under protest or to otherwise contest any such tax or assessment, but only if (i) such contest has the effect of preventing the collection of such taxes so contested and also of preventing the sale or forfeiture of the Project or any part thereof or any interest therein, (ii) Borrowers have notified Agent of their intent to contest such taxes, and (iii) Borrowers have deposited security in form and amount satisfactory to Agent, in its sole discretion. If Borrowers fail to commence such contest or, having commenced to contest the same, and having deposited such security required by Agent for its full amount, shall thereafter fail to prosecute such contest in good faith or with due diligence, or, upon adverse conclusion of any such contest, shall fail to pay such tax, assessment or charge, Agent, on behalf of the Lenders, may, at its election (but shall not be required to), pay and discharge any such tax, assessment or charge, and any interest or penalty thereon, and any amounts so expended by Agent shall be deemed to constitute disbursements of the Loan proceeds hereunder (even if the total amount of disbursements would exceed the face amount of the Notes). Borrowers shall furnish to Agent evidence that taxes are paid at least five (5) days prior to the last date for payment of such taxes and before imposition of any penalty or accrual of interest.
Renewal of Insurance. Consultant will provide the District with a current Certificate of Insurance and endorsements within thirty (30) business days from the expiration of insurance. Consultant shall instruct its insurance broker/agent to:
Renewal of Insurance. Borrower agrees to pay all premiums on all insurance policies required under this Agreement and when any policies of insurance may expire, furnish to Bank, premiums prepaid, replacement or renewal insurance policies in companies, coverage and amounts satisfactory to Bank, in accordance with the terms hereof
