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. 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 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. Consultant will provide Valley Water 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. Borrowers shall (i) maintain in full force, until full payment of the Loan, such insurance coverages on the Projects as are described on the attached Exhibit E, (ii) maintain such coverages through the applicable insurance carriers (or such other reasonably acceptable substitute carriers selected by Borrowers) for the respective coverages (or substantially equivalent replacement coverages) listed on the attached Exhibit E, and (iii) name Lender as an additional insured thereunder and provide at least thirty (30) days prior written notice to Lender of cancellation, non-renewal or material change of the insurance policies maintained by the Borrower pursuant hereto. Borrowers shall not bring or keep any article on any Project or cause or allow any condition to exist on it, if that would reasonably be expected to invalidate or would be prohibited by any insurance coverage required to be maintained by Borrowers on the Projects. Unless Borrowers provide Lender with appropriate evidence of the insurance coverage required by this Agreement, Lender may, following ten (10) days written notice to Borrower of Borrowers' failure to provide the same (or upon lesser notice or without notice if any required insurance has lapsed or is at risk of lapsing), purchase insurance at Borrowers' expense to protect Lender's interests in the Projects and to maintain the insurance required by this Agreement. Borrowers may later cancel any insurance purchased by Lender, but only after providing Lender with appropriate evidence that Borrowers have obtained insurance as required by this Agreement. If, in accordance with this Section, Lender purchases insurance for any Project or insurance otherwise required by this Agreement, Borrowers will be responsible for the costs of that insurance and other charges imposed by Lender in connection with the placement of the insurance until the effective date of the cancellation or expiration of the
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.
