Common use of Renewal of Policies Clause in Contracts

Renewal of Policies. At least thirty (30) days prior to the expiration date of any policy evidencing insurance required under this Section 1.6.7, a renewal thereof satisfactory to Lender shall be delivered to Lender or substitution therefor, together with receipts or other evidence of the payment of any premiums then due on such renewal policy or substitute policy.

Renewal of Policies. At least thirty twenty (3020) days prior to the expiration date of any policy evidencing insurance required under this Section 1.6.71.6, a renewal thereof satisfactory to Lender Bank shall be delivered to Lender Bank or substitution therefor, together with receipts or other evidence of the payment of any premiums then due on such renewal policy or substitute policy.