Insurance and Maintenance. For all real and non-expendable property occupied, operated and/or purchased under this Agreement, the Subrecipient shall maintain sufficient insurance to cover the cost of replacement due to loss by fire, theft, or accidental damage. The Recipient shall be named as loss payee under such policies of insurance. The Subrecipient shall also be responsible for the maintenance and upkeep of all such property.
Insurance and Maintenance. 11.1 The Borrower(s) shall at its own expense during the continuance of the security herein keep the Hypothecated Vehicle cov ered under comprehensive risk, including riot, civil commotion risk, fire, theft, unlimited third party risk and other hazards as stipulated from time to time with such insurance company as may be required by the Bank by timely payment of all premia in respect of such insurance and produc e and deliver (if so required by the Bank) any insurance policy, cover note or receipt on demand by the Bank for its inspection and verification.
Insurance and Maintenance. The Vendor shall insure the property with a non owner-occupant (landlord) policy against fire and extended coverage to the benefit of both parties as their Interests may appear herein. Said policy shall be for an amount no less than , payment of which shall be the responsibility of the Vendee, and which shall be escrowed and added to the payment due herein. Vendees shall keep the building in a good state of repair at the Vendees expense. At such time as the Vendor inspects the premises and finds that repairs are necessary, Vendor shall request that these repairs be made within sixty (60) days at the Vendees expense. The Vendees have inspected the premises constituting the subject matter of this Land Contract, and no representations have been made to the Vendee by the Vendor in regard to the condition of said premises: and it is agreed that the said premises are being sold to the Vendee as the same now exists and that the Vendor shall have no obligation to do or furnish anything toward the improvement of said premises. Vendor shall furnish a clear termite report at Vendor's expense prior to executing this contract. If the property has live infestation of wood destroying insec1s, Vendor will pay costs of treatment and repair damages caused by same. If Vendor elects not to do so. Vendee may elect to waive Vendors responsibility and proceed. or Vendee may elect not to proceed with this contract. Notice of each election shall be given in writing within five (5) days of. respectively. receipt of Vendor of the notice of infestation and receipt by Vendee of Vendors notice as to intention to remedy.
Insurance and Maintenance. The Vendor agrees to keep the premises insured against fire and other hazard for at least Dollars ($ ), and shall escrow and add the cost for said insurance premiums to the Vendee's principal and interest obligation herein. Vendor herein shall have the right to enter the premises at least once per year with twenty-four hours notice to Xxxxxx of his interest to exercise his right. Vendee shall keep the building in a good state of repair and well painted at the Vendee expense and no additions or alterations shall be made to the building without the Vendor's permission, which shall not be unreasonably withheld. At such time as the Vendor Inspects the premises and finds that repairs are necessary, Vendor shall request that these repairs be made within thirty (30) days at the Vendee's expense. The Vendee has inspected the premises constituting the subject matter of this Land Contract, and no representations have been made to the Vendee by the Vendor in regard to the condition of said premises; and it is agreed that the said premises are being sold to the Vendee as the same now exists and that the Vendor shall have no obligation to do or furnish anything toward the improvement of said premises, except as may be provided herein.
Insurance and Maintenance. The User must – ensure that the Motor Vehicle is comprehensively insured at all times, not do anything that may void this insurance, and ensure that the Motor Vehicle is regularly maintained and otherwise kept in a good state of repair.
Insurance and Maintenance. Tenant shall be individually responsible for and shall pay for (a) insurance required to cover the value of the contents of the Ambassador House;
Insurance and Maintenance. In addition to the Rent, Tenant shall be responsible for all costs of operating and maintaining the Leased Premises including insurance and routine maintenance.
Insurance and Maintenance. 12.1 In order to safeguard the security for the loan and to ensure that the Lender’s lien is marked on the insurance, the Borrower shall, immediately after signing this agreement, keep the Asset insured against any loss or damage by accident or fire or other perils under a Comprehensive Policy including the risks against strikes, riots, Civil Commotions, floods and such wider liability to which the asset is normally exposed and unlimited third party liability risks with an Insurance Company approved by the Lender and shall punctually pay all premia and other sums required for keeping the said insurance effective throughout the period of this agreement and produce and deliver (if so required by the Lender) any insurance policy, cover note or receipt on demand by the Lender for its inspection and verification. Each insurance policy shall be in the name of the Borrower with the necessary endorsement in favour of the Lender as ‘loss payee’ and additional endorsement in favour of the Lender’s Bankers, if so required by the Lender.
Insurance and Maintenance a) The Borrower(s) shall at its own expense during the continuance of the security herein keep the Hypothecated Vehicle covered under comprehensiverisk, including riot, civil commotion risk, fire, theft, unlimited third party risk and otherhazards as stipulated from timetotimewith such insurancecompany asmay berequired bythe Bankbytimelypayment of all premiainrespect ofsuch insurance and produce and deliver (if so required by the Bank) any insurance policy, cover note or receipt on demand by the Bank for its inspection and verification.
Insurance and Maintenance. 12.1 In order to safeguard the security for the loan and to ensure that the lender’s lien is marked on the insurance, the Borrower shall, immediately after signing this agreement; keep the asset insured against any loss or damage by accident or fire or other perils under a Comprehensive Policy including the risks against strikes, riots, civil commotions, floods and such wider liability to which the asset is normally exposed and unlimited third party liability risks with any insurance company and shall punctually pay all premia and other sums required for keeping the said insurance effective throughout the period of this agreement and produce and deliver (if so required by the Lender) any insurance policy, cover note or receipt on demand by the lender for its inspection and verification. Each insurance policy shall be in the name of the Borrower with the necessary endorsement in favour of the lender as ‘loss payee’ and additional endorsement in favour of the lenders’ bankers, if so, required by the lender.
