Insurance of Property. The Borrower shall ensure that the property is, during the pendency of the loan, always duly and properly insured against all risks such as earthquake, fire, flood, explosion, xxxxx, xxxxxxx, cyclone, civil commotion, etc. HDFC be made the sole beneficiary under the policy / policies.
Insurance of Property. Each Borrower will keep its business and its Unencumbered Assets insured at all times for full replacement value or otherwise in amounts acceptable to Agent and all of its other assets insured in commercially reasonable amounts, all by commercially reasonable insurance companies against the risks for which provision for such insurance is usually made by other Persons engaged in a similar business similarly situated (including without limitation insurance for fire and other hazards and insurance against liability on account of damage to persons or property and insurance under all applicable workmen's compensation laws) and to the same extent thereto and carry such other types and amounts of insurance as are usually carried by Persons engaged in the same or a similar business similarly situated, and upon request deliver to the Agent, on behalf of the Banks, a certificate from the insurer setting forth the nature of the risks covered by such insurance, the amount carried with respect to each risk, and the name of the insurer. Each Borrower hereby agrees that any proceeds from such insurance coverage shall be applied to either (i) repair or rebuild the property for which such proceeds are being received, (ii) acquire a substantially equivalent property with a substantially equivalent lease stream of similar credit quality or (iii) repay any borrowings hereunder.
Insurance of Property. The Company shall adequately insure all property, real, personal and mixed, owned or leased by the Company, against all ordinary and insurable risks; and all such property shall be used, operated, maintained and repaired in a manner consistent with past practices. The Company shall not allow or permit to be done any act by which insurance policies may be impaired, terminated or canceled.
Insurance of Property. The borrower shall be vigilant and he shall ensure that the property is, during the pendency of the loan, always duly and properly insured against all risks such as earthquake, fire, flood, explosion, xxxxx, xxxxxxx, cyclone, civil commotion, etc, MHIL being made the sole beneficiary under the policy / policies, and produce evidence thereof to MHIL on his own from time to time. The Borrower shall pay the premium amounts promptly and regularly so as to keep the policy/policies alive at all times during the said period.
Insurance of Property. The borrower shall ensure that property is properly insured for fire, earthquake, flood, explosion, storm and other allied perils for an amount equal to the cost of the property during the pendency of the loan. The policy has to be assigned in favour of Nivara Home Finance Ltd. and the borrower is also required to provide evidence to that extent each year.
Insurance of Property. The Borrower shall ensure that the property is, during the currency of loan of the loan, always duly and properly insured against all risks such as earthquake, fire, flood, explosion, xxxxx, xxxxxxx, cyclone, civil commotion, etc. IHLL be made the sole beneficiary under the policy/policies with requisite mention by an endorsement.
Insurance of Property. The Borrower shall ensure that the property is, during the pendency of the loan, always duly and properly insured against all risks such as earthquake, fire, flood, explosion, xxxxx, xxxxxxx, cyclone, civil commotion, etc. SBM INDIA be made the sole beneficiary under the policy / policies.
Insurance of Property. The borrower shall ensure the property is, during the pendency of the loan, always duly and properly insured against all risks such as earthquake, fire, flood, explosion, xxxxx, xxxxxxx, cyclone, civil commotion, etc. for the full market value. MBIND be made the sole beneficiary under the policy / policies.
Insurance of Property. Until the Closing Date, Sellers shall continue existing insurance coverage or substantial equivalents thereof on the Purchased Assets and shall not allow or permit to be done any act by which such insurance policies may be impaired, terminated or canceled. Asset Purchase Agreement
Insurance of Property. Landlord shall be responsible for insuring the Building, the cost of which shall be an Operating Expense, and Tenant shall be responsible for insuring its personal property, equipment, and trade fixtures located on the Premises.
