Common use of Separate Insurance Clause in Contracts

Separate Insurance. No Loan Party will take out, nor will it permit any of its Subsidiaries to take out, separate insurance concurrent in form or contributing in the event of loss with that required to be maintained pursuant to this Section unless such insurance complies with all of the requirements of this Section.

Appears in 6 contracts

Samples: Assignment Agreement (Corporate Office Properties Trust), Assignment Agreement (Corporate Office Properties Trust), Credit Agreement (Royale Investments Inc)

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Separate Insurance. No Each Loan Party will not take out, nor will it permit any of its Subsidiaries to take out, separate insurance concurrent in form or contributing in the event of loss with that required to be maintained pursuant to this Section subsection unless such insurance complies with all of the requirements of this Sectionsubsection.

Appears in 2 contracts

Samples: Credit Agreement (Prime Hospitality Corp), Senior Secured Revolving Credit Agreement (Capstar Hotel Co)

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