Common use of Special Notice Clause in Contracts

Special Notice. Unless Borrower provides Lender with evidence that the required Policies have been obtained, are in full force and effect, and meet the Insurance Requirements, Lender may purchase insurance at Borrower’s expense to protect Xxxxxx’s interests. Borrower may later cancel any insurance purchased by Xxxxxx, but only after providing Lender with evidence that Borrower has been obtained insurance satisfying the Insurance Requirements. Borrower shall reimburse Lender, upon demand, for the costs of such insurance obtained by Xxxxxx, together with interest thereon at the Default Rate from the date such insurance was purchased to the date of such reimbursement. ​

Special Notice. Unless Borrower provides Lender with evidence that the required Policies have been obtained, are in full force and effect, and meet the Insurance Requirements, Lender may purchase insurance at Borrower’s expense to protect Xxxxxx’s interests. Borrower may later cancel any insurance purchased by Xxxxxx, but only after providing Lender with evidence that Borrower has been obtained insurance satisfying the Insurance Requirements. Borrower shall reimburse Lender, upon demand, for the costs of such insurance obtained by Xxxxxx, together with interest thereon at the Default Rate from the date such insurance was purchased to the date of such reimbursement. ​.

Special Notice. Unless Borrower provides Lender with evidence that the required Policies have been obtained, are in full force and effect, and meet the Insurance Requirements, Lender may purchase insurance at Borrower’s expense to protect XxxxxxLender’s interests. Borrower may later cancel any insurance purchased by XxxxxxLender, but only after providing Lender with evidence that Borrower has been obtained insurance satisfying the Insurance Requirements. Borrower shall reimburse Lender, upon demand, for the costs of such insurance obtained by XxxxxxLender, together with interest thereon at the Default Rate rate of 10% per annum from the date such insurance was purchased to the date of such reimbursement. ​.

Special Notice. Unless Borrower provides Lender with evidence that the required Policies have been obtained, are in full force and effect, and meet the Insurance Requirements, Lender may purchase insurance at Borrower’s expense to protect XxxxxxLender’s interests. Borrower may later cancel any insurance purchased by XxxxxxLender, but only after providing Lender with evidence that Borrower has been obtained insurance satisfying the Insurance Requirements. Borrower shall reimburse Lender, upon demand, for the costs of such insurance obtained by XxxxxxLender, together with interest thereon at the Default Rate default interest rate applicable to the Loans from the date such insurance was purchased to the date of such reimbursement. ​.

Special Notice. Unless Borrower provides Lender with evidence that the required Policies have been obtained, are in full force and effect, and meet the Insurance Requirements, Lender may purchase insurance at Borrower’s expense to protect XxxxxxLender’s interests. Borrower may later cancel any insurance purchased by XxxxxxLender, but only after providing Lender with evidence that Borrower has been obtained insurance satisfying the Insurance Requirements. Borrower shall reimburse Lender, upon demand, for the costs of such insurance obtained by XxxxxxLender, together with interest thereon at the Default Rate default interest rate applicable to the Loan from the date such insurance was purchased to the date of such reimbursement. ​.

Special Notice. Unless Borrower provides Lender with evidence that the required Policies have been obtained, are in full force and effect, and meet the Insurance Requirements, Lender may purchase insurance at Borrower’s expense to protect XxxxxxLender’s interests. Borrower may later cancel any insurance purchased by XxxxxxLender, but only after providing Lender with evidence that Borrower has been obtained insurance satisfying the Insurance Requirements. Borrower shall reimburse Lender, upon demand, for the costs of such insurance obtained by XxxxxxLender, together with interest thereon at the Default Rate default interest rate applicable to the Loans from the date such insurance was purchased to the date of such reimbursement. ​.