The Bank. The Borrower(s) shall make punctual payment of all premium and shall not do or suffer to be done any act which may invalidate such insurance and will on receipt of any monies under the said policies, pay the same to the Bank which shall, at the option of the Bank, be applied either in reinstating or replacing the security or in repayment of the said Dues.
Appears in 4 contracts
Samples: Facility Agreement, Facility Agreement, Agreement
