Additional Provision Respecting Insurance Clause Samples
Additional Provision Respecting Insurance. All insurance required in Section 5.3 hereof shall be taken out and maintained in generally recognized responsible insurance companies selected by the Company and qualified to do business in the State of Indiana. All policies evidencing such insurance shall provide for payment to the Company. A certificate, or certificates, of the insurers that such insurance is in force and effect, together with copies of the insurance policies, shall be deposited promptly with the Trustee upon request and, prior to the expiration of any such policy, the Company shall furnish the Trustee upon request with evidence satisfactory to the Trustee that the policy has been renewed or replaced, or is no longer required by this Agreement. The insurance herein required may be contained in blanket policies now or hereafter maintained by the Company.
Additional Provision Respecting Insurance. All insurance required in Section 5.3 hereof shall be taken out and maintained in generally recognized responsible insurance companies selected by the Company and qualified to do business in the State of Illinois. All policies evidencing such insurance shall provide for payment to the Bank or if no Bank, to Trustee. A certificate, or certificates, of the insurers that such insurance is in force and effect, together with copies of the insurance policies, shall be deposited promptly with the Trustee upon request and, prior to the expiration of any such policy, the Company shall furnish the Trustee upon request with evidence satisfactory to the Trustee that the policy has been renewed or replaced, or is no longer required by this Agreement. The insurance herein required may be contained in blanket policies now or hereafter maintained by the Company.