Affirmative Covenants - Insurance Sample Clauses
The Affirmative Covenants - Insurance clause requires a party, typically the borrower or lessee, to maintain specified types and amounts of insurance coverage throughout the term of an agreement. This may include property, liability, or other relevant insurance policies, and often obligates the party to provide proof of coverage and notify the other party of any changes or lapses. The core function of this clause is to ensure that adequate protection is in place against potential losses or liabilities, thereby safeguarding the interests of all parties involved in the contract.
Affirmative Covenants - Insurance costs of corn and natural gas utilized for commissioning, Performance Tests for, and operation of, the Project prior to the Final Completion Date;
Affirmative Covenants - Insurance costs of corn and natural gas utilized for commissioning, Performance Tests for, and operation of, the Aberdeen II Plant prior to the Final Completion Date;
Affirmative Covenants - Insurance costs of feedstock and natural gas utilized for commissioning, Performance Tests for, and operation of, the Project prior to the Final Completion Date;
Affirmative Covenants - Insurance costs of corn and natural gas utilized for commissioning, Performance Tests for, and operation of, the Bloomingburg Plant prior to the Commercial Operation Date; and
Affirmative Covenants - Insurance. The last sentence of Section 6.4(a) of the $50,000,000 Credit Agreement is hereby amended and restated to read in its entirety as follows: “All sums so disbursed, including reasonable attorneys’ fees, court costs and other charges related thereto, shall be deemed to be a Working Capital Facility Loan hereunder, shall be payable on demand by Borrowers to Lender, shall be additional Obligations hereunder secured by the Collateral, and shall bear interest at the Default Rate until paid in full to Lender.”