All Risk. “All risk” insurance against loss or damage to the Collateral. The deductible shall not exceed $25,000. The policy shall name Agent as sole loss payee with respect to the Collateral, shall not be invalidated by any action of or breach of warranty by Borrower of any provision thereof and shall waive subrogation against Agent.
Appears in 4 contracts
Samples: Loan and Security Agreement (Aquantia Corp), Loan and Security Agreement (Aquantia Corp), Loan and Security Agreement (Mascoma Corp)
All Risk. “All risk” insurance against loss or damage to the Collateral. The deductible shall not exceed $25,000. The policy shall name Agent as sole loss payee with respect to the Collateral, shall not be invalidated by any action of or breach of warranty by Borrower Borrowers of any provision thereof and shall waive subrogation against Agent.
Appears in 2 contracts
Samples: Loan and Security Agreement (Mascoma Corp), Loan and Security Agreement (Mascoma Corp)
All Risk. “All risk” insurance against loss or damage to the Collateral. The coverage limit shall be the replacement cost of the Equipment. The deductible shall not exceed $25,000. The policy shall name Agent as sole loss payee with respect to the Collateral, shall not be invalidated by any action of or breach of warranty by Borrower of any provision thereof and shall waive or subordinate subrogation against Agent.
Appears in 1 contract
Samples: Equipment Loan and Security Agreement (Intermix Media, Inc.)
All Risk. “All risk” insurance against loss or damage to the Collateral. The deductible shall not exceed $25,000. The policy shall name Agent as sole a loss payee with respect to the Collateral, shall not be invalidated by any action of or breach of warranty by Borrower of any provision thereof and shall waive subrogation against Agent.
Appears in 1 contract
