Approval of Insurers. All policies of insurance required to be taken out by the Tenant shall be placed with insurers licensed and authorized to do business in the Province of Ontario and having an AM Best Rating of A- or better.
Approval of Insurers. All insurance policies taken out by the Tenant shall be placed with insurers satisfactory to the Landlord acting reasonably. Without limiting the generality of the foregoing, all insurers must be licensed to underwrite insurance in the Province of Ontario, except to the extent the Landlord waives such requirement in writing.
Approval of Insurers. All insurance policies taken out by the Subtenant shall be placed with insurers satisfactory to the Sublandlord and the Headlandlord acting reasonably. Without limiting the generality of the foregoing, all insurers must be licensed to underwrite insurance in the Province of Ontario, except to the extent the Sublandlord waives such requirement in writing.
Approval of Insurers. On or prior to the First Closing Date, Lessee shall obtain the approval by Lessor and Indenture Trustee (which approval shall not be unreasonably withheld) of the insurers with which the insurance referred to in Section 9(a) shall be maintained. Thereafter, Lessee shall notify Lessor and Indenture Trustee in writing at least 20 days prior to obtaining coverage from any additional insurer or new insurer and Lessor and Indenture Trustee shall have the right to approve (which approval shall not be unreasonably withheld) any such insurer; provided, however, that, if Lessee shall not have received notice of disapproval from Lessor or Indenture Trustee within 20 days of receipt by them of such notice from Lessee, the insurer or insurers named therein shall be deemed to be approved for purposes of this Section 9.
