Common use of Approved Insurers Clause in Contracts

Approved Insurers. Each of the Borrower's insurers shall be an Approved Insurer. If any of the Borrower's insurers shall at any time cease to be an Approved Insurer, then within thirty (30) days after notice from the Lender to the Borrower, the Borrower will obtain replacement Insurance or additional Insurance issued by one or more other Approved Insurers.

Appears in 6 contracts

Samples: Loan Agreement (Wellsford Real Properties Inc), Loan Agreement (RFS Hotel Investors Inc), Loan Agreement (Brassie Golf Corp)

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