Common use of Assignment of Insurance Clause in Contracts

Assignment of Insurance. The Debtor hereby assigns to the Secured ------------------------ Party, as additional security for the payment of the Obligations, any and all moneys (including but not limited to proceeds of insurance and refunds of unearned premiums) due or to become due under, and all other rights of the Debtor under or with respect to, any and all policies of insurance covering the Collateral, and the Debtor hereby directs the issuer of any such policy to pay any such moneys directly to the Secured Party. Both before and after the occurrence of an Event of Default, the Secured Party may (but need not), in its own name or in the Debtor's name, execute and deliver proofs of claim, receive all such moneys, endorse checks and other instruments representing payment of such moneys, and adjust, litigate, compromise or release any claim against the issuer of any such policy.

Assignment of Insurance. The Debtor Corporate Guarantor hereby assigns to the Secured ------------------------ Party, as additional security for the payment of the Obligations, any and all moneys (including but not limited to proceeds of insurance and refunds of unearned premiums) due or to become due under, and all other rights of the Debtor Corporate Guarantor under or with respect to, any and all policies of insurance covering the Collateral, and the Debtor Corporate Guarantor hereby directs the issuer of any such policy to pay any such moneys directly to the Secured Party. Both before and after After the occurrence of an Event of Default, the Secured Party may (but need not), in its own name or in the DebtorCorporate Guarantor's name, execute and deliver proofs of claim, receive all such moneys, endorse checks and other instruments representing payment of such moneys, and adjust, litigate, compromise or release any claim against the issuer of any such policy.

Assignment of Insurance. The Each Debtor hereby assigns to the Secured ------------------------ Party, as additional security for the payment of the Obligations, any and all moneys (including including, but not limited to to, proceeds of insurance and refunds of unearned premiums) due or to become due under, and all other rights of the such Debtor under or with respect to, to any and all policies of insurance covering the Collateral, and the such Debtor hereby directs the issuer of any such policy to pay any such moneys directly to the Secured Party. Both before and after After the occurrence and during the continuation of an Event of Default, the Secured Party may (but need not), in its own name or in the such Debtor's ’s name, execute and deliver proofs of claim, receive all such moneys, endorse checks and other instruments representing payment of such moneys, and adjust, litigate, compromise or release any claim against the issuer of any such policy.

Assignment of Insurance. The Effective upon the occurrence of an Event of Default, Debtor hereby assigns to the Secured ------------------------ Party, as additional security for the payment of the Obligations, any and all moneys (including but not limited to proceeds of insurance and refunds of unearned premiums) due or to become due under, under and all other rights of the Debtor under or with respect to, any and all policies of insurance covering the Collateral, and the Debtor hereby directs the issuer of any such policy to pay any such moneys directly to the Secured Party. Both before and after After the occurrence of an Event of Default, the Secured Party may (but need not), in its own name or in the Debtor's ’s name, execute and deliver proofs of claim, receive all such moneys, endorse checks and other instruments representing payment of such moneys, and adjust, litigate, compromise or release any claim against the issuer of any such policy.

Assignment of Insurance. The Section 6.01. Each Debtor hereby assigns to the Secured ------------------------ Party, as additional security for the payment of the Obligations, any and all moneys (including but not limited to proceeds of insurance and refunds of unearned premiums) due or to become due under, and all other rights of the each Debtor under or with respect to, any and all policies of insurance covering the Collateral, and the each Debtor hereby directs the issuer of any such policy to pay any such moneys directly to the Secured Party. Both before and after After the occurrence of an Event of Default, the Secured Party may (but need not), in its own name or in the any Debtor's ’s name, execute and deliver proofs of claim, receive all such moneys, endorse checks and other instruments representing payment of such moneys, and adjust, litigate, compromise or release any claim against the issuer of any such policy.

Assignment of Insurance. The Debtor hereby assigns to the Secured ------------------------ ----------------------- Party, as additional security for the payment of the Obligations, any and all moneys (including but not limited to proceeds of insurance and refunds of unearned premiums) due or to become due under, and all other rights of the Debtor under or with respect to, any and all policies of insurance covering the Collateral, and the Debtor hereby directs the issuer of any such policy to pay any such moneys directly to the Secured Party. Both before and after the occurrence of an Event of Default, the Secured Party may (but need not), in its own name or in the name of the Debtor's name, execute and deliver proofs of claim, receive all such moneys, endorse checks and other instruments representing payment of such moneys, and adjust, litigate, compromise or release any claim against the issuer of any such policy.

Assignment of Insurance. The Debtor hereby assigns to the Secured ------------------------ Party, as additional security for the payment of the Obligations, any and all moneys (including but not limited to proceeds of insurance and refunds of unearned premiums) due or to become due under, and all other rights of the Debtor under or with respect to, any and all policies of insurance covering the Collateral, and the Debtor hereby directs the issuer of any such policy to pay any such moneys directly to Secured Party in the Secured Partyevent of an Event of Default. Both before and after the occurrence of an Event of Default, the Secured Party may (but need not), in its Secured Party’s own name or in the Debtor's ’s name, execute and deliver proofs of claim, receive all such moneys, endorse checks and other instruments representing payment of such moneys, and adjust, litigate, compromise or release any claim against the issuer of any such policy.

Assignment of Insurance. The Effective upon the occurrence of an Event of Default, Debtor hereby assigns to the Secured ------------------------ Party, as additional security for the payment of the Obligations, any and all moneys (including but not limited to proceeds of insurance and refunds of unearned premiums) due or to become due under, under and all other rights of the Debtor under or with respect to, any and all policies of insurance covering the Collateral, and the Debtor hereby directs the issuer of any such policy to pay any such moneys directly to the Secured Party. Both before and after After the occurrence of an Event of Default, the Secured Party may (but need not), in its own name or in the Debtor's ’s name, execute and deliver proofs of claim, receive all such moneys, endorse checks and other instruments representing payment of such moneys, and adjust, litigate, compromise or release any claim against the issuer of any such policy.