Basic Insurance. Concurrently with the recording of the Mortgage, Borrower shall, at Borrower’s sole cost and expense, deliver or cause to be delivered to Lender the Title Insurance Policy issued by the Title Company (and such reinsurers and coinsurers as Lender may require) with a liability limit of not less than the full amount of the Loan and with coverage and in form satisfactory to Lender, insuring Lender’s interest under the Mortgage as a valid first lien on the Project, together with such reinsurance or coinsurance agreements or endorsements to the Title Insurance Policy as Lender may require, which policy shall contain only the Permitted Exceptions from its coverage, and thereafter Borrower shall, at its own cost and expense, do all things necessary to maintain the Mortgage as a valid first lien on the Property. 5.2 Intentionally Omitted.
Basic Insurance. Operator will maintain or cause to be maintained in full force and effect throughout the term of this Agreement aircraft liability insurance with respect to the Aircraft, naming Lessee as an additional insured, in an amount at least equal to $300,000,000 combined single limit for bodily injury to or death of persons (including passengers) and property damage liability.
Basic Insurance. An employee who is eligible for any amount of Basic Insurance must submit a written application and provide evidence of his insurability satisfactory to the Insurance Carrier for such amount of Basic Insurance and such amount shall become effective on the later of
Basic Insurance. Concurrently with the recording of the Deeds of Trust (or such earlier Closing Date), Borrower shall, at Borrower’s sole cost and expense, deliver or cause to be delivered to Lender the Title Insurance Policies issued by the Title Company for each Project (and such reinsurers and coinsurers as Lender may require) with a liability limit of not less than the full amount of the Loan and with coverage and in form satisfactory to Lender, insuring Lender’s interest under each Deed of Trust as a valid first priority lien on the applicable Project, together with such reinsurance or coinsurance agreements or endorsements to the Title Insurance Policies as Lender may require, which policy shall contain only the Permitted Exceptions from its coverage, and thereafter Borrower shall, at its own cost and expense, do all things necessary to maintain each Deed of Trust as a valid first priority lien on the applicable Project.
Basic Insurance. 31 8. INSURANCE ................................................................................................................. 31
Basic Insurance. Concurrently with the recording of the Deed of Trust, Borrower shall, at Borrower’s sole cost and expense, deliver or cause to be delivered to Administrative Agent the Title Insurance Policy issued by the Title Company with a liability limit of not less than the full amount of the Aggregate Commitment and with coverage and in form satisfactory to Administrative Agent, insuring Administrative Agent’s and Lender’s interest under the Deed of Trust as a valid first lien on the Project, which policy shall contain only such exceptions from its coverage as shall have been approved in writing by Administrative Agent, and thereafter Borrower shall, at its own cost and expense, do all things necessary to maintain the Deed of Trust as a valid first lien on the Property.
Basic Insurance. Concurrently with the recording of the Tranche One Projects Deeds of Trust (or such earlier Closing Date), Borrower shall, at Borrower’s sole cost and expense, deliver or cause to be delivered to Administrative Agent the Title Insurance Policies issued by the Title Company (and such reinsurers and coinsurers as Administrative Agent may require) with a liability limit of not less than the full amount of the Aggregate Commitment and with coverage and in form satisfactory to Administrative Agent, insuring Administrative Agent’s and Lender’s interest under each Deeds of Trust as a valid first liens on the applicable Project, together with such reinsurance or coinsurance agreements or endorsements to the Title Insurance Policies as Administrative Agent may require, which policy shall contain only the Permitted Exceptions from its coverage, and thereafter Borrower shall, at its own cost and expense, do all things necessary to maintain each Tranche One Project Deed of Trust as a valid first lien on the applicable Property. From and after the disbursement of the Tranche Two Holdback, Borrower shall, at its own cost and expense, do all things necessary to maintain the Tranche Two Project Deed of Trust as a valid first lien on the Tranche Two Project. From and after the disbursement of the Tranche Three Holdback, Borrower shall, at its own cost and expense, do all things necessary to maintain each Tranche Three Project Deed of Trust as a valid first lien on the applicable Property.
Basic Insurance. During the Severance Period Morrxx xxxll continue to be eligible for the Company's Basic Life Insurance coverage of $50,000.
Basic Insurance. During the term of this Lease, LESSEE shall maintain in full force and effect the policies and insurance coverage described in Exhibit B at LESSEE’S sole cost and expense.
Basic Insurance. In the event of your death, your Life Insurance will be payable, either in a lump sum or in installments for such fixed periods as may be arranged to any person you designate as beneficiary. You have the right to change your beneficiaryat any time, within the limits prescribedby law. life Insurance under this program is Term Life Insurance, which provides no paid The low cost of this form of insurance does not permit the creation of such values. You are informed of this so that you will not consider the Life Insurance provided under the program to be an adequate substitute for regular individual life insurance policies which you may now have or which you may plan thefuture. Each active employee is insured for of basic annual earnings based on the employee's regular hourly rate as of September of eachactivelyat on the date the employee returnsto active employment. The amount of life insurance will be adjusted to the nearest Each employee is requiredto pay a premium of per of life insurance per month. If you become totally and permanently disabled while insured under the program and prior to age through either sickness or amount equal to the amount of your life insurance (not in excess of if you are insured for more than that amount) will be payable to you at a rate of per month for each of life insurance for a maximum duration of months. Such installments, as paid, shall reduce the amount payable at death. The first payment will be made months the receipt by the Insurance Company of due proof of such disability. If death occurs while you are so disabled and before age any remaining amount payable in installments plus the excess amount if any will be payable death benefit. occurs on or after age any remaining amount payable in installments, plus the excess amount, if any, over will be payable as a death benefit.
