Casualty and Liability Insurance. Borrower shall have furnished to Bank, in form, content and amounts and with companies satisfactory to Bank, casualty insurance policies with lender loss payable clauses in favor of Bank, relating to the assets and properties (including, but not limited to, the Collateral) of Borrower and evidence of general liability insurance as required by this Agreement or any Related Document (or evidence of insurance on an XXXXX 28 (2003 version) (in the case of property insurance) or XXXXX 25 (in the case of liability insurance) form of certificate) each policy to be in effect for a period of not less than one year following the Effective Date.
Casualty and Liability Insurance. Borrower, at its expense or the expense of the applicable Tenant, shall maintain and deliver, or cause to be maintained and delivered, to Administrative Agent the policies of insurance set forth on Exhibit I attached hereto with respect to the Collateral and the Subsidiary Guarantors. All insurance policies shall (i) be issued by an insurance company licensed or authorized to do business in the state where the property is located having a rating of “A-” VIII or better by A.M. Best Co., in Best’s Rating Guide, (ii) name “JPMorgan Chase Bank, N.A., as administrative agent” as additional insureds on all liability insurance and as mortgagee and loss payee on all ISO Special Form or All-Risk Property insurance, (iii) be endorsed to show that Borrower’s insurance shall be primary and all insurance carried by Administrative Agent and the Lenders is strictly excess and secondary and shall not contribute with Borrower’s insurance, (iv) provide that Administrative Agent is to receive thirty (30) days written notice prior to non-renewal or cancellation, (v) be evidenced by a certificate of insurance to be provided to Administrative Agent or, if the applicable Tenant does not customarily provide certificates of insurance, such other form of document customarily provided by the applicable Tenant, along with a copy of the policy for the ISO Special Form or All-Risk Property coverage, (vi) include either policy or binder numbers on the Accord form, and (vii) be in form and amounts as those policies described in Exhibit I or otherwise reasonably acceptable to Administrative Agent. Borrower acknowledges that Borrower has been advised by Administrative Agent of, and agrees that the requirements of this Section 6.8 and Exhibit I are in compliance with the following legal limitation regarding hazard insurance coverage pursuant to Arizona Revised Statutes Section 44-1208: “.
Casualty and Liability Insurance. The Mortgagor shall at -------------------------------- all times keep the Property insured for the benefit of the Mortgagor and the Mortgagee against loss or damage by fire by fire insurance and extended coverage insurance and against such other hazards, casualties, and contingencies, all as Mortgagee may require from time to time. Such insurance shall be written in amounts equal to one hundred percent (100%) of the replacement value of the Property or such other amount as may be approved by Mortgagee. Such insurance shall be written in forms and by companies satisfactory to the Mort- gagee, and the losses thereunder shall be payable to the Mortgagee alone and not to the Mortgagor and the Mortgagee, jointly. The policy or policies of such casualty insurance shall, if requested by Mortgagee, be delivered to and retained by the Mortgagee, and the Mortgagor shall provide the Mortgagee with receipt evidencing the payment of all premiums due on such policies. The Mortgagor shall give the Mortgagee prompt notice of any loss covered by such casualty insurance, and the Mortgagee shall have the right (subject to the approval of Mortgagor, so long as no Event of Default has occurred) to adjust any loss covered by an insurance policy. All monies received as payment for a loss covered by an insurance policy ("Insurance Proceeds") shall be paid over to the Mortgagee to be applied, at the option of the Mortgagee, either to the prepayment of the indebtedness secured by the Mortgage or to the payment of other charges or expenses actually incurred by the Mortgagor in the res- toration, reconstruction, repair, renovation' or replacement of the Property; provided, however, that the application of Insurance Proceeds shall be made at the option of the Mortgagor so long as no default or Event of Default has occurred and so long as the Insurance Proceeds are sufficient, together with other funds deposited for this purpose with the Mortgagee by Mortgagor, to restore the Property to a condition and value satisfactory to the Mortgagee. The Mortgagor may not take out separate insurance concurrent in form or contributing in the event of loss with that required to be maintained under the above paragraph unless the mortgagee is included thereon as a named insured with losses payable to the Mortgagee as above provided. The Mortgagor shall immediately notify the Mortgagee whenever any such separate insurance is taken out and shall promptly deliver to the Mortgagee the policy or policies...
Casualty and Liability Insurance. NAPLES GATORS shall maintain in effect during the Term of this Use, at NAPLES GATORS expense, a policy of casualty and liability insurance insuring the Property against loss by fire and other casualty in the replacement cost thereof, and with liability coverage in such amounts and with such coverage as may be determined by the CITY. NAPLES GATORS shall maintain in effect during the Term of this Use a policy of general liability insurance covering acts of NAPLES GATORS its guests, coaches, employees and invitees, occurring at the Premises in an amount of not less than One Million and No/100 Dollars ($1,000,000.00) per occurrence. The CITY shall be named as an additional insured on NAPLES GATORS liability policy.
Casualty and Liability Insurance. The Agent shall have received certificates of insurance, evidence of payment of all insurance premiums for the current policy year of each, and, if requested by the Agent, copies of insurance policies, evidencing customary levels of insurance (and deductibles) covering the Collateral and the Pledged Assets, with carriers reasonably acceptable to the Agent, and otherwise in form and substance customary in Borrowers’ industry.
Casualty and Liability Insurance. The Borrower shall:
1. Maintain, or cause to be maintained, fire, earthquake, property damage and public liability insurance on the Property and Improvements, naming the Bank as first mortgagee, loss payee and additional insured, by standard mortgagee endorsement, which insurance shall be in a form and in an amount satisfactory to the Bank and with an insurer satisfactory to the Bank. If required, the Borrower shall also obtain adequate workers compensation insurance. The original of each insurance policy required hereunder shall be delivered to the Bank at or prior to the Closing. Each insurance policy required by this Section shall contain an affirmative statement by the insurer agreeing to give written notice to the Bank at least thirty (30) days prior to cancellation or amendment of such policy for any reason whatsoever. The Borrower shall also furnish to the Bank (i) evidence that the Property is not in a floodplain or (ii) flood insurance in an amount and form satisfactory to the Bank
2. At or prior to the Closing and thereafter within ten (10) days after written request by the Bank, furnish to the Bank full information concerning such insurance described above and promptly effect such additional insurance to protect against additional risks and/or in additional amounts as the Bank may request from time to time, with the Bank named as a mortgagee, loss payee and an additional insured on all policies in effect at Closing or thereafter.
Casualty and Liability Insurance. The Company shall have as of the date hereof obtained from financially sound and reputable insurers casualty and general liability insurance in amounts customary for companies similarly situated, except as otherwise determined by a majority of the Company’s Board of Directors, with such majority including at least two of the Preferred Directors. The Company will cause to be maintained the general liability insurance required by this subsection 2.4(f), except as otherwise determined by a majority of the Company’s Board of Directors, with such majority including at least two of the Preferred Directors. Such policy shall name the Company, Alloy Ventures 2005, L.P. (“Alloy Ventures”), Austin Ventures VIII, L.P. (“Austin Ventures”), North Bridge Venture Partners VI, L.P. (“North Bridge”) and August Capital V Special Opportunities, L.P. (“August Capital”) as loss payees and shall not be cancelable by the Company without prior approval of a majority of the Board of Directors, with such approval including at least two of the Preferred Directors.
Casualty and Liability Insurance. You shall have received a Compliance Certificate from the Company, and an Officers' Certificate from Mercury, each dated the date of the Closing and reasonably satisfactory in substance and form to you, certifying to the existence of the insurance, with insurance companies satisfactory to you, required by Section 1.12 of the Mortgage and Section 3.2.4.1 through and including 3.
Casualty and Liability Insurance. (a) Landlord shall, from --------------------------------- and after the date hereof, maintain All Risk insurance covering the Building, Building Parking Area (if applicable) and Landlord's property in the Leased Premises against loss, damage, or destruction. Such coverage shall equal at least one hundred percent (100%) of the replacement cost of the Building, Building Parking Area and Landlord's property in the Leased Premises, exclusive of architectural and engineering fees, excavation, footings and foundations.
(b) Landlord shall also, from and after the date hereof, maintain general public liability and property damage insurance in the minimum amounts of Five Million and No/100 Dollars ($5,000,000.00) in connection with any single occurrence of bodily injury or death and Five Hundred Thousand and No/100 Dollars ($500,000.00) in connection with claims for property damage.
(c) Tenant shall from and after the date Tenant (as tenant) commences any activities whatsoever in the Leased Premises, whether before or after the Rental Commencement Date, maintain insurance covering the personal property and leasehold improvements paid for by Tenant in the Leased Premises against loss, damage or destruction caused by boiler explosion or machinery breakdown, fire and the perils specified in the standard extended coverage endorsement, by vandalism and malicious mischief, and by sprinkler, gas, water, steam and sewer leakage. Fire and extended coverage shall equal actual cash value less any deductible.
(d) Landlord and Tenant each hereby waives its respective right of recovery against the other and each releases the other from any claim arising out of loss, damage or destruction to the Building, Building Service Systems, Leased Premises, Leased Premises Service Systems, Building Parking Area, or contents thereon or therein, whether or not such loss, damage or destruction may be attributable to the negligence of either party or its respective agent, visitor, contractor, servant or employee. Each policy shall include a waiver of the insurer's rights of subrogation against the party hereto who is not an insured under said policy.
(e) Tenant shall maintain general public liability and property damage insurance covering the legal liability of Landlord and Tenant against all claims for any bodily injury or death of persons and for damage to or destruction to property occurring on, in or about the Leased Premises and arising out of the use or occupation of the Leased Premises...
Casualty and Liability Insurance. On the Closing Date, you shall have received a certificate dated such Closing Date executed by an authorized officer of the Company in form and substance satisfactory to you and your special counsel, dated the Closing Date, stating that the Company is in compliance with the requirements of Section 2.6 of each of the Mortgages.
