Common use of Change in insurance requirements Clause in Contracts

Change in insurance requirements. Lender may at any time amend these insurance requirements due to (a) new information not known by Lender on the Effective Date which poses a material risk to the Property or the other Collateral or (b) changed circumstances after the Effective Date which in the reasonable judgment of Xxxxxx makes such change necessary.‌ Promptly following the receipt of a notice from Lender, the Loan Parties will make such modifications to the terms of any insurance policy as Lender specifies.

Change in insurance requirements. Lender may at any time amend these insurance requirements due to (a) new information not known by Lender on the Effective Date which poses a material risk to the Property or the other Collateral or (b) changed circumstances after the Effective Date which in the reasonable judgment of Xxxxxx Lxxxxx makes such change necessary.‌ necessary. Promptly following the receipt of a notice from Lender, the Loan Parties will make such modifications to the terms of any insurance policy as Lender specifies.. 123 313271651.15

Change in insurance requirements. Lender may at any time amend these insurance requirements due to (a) new information not known by Lender on the Effective Date which poses a material risk to the Property or the other Collateral Project or (b) changed circumstances after the Effective Date which in the reasonable judgment of Xxxxxx Lender makes such change necessary.‌ necessary, provided such amended insurance requirements are available at commercially reasonable rates and is customarily required of similar properties in the prevailing market. Promptly following the receipt of a notice from Lender, the Loan Parties Borrower will make such modifications to the terms of any insurance policy as Lender specifies.

Change in insurance requirements. Lender may at any time amend these insurance requirements due to (a) new information not known by Lender on the Effective Date which poses a material risk to the Property or the other Collateral or (b) changed circumstances after the Effective Date which in the reasonable judgment of Xxxxxx Lxxxxx makes such change necessary.‌ necessary. Promptly following the receipt of a notice from Lender, the Loan Parties will make such modifications to the terms of any insurance policy as Lender specifies.. 124 313271651.15