Common use of Contesting of Insurance Clause in Contracts

Contesting of Insurance. The Mortgagor shall not take any action that could reasonably be likely to result in termination, revocation or denial of any insurance coverage required to be maintained under this Mortgage or that could reasonably be likely to result in the basis for a defense to any claim under any Insurance Policy maintained in respect of the Premises and the Mortgagor shall otherwise comply in all respects with all Insurance Requirements in respect of the Premises; provided, however, that the Mortgagor may, at its own expense and after written notice to the Mortgagee, (i) contest the applicability or enforceability of any such Insurance Requirements by appropriate legal proceedings, prosecution of which does not constitute a basis for cancellation or revocation of any insurance coverage required under Article VIII hereof or (ii) cause the Insurance Policy containing any such Insurance Requirement to be replaced by a new policy complying with the provisions of Article VIII hereof.

Appears in 4 contracts

Samples: Credit Agreement (Cpi International, Inc.), Credit Agreement (Cpi International, Inc.), Credit Agreement (Cpi International, Inc.)

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Contesting of Insurance. The Mortgagor shall not take any action that could would reasonably be likely expected to result in cause the termination, revocation or denial of any insurance coverage required to be maintained under this Mortgage or that could reasonably would be likely to result in the basis for a defense to any claim under any Insurance Policy maintained in respect of the Premises and the Mortgagor shall otherwise comply in all respects with all Insurance Requirements in respect of the Premises; provided, however, that the Mortgagor may, at its own expense and after written notice to the Mortgagee, (i) contest the applicability or enforceability of any such Insurance Requirements by appropriate legal proceedings, prosecution of which does not constitute a basis for cancellation or revocation of any insurance coverage required under Article VIII hereof or (ii) cause the Insurance Policy containing any such Insurance Requirement to be replaced by a new policy complying with the provisions of Article VIII hereof.

Appears in 2 contracts

Samples: Security Agreement and Fixture Filing (Jacobs Entertainment Inc), Security Agreement and Fixture Filing (Jacobs Entertainment Inc)

Contesting of Insurance. The Mortgagor shall not take any action that could reasonably be likely to result in the basis for termination, revocation or denial of any insurance coverage required to be maintained under this Mortgage or that could reasonably be likely to result in the basis for a defense to any claim under any Insurance Policy maintained in respect of the Premises and the Mortgagor shall otherwise comply in all respects with all Insurance Requirements in respect of the Premises; provided, however, that the Mortgagor may, at its own expense and after written notice to the Mortgagee, (i) contest the applicability or enforceability of any such Insurance Requirements by appropriate legal proceedings, prosecution of which does not constitute a basis for cancellation or revocation of any insurance coverage required under Article VIII hereof or (ii) cause the Insurance Policy containing any such Insurance Requirement to be replaced by a new policy complying with the provisions of Article VIII hereof.

Appears in 2 contracts

Samples: Security Agreement and Fixture Filing (Granite Broadcasting Corp), Security Agreement (Listerhill Total Maintenance Center LLC)

Contesting of Insurance. The Mortgagor shall not take any action that could reasonably be likely expected to result in be the basis for termination, revocation or denial of any insurance coverage required to be maintained under this Mortgage or that could reasonably be likely expected to result in be the basis for a defense to any claim under any Insurance Policy maintained in respect of the Leased Premises and the Mortgagor shall otherwise comply in all respects with all Insurance Requirements in respect of the Leased Premises; provided, however, that the Mortgagor may, at its own expense and after written notice to the Mortgagee, (i) contest the applicability or enforceability of any such Insurance Requirements by appropriate legal proceedings, prosecution of which does not constitute a basis for cancellation or revocation of any insurance coverage required under Article VIII hereof or (ii) cause the Insurance Policy containing any such Insurance Requirement to be replaced by a new policy complying with the provisions of Article VIII hereof.

Appears in 2 contracts

Samples: Priority Intercreditor Agreement (Trump Indiana Inc), Security Agreement and Fixture Filing (Trump Indiana Inc)

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Contesting of Insurance. The Mortgagor shall not take any action that could would reasonably be likely expected to result in cause the termination, revocation or denial of any insurance coverage required to be maintained under this Mortgage or that could reasonably would be likely to result in the basis for a defense to any claim under any Insurance Policy maintained in respect of the Leasehold Premises and the Mortgagor shall otherwise comply in all respects with all Insurance Requirements in respect of the Leasehold Premises; provided, however, that the Mortgagor may, at its own expense and after written notice to the Mortgagee, (i) contest the applicability or enforceability of any such Insurance Requirements by appropriate legal proceedings, prosecution of which does not constitute a basis for cancellation or revocation of any insurance coverage required under Article VIII hereof or (ii) cause the Insurance Policy containing any such Insurance Requirement to be replaced by a new policy complying with the provisions of Article VIII hereof.

Appears in 1 contract

Samples: Security Agreement (Jacobs Entertainment Inc)

Contesting of Insurance. The Mortgagor No Grantor shall not take any action that could would reasonably be likely expected to result in cause the termination, revocation or denial of any insurance coverage required to be maintained under this Mortgage Deed of Trust or that could reasonably would be likely to result in the basis for a defense to any claim under any Insurance Policy maintained in respect of the Owned Premises or Leased Premises and the Mortgagor such Grantor shall otherwise comply in all respects with all Insurance Requirements in respect of the Owned Premises and Leased Premises; provided, however, that the Mortgagor such Grantor may, at its own expense and after written notice to the MortgageeBeneficiary, (i) contest the applicability or enforceability of any such Insurance Requirements by appropriate legal proceedings, prosecution of which does not constitute a basis for cancellation or revocation of any insurance coverage required under Article VIII hereof or (ii) cause the Insurance Policy containing any such Insurance Requirement to be replaced by a new policy complying with the provisions of Article VIII hereof.

Appears in 1 contract

Samples: Disturbance and Attornment Agreement (Jalou Cashs LLC)

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