Common use of Contesting of Insurance Clause in Contracts

Contesting of Insurance. The Grantor shall not take any action that would reasonably be expected to cause the termination, revocation or denial of any insurance coverage required to be maintained under this Deed of Trust or that would be the basis for a defense to any claim under any Insurance Policy maintained in respect of the Premises and the Grantor shall otherwise comply in all respects with all Insurance Requirements in respect of the Premises; provided, however, that the Grantor may, at its own expense and after written notice to the Beneficiary, (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: And Attornment Agreement (Jacobs Entertainment Inc), Disturbance and Attornment Agreement (Jacobs Entertainment Inc), Security Agreement (Jacobs Entertainment Inc)

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Contesting of Insurance. The Grantor shall not take any action that would reasonably be expected to cause the termination, revocation or denial of any insurance coverage required to be maintained under this Deed of Trust or that would be the basis for a defense to any claim under any Insurance Policy maintained in respect of the Leased Premises and the Grantor shall otherwise comply in all respects with all Insurance Requirements in respect of the Leased Premises; provided, however, that the Grantor may, at its own expense and after written notice to the Beneficiary, (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: And Attornment Agreement (Jacobs Entertainment Inc)

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