Common use of Continuation of Insurance Clause in Contracts

Continuation of Insurance. All policies of insurance shall provide for at least thirty (30) days prior written cancellation notice to the Agent. In the event of failure by the Guarantor to provide and maintain insurance as herein provided, the Agent may, at its option, provide such insurance and charge the amount thereof to the Guarantor. The Guarantor shall furnish the Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 11 contracts

Samples: Security Agreement (Lydall Inc /De/), Security Agreement (Lydall Inc /De/), Security Agreement (Lydall Inc /De/)

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Continuation of Insurance. All policies of insurance shall provide for at least thirty (30) days prior written cancellation notice to the AgentLender. In the event of failure by the Guarantor to provide and maintain insurance as herein provided, the Agent Lender may, at its option, provide such insurance and charge the amount thereof to the Guarantor. The Guarantor shall furnish the Agent Lender with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 3 contracts

Samples: Security Agreement (Lydall Inc /De/), Security Agreement (Lydall Inc /De/), Security Agreement (Lydall Inc /De/)

Continuation of Insurance. All policies of insurance shall provide for at least thirty (30) days prior written cancellation notice to the Agent. In the event of failure by the Guarantor Borrower to provide and maintain insurance as herein provided, the Agent may, at its option, provide such insurance and charge the amount thereof to the GuarantorBorrower. The Guarantor Borrower shall furnish the Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 2 contracts

Samples: Security Agreement (Lydall Inc /De/), Security Agreement (Lydall Inc /De/)

Continuation of Insurance. All policies of insurance shall provide for at least thirty (30) days prior written cancellation notice to the Agent. In the event of failure by the Guarantor Company to provide and maintain insurance as herein provided, the Agent may, at its option, provide such insurance and charge the amount thereof to the GuarantorCompany. The Guarantor Company shall furnish the Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 1 contract

Samples: Security Agreement (Mac-Gray Corp)

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Continuation of Insurance. All policies of insurance required hereunder shall provide for at least thirty sixty (3060) days prior written cancellation notice to the Agent. In the event of failure by the Guarantor Borrowers to provide and maintain insurance as herein provided, the Agent may, at its option, provide such insurance and charge the amount thereof to the GuarantorBorrowers. The Guarantor Borrowers shall furnish the Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 1 contract

Samples: Loan and Security Agreement (Fao Inc)

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