Common use of Continuation of Insurance Clause in Contracts

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

Appears in 2 contracts

Samples: Security Agreement (Evolving Systems Inc), Security Agreement (Evolving Systems Inc)

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Continuation of Insurance. All policies of insurance shall provide for at least 30 days prior written cancellation notice to the Collateral Agent. In the event of failure by the Maker any Obligor to provide and maintain insurance as herein provided, the Collateral Agent may, at its option, provide such insurance and charge the amount thereof to any one or more of the MakerObligors. The Maker Each Obligor shall furnish the Collateral Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 2 contracts

Samples: Security Agreement (Castle a M & Co), Collateral Agency and Intercreditor Agreement (Castle a M & Co)

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

Appears in 2 contracts

Samples: Security Agreement (Kaman Corp), Security Agreement (Kaman Corp)

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

Appears in 1 contract

Samples: Security Agreement (Clean Harbors Inc)

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

Appears in 1 contract

Samples: Security Agreement (PAV Republic, Inc.)

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

Appears in 1 contract

Samples: Security Agreement (Borders Group Inc)

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

Appears in 1 contract

Samples: Security Agreement (Quaker Fabric Corp /De/)

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

Appears in 1 contract

Samples: Security Agreement (Sos Staffing Services Inc)

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

Appears in 1 contract

Samples: Security Agreement (Franklin Covey Co)

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

Appears in 1 contract

Samples: Security Agreement (National Investment Managers Inc.)

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