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 Lender. In the event of failure by the Borrower to provide and maintain insurance as herein provided, the Lender may, at its option, provide such insurance and charge the amount thereof to the Borrower. The Borrower shall furnish the Lender 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 (Kos Pharmaceuticals Inc)

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

Appears in 2 contracts

Samples: Security Agreement (Pc Ephone Inc), Security Agreement (Pc Ephone Inc)

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

Appears in 1 contract

Samples: Security Agreement (AHPC Holdings, Inc.)

Continuation of Insurance. All policies of insurance shall provide for at least thirty (30) 90 days prior written cancellation notice to the Lender. In the event of failure by the Borrower Company to provide and maintain insurance as herein provided, the Lender may, at its option, provide such insurance and charge the amount thereof to the BorrowerCompany. The Borrower Company shall furnish the Lender with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 1 contract

Samples: Security Agreement (Faraday Financial Inc)

Continuation of Insurance. All Within thirty (30) days after the Closing, all policies of insurance shall provide for at least thirty twenty (3020) days prior written cancellation notice to the Lender. In the event of failure by the Borrower Company to provide and maintain insurance as herein provided, the Lender may, at its option, provide such insurance and charge the amount thereof to the BorrowerCompany. The Borrower Company shall furnish the Lender with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 1 contract

Samples: Security Agreement (Somanta Pharmaceuticals Inc.)

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

Appears in 1 contract

Samples: Security Agreement (Edac Technologies Corp)

Continuation of Insurance. All policies of insurance shall provide for at least thirty (30) days prior written cancellation notice to the Lender. In the event of failure by the Borrower Guarantor to provide and maintain insurance as herein provided, the Lender may, at its option, provide such insurance and charge the amount thereof to the BorrowerGuarantor. The Borrower Guarantor shall furnish the Lender with certificates of insurance and policies evidencing compliance with the foregoing insurance provision. 11. Collateral Protection Expenses: Preservation of Collateral.

Appears in 1 contract

Samples: Security Agreement

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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 Lender. In the event of failure by the Borrower to provide and maintain insurance as herein providedprovided in this Agreement, the Lender may, at its option, provide such insurance and charge the amount thereof to the Borrower. The Borrower shall furnish the Lender with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 1 contract

Samples: Loan and Security Agreement (IEG Holdings Corp)

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

Appears in 1 contract

Samples: Security Agreement

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

Appears in 1 contract

Samples: Revolving Loan Agreement (Aspect Medical Systems Inc)

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