Common use of Delivery of Insurance Policies Clause in Contracts

Delivery of Insurance Policies. The Canadian Borrower shall use commercially reasonable efforts to deliver to the Administrative Agent not later than 30 days before the then-scheduled launch of any Covered Satellite and, with respect to In-Orbit Insurance procured, not later than 15 days before the expiration of the relevant Launch Insurance, a preliminary draft of the Launch Insurance policy and the In-Orbit Insurance policy, as the case may be, with respect thereto, and not later than ten (10 business days after the date on which such insurance is required to be procured as provided in clause (ii) or clause (iii) above, as the case may be, shall deliver to the Administrative Agent the final agreed form of such policy together with certificates of insurance with respect thereto, confirming (A) that such insurance is in full force and effect as of such date, (B) the names and percentages of the relevant insurance companies, (C) the amount and expiration dates of such policy, (D) that all premiums and other amounts currently due for such insurance have been paid in full, and (E) that the Administrative Agent (and, in the case of Third Party Launch Liability Insurance policies, the Lenders) is named as additional insured and the Administrative Agent is named as loss payee thereunder as its interests may appear, to the extent required hereby.

Delivery of Insurance Policies. The Canadian Borrower shall use commercially reasonable efforts to deliver to the Administrative Agent not later than 30 days before the then-scheduled launch of any Covered Satellite and, with respect to In-Orbit Insurance procured, not later than 15 days before the expiration of the relevant Launch Insurance, a preliminary draft of the Launch Insurance policy and the In-Orbit Insurance policy, as the case may be, with respect thereto, and not later than ten (10 10) business days after the date on which such insurance is required to be procured as provided in clause (ii) or clause (iii) above, as the case may be, shall deliver to the Administrative Agent the final agreed form of such policy together with certificates of insurance with respect thereto, confirming (A) that such insurance is in full force and effect as of such date, (B) the names and percentages of the relevant insurance companies, (C) the amount and expiration dates of such policy, (D) that all premiums and other amounts currently due for such insurance have been paid in full, and (E) that the Administrative Collateral Agent (and, in the case of Third Party Launch Liability Insurance policies, the Administrative Agent and the Lenders) is named as additional insured and the Administrative Collateral Agent is named as loss payee thereunder as its interests may appear, to the extent required hereby.

Delivery of Insurance Policies. The Canadian Borrower shall use commercially reasonable efforts to deliver to the Administrative Agent Agent, or the Collateral Trustee, as the case may be, not later than 30 days before the then-scheduled launch of any Covered Satellite and, with respect to In-Orbit Insurance procured, not later than 15 days before the expiration of the relevant Launch Insurance, a preliminary draft copy of the Launch Insurance policy and the In-Orbit Insurance policy, as the case may be, with respect thereto, and not later than ten (10 business days after the date on which such insurance is required to be procured as provided in clause (ii) or clause (iii) above, as the case may be, shall deliver to the Administrative Agent the final agreed form copy of such policy together with certificates of insurance with respect thereto, confirming (A) that such insurance is in full force and effect as of such date, (B) the names and percentages of the relevant insurance companies, (C) the amount and expiration dates of such policy, (D) that all premiums and other amounts currently due for such insurance have been paid in full, and (E) that, in the relevant broker’s opinion, such policy is in compliance with this Section 9.3, and (F) that the Administrative Agent Collateral Trustee (and, in the case of Third Party Launch Liability Insurance policies, the Lenders) is named as additional insured and the Administrative Agent Collateral Trustee is named as loss payee thereunder as its interests may appear, to the extent required hereby.