Common use of Delivery of Policies, etc Clause in Contracts

Delivery of Policies, etc. The Mortgagor will deliver to the Mortgagee, promptly upon request, (a) certificates of all policies evidencing all insurance required to be maintained under Section 2.1.1 (or, in the case of blanket policies, certificates thereof by the insurers together with a counterpart of each blanket policy), and (b) evidence as to the payment of all premiums due thereon (with respect to public liability insurance policies, all installments for the current year due thereon to such date), provided that the Mortgagee shall not be deemed by reason of its custody of such certificates to have knowledge of the contents thereof or of the applicable policies. The Mortgagor will also deliver to the Mortgagee prior to the expiration of any policy a binder or certificate of the insurer evidencing the replacement thereof and when the new policy is issued a certificate of such new policy (or, in the case of a replacement blanket policy, a certificate thereof of the insurer together with a counterpart of the blanket policy). In the event the Mortgagor shall fail to effect or maintain any insurance required to be effected or maintained pursuant to the provisions of this Section 2.1, the Mortgagor will indemnify the Mortgagee against damage, loss or liability resulting from all risks for which such insurance should have been effected or maintained.

Delivery of Policies, etc. The Mortgagor will deliver to the Mortgagee, promptly upon request, (a) certificates of all policies evidencing all insurance required to be maintained under Section 2.1.1 (or, in the case of blanket policies, certificates thereof by the insurers together with a counterpart of each blanket policy), and (b) evidence as to the payment of all premiums due thereon (with respect to public liability insurance policies, all installments for the current year due thereon to such date), provided that the Mortgagee shall not be deemed by reason of its custody of such certificates to have knowledge of the contents thereof or of the applicable policies. The Mortgagor will also deliver to the Mortgagee prior to the expiration of any policy a binder or certificate of the insurer evidencing the replacement thereof and when the new policy is issued a certificate of such new policy (or, in the case of a replacement blanket policy, a certificate thereof of the insurer together with a counterpart of the blanket policy). In the event the Mortgagor shall fail to effect or maintain any insurance required to be effected or maintained pursuant to the provisions of this Section 2.1, the Mortgagor will indemnify the Mortgagee against damage, loss or liability resulting from all risks for which such insurance should have been effected or maintained.

Delivery of Policies, etc. The Mortgagor will deliver to the Mortgagee, promptly upon request, a certificate of a principal of Mortgagor (aa “Compliance Certificate”) certificates of all policies evidencing all insurance required to be maintained under Section 2.1.1 (or, in setting forth the case of blanket policies, certificates thereof by the insurers together with a counterpart of each blanket policy), and (b) evidence particulars as to all such insurance policies and certifying that the payment same comply with the requirements of this Section, that all premiums due thereon (with respect to public liability insurance policies, all installments for the current year due thereon to such date), provided have been paid and that the Mortgagee shall not be deemed by reason of its custody of such certificates to have knowledge of the contents thereof or of the applicable policiessame are in full force and effect. The Mortgagor will also deliver to the Mortgagee prior to the expiration of any policy (a) a binder or certificate of the insurer evidencing the replacement thereof at least five (5) Business Days prior to the expiration of any policy and when (b) a binder evidencing the replacement thereof together with an original copy (or true copy) of the new policy is issued a certificate promptly upon receipt, and in any event not later than sixty (60) calendar days following the expiration of such new policy (or, in the case of a replacement blanket any policy, a certificate thereof of the insurer together with a counterpart of the blanket policy). In the event the Mortgagor shall fail to effect or maintain any insurance required to be effected or maintained pursuant to the provisions of this Section 2.1, the 3.01: (i) Mortgagor will indemnify the Mortgagee against any damage, loss or liability resulting from all risks for which such insurance should have been effected or maintained; and (ii) Mortgagee shall have the right, but not the obligation, to obtain any such insurance and any amount expended by Mortgagee in connection therewith shall be deemed indebtedness secured by this Mortgage and shall be repaid by Mortgagor, on demand, together with interest thereon from the date of expenditure at the Default Rate.

Delivery of Policies, etc. The Mortgagor Grantor will deliver to the MortgageeGrantee, promptly upon request, (a) certificates of all policies evidencing all insurance required to be maintained under Section 2.1.1 (or, in the case of blanket policies, certificates thereof by the insurers together with a counterpart of each blanket policy), and (b) evidence as to the payment of all premiums due thereon (with respect to public liability insurance policies, all installments for the current year due thereon to such date), provided that the Mortgagee Grantee shall not be deemed by reason of its custody of such certificates to have knowledge of the contents thereof or of the applicable policies. The Mortgagor Grantor will also deliver to the Mortgagee Grantee prior to the expiration of any policy a binder or certificate of the insurer evidencing the replacement thereof and when the new policy is issued a certificate of such new policy (or, in the case of a replacement blanket policy, a certificate thereof of the insurer together with a counterpart of the blanket policy). In the event the Mortgagor Grantor shall fail to effect or maintain any insurance required to be effected or maintained pursuant to the provisions of this Section 2.1, the Mortgagor Grantor will indemnify the Mortgagee Grantee against damage, loss or liability resulting from all risks for which such insurance should have been effected or maintained.

Delivery of Policies, etc. The Mortgagor will deliver to the Mortgagee, promptly upon request, (a) certificates of all policies evidencing all insurance required to be maintained under Section 2.1.1 (or, in the case of blanket policies, certificates thereof by the insurers together with a counterpart of each blanket policy), and (b) evidence as to the payment of all premiums due thereon (with respect to public liability insurance policies, all installments for the current year due thereon to such date), provided that the Mortgagee shall not be deemed by reason of its custody of such certificates to have knowledge of the contents thereof or of the applicable policies. The Mortgagor will also deliver to the Mortgagee prior to the expiration of any policy a binder or certificate of the insurer evidencing the replacement thereof and when the new policy is issued a certificate of such new policy (or, in the case of a replacement blanket policy, a certificate thereof of the insurer together with a counterpart of the blanket policy). In the event the Mortgagor shall fail to effect or maintain any insurance required to be effected or maintained pursuant to the provisions of this Section 2.1, the Mortgagor will indemnify the I-1-B-14 75 Mortgagee against damage, loss or liability resulting from all risks for which such insurance should have been effected or maintained.