Common use of DUTY TO MAINTAIN HAZARD INSURANCE Clause in Contracts

DUTY TO MAINTAIN HAZARD INSURANCE. Within 12 months from the date of this Loan Authorization and Agreement the Borrower will provide proof of an active and in effect hazard insurance policy including fire, lightning, and extended coverage on all items used to secure this loan to at least 80% of the insurable value. Borrower will not cancel such coverage and will maintain such coverage throughout the entire term of this Loan. BORROWER MAY NOT BE ELIGIBLE FOR EITHER ANY FUTURE DISASTER ASSISTANCE OR SBA FINANCIAL ASSISTANCE IF THIS INSURANCE IS NOT MAINTAINED AS STIPULATED HEREIN THROUGHOUT THE ENTIRE TERM OF THIS LOAN. Please submit proof of insurance to: U.S. Small Business Administration, Office of Disaster Assistance, 00000 Xxxxxxxxx Xx, Xxxx Xxxxx, XX. 76155.

Appears in 9 contracts

Samples: Loan Authorization and Agreement (Grove, Inc.), Loan Authorization and Agreement (Tropical Racing Inc), Loan Authorization and Agreement (iPower Inc.)

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DUTY TO MAINTAIN HAZARD INSURANCE. Within 12 months from the date of this Loan Authorization and Agreement the Borrower will provide proof of an active and in effect hazard insurance policy including fire, lightning, and extended coverage on all items used to secure this loan to at least 80% of the insurable value. Borrower will not cancel such coverage and will maintain such coverage throughout the entire term of this Loan. BORROWER MAY NOT BE ELIGIBLE FOR EITHER ANY FUTURE DISASTER ASSISTANCE OR SBA FINANCIAL ASSISTANCE IF THIS INSURANCE IS NOT MAINTAINED AS STIPULATED HEREIN THROUGHOUT THE ENTIRE TERM OF THIS LOAN. Please submit proof of insurance to: U.S. Small Business Administration, Office of Disaster Assistance, 00000 Xxxxxxxxx Xx, Xxxx Xxxxx, XX. 7615500000.

Appears in 5 contracts

Samples: Loan Authorization and Agreement (Fresh Vine Wine, Inc.), Loan Authorization and Agreement (Flewber Global Inc.), Loan Authorization and Agreement (Maison Solutions Inc.)

DUTY TO MAINTAIN HAZARD INSURANCE. Within 12 months from the date of this Loan Authorization and Agreement the Borrower will provide proof of an active and in effect hazard insurance policy including fire, lightning, and extended coverage on all items used to secure this loan to at least 80% of the insurable value. Borrower will not cancel such coverage and will maintain such coverage throughout the entire term of this Loan. BORROWER MAY NOT BE ELIGIBLE FOR EITHER ANY FUTURE DISASTER ASSISTANCE OR SBA FINANCIAL ASSISTANCE IF THIS INSURANCE IS NOT MAINTAINED AS STIPULATED HEREIN THROUGHOUT THE ENTIRE TERM OF THIS LOAN. Please submit proof of insurance to: U.S. Small Business Administration, Office of Disaster Assistance, 00000 Xxxxxxxxx Xx, Xxxx Xxxxx, XX. 7615500000.

Appears in 4 contracts

Samples: Loan Authorization and Agreement (Monterey Capital Acquisition Corp), Loan Authorization and Agreement (Phoenix Motor Inc.), Security Agreement (Fuse Medical, Inc.)

DUTY TO MAINTAIN HAZARD INSURANCE. Within 12 months from the date of this Loan Authorization and Agreement the Borrower will provide proof of an active and in effect hazard insurance policy including fire, lightning, and extended coverage on all items used to secure this loan to at least 80% of the insurable value. Borrower will not cancel such coverage and will maintain such coverage throughout the entire term of this Loan. BORROWER MAY NOT BE ELIGIBLE FOR EITHER ANY FUTURE DISASTER ASSISTANCE OR SBA FINANCIAL ASSISTANCE IF THIS INSURANCE IS NOT MAINTAINED AS STIPULATED HEREIN THROUGHOUT THE ENTIRE TERM OF THIS LOAN. Please submit proof of insurance to: U.S. Small Business Administration, Office of Disaster Assistance, 00000 Xxxxxxxxx Xx, Xxxx Xxxxx, XX. 76155.

Appears in 3 contracts

Samples: Loan Authorization and Agreement (DecisionPoint Systems, Inc.), Loan Authorization and Agreement (ABCO Energy, Inc.), Loan Authorization and Agreement (Gratitude Health, Inc.)

DUTY TO MAINTAIN HAZARD INSURANCE. In Process · Within 12 months from the date of this Loan Authorization and Agreement the Borrower will provide proof of an active and in effect hazard insurance policy including fire, lightning, and extended coverage on all items used to secure this loan to at least 80% of the insurable value. Borrower will not cancel such coverage and will maintain such coverage throughout the entire term of this Loan. BORROWER MAY NOT BE ELIGIBLE FOR EITHER ANY FUTURE DISASTER ASSISTANCE OR SBA FINANCIAL ASSISTANCE IF THIS INSURANCE IS NOT MAINTAINED AS STIPULATED HEREIN THROUGHOUT THE ENTIRE TERM OF THIS LOAN. Please submit proof of insurance to: U.S. Small Business Administration, Office of Disaster Assistance, 00000 Xxxxxxxxx Xx, Xxxx Xxxxx, XX. 7615500000.

Appears in 2 contracts

Samples: Loan Authorization and Agreement, taxresolutionacademy.com

DUTY TO MAINTAIN HAZARD INSURANCE. Within 12 months from the date of this Loan Authorization and Agreement the Borrower will provide proof of an active and in effect hazard insurance policy including fire, lightning, and extended coverage on all items used to secure this loan to at least 80% of the insurable value. Borrower will not cancel such coverage and will maintain such coverage throughout the entire term of this Loan. BORROWER MAY NOT BE ELIGIBLE FOR EITHER ANY FUTURE DISASTER ASSISTANCE OR SBA FINANCIAL ASSISTANCE IF THIS INSURANCE IS NOT MAINTAINED AS STIPULATED HEREIN THROUGHOUT THE ENTIRE TERM OF THIS LOAN. Please submit proof of insurance to: U.S. Small Business Administration, Office of Disaster Assistance, 00000 10000 Xxxxxxxxx Xx, Xxxx Xxxxx, XX. 7615500000.

Appears in 2 contracts

Samples: Loan Authorization and Agreement (American Picture House Corp), Loan Authorization and Agreement (Blue Dolphin Energy Co)

DUTY TO MAINTAIN HAZARD INSURANCE. Within 12 months from the date of this Loan Authorization and Agreement the Borrower will provide proof of an active and in effect hazard insurance policy including fire, lightning, and extended coverage on all items used to secure this loan to at least 80% of the insurable value. Borrower will not cancel such coverage and will maintain such coverage throughout the entire term of this Loan. BORROWER MAY NOT BE ELIGIBLE FOR EITHER ANY FUTURE DISASTER ASSISTANCE OR SBA FINANCIAL ASSISTANCE IF THIS INSURANCE IS NOT MAINTAINED AS STIPULATED HEREIN THROUGHOUT THE ENTIRE TERM OF THIS LOAN. Please submit proof of insurance to: U.S. Small Business Administration, Office of Disaster Assistance, 00000 14000 Xxxxxxxxx Xx, Xxxx Xxxxx, XX. 76155.

Appears in 1 contract

Samples: Loan Authorization and Agreement (Blue Dolphin Energy Co)

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DUTY TO MAINTAIN HAZARD INSURANCE. Within For loan amounts greater than $25,000, within 12 months from the date of this Loan Authorization and Agreement the Borrower will provide proof of an active and in effect hazard insurance policy including fire, lightning, and extended coverage on all items used to secure this loan to at least 80% of the insurable value. Borrower will not cancel such coverage and will maintain such coverage throughout the entire term of this Loan. BORROWER MAY NOT BE ELIGIBLE FOR EITHER ANY FUTURE DISASTER ASSISTANCE OR SBA FINANCIAL ASSISTANCE IF THIS INSURANCE IS NOT MAINTAINED AS STIPULATED HEREIN THROUGHOUT THE ENTIRE TERM OF THIS LOAN. Please submit proof of insurance to: U.S. Small Business Administration, Office of Disaster Assistance, 00000 Xxxxxxxxx Xx, Xxxx Xxxxx, XX. 76155.

Appears in 1 contract

Samples: Loan Authorization and Agreement (Tropical Racing Inc)

DUTY TO MAINTAIN HAZARD INSURANCE. In Process · Within 12 months from the date of this Loan Authorization and Agreement the Borrower will provide proof of an active and in effect hazard insurance policy including fire, lightning, and extended coverage on all items used to secure this loan to at least 80% of the insurable value. Borrower will not cancel such coverage and will maintain such coverage throughout the entire term of this Loan. BORROWER MAY NOT BE ELIGIBLE FOR EITHER ANY FUTURE DISASTER ASSISTANCE OR SBA FINANCIAL ASSISTANCE IF THIS INSURANCE IS NOT MAINTAINED AS STIPULATED HEREIN THROUGHOUT THE ENTIRE TERM OF THIS LOAN. Please submit proof of insurance to: U.S. Small Business Administration, Office of Disaster Assistance, 00000 Xxxxxxxxx Xx, Xxxx Xxxxx, XX. 76155.

Appears in 1 contract

Samples: Loan Authorization and Agreement

DUTY TO MAINTAIN HAZARD INSURANCE. Within 12 months from the date of this Loan Authorization and Agreement the Borrower will provide proof of an active and in effect hazard insurance policy including fire, lightning, and extended coverage on all items used to secure this loan to at least 80% of the insurable value. Borrower will not cancel such coverage and will maintain such coverage throughout the entire term of this Loan. BORROWER MAY NOT BE ELIGIBLE FOR EITHER ANY FUTURE DISASTER ASSISTANCE OR SBA FINANCIAL ASSISTANCE IF THIS INSURANCE IS NOT MAINTAINED AS STIPULATED HEREIN THROUGHOUT THE ENTIRE TERM OF THIS LOAN. Please submit proof of insurance to: U.S. Small Business Administration, Office of Disaster Assistance, 00000 Xxxxxxxxx Xx, Xxxx XxxxxXxxxx , XX. 7615500000.

Appears in 1 contract

Samples: Loan Authorization and Agreement (Adomani, Inc.)

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