Common use of Evidence of Insurance; Payment of Premiums Clause in Contracts

Evidence of Insurance; Payment of Premiums. Borrower shall deliver to Administrative Agent, at least 5 days before the expiration of an existing policy, evidence acceptable to Administrative Agent of the continuation of the coverage of the expiring policy. If Administrative Agent has not received satisfactory evidence of such continuation of coverage in the time frame herein specified, Administrative Agent shall have the right, but not the obligation, to purchase such insurance for Administrative Agent’s and the Lenders’ interest only. Any amounts so disbursed by Administrative Agent pursuant to this Section shall be repaid by Borrower within 10 days after written demand therefor. Nothing contained in this Section shall require Administrative Agent to incur any expense or take any action hereunder, and inaction by Administrative Agent shall never be considered a waiver of any right accruing to Administrative Agent on account on this Section. The payment by Administrative Agent of any insurance premium for insurance which Borrower is obligated to provide hereunder but which Administrative Agent believes has not been paid, shall be conclusive between the parties as to the legality and amounts so paid. Borrower agrees to pay all premiums on such insurance as they become due, and will not permit any condition to exist on or with respect to the Mortgaged Property which would wholly or partially invalidate any insurance thereon.

Evidence of Insurance; Payment of Premiums. The Borrower shall deliver to the Administrative Agent, at least 5 days before prior to the expiration of an existing policy, evidence reasonably acceptable to the Administrative Agent of the continuation of the coverage of the expiring policy. If the Administrative Agent has not received satisfactory evidence of such continuation of coverage in the time frame herein specified, the Administrative Agent shall have the right, but not the obligation, after 10 days’ notice to the Borrower to (and at the written direction of the Required Lenders shall) purchase such insurance for the Administrative Agent’s and the Lenders’ interest interests only. Any amounts so disbursed by the Administrative Agent pursuant to this Section shall be repaid by the Borrower within 10 30 days after written demand therefor. Nothing contained in this Section shall require the Administrative Agent to incur any expense or take any action hereunder, and inaction by the Administrative Agent shall never be considered a waiver of any right accruing to the Administrative Agent on account on this Section. The payment by the Administrative Agent of any insurance premium for insurance which the Borrower is obligated to provide hereunder but which the Administrative Agent believes has not been paid, shall be conclusive between the parties as to the legality and amounts so paid. The Borrower agrees to pay pay, or cause the applicable Loan Party to pay, all premiums on such insurance as they become due, and will not permit any condition to exist on or with respect to the Mortgaged any Collateral Pool Property which would wholly or partially invalidate any insurance thereon.

Evidence of Insurance; Payment of Premiums. Borrower shall deliver to Administrative AgentLender, at least 5 five (5) days before the expiration of an existing policy, evidence reasonably acceptable to Administrative Agent Lender of the continuation of the coverage of the expiring policy. If Administrative Agent Lender has not received satisfactory evidence of such continuation of coverage in the time frame herein specified, Administrative Agent Lender shall have the right, but not the obligation, to purchase such insurance for Administrative AgentLender’s and the Lenders’ interest only. Any amounts so disbursed by Administrative Agent Lender pursuant to this Section shall be repaid by Borrower within 10 ten (10) days after written demand therefor. Nothing contained in this Section shall require Administrative Agent Lender to incur any expense or take any action hereunder, and inaction by Administrative Agent Lender shall never be considered a waiver of any right accruing to Administrative Agent Lender on account on this Section. The payment by Administrative Agent Lender of any insurance premium for insurance which Borrower is obligated to provide hereunder but which Administrative Agent Lender believes has not been paid, shall be conclusive between the parties as to the legality and amounts so paid. Borrower agrees to pay all premiums on such insurance as they become due, and will not permit any condition to exist on or with respect to the Mortgaged Property which would wholly or partially invalidate any insurance thereon.

Evidence of Insurance; Payment of Premiums. Borrower shall deliver to Administrative AgentLender, at least 5 days before the expiration of an existing policy, evidence acceptable to Administrative Agent Lender of the continuation of the coverage of the expiring policy. If Administrative Agent Lender has not received satisfactory evidence of such continuation of coverage in the a reasonable time frame herein specified, Administrative Agent Lender shall have the right, but not the obligation, to purchase such insurance for Administrative AgentLender’s and the Lenders’ interest only. Any amounts so disbursed by Administrative Agent Lender pursuant to this Section shall be repaid by Borrower within 10 days after written demand therefor. Nothing contained in this Section shall require Administrative Agent Lender to incur any expense or take any action hereunder, and inaction by Administrative Agent Lender shall never be considered a waiver of any right accruing to Administrative Agent Lender on account on this Section. The payment by Administrative Agent Lender of any insurance premium for insurance which Borrower is obligated to provide hereunder but which Administrative Agent Lender believes has not been paid, shall be conclusive between the parties as to the legality and amounts so paid. Borrower agrees to pay all premiums on such insurance as they become due, and will not permit any condition to exist on or with respect to the Mortgaged Property which would wholly or partially invalidate any insurance thereon.

Evidence of Insurance; Payment of Premiums. Borrower shall deliver to Administrative AgentLender, at least 5 five (5) days before the expiration of an existing policy, evidence acceptable to Administrative Agent Lender of the continuation of the coverage of the expiring policy. If Administrative Agent Lender has not received satisfactory evidence of such continuation of coverage in the time frame herein specified, Administrative Agent Lender shall have the right, but not the obligation, to purchase such insurance for Administrative AgentLender’s and the Lenders’ interest only. Any amounts so disbursed by Administrative Agent Lender pursuant to this Section shall be repaid by Borrower within 10 days after written demand therefor. Nothing contained in this Section shall require Administrative Agent Lender to incur any expense or take any action hereunder, and inaction by Administrative Agent Lender shall never be considered a waiver of any right accruing to Administrative Agent Lender on account on this Section. The payment by Administrative Agent Lender of any insurance premium for insurance which Borrower is obligated to provide hereunder but which Administrative Agent Lender believes has not been paid, shall be conclusive between the parties as to the legality and amounts so paid. Borrower agrees to pay all premiums on such insurance as they become due, and will not permit any condition to exist on or with respect to the Mortgaged Property which would wholly or partially invalidate any insurance thereon.

Evidence of Insurance; Payment of Premiums. Borrower shall deliver to Administrative Agent, at least 5 five (5) days before the expiration of an existing policy, evidence reasonably acceptable to Administrative Agent of the continuation of the coverage of the expiring policy. If Administrative Agent has not received reasonably satisfactory evidence of such continuation of coverage in the time frame herein specified, Administrative Agent shall have the right, but not the obligation, to purchase purchase, upon five (5) business days’ prior written notice to Borrower, such insurance for Administrative Agent’s and the Lenders’ interest interests only. Any amounts so disbursed by Administrative Agent pursuant to this Section shall be repaid by Borrower within 10 days after written demand therefor. Nothing contained in this Section shall require Administrative Agent to incur any expense or take any action hereunder, and inaction by Administrative Agent shall never be considered a waiver of any right accruing to Administrative Agent on account on this Section. The payment by Administrative Agent of any insurance premium for insurance which Borrower is obligated to provide hereunder but which Administrative Agent believes has not been paid, shall be conclusive between the parties as to the legality and amounts so paid. Borrower agrees to pay all premiums on such insurance as they become due, and will not permit any condition to exist on or with respect to the Mortgaged Property which would wholly or partially invalidate any insurance thereon.

Evidence of Insurance; Payment of Premiums. Borrower shall deliver to Administrative Agent, at least 5 days before Following the expiration of an existing policy, Borrower shall deliver to Administrative Agent evidence acceptable to Administrative Agent of the continuation of the coverage of such expired policy as soon as such evidence of coverage is available to Borrower and in any event within fifteen (15) days after the expiring expiration of such policy. If Administrative Agent has not received satisfactory evidence of such continuation of coverage in the time frame herein specified, Administrative Agent shall have the right, but not the obligation, to purchase such insurance for Administrative Agent’s and the Lenders’ interest interests only. Any amounts so disbursed by Administrative Agent pursuant to this Section shall be repaid by Borrower within 10 ten (10) days after written demand therefor. Nothing contained in this Section shall require Administrative Agent to incur any expense or take any action hereunder, and inaction by Administrative Agent shall never be considered a waiver of any right accruing to Administrative Agent on account on this Section. The payment by Administrative Agent of any insurance premium for insurance which Borrower is obligated to provide hereunder but which Administrative Agent believes has not been paid, shall be conclusive between the parties as to the legality and amounts so paid. Borrower agrees to pay all premiums on such insurance as they become due, and will not permit any condition to exist on or with respect to the Mortgaged Borrowing Base Property which would wholly or partially invalidate any insurance thereon.

Evidence of Insurance; Payment of Premiums. Borrower shall deliver to Administrative Agent, at least 5 days five (5) Business Days before the expiration of an existing policy, evidence acceptable to Administrative Agent of the continuation of the coverage of the expiring policy. If Administrative Agent has not received satisfactory evidence of such continuation of coverage in the time frame herein specified, Administrative Agent shall have the right, but not the obligation, to purchase such insurance for Administrative Agent’s and the Lenders’ interest interests only. Any amounts so disbursed by Administrative Agent pursuant to this Section shall be repaid by Borrower within 10 days after written demand therefor. Nothing contained in this Section shall require Administrative Agent to incur any expense or take any action hereunder, and inaction by Administrative Agent shall never be considered a waiver of any right accruing to Administrative Agent on account on this Section. The payment by Administrative Agent of any insurance premium for insurance which Borrower is obligated to provide hereunder but which Administrative Agent believes has not been paid, shall be conclusive between the parties as to the legality and amounts so paid. Borrower agrees to pay all premiums on such insurance as they become due, and will not permit any condition to exist on or with respect to the Mortgaged Property which would wholly or partially invalidate any insurance thereon.

Evidence of Insurance; Payment of Premiums. The Borrower shall deliver to the Administrative Agent, as soon as practicable with the endeavor to be at least 5 fourteen (14) days before the expiration of an existing policy, evidence acceptable to the Administrative Agent of the continuation of the coverage of the expiring policy. If the Administrative Agent has not received satisfactory evidence of such continuation of coverage in the time frame herein specified, the Administrative Agent shall have the right, but not the obligation, to purchase such insurance for the Administrative Agent’s and the Lenders’ interest only. Any amounts so disbursed by the Administrative Agent pursuant to this Section shall be repaid by the Borrower within 10 ten (10) days after written demand therefor. Nothing contained in this Section shall require Administrative Agent the Agents or the Lenders to incur any expense or take any action hereunder, and inaction by Administrative Agent the Agents or the Lenders shall never be considered a waiver of any right accruing to Administrative Agent the Agents or the Lenders on account on this Section. The payment by the Administrative Agent of any insurance premium for insurance which the Borrower is obligated to provide hereunder but which the Administrative Agent believes has not been paid, shall be conclusive between the parties as to the legality and amounts so paid. The Borrower agrees to pay all premiums on such insurance as they become due, and will not permit any condition to exist on or with respect to the Mortgaged Property which would wholly or partially invalidate any insurance thereon.

Evidence of Insurance; Payment of Premiums. Borrower shall deliver to Administrative Agent, at least 5 five (5) days before the expiration of an existing policy, evidence reasonably acceptable to Administrative Agent of the continuation of the coverage of the expiring policy. If Administrative Agent has not received reasonably satisfactory evidence of such continuation of coverage in the time frame herein specified, Administrative Agent shall have the right, but not the obligation, to purchase purchase, upon five (5) business days' prior written notice to Borrower, such insurance for Administrative Agent’s 's and the Lenders’ interest ' interests only. Any amounts so disbursed by Administrative Agent pursuant to this Section shall be repaid by Borrower within 10 days after written demand therefor. Nothing contained in this Section shall require Administrative Agent to incur any expense or take any action hereunder, and inaction by Administrative Agent shall never be considered a waiver of any right accruing to Administrative Agent on account on this Section. The payment by Administrative Agent of any insurance premium for insurance which Borrower is obligated to provide hereunder but which Administrative Agent believes has not been paid, shall be conclusive between the parties as to the legality and amounts so paid. Borrower agrees to pay all premiums on such insurance as they become due, and will not permit any condition to exist on or with respect to the Mortgaged Property which would wholly or partially invalidate any insurance thereon.

Evidence of Insurance; Payment of Premiums. Borrower shall deliver to Administrative Agent, at least 5 days before Following the expiration of an existing policy, Xxxxxxxx shall deliver to Administrative Agent evidence acceptable to Administrative Agent of the continuation of the coverage of such expired policy as soon as such evidence of coverage is available to Borrower and in any event within fifteen (15) days after the expiring expiration of such policy. If Administrative Agent has not received satisfactory evidence of such continuation of coverage in the time frame herein specified, Administrative Agent shall have the right, but not the obligation, to purchase such insurance for Administrative Agent’s and the Lenders’ interest interests only. Any amounts so disbursed by Administrative Agent pursuant to this Section shall be repaid by Borrower within 10 ten (10) days after written demand therefor. Nothing contained in this Section shall require Administrative Agent to incur any expense or take any action hereunder, and inaction by Administrative Agent shall never be considered a waiver of any right accruing to Administrative Agent on account on this Section. The payment by Administrative Agent of any insurance premium for insurance which Borrower is obligated to provide hereunder but which Administrative Agent believes has not been paid, shall be conclusive between the parties as to the legality and amounts so paid. Borrower Xxxxxxxx agrees to pay all premiums on such insurance as they become due, and will not permit any condition to exist on or with respect to the Mortgaged Borrowing Base Property which would wholly or partially invalidate any insurance thereon.

Evidence of Insurance; Payment of Premiums. Borrower The Borrowers shall deliver to the Administrative Agent, as soon as practicable with the endeavor to be at least 5 five (5) days before the expiration of an existing policy, evidence acceptable to the Administrative Agent of the continuation of the coverage of the expiring policy. If the Administrative Agent has not received satisfactory evidence of such continuation of coverage in the time frame herein specified, the Administrative Agent shall notify the Borrowers of such situation and provide the Borrowers with 30 days to cure such situation. If the situation has not be cured within that 30 day period, the Administrative Agent shall have the right, but not the obligation, to purchase such insurance for the Administrative Agent’s and the Lenders’ interest only. Any amounts so disbursed by the Administrative Agent pursuant to this Section shall be repaid by Borrower the Borrowers within 10 days after written demand therefor. Nothing contained in this Section shall require Administrative Agent the Agents or the Lenders to incur any expense or take any action hereunder, and inaction by Administrative Agent the Agents or the Lenders shall never be considered a waiver of any right accruing to Administrative Agent the Agents or the Lenders on account on this Section. The payment by the Administrative Agent of any insurance premium for insurance which Borrower is the Borrowers are obligated to provide hereunder but which the Administrative Agent believes has not been paid, shall be conclusive between the parties as to the legality and amounts so paid. Borrower agrees The Borrowers agree to pay all premiums on such insurance as they become due, and will not permit any condition to exist on or with respect to the Mortgaged Property which would wholly or partially invalidate any insurance thereon.