Common use of Failure of Insurance Clause in Contracts

Failure of Insurance. Failure of one or more of the insurance policies required hereunder to remain in full force and effect; failure on the part of Borrower to pay or cause to be paid all premiums when due on the insurance policies pursuant to this Agreement; failure on the part of Borrower to take such other action as may be requested by Lender in order to keep said policies of insurance in full force and effect until all Obligations have been indefeasibly paid in full; and failure on the part of Borrower to execute any and all documentation required by the insurance companies issuing said policies to effectuate said assignments.

Appears in 9 contracts

Samples: Loan and Security Agreement (Youngevity International, Inc.), Loan and Security Agreement, Loan and Security Agreement (BTHC X Inc)

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Failure of Insurance. Failure of one or more of the insurance policies required hereunder to remain in full force and effect; failure on the part of Borrower to pay or cause to be paid all premiums when due on the insurance policies pursuant to this Agreement; failure on the part of Borrower to take such other action as may be requested by Lender in order to keep said policies of insurance in full force and effect until all Obligations have the entire indebtedness represented by the Loan Documents, and interest thereon, has been indefeasibly paid in full; and failure on the part of Borrower to execute any and all documentation required by the insurance companies issuing said policies to effectuate said assignments.

Appears in 7 contracts

Samples: Loan and Security Agreement (InterMetro Communications, Inc.), Loan and Security Agreement (Emagin Corp), Loan and Security Agreement (Emagin Corp)

Failure of Insurance. Failure of one or more of the insurance policies required hereunder to remain in full force and effect; failure on the part of -------------------- the Borrower to pay or cause to be paid all premiums when due on the insurance policies pursuant to this Agreement; failure on the part of Borrower to take such other action as may be requested by the Lender in order to keep said policies of insurance in full force and effect until all Obligations have the entire indebtedness represented by the Loan Documents, and interest thereon, has been indefeasibly paid in full; and failure on the part of the Borrower to execute any and all documentation required by the insurance companies issuing said policies to effectuate said assignments.

Appears in 1 contract

Samples: Credit and Security Agreement (Cadapult Graphic Systems Inc)

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Failure of Insurance. Failure of one or more of the insurance policies required hereunder to remain in full force and effect; failure on the part of Borrower to pay or cause to be paid all premiums when due on the insurance policies pursuant to this Agreement; failure on the part of Borrower to take such other action as may be requested by Lender Xxxxxx in order to keep said policies of insurance in full force and effect until all Obligations have been indefeasibly paid in full; and failure on the part of Borrower to execute any and all documentation required by the insurance companies issuing said policies to effectuate said assignments.

Appears in 1 contract

Samples: Loan and Security Agreement (1847 Holdings LLC)

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