Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrower, and charge Borrowers’ Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 39 contracts
Samples: Credit and Security Agreement (ARKO Corp.), Credit and Security Agreement (ARKO Corp.), Credit and Security Agreement (ARKO Corp.)
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrower, and charge Borrowers’ ' Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 18 contracts
Samples: Security Agreement (Union Drilling Inc), Security Agreement (Richton International Corp), Security Agreement (Rheometric Scientific Inc)
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrower, and charge Borrowers’ Borrower's Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 8 contracts
Samples: Revolving Credit And (Swank Inc), Security Agreement (Ashlin Development Corp), Subordination Agreement (Obsidian Enterprises Inc)
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrower, and charge Borrowers’ Borrower’s Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 8 contracts
Samples: Security Agreement (Hudson Technologies Inc /Ny), Security Agreement (Union Drilling Inc), Security Agreement (Research Pharmaceutical Services, Inc.)
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such for Borrower's Account, and charge Borrowers’ Borrower's Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 5 contracts
Samples: Security Agreement (Fonda Group Inc), Security Agreement (Centurion Wireless Technologies Inc), Security Agreement (Danskin Inc)
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such for Borrower's account, and charge Borrowers’ Account Borrower's account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 4 contracts
Samples: And Security Agreement (Delta Mills Inc), Security Agreement (Allstate Financial Corp /Va/), Security Agreement (Signal Apparel Company Inc)
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrower, and charge Borrowers’ ' Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 4 contracts
Samples: Credit and Security Agreement (Frontstep Inc), Revolving Credit and Security Agreement (Hirsch International Corp), Security Agreement (Semx Corp)
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrower, and charge Borrowers’ Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 3 contracts
Samples: Security Agreement (ARKO Corp.), Security Agreement (GPM Petroleum LP), Security Agreement (GPM Petroleum LP)
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrower, and charge Borrowers’ Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations. Agent shall promptly provide Borrowing Agent copies of invoices for any such expense.
Appears in 3 contracts
Samples: , and Security Agreement (Rocky Brands, Inc.), Guaranty, and Security Agreement (Rocky Brands, Inc.), Revolving Credit, Guaranty, and Security Agreement (Rocky Brands, Inc.)
Failure to Pay Insurance. If Borrower or any Borrower of its Subsidiaries fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such BorrowerBorrower or any of its Subsidiaries, and charge Borrowers’ Borrower’s Account therefor as a Revolving Advance of a Domestic Rate Loan (subject to Section 3.1 hereof) and such reasonable expenses so paid shall be part of the Obligations.
Appears in 3 contracts
Samples: Credit and Security Agreement (Pc Connection Inc), Credit and Security Agreement (Pc Connection Inc), Credit and Security Agreement (Pc Connection Inc)
Failure to Pay Insurance. If any Borrower fails shall fail to obtain ------------------------ insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of for such Borrower's account, and charge Borrowers’ Account such Borrower's account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations, provided Agent shall promptly thereafter provide to such Borrower documentation supporting such charges.
Appears in 2 contracts
Samples: Credit and Security Agreement (Styrochem International Inc), Revolving Credit and Security Agreement (Styrochem International LTD)
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrower, and charge Borrowers’ Borrower’s Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 2 contracts
Samples: Security Agreement (Kenexa Corp), Credit and Security Agreement (Input Output Inc)
Failure to Pay Insurance. If any Borrower fails to obtain insurance ------------------------ as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrower, and charge Borrowers’ ' Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 2 contracts
Samples: Security Agreement (Intelligroup Inc), Air Methods Corp
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrower, and charge Borrowers’ Account therefor as a Revolving Advance of maintained as a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 2 contracts
Samples: Security Agreement (Sypris Solutions Inc), Revolving Credit and Security Agreement (Image Entertainment Inc)
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrower, and charge Borrowers’ Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 2 contracts
Samples: Security Agreement (Intelligroup Inc), Revolving Credit (Allied Motion Technologies Inc)
Failure to Pay Insurance. If Borrower or any Borrower of its Subsidiaries fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of Borrower or such BorrowerSubsidiary, and charge Borrowers’ Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall constitute Obligations and shall be part paid pursuant to the terms of the ObligationsSection 15.9.
Appears in 2 contracts
Samples: Credit Agreement (Boot Barn Holdings, Inc.), Credit Agreement (Boot Barn Holdings, Inc.)
Failure to Pay Insurance. If any Borrower fails the Loan Parties fail to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrowerthe Loan Parties, and charge Borrowers’ ' Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 2 contracts
Samples: Castle a M & Co, Security Agreement (General Finance CORP)
Failure to Pay Insurance. If any Borrower fails Borrowers fail to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such BorrowerBorrowers, and charge Borrowers’ Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 2 contracts
Samples: Security Agreement (Dreams Inc), Security Agreement (Intcomex, Inc.)
Failure to Pay Insurance. If any Borrower Obligor fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrower, and charge Borrowers’ Obligors' Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 2 contracts
Samples: Loan and Security Agreement (Philipp Brothers Chemicals Inc), Philipp Brothers Chemicals Inc
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrowerfor Borrowers' account, and charge Borrowers’ Account ' account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 2 contracts
Samples: Revolving Credit and Security Agreement (E Com Ventures Inc), Revolving Credit and Security Agreement (E Com Ventures Inc)
Failure to Pay Insurance. If any Borrower Obligor fails to obtain insurance as hereinabove provided, or to keep the same in force, the Agent, if the Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such BorrowerObligor, and charge Borrowers’ the Loan Account therefor as a Revolving Advance of a Domestic an Alternate Base Rate Loan to the Borrowers and such expenses so paid shall be part of the Obligations.
Appears in 2 contracts
Samples: Credit and Security Agreement (Stoneridge Inc), Credit and Security Agreement (Stoneridge Inc)
Failure to Pay Insurance. If any Borrower or any Restricted Subsidiary fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrowerany Restricted Subsidiary, and charge Borrowers’ Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 2 contracts
Samples: Security Agreement (Keane Group, Inc.), Security Agreement (Keane Group, Inc.)
Failure to Pay Insurance. If any Borrower fails to obtain insurance as ------------------------- hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such for Borrower's account, and charge Borrowers’ Account Borrower's account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 2 contracts
Samples: Security Agreement (Delta Mills Inc), Security Agreement (Delta Woodside Industries Inc /Sc/)
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrowerfor Borrowers' Account, and charge Borrowers’ ' Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 2 contracts
Samples: Security Agreement (Batteries Batteries Inc), Health Chem Corp
Failure to Pay Insurance. If any Borrower fails Credit Parties fail to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such BorrowerCredit Parties, and charge Borrowers’ Account therefor as a Revolving an Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Samples: Term Loan and Security Agreement (Direct Digital Holdings, Inc.)
Failure to Pay Insurance. (a) If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrower, and charge Borrowers’ Borrower's Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Failure to Pay Insurance. If any Borrower fails to obtain ------------------------ insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so electselects and upon notice to Borrower, may obtain such insurance and pay the premium therefor on behalf of such for Borrower's account, and charge Borrowers’ Account Borrower's account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Samples: Lender Assignment Agreement (Tarrant Apparel Group)
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrower, and charge Borrowers’ ' Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.. 42
Appears in 1 contract
Failure to Pay Insurance. If any Borrower fails Borrowers fail to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such BorrowerBorrowers, and charge Borrowers’ Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in forceforce and an Event of Default has occurred and is continuing, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrower, and charge Borrowers’ Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrower, and charge Borrowers’ Account therefor as a Revolving Advance portion of the Term Loan as a Domestic Base Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Samples: Intercreditor Agreement (Empeiria Acquisition Corp)
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrower, and charge Borrowers’ ' Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.. 36 4.13
Appears in 1 contract
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrower, and charge Borrowers’ Account therefor as a Revolving Advance of a Domestic Rate Loan or of a Canadian Base Rate Loan, as applicable, and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Samples: Security Agreement (SMTC Corp)
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrower, and charge Borrowers’ Borrower’s Account therefor as a Revolving Advance of a Domestic Base Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Johnson Outdoors Inc)
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrower, and charge Borrowers’ Borrower’s Account therefor as a Revolving an Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations. Agent shall promptly provide Borrower written notice after obtaining any such insurance or making any such payment.
Appears in 1 contract
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrower, and charge Borrowers’ Borrower's Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Samples: Security Agreement (Dreamlife Inc)
Failure to Pay Insurance. (a) If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrower, and charge Borrowers’ Borrower’s Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such for Borrower’s account, and charge Borrowers’ Account Borrower’s account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, then Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrower, and charge Borrowers’ Borrower’s Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrower, and charge Borrowers’ ' Account therefor as a Revolving Advance of a Domestic Base Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Failure to Pay Insurance. If any Borrower fails to obtain insurance ------------------------ as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrower, and charge Borrowers’ ' Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Eltrax Systems Inc)
Failure to Pay Insurance. If any Borrower fails Borrowers fail to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such BorrowerBorrowers, and charge Borrowers’ ' Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Samples: Revolving Credit (Teamstaff Inc)
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of for such Borrower's Account, and charge Borrowers’ such Borrower's Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Samples: Loan and Security Agreement (Lets Talk Cellular & Wireless Inc)
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrower, and charge Borrowers’ Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligationstherefor.
Appears in 1 contract
Samples: Loan Agreement (SMTC Corp)
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrower, and charge Borrowers’ Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Secured Obligations.
Appears in 1 contract
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrower, and charge Borrowers’ ' Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may may, upon notice to Borrowers, obtain such insurance and pay the premium therefor on behalf of such Borrowerfor Borrowers' Account, and charge Borrowers’ ' Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Samples: Revolving Credit (Graham Field Health Products Inc)
Failure to Pay Insurance. If Borrower or any Borrower of its Subsidiaries fails ------------------------ to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such BorrowerBorrower or any of its Subsidiaries, and charge Borrowers’ Borrower's Account therefor as a Revolving Advance of a Domestic Rate Loan (subject to Section 3.1 hereof) and such reasonable expenses so paid shall be part of the Obligations.
Appears in 1 contract
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrower, and charge Borrowers’ Borrower’s Account therefor as a Revolving Advance of a accruing interest at the interest rate for Domestic Rate Loan Advances and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove providedrequired, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrower, and charge Borrowers’ Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, upon notice to Borrowers, may obtain such insurance and pay the premium therefor on behalf of such Borrower, and charge Borrowers’ Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Samples: Security Agreement (Emtec Inc/Nj)
Failure to Pay Insurance. If any Borrower fails Borrowers fail to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrowerfor Borrowers' account, and charge Borrowers’ Account ' account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (General Datacomm Industries Inc)
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrower, and charge Borrowers’ Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations, in accordance with the provisions of Section 2.2(a) hereof.
Appears in 1 contract
Samples: Security Agreement (Maxum Petroleum Holdings, Inc.)
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrower, and charge Borrowers’ Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.. 074658.01845/123458281v.1
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (SMTC Corp)
Failure to Pay Insurance. If any the Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such the Borrower, and charge Borrowers’ Borrower's Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrower, and charge Borrowers’ Account therefor as a Revolving Advance of a Domestic Rate Loan or of a Canadian Revolving Loan, as applicable, and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Failure to Pay Insurance. If any Borrower fails to obtain ------------------------ insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrower, and charge Borrowers’ ' Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Samples: Air Methods Corp
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove providedrequired, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrower, and charge Borrowers’ Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Samples: Term Loan Credit and Security Agreement (EVINE Live Inc.)
Failure to Pay Insurance. If any Borrower fails to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such Borrowertherefor, and charge Borrowers’ Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Samples: Security Agreement (Ante5, Inc.)
Failure to Pay Insurance. If any Borrower fails Borrowers fail to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such BorrowerBorrowers, and charge Borrowers’ Account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations.”
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Phosphate Holdings, Inc.)
Failure to Pay Insurance. If any Borrower fails shall fail to obtain insurance as hereinabove provided, or to keep the same in force, Agent, if Agent so elects, may obtain such insurance and pay the premium therefor on behalf of for such Borrower's account, and charge Borrowers’ Account such Borrower's account therefor as a Revolving Advance of a Domestic Rate Loan and such expenses so paid shall be part of the Obligations, provided Agent shall promptly thereafter provide to such Borrower documentation supporting such charges.
Appears in 1 contract
Failure to Pay Insurance. If any Borrower Domestic Obligor fails to obtain insurance as hereinabove provided, or to keep the same in force, the Agent, if the Agent so elects, may obtain such insurance and pay the premium therefor on behalf of such BorrowerDomestic Obligor, and charge Borrowers’ the Loan Account therefor as a Revolving Advance of a Domestic an Alternate Base Rate Loan to the Borrowers and such expenses so paid shall be part of the Obligations.
Appears in 1 contract
Samples: Credit and Security (Stoneridge Inc)
