Common use of Form and Quality Clause in Contracts

Form and Quality. All insurance policies shall be endorsed in form and substance acceptable to the Administrative Agent to name the Administrative Agent as an additional insured, loss payee or mortgagee thereunder, as its interest may appear, with loss payable to the Administrative Agent, without contribution, under a standard New York (or local equivalent) mortgagee clause. All such insurance policies and endorsements shall be fully paid for and contain such provisions and expiration dates and be in such form and issued by such insurance companies licensed to do business in the State where each Facility is located, with a rating of “A-IX” or better as established by Best’s Rating Guide (or an equivalent rating approved in writing by the Administrative Agent). Each policy shall provide that such policy may not be cancelled or materially changed except upon thirty (30) days’ prior written notice (or ten (10) days’ prior written notice if for non-payment) of intention of non-renewal, cancellation or material change to the Administrative Agent and that no act or thing done by the Borrowers shall invalidate any policy as against the Administrative Agent. The Borrowers shall deliver copies of all original policies certified to the Administrative Agent by the insurance company or authorized agent as being true copies, together with the endorsements required hereunder. The proceeds of insurance policies coming into the possession of the Administrative Agent shall be deemed trust funds, and the Administrative Agent shall be entitled to apply such proceeds as herein provided. The Borrowers shall not maintain any separate or additional property insurance which is contributing in the event of loss unless it is properly endorsed and otherwise satisfactory to the Administrative Agent in all respects.

Form and Quality. All insurance policies shall be endorsed in form and substance reasonably acceptable to the Administrative Agent to name the Administrative Agent as an additional insured, loss payee or mortgagee thereunder, as its interest may appear, with loss payable to the Administrative Agent, without contribution, under a standard New York (or local equivalent) mortgagee clause. All such insurance policies and endorsements shall be fully paid for and contain such provisions and expiration dates and be in such form and issued by such insurance companies licensed to do business in the State where each Facility is located, with a rating of “A-IX” or better as established by Best’s Rating Guide (or an equivalent rating approved in writing by the Administrative Agent). Each policy shall provide that such policy may not be cancelled or materially changed except upon thirty (30) days’ prior written notice (or ten (10) days’ prior written notice if for non-payment) of intention of non-renewal, cancellation or material change to the Administrative Agent and that no act or thing done by the Borrowers shall invalidate any policy as against the Administrative Agent. The Borrowers shall deliver copies of all original policies certified to the Administrative Agent by the insurance company or authorized agent as being true copies, together with the endorsements required hereunder. The proceeds of insurance policies coming into the possession of the Administrative Agent shall be deemed trust funds, and the Administrative Agent shall be entitled to apply such proceeds as herein provided. The Borrowers shall not maintain any separate or additional property insurance which is contributing in the event of loss unless it is properly endorsed and otherwise satisfactory to the Administrative Agent in all respects.

Form and Quality. All insurance policies shall be endorsed in form and substance acceptable to the Administrative Agent to name the Administrative Agent (on behalf of Lenders) as an additional insured, loss payee or mortgagee thereunder, as its interest may appear, with loss payable to the Administrative Agent, without contribution, under a standard New York (or local equivalent) mortgagee clause. All such insurance policies and endorsements shall be fully paid for and contain such provisions and expiration dates and be in such form and issued by such insurance companies licensed to do business in the State where each Facility is locatedState, with a rating of “"A-IX” " or better as established by Best’s 's Rating Guide (or an equivalent rating approved in writing by the Administrative Agent). Each policy shall provide that such policy may not be cancelled or materially changed except upon thirty (30) days’ ' prior written notice (or ten (10) days’ prior written notice if for non-payment) of intention of non-renewal, cancellation or material change to the Administrative Agent and that no act or thing done by the Borrowers Borrower shall invalidate any policy as against Administrative Agent or any Lender. If Borrower fails to maintain insurance in compliance with this Section 3.1, Administrative Agent may - obtain such insurance and pay the premium therefor and Borrower shall, on demand, reimburse Administrative AgentAgent and the Lenders for all expenses incurred in connection therewith. The Borrowers Borrower shall assign the policies or proofs of insurance to Administrative Agent (on behalf of Lenders), in such manner and form that Administrative Agent and its successors and assigns shall at all times have and hold the same as security for the payment of the Loans. Borrower shall deliver copies of all original policies certified to the Administrative Agent by the insurance company or authorized agent as being true copies, together with the endorsements required hereunder. The proceeds of insurance policies coming into the possession of the Administrative Agent shall not be deemed trust funds, and the Administrative Agent shall be entitled to apply such proceeds as herein provided. The Borrowers shall not maintain any separate or additional property insurance which is contributing in the event of loss unless it is properly endorsed and otherwise satisfactory to the Administrative Agent in all respects.

Form and Quality. All insurance policies shall be endorsed in form and substance acceptable to the Administrative Agent to name the Administrative Agent as an additional insured, loss payee or mortgagee thereunder, as its interest may appear, with loss payable to the Administrative Agent, without contribution, under a standard New York (or local equivalent) mortgagee clause. All such insurance policies and endorsements shall be fully paid for and contain such provisions and expiration dates and be in such form and issued by such insurance companies licensed to do business in the State where each Facility Project is located, with a rating of “A-A IX” or better as established by Best’s Rating Guide (or an equivalent rating approved in writing by the Administrative Agent). Each policy shall provide that such policy may not be cancelled or materially changed except upon thirty (30) days’ prior written notice (or ten (10) days’ prior written notice if for non-payment) of intention of non-renewal, cancellation or material change to the Administrative Agent and that no act or thing done by the Borrowers shall invalidate any policy as against the Administrative Agent. The Borrowers shall assign the policies or proofs of insurance to Agent, in such manner and form such that Agent and its successors and assigns shall at all times have and hold the same as security for the payment of the Loan. Borrowers shall deliver copies of all original policies certified to the Administrative Agent by the insurance company or authorized agent as being true copies, together with the endorsements required hereunder. The proceeds of insurance policies coming into the possession of the Administrative Agent shall not be deemed trust funds, and the Administrative Agent shall be entitled to apply such proceeds as herein provided. The Borrowers shall not maintain any separate or additional property insurance which is contributing in the event of loss unless it is properly endorsed and otherwise satisfactory to the Administrative Agent in all respects.

Form and Quality. All insurance policies required hereunder shall be endorsed obtained under valid and enforceable policies (collectively, the “Policies” or in form the singular, the “Policy”), and substance acceptable shall be subject to the Administrative Agent to name the approval of Administrative Agent as an additional insuredto insurance companies, amounts, deductibles, loss payee or mortgagee thereunder, as its interest may appear, with loss payable to the Administrative Agent, without contribution, under a standard New York (or local equivalent) mortgagee clausepayees and insureds. All such insurance policies and endorsements The Policies shall be fully paid for and contain such provisions and expiration dates and be in such form and issued by such financially sound and responsible insurance companies licensed authorized to do business in the State state or commonwealth where each Facility the Property is located, with a located and must have an A.M. Best policy holder rating of “A-IXA-” or better as established by Best’s Rating Guide (or an equivalent rating approved in writing by the Administrative Agent). Each policy To the extent such Policies are not available as of the date hereof, Borrower shall provide that such policy may not be cancelled deliver to Administrative Agent an Xxxxx 28 (property) and Xxxxx 25 (liability) or materially changed except upon thirty (30) days’ prior written notice (or similar certificates of insurance evidencing the coverages and amounts required hereunder. Not less than ten (10) days’ days prior written notice if for non-payment) of intention of non-renewal, cancellation or material change to the expiration date of any insurance coverage in place with respect to the Property, Borrower shall deliver to Administrative Agent an Xxxxx 28 (property) and that no act Xxxxx 25 (liability) or thing done similar certificates of insurance, evidencing renewal of coverage as required herein, accompanied by evidence satisfactory to Administrative Agent of payment of the Borrowers shall invalidate any policy premiums due in connection therewith (the “Insurance Premiums”), and, as against the soon as available thereafter, copies of other evidence of coverage of such Policies requested by Administrative Agent. The Borrowers shall deliver copies of all original policies certified to the Administrative Agent by the insurance company or authorized agent as being true copies, together with the endorsements required hereunder. The proceeds certificates of insurance policies coming into must include all limits, sub-limits and deductibles and must list the possession of the Certificate Holder as provided by Administrative Agent. Administrative Agent shall not be deemed trust fundsby reason of the custody of any insurance policies, and certificates or binders or copies thereof to have knowledge of the contents thereof. Administrative Agent shall be entitled reserves the right to apply such proceeds as herein provided. The Borrowers shall not maintain any separate or additional property request certified copies of the insurance which is contributing policies required in the event of loss unless it is properly endorsed and otherwise satisfactory to the Administrative Agent in all respectsthis Article.

Form and Quality. All insurance policies shall be endorsed in form and substance reasonably acceptable to the Administrative Agent to name the Administrative Agent as an additional insured, loss payee or mortgagee thereunder, as its interest may appear, with loss payable to the Administrative Agent, without contribution, under a standard New York (or local equivalent) mortgagee clause. All such insurance policies and endorsements shall be fully paid or paid to date for installment plans offered by insurers or premium finance companies and contain such provisions and expiration dates and be in such form and issued by such insurance companies licensed authorized to do business in the State where each Facility Project is located, with a rating of “"A-IX” " or better as established by Best’s 's Rating Guide (or an equivalent rating approved in writing by the Administrative Agent). Each policy shall provide that such policy may not be cancelled or materially changed except upon thirty (30) days’ ' prior written notice (or ten (10) days’ prior written notice if for non-payment) of intention of non-renewal, cancellation or material change to the Administrative Agent and that no act or thing done by the Borrowers shall invalidate any policy as against the Administrative Agent. The Borrowers shall assign the policies or proofs of insurance to Agent, in such manner and form that Agent and its successors and assigns shall at all times have and hold the same as security for the payment of the Loan. Borrowers shall deliver (i) accord certificates of insurance in a form and substance acceptable to Agent or, upon Agent's written request, (ii) copies of all original policies certified to the Administrative Agent by the insurance company or authorized agent as being true copies, together with the endorsements required hereunder. The proceeds of insurance policies coming into the possession of the Administrative Agent shall not be deemed trust funds, and the Administrative Agent shall be entitled to apply such proceeds as herein provided. The Borrowers shall not maintain any separate or additional property insurance which is contributing in the event of loss unless it is properly endorsed and otherwise satisfactory to the Administrative Agent in all respects.

Form and Quality. All insurance policies shall be endorsed in form and substance acceptable to the Administrative Agent to name Agent for the Administrative Agent benefit of Beneficiary as an additional insured, loss payee or mortgagee thereunder, as its interest may appear, with loss payable to Agent for the Administrative Agentbenefit of Beneficiary, without contribution, under a standard New York (or local equivalent) mortgagee clause. All such insurance policies and endorsements shall be fully paid for and contain such provisions and expiration dates and be in such form and issued by such insurance companies licensed to do business in the State where each Facility state in which the Mortgaged Property is locatedsituated, with a rating of “"A-IX” " or better as established by Best’s 's Rating Guide (or an equivalent rating approved in writing by the Administrative Agent). Each policy shall provide that such policy may not be cancelled canceled or materially changed except upon thirty (30) days’ ' prior written notice (or ten (10) days’ prior written notice if for non-payment) of intention of non-renewal, cancellation or material change to the Administrative Agent and that no act or thing done by the Borrowers Grantor shall invalidate any policy as against Agent or Beneficiary. If Grantor fails to maintain insurance in compliance with this Section 3.7, Agent for the Administrative Agentbenefit of Beneficiary may obtain such insurance and pay the premium therefor and Grantor shall, on demand, reimburse Agent for all expenses incurred in connection therewith. The Borrowers Grantor shall assign the policies or proofs of insurance to Agent for the benefit of Beneficiary, in such manner and form that Beneficiary and their successors and assigns shall at all times have and hold the same as security for the payment of the Financing. Grantor shall deliver copies of all original policies certified to the Administrative Agent by the insurance company or authorized agent as being true copies, together with the endorsements required hereunder. The proceeds of insurance policies coming into the possession of the Administrative Agent shall not be deemed trust funds, and the Administrative Agent shall be entitled to apply such proceeds as herein provided. The Borrowers shall not maintain any separate or additional property insurance which is contributing in the event of loss unless it is properly endorsed and otherwise satisfactory to the Administrative Agent in all respects.

Form and Quality. All insurance policies required hereunder shall be endorsed obtained under valid and enforceable policies (collectively, the “Policies” or in form the singular, the “Policy”), and substance acceptable shall be subject to the Administrative Agent to name the approval of Administrative Agent as an additional insuredto insurance companies, amounts, deductibles, loss payee or mortgagee thereunder, as its interest may appear, with loss payable to the Administrative Agent, without contribution, under a standard New York (or local equivalent) mortgagee clausepayees and insureds. All such insurance policies and endorsements The Policies shall be fully paid for and contain such provisions and expiration dates and be in such form and issued by such financially sound and responsible insurance companies licensed authorized to do business in the State state or commonwealth where each Facility the Property is located, with a located and must have an A.M. Best policy holder rating of “A-IXA-” or better as established by Best’s Rating Guide (or an equivalent rating approved in writing by the Administrative Agent). Each policy To the extent such Policies are not available as of the date hereof, Borrower shall provide that such policy may not be cancelled deliver to Administrative Agent an Xxxxx 28 (property) and Xxxxx 25 (liability) or materially changed except upon thirty (30) days’ prior written notice (or similar certificates of insurance evidencing the coverages and amounts required hereunder. Not less than ten (10) days’ days prior written notice if for non-payment) of intention of non-renewal, cancellation or material change to the expiration date of any insurance coverage in place with respect to the Property, Borrower shall deliver to Administrative Agent an Xxxxx 28 (property) and that no act Xxxxx 25 (liability) or thing done similar certificates of insurance, evidencing renewal of coverage as required herein, accompanied by evidence satisfactory to Administrative Agent of payment of the Borrowers shall invalidate any policy premiums due in connection therewith (the “Insurance Premiums”), and, as against soon as available thereafter, copies of other evidence of coverage of such Policies requested by Administrative Agent. The certificates of insurance must include all limits, sub-limits and deductibles and must list the Certificate Holder as provided by the Administrative Agent. The Borrowers shall deliver copies of all original policies certified to the Administrative Agent by the insurance company or authorized agent as being true copies, together with the endorsements required hereunder. The proceeds of insurance policies coming into the possession of the Administrative Agent shall not be deemed trust fundsby reason of the custody of any insurance policies, and certificates or binders or copies thereof to have knowledge of the contents thereof. The Administrative Agent shall be entitled reserves the right to apply such proceeds as herein provided. The Borrowers shall not maintain any separate or additional property request certified copies of the insurance which is contributing policies required in the event of loss unless it is properly endorsed and otherwise satisfactory to the Administrative Agent in all respectsthis Article.