Common use of Forms of Policies Clause in Contracts

Forms of Policies. All insurance policies shall (i) be issued by an insurance company licensed to do business in Texas having a rating of “A-” VIII or better by A.M. Best Co., in Best’s Rating Guide, (ii) name “JPMorgan Chase Bank, National Association, as Administrative Agent” as additional insured on all liability insurance and as mortgagee and loss payee on all All-Risk Property insurance, (iii) be endorsed to show that each Loan Party’s and each Subsidiary’s insurance shall be primary and all insurance carried by Administrative Agent is strictly excess and secondary and shall not contribute with any Loan Party’s or any Subsidiary’s insurance, (iv) provide that Administrative Agent is to receive notice prior to non-renewal or cancellation, (v) be evidenced by a certificate of insurance to be provided to Administrative Agent along with a copy of the policy for All-Risk Property coverage, (vi) include either policy or binder numbers on the Accord form, and (vii) otherwise be in form and amounts reasonably acceptable to Administrative Agent.

Forms of Policies. All insurance policies shall (i) be issued by an insurance company licensed to do business in Texas having a rating of “"A-” " VIII or better by A.M. Best Co., in Best’s 's Rating Guide, (ii) name “"JPMorgan Chase Bank, National Association, as Administrative Agent” " as additional insured on all liability insurance and as mortgagee and loss payee on all All-Risk Property insurance, (iii) be endorsed to show that each Loan Party’s 's and each Subsidiary’s 's insurance shall be primary and all insurance carried by Administrative Agent is strictly excess and secondary and shall not contribute with any Loan Party’s 's or any Subsidiary’s 's insurance, (iv) provide that Administrative Agent is to receive notice prior to non-renewal or cancellation, (v) be evidenced by a certificate of insurance to be provided to Administrative Agent along with a copy of the policy for All-Risk Property coverage, (vi) include either policy or binder numbers on the Accord form, and (vii) otherwise be in form and amounts reasonably acceptable to Administrative Agent.