Common use of General Business Insurance Clause in Contracts

General Business Insurance. To maintain insurance satisfactory to the Bank as to amount, nature and carrier covering property damage (including loss of use and occupancy) to any of the Obligor’s properties, business interruption insurance, public liability insurance including coverage for contractual liability, product liability and workers’ compensation, and any other insurance which is usual for such Obligor’s business. Each policy shall include a cancellation clause in favor of the Bank.

Appears in 4 contracts

Samples: Loan Agreement (R F Industries LTD), Loan Agreement (Zynex Inc), Loan Agreement (Graham Corp)

AutoNDA by SimpleDocs

General Business Insurance. To maintain insurance satisfactory to the Bank as to amount, nature and carrier covering property damage (including loss of use and occupancy) to any of the Obligor’s 's properties, business interruption insurance, public liability insurance including coverage for contractual liability, product liability and workers' compensation, and any other insurance which is usual for such Obligor’s 's business. Each policy shall include a cancellation clause in favor of the Bank.

Appears in 2 contracts

Samples: Loan Agreement (Solitron Devices Inc), Exhibit 10.9 (BurgerFi International, Inc.)

General Business Insurance. To maintain insurance satisfactory to the Bank as to amount, nature and carrier covering property damage (including loss of use and occupancy) to any of the Obligor’s properties, business interruption insurance, public liability insurance including coverage for contractual liability, product liability and workers' compensation, and any other insurance which is usual for such Obligor’s business. Each policy shall include a cancellation clause in favor of the Bank.

Appears in 2 contracts

Samples: Loan Agreement (HireQuest, Inc.), Loan Agreement (Thorne Healthtech, Inc.)

General Business Insurance. To maintain insurance satisfactory to the Bank as to amount, nature and carrier covering property damage (including loss of use and occupancy) to any of the ObligorBorrower’s properties, business interruption insurance, public liability insurance including coverage for contractual liability, product liability and workers' compensation, and any other insurance which is usual for such ObligorBorrower’s business. Each policy shall include a cancellation clause in favor of the Bank.

Appears in 1 contract

Samples: Loan Agreement (CUI Global, Inc.)

AutoNDA by SimpleDocs

General Business Insurance. To maintain insurance satisfactory to the Bank as to amount, nature and carrier covering property damage (including loss of use and occupancy) to any of the Obligor’s 's properties, business ' interruption insurance, public liability insurance including coverage for contractual liability, product liability and workers' compensation, and any other insurance which is usual for such Obligor’s 's business. Each policy shall include a cancellation clause in favor of the Bank.

Appears in 1 contract

Samples: Loan Agreement (HF Foods Group Inc.)

General Business Insurance. To maintain Maintain insurance satisfactory to the Bank as to amount, nature and carrier covering property damage (including loss of use and occupancy) to any of the ObligorBorrower’s properties, business interruption insurance, public liability insurance including coverage for contractual liability, product liability and workers' compensation, and any other insurance which is usual for such Obligorthe Borrower’s business. Each policy shall include a cancellation clause in favor of the Bank.

Appears in 1 contract

Samples: Credit Agreement (Tejon Ranch Co)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!