Illinois Collateral Protection Act. Unless Borrower provides Lender with evidence of the insurance coverage required by this Instrument, Lender may purchase insurance at Borrower’s expense to protect Xxxxxx’s interest in the Mortgaged Property. This insurance may, but need not, protect Xxxxxxxx’s interests. The coverage that Lender purchases may not pay any claim that Borrower may make or any claim that is made against Borrower in connection with the Mortgaged Property. Borrower may cancel any insurance purchased by Xxxxxx, but only after providing Lender with evidence that Borrower has obtained insurance as required by this Instrument. If Lender purchases insurance for the Mortgaged Property, Borrower will be responsible for the costs of that insurance, including interest and any other charges that Lender may impose in connection with the placement of such insurance, until the effective date of the cancellation or expiration of such insurance. Without limitation of any other provision of this Instrument, the cost of such insurance will be added to the cost of the Indebtedness secured hereby. The cost of such insurance may be more than the cost of insurance Borrower may be able to obtain on its own.
Illinois Collateral Protection Act. Unless Debtor provides Secured Party with evidence of the insurance coverage required by this Security Agreement, Secured may purchase insurance at Debtor’s expense to protect Secured Party’s interest in the Personal Property Collateral. This insurance may, but need not, protect Debtor’s interests. The coverage that Secured Party purchases may not pay any claim that Debtor makes or any claim that is made against Debtor in connection with the Personal Property Collateral. Debtor may later cancel any insurance purchased by Secured Party, but only after providing Secured Party with evidence that Debtor has obtained insurance as required by this Security Agreement. If Secured Party purchases insurance for the Personal Property Collateral, Debtor will be responsible for the costs of that insurance, including interest and any other charges Secured Party may impose in connection with the placement of the insurance, until the effective date of the cancellation or expiration of the insurance. The costs of the insurance may be added to Debtor’s total outstanding balance or obligation. The costs of the insurance may be more than the cost of insurance Debtor may be able to obtain on its own.
Illinois Collateral Protection Act. Unless Borrower provides Lender with evidence of the insurance coverage required by this Instrument, Lender may purchase insurance at Borrower's expense to protect Lender's interest in the Mortgaged Property. This insurance may, but need not, protect Borrower's interests. The coverage that Lender purchases may not pay any claim that Borrower may make or any claim that is made against Borrower in connection with the Mortgaged Property. Borrower may cancel any insurance purchased by Lender, but only after providing Lender with evidence that Borrower has obtained insurance as required by this Instrument. If Lender purchases insurance for the Mortgaged Property, Borrower will be responsible for the costs of that insurance, including interest and any other charges that Lender may impose in connection with the placement of such insurance, until the effective date of the cancellation or expiration of such insurance. Without limitation of any other provision of this Instrument, the cost of such insurance shall be added to the cost of the Indebtedness secured hereby. The cost of such insurance may be more than the cost of insurance Borrower may be able to obtain on its own.
Illinois Collateral Protection Act. Unless Mortgagor provides Mortgagee with evidence of the insurance coverage required by the Loan Agreement or any other of the Loan Documents, if any, Mortgagee may purchase such insurance at Mortgagor’s expense to protect Mortgagee’s interests in the Property. This insurance may, but need not, protect Xxxxxxxxx’s interest. The coverage that Mortgagee purchases may not pay any claim that Mortgagor may make or any claim that is made against Mortgagor in connection with the Property. Mortgagor may later cancel any insurance purchased by Mortgagee, but only after providing Mortgagee with evidence that Xxxxxxxxx has obtained insurance as required by this Security Instrument. If Mortgagee purchases insurance for the Property, Mortgagor will be responsible for the costs of such insurance, including interest and any other charges that may be imposed in connection with the placement of such insurance, until the effective date of the cancellation or expiration of such insurance. Without limitation of any other provision of this Security Instrument or any other Loan Document, the cost of such insurance shall be added to the Debt secured hereby. The cost of the insurance may be more than the cost of insurance Mortgagor may be able to obtain on its own.
Illinois Collateral Protection Act. Unless Borrower and Switchboard provide Bank with evidence of the insurance coverage required by this Security Agreement, the Bank may purchase insurance at Borrower’s and Switchboard’s expense to protect Bank’s interest in the Collateral. This insurance may, but need not, protect Borrower’s and Switchboard’s interests. The coverage that Bank purchases may not pay any claim that Borrower or Switchboard makes or any claim that is made against Borrower or Switchboard in connection with the Collateral. Borrower and Switchboard may later cancel any insurance purchased by Bank, but only after providing Bank with evidence that Borrower and Switchboard have obtained insurance as required by this Security Agreement. If Bank purchases insurance for the Collateral, Borrower and Switchboard will be responsible for the costs of that insurance, including interest and any other charges Bank may impose in connection with the placement of the insurance, until the effective date of the cancellation or expiration of the insurance. The costs of the insurance may be added to Borrower’s and Switchboard’s total outstanding balance or obligation. The costs of the insurance may be more than the cost of insurance Borrower and Switchboard may be able to obtain on their own.
Illinois Collateral Protection Act. Unless Borrower provides Collateral Agent with evidence of the insurance coverage required by this Agreement, Collateral Agent may purchase insurance at Borrower's expense to protect Collateral Agent's and the Lenders' interests in Collateral. This insurance may, but need not, protect Borrower's interests. The coverage that Collateral Agent purchases may not pay any claim that Borrower may make or any claim that is made against Borrower in connection with the Collateral. Borrower may later cancel any insurance purchased by Collateral Agent, but only after providing Collateral Agent with evidence that Borrower has obtained insurance as required by this Agreement. If Collateral Agent purchases insurance for the Collateral, Borrower will be responsible for the costs of that insurance, including interest and any other charges Borrower may impose in connection with the placement of the insurance, until the effective date of the cancellation or expiration of the insurance. This costs of the insurance may be added to the Loans. The costs of the insurance may be more than the cost of insurance Borrower may be able to obtain on its own. 105 111 Witness the due execution hereof by the respective duly authorized officers of the undersigned as of the date first written above. THORN APPLE VALLEY, INC. By: /s/Louix Xxxxxxx ------------------------------------------- Title: Executive Vice President ------------------------------------------- FEIN: 38-1000000 ------------------------------------------- COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A., "RABOBANK NEDERLAND", NEW YORK BRANCH, as Administrative Agent By: /s/ M. Chrixxxxx Xxxxxx ------------------------------------------- Title: Vice President ------------------------------------------- By: /s/ W. Pietxx X. Xxxxx ------------------------------------------- Title: ------------------------------------------- HELLXX XXXANCIAL, INC., as Collateral Agent By:/s/ Ronaxx X. Xxxxxx ------------------------------------------- Title: Vice President ------------------------------------------- HELLXX XXXANCIAL, INC., as Documentation Agent By: /s/ Ronaxx X. Xxxxxx ------------------------------------------- Title: Vice President ------------------------------------------- 106 112 HARRXX XXXST AND SAVINGS BANK, as Co-Agent By:/s/ Carl Xxxxxxxx ------------------------------ Title: Vice President ------------------------------ 107 113 COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A., "RABOBANK NEDERLAND", NEW YORK BR...
Illinois Collateral Protection Act. Unless Mortgagor provides the Lender with evidence of the insurance coverage required by Mortgagor’s agreement with the Lender, Lender may purchase insurance at Mortgagor’s expense to protect Lender’s interests in the collateral. This insurance may, but need not, protect Mortgagor’s interests. The coverage that Lender purchases may not pay any claim that Mortgagor makes or any claim that is made against Mortgagor in connection with the collateral. Mortgagor may later cancel any insurance purchased by Lender, but only after providing the Lender with evidence that Mortgagor has obtained insurance as required by their agreement. If the Lender purchases insurance for the collateral, Mortgagor will be responsible for the costs of that insurance, including interest and any other charges Lender may impose in connection with the placement of the insurance, until the effective date of the cancellation or expiration of the insurance. The costs of the insurance may be added to Mortgagor’s total outstanding balance or obligation. The costs of the insurance may be more than the cost of insurance Mortgagor may be able to obtain on Mortgagor’s own. In the event the Lender, in its reasonable discretion, determines that any insurance provided by Mortgagor does not comply with the insurance requirements set forth herein, then the Lender may, at any time and at its own discretion, procure and substitute for any and all of the policies of insurance deposited as aforesaid such other policy or policies of insurance, in such amount and carried with such company as it may determine, and the cost therefor shall be repaid to the Lender by Mortgagor upon demand. Mortgagor shall furnish to the Lender, upon request, estimates or appraisals of insurable value, without cost to the Lender, such as are regularly and ordinarily made by insurance companies to determine the then replacement cost of the building or buildings and improvements on the Real Estate. Mortgagor shall not carry separate insurance concurrent in kind or form, and contributing in the event of any loss, with any insurance required hereunder.
Illinois Collateral Protection Act. Unless Borrower provides Agent with evidence of the insurance coverage required by SECTION 6.10, Agent may purchase insurance at Borrower's expense to protect Agent's interests in the Collateral. This insurance may, but need not, protect Borrower's interests. The coverage that Agent purchases may not pay any claim that Borrower may make or any claim that is made against Borrower in connection with the Collateral. Borrower may later cancel any insurance purchased by Agent, but only after providing Agent with evidence that Borrower has obtained insurance as required by this Agreement. If Agent purchases insurance for the Collateral, Borrower will be responsible for the costs of that insurance, including interest and any other charges that may be imposed in connection with the placement of the insurance, until the effective date of the cancellation or expiration of the insurance. The costs of the insurance may be added to the Obligations. The costs of the insurance may be more than the cost of insurance Borrower may be able to obtain on its own.
Illinois Collateral Protection Act. Borrower hereby acknowledges receipt of the notice, attached hereto as Exhibit Q, as required by and in full compliance with the Illinois Collateral Protection Act, 815 ILCS 180/15.
Illinois Collateral Protection Act. Unless Borrowers provide Agent with evidence of the insurance coverage required by this Agreement, Agent may purchase insurance at Borrowers' expense to protect Agent's interests in the Collateral. This insurance may, but need not, protect Borrowers' interests. The coverage that Agent purchases may not pay any claim that Borrowers may make or any claim that is made against Borrowers in connection with the Collateral. Borrowers may later cancel any insurance purchased by Agent, but only after providing Agent with evidence that Borrowers have obtained insurance as required by this Agreement. If Agent purchases insurance for the Collateral, Borrowers will be jointly and severally responsible for the costs of that insurance, including interest and any other charges that may be imposed in connection with the placement of the insurance, until the effective date of the cancellation or expiration of the insurance. The costs of the insurance may be added to the Loans. The costs of the insurance may be more than the cost of insurance Borrowers may be able to obtain on their own. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK; SIGNATURE PAGES FOLLOW]
