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 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 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 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 ECC provide Bank with evidence of the insurance coverage required by this Security Agreement, the Bank may purchase insurance at Borrower’s and ECC’s expense to protect Bank’s interest in the Collateral. This insurance may, but need not, protect Borrower’s and ECC’s interests. The coverage that Bank purchases may not pay any claim that Borrower or ECC makes or any claim that is made against Borrower or ECC in connection with the Collateral. Borrower and ECC may later cancel any insurance purchased by Bank, but only after providing Bank with evidence that Borrower and ECC have obtained insurance as required by this Security Agreement. If Bank purchases insurance for the Collateral, Borrower and ECC 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 ECC’s total outstanding balance or obligation. The costs of the insurance may be more than the cost of insurance Borrower and ECC may be able to obtain on their 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]
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. Unless Borrower provides Agent with evidence of the insurance coverage required by this Agreement, Agent may purchase insurance at Borrower's expense to protect Agent's and Lenders' interests in the Collateral. This insurance may, but need not, protect Borrower's or any of its Subsidiary's interests. The coverage that Agent purchases may not pay any claim that Borrower or any of its Subsidiaries may make or any claim that is made against Borrower or any of its Subsidiaries 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 Loans. The cost of the insurance may be more than the cost of insurance Borrower or any of its Subsidiaries may be able to obtain on its own. 57
Illinois Collateral Protection Act. Unless Borrower provides Administrative Agent with reasonable evidence of the insurance coverage required by this Security Instrument and the Loan Agreement, Administrative Agent may (upon no less than five (5) Business Days’ prior written notice to Borrower and otherwise, subject to the terms of Section 3.3 above), purchase insurance at Borrower’s expense to protect Administrative Agent’s and the Lenders’ interests in the Property. This insurance may, but need not, protect Borrower’s interest. The coverage that Administrative Agent purchases may not pay any claim that Borrower makes or any claim that is made against Borrower in connection with the Property. Borrower may later cancel any insurance purchased by Administrative Agent, but only after providing Administrative Agent with reasonable evidence that Borrower has obtained insurance as required by this Security Instrument and the Loan Agreement. If Administrative Agent purchases insurance for the Property, Borrower will be responsible for the costs of that insurance, including interest and any other charges Administrative Agent may impose in connection with the placement of the insurance, until the effective date of the cancellation or expiration of the insurance. The cost of the insurance will be added to the indebtedness secured hereby. The cost of the insurance may be more than the cost of insurance Borrower may be able to obtain on its own. For purposes of the Illinois Collateral Protection Act, 815 ILCS 180/1 et. seq., as amended or recodified from time to time, Borrower hereby acknowledges notice of Administrative Agent’s right to obtain such collateral protection insurance, subject to the limitations set forth in this Security Instrument (including Sections 3.3 and this Section 15.9).
