Common use of Insurance and Endorsements Clause in Contracts

Insurance and Endorsements. (a) Keep its properties and cause the Premises to be insured against fire and other hazards (pursuant to so-called "All Risk" coverage) in amounts and with companies satisfactory to Lender to the same extent and covering such risks as is customary in the same or a similar business; maintain public liability coverage, including without limitation, products liability coverage, against claims for personal injuries or death; and maintain all worker's compensation, employment or similar insurance as may be required by applicable law; and (b) all insurance shall contain such terms, be in such form, and be for such periods reasonably satisfactory to Lender, and be written by such carriers duly licensed by the appropriate governmental authority of each state where any Collateral is located. Without limiting the generality of the foregoing, such insurance must provide that it may not be canceled without thirty (30) days' prior written notice to Lender. Borrower shall cause Lender to be endorsed as a loss payee with a long form Lender's Loss Payable Clause, in form and substance acceptable to Lender on all such insurance. In the event of failure to provide and maintain insurance as herein provided, Lender may, at its option, provide such insurance and charge the amount thereof to the Revolving Loan Account. Borrower shall furnish to Lender certificates or other satisfactory evidence of compliance with the foregoing insurance provisions. Borrower hereby irrevocably appoints Lender as its attorney-in-fact, coupled with an interest, to make proofs of loss and claims for insurance, and to receive payments of the insurance proceeds and execute and endorse all documents, checks and drafts in connection with payment of such insurance. Any insurance proceeds received by Lender shall be applied to the Obligations in such order and manner as Lender shall determine in its sole discretion.

Insurance and Endorsements. (a) Keep its properties and cause the Premises to be Borrower Collateral insured against fire and other hazards (pursuant to so-called "All Risk" coverage) in amounts and with companies satisfactory to Lender to the same extent and covering such risks as is customary in the same or a similar business; maintain public liability coverage, including without limitation, products liability coverage, against claims for personal injuries or death; and maintain all worker's compensation, employment or similar insurance as may be required by applicable law; and (b) all insurance shall contain such terms, be in such form, and be for such periods reasonably satisfactory to Lender, and be written by such carriers duly licensed by the appropriate governmental authority of each state states where any Borrower Collateral is locatedlocated and reasonably satisfactory to Lender. Without limiting the generality of the foregoing, such insurance must provide that it may not be canceled cancelled without thirty (30) days' prior written notice to Lender. Borrower shall cause Lender to be endorsed as a loss payee with a long form Lender's Loss Payable Clause, in form and substance acceptable to Lender on all such insurance. In the event of failure to provide and maintain insurance as herein provided, Lender may, at its option, provide such insurance and charge the amount thereof to the Revolving Loan Account. Borrower shall furnish to Lender certificates or other satisfactory evidence of compliance with the foregoing insurance provisions. Borrower hereby irrevocably appoints Lender as its attorney-in-fact, coupled with an interest, to make proofs of loss and claims for insurance, and to receive payments of the insurance proceeds and execute and endorse all documents, checks and drafts in connection with payment of such the insurance. Any insurance proceeds received by Lender shall be applied to the Obligations in such order and manner as Lender shall determine in its sole discretion.

Insurance and Endorsements. (a) Keep its properties and cause the Premises to be insured against fire and other hazards (pursuant to so-called "All Risk" coverage) in amounts and with companies satisfactory to Lender to the same extent and covering such risks as is customary in the same or a similar business; maintain public liability coverage, including without limitation, products liability coverage, against claims for personal injuries or death; and maintain all worker's compensation, employment or similar insurance as may be required by applicable law; and (b) all insurance shall contain such terms, be in such form, and be for such periods reasonably satisfactory to Lender, and be written by such carriers duly licensed by the appropriate governmental authority authorities of each state where any Collateral is located. Without limiting the generality of the foregoing, such insurance must provide that it may not be canceled without thirty (30) days' prior written notice to Lender. Borrower shall cause Lender to be endorsed as a loss payee with a long form Lender's Loss Payable Clause, in form and substance acceptable to Lender on all such insurance. In the event of failure to provide and maintain insurance as herein provided, Lender may, at its option, provide such insurance and charge the amount thereof to the Revolving Loan Account. Borrower shall furnish to Lender certificates or other satisfactory evidence of compliance with the foregoing insurance provisions. Borrower hereby irrevocably appoints Lender as its attorney-in-fact, coupled with an interest, interest to make proofs of loss and claims for insurance, and to receive payments of the insurance proceeds and execute and endorse all documents, checks and drafts in connection with payment of such insurance. Any insurance proceeds received by Lender shall be applied to the Obligations in such order and manner as Lender shall determine in its sole discretion.

Insurance and Endorsements. (a) Keep its properties and cause the Premises to be insured against fire and other hazards (pursuant to so-called "All Risk" coverage) in amounts and with companies satisfactory to Lender the Bank to the same extent and covering such risks as is customary in the same or a similar business; maintain public liability coverage, including without limitation, products liability coverage, against claims for personal injuries or death; and maintain all worker's compensation, employment or similar insurance as may be required by applicable law; and (b) all All insurance shall contain such terms, be in such form, and be for such periods reasonably satisfactory to Lenderthe Bank, and be written by such carriers duly licensed by the appropriate governmental authority of each state states where any Collateral is locatedlocated and reasonably satisfactory to the Bank. Without limiting the generality of the foregoing, such insurance must provide that it may not be canceled without thirty (30) days' days prior written notice to LenderBank or such lesser time as insurer in the ordinary course of its business provides. Borrower shall cause Lender Bank to be endorsed as a loss payee with a long form Lender's Loss Payable Clause, in form and substance acceptable to Lender the Bank on all such insurance. In the event of failure to provide and maintain insurance as herein provided, Lender the Bank may, at its option, provide such insurance and charge the amount thereof to the its Revolving Loan AccountLoans. Borrower The Company shall furnish to Lender the Bank certificates or other satisfactory evidence of compliance with the foregoing insurance provisions. Borrower The Company hereby irrevocably appoints Lender the Bank as its attorney-in-fact, coupled with an interest, to make proofs of loss and claims for insurance, and to receive payments of the insurance proceeds and execute and endorse all documents, checks and drafts in connection with payment of such the insurance. Any insurance proceeds received by Lender the Bank shall be applied to the Obligations in such order and manner as Lender the Bank shall determine in its sole discretion, or shall be remitted to the Company, in either event at the Bank's sole discretion. Notwithstanding the foregoing, prior to Bank's application of such proceeds it shall discuss application of the proceeds with the Company.

Insurance and Endorsements. (a) Keep its properties and cause the Premises to be insured against fire and other hazards (pursuant to so-called "All Risk" coverage) ), as well as shipping insurance, when applicable, and inland transit insurance covering goods in transit or at port of shipment, in amounts and with companies satisfactory to Lender the Bank to the same extent and covering such risks as is customary in the same or a similar business; maintain public liability coverage, including without limitation, products liability coverage, against claims for personal injuries or death; and maintain all worker's compensation, employment or similar insurance as may be required by applicable law; and (b) all All insurance shall contain such terms, be in such form, and be for such periods reasonably satisfactory to Lenderthe Bank, and be written by such carriers duly licensed by the appropriate governmental authority of each state states where any Collateral is locatedlocated and reasonably satisfactory to the Bank. Without limiting the generality of the foregoing, such domestic and maritime insurance must provide that it may not be canceled without thirty ten (3010) days' prior written notice to Lenderthe Bank. The Borrower shall cause Lender the Bank, to be endorsed as a loss payee with a long form Lender's Loss Payable Clause, in form and substance acceptable to Lender the Bank, on all such insurance. In the event of failure to provide and maintain insurance as herein provided, Lender the Bank may, at its optionoption (but shall not be obligated to), provide such insurance and charge the amount thereof to the Revolving Loan Account. The Borrower shall furnish to Lender the Bank certificates or other satisfactory evidence of compliance with the foregoing insurance provisions. The Borrower hereby irrevocably appoints Lender the Bank, as its attorney-attorney- in-fact, coupled with an interest, to make proofs of loss and claims for insurance, and to receive payments of the insurance proceeds and execute and endorse all documentsDocuments, checks and drafts in connection with payment of such the insurance. Any insurance proceeds Proceeds received by Lender the Bank shall be applied to the Obligations in such order Obligations, or paid over to the Borrower for repair and manner replacement of the Collateral as Lender the Bank shall determine in its sole reasonable discretion.

Insurance and Endorsements. (a) Keep its properties and cause the Premises to be insured against fire and other hazards (pursuant to so-called "“All Risk" ” coverage) in amounts and with companies satisfactory to Lender to the same extent and covering such risks as is customary in the same or a similar business; maintain public liability coverage, including without limitation, products liability coverage, against claims for personal injuries or death; and maintain all worker's ’s compensation, employment or similar insurance as may be required by applicable law; and (b) all insurance shall contain such terms, be in such form, and be for such periods reasonably satisfactory to Lender, and be written by such carriers duly licensed by the appropriate governmental authority authorities of each state where any Collateral is located. Without limiting the generality of the foregoing, such insurance must provide that it may not be canceled without thirty (30) days' ’ prior written notice to Lender. Borrower shall cause Lender to be endorsed as a loss payee with a long form Lender's ’s Loss Payable Clause, in form and substance acceptable to Lender on all such insurance. In the event of failure to provide and maintain insurance as herein provided, Lender may, at its option, provide such insurance and charge the amount thereof to the Revolving Loan Account. Borrower shall furnish to Lender certificates or other satisfactory evidence of compliance with the foregoing insurance provisions. Borrower hereby irrevocably appoints Lender as its attorney-in-fact, coupled with an interest, interest to make proofs of loss and claims for insurance, and to receive payments of the insurance proceeds and execute and endorse all documents, checks and drafts in connection with payment of such insurance. Any insurance proceeds received by Lender shall be applied to the Obligations in such order and manner as Lender shall determine in its sole discretion.

Insurance and Endorsements. (a) Keep its Debtor's properties and cause the Premises to be insured against fire and other hazards (pursuant to so-called "All Risk" coverage) in amounts and with companies satisfactory to Lender the Bank to the same extent and covering such risks as is customary in the same or a similar business; maintain public liability coverage, including without limitation, products liability coverage, against claims for personal injuries or death; and maintain all worker's compensation, employment or similar insurance as may be required by applicable law; and (b) all . All insurance shall contain such terms, be in such form, and be for such periods reasonably satisfactory to LenderBank, and be written by such carriers duly licensed by the appropriate governmental authority of each state states where any Collateral is locatedlocated and reasonably satisfactory to the Bank. Without limiting the generality of the foregoing, such insurance must provide that it may not be canceled without thirty (30) days' days prior written notice to Lenderthe Bank. Borrower Debtor shall cause Lender the Bank to be endorsed as a loss payee with a long form Lender's Loss Payable Clause, in form and substance acceptable respect to Lender the Collateral on all such insurance. In the event of failure to provide and maintain insurance as herein provided, Lender the Bank may, at its option, provide such insurance and charge the such amount thereof shall be payable by Debtor to the Revolving Loan AccountBank upon demand. Borrower Debtor shall furnish to Lender the Bank certificates or other satisfactory evidence of compliance with the foregoing insurance provisions. Borrower In the event of a proof of loss and claim for insurance by Debtor and upon receipt of proceeds, Debtor must either, at its option, (a) pay the proceeds to the Bank, (b) use the proceeds to purchase new machinery or equipment, upon which the Bank will have a lien, which has an appraised value, as determined by the Bank, in an amount equal to or greater than the value of the machinery and equipment which is being replaced. Debtor hereby irrevocably appoints Lender the Bank as its attorney-in-fact, coupled with an interest, to make make, after the occurrence of and during the continuance of an Event of Default, proofs of loss and claims for insurance, and to receive payments of the insurance proceeds and execute and endorse all documents, checks and drafts in connection with payment of such the insurance. Any insurance proceeds received by Lender the Bank shall be applied to the Obligations in such order and manner as Lender the Bank shall determine in its sole discretion.sole

Insurance and Endorsements. (a) Keep its Debtor's properties and cause the Premises to be insured against fire and other hazards (pursuant to so-called "All Risk" coverage) in amounts and with companies satisfactory to Lender the Bank to the same extent and covering such risks as is customary in the same or a similar business; maintain public liability coverage, including without limitation, products liability coverage, against claims for personal injuries or death; and maintain all worker's compensation, employment or similar insurance as may be required by applicable law; and (b) all . All insurance shall contain such terms, be in such form, and be for such periods reasonably satisfactory to LenderBank, and be written by such carriers duly licensed by the appropriate governmental authority of each state states where any Collateral is locatedlocated and reasonably satisfactory to the Bank. Without limiting the generality of the foregoing, such insurance must provide that it may not be canceled without thirty (30) days' days prior written notice to Lenderthe Bank. Borrower Debtor shall cause Lender the Bank to be endorsed as a loss payee with a long form Lender's Loss Payable Clause, in form and substance acceptable respect to Lender the Collateral on all such insurance. In the event of failure to provide and maintain insurance as herein provided, Lender the Bank may, at its option, provide such insurance and charge the such amount thereof shall be payable by Debtor to the Revolving Loan AccountBank upon demand. Borrower Debtor shall furnish to Lender the Bank certificates or other satisfactory evidence of compliance with the foregoing insurance provisions. Borrower In the event of a proof of loss and claim for insurance by Debtor and upon receipt of proceeds, Debtor must either, at its option, (a) pay the proceeds to the Bank, (b) use the proceeds to purchase new machinery or equipment, upon which the Bank will have a lien, which has an appraised value, as determined by the Bank, in an amount equal to or greater than the value of the machinery and equipment which is being replaced. Debtor hereby irrevocably appoints Lender the Bank as its attorney-in-fact, coupled with an interest, to make make, after the occurrence of and during the continuance of an Event of Default, proofs of loss and claims for insurance, and to receive payments of the insurance proceeds and execute and endorse all documents, checks and drafts in connection with payment of such the insurance. Any insurance proceeds received by Lender the Bank shall be applied to the Obligations in such order and manner as Lender the Bank shall determine in its sole discretion.

Insurance and Endorsements. (a) Keep its properties and cause the Premises to be insured against fire and other hazards (pursuant to so-called "All Risk" coverage) in amounts and with companies satisfactory to Lender to the same extent and covering such risks as is customary in the same or a similar business; maintain public liability coverage, including without limitation, products liability coverage, against claims for personal injuries or death; and maintain all worker's compensation, employment or similar insurance as may be required by applicable law; and (b) all insurance shall contain such terms, be in such form, and be for such periods reasonably satisfactory to Lender, and be written by such carriers duly licensed by the appropriate governmental authority authorities of each state where any Collateral is located. Without limiting the generality of the foregoing, such insurance must provide that it may not be canceled without thirty (30) days' prior written notice to Lender. Borrower Borrowers shall cause Lender to be endorsed as a loss payee with a long form Lender's Loss Payable Clause, in form and substance acceptable to Lender on all such insurance. In the event of failure to provide and maintain insurance as herein provided, Lender may, at its option, provide such insurance and charge the amount thereof to the Revolving Loan Account. Borrower Borrowers shall furnish to Lender certificates or other satisfactory evidence of compliance with the foregoing insurance provisions. Borrower Borrowers hereby irrevocably appoints appoint Lender as its their attorney-in-fact, coupled with an interest, to to, except as set forth in the Mortgage, make proofs of loss and claims for insurance, and to receive payments of the insurance proceeds and execute and endorse all documents, checks and drafts in connection with payment of such insurance. Any insurance proceeds received by Lender shall be applied to the Obligations in such order and manner as Lender shall determine in its sole discretion.

Insurance and Endorsements. (a) Keep its their properties and cause the Premises to be insured against fire and other hazards (pursuant to so-called "All Risk" coverage) in amounts and with companies reasonably satisfactory to Lender to the same extent and covering such risks as is customary in the same or a similar business; maintain public liability coverage, including without limitation, products liability coverage, against claims for personal injuries or death; and maintain all worker's compensation, C.S.S.T., employment or similar insurance as may be required by applicable law; and (b) all insurance shall contain such terms, be in such form, and be for such periods reasonably satisfactory to Lender, and be written by such carriers duly licensed by the appropriate governmental authority of each state where any Collateral is located. Without limiting the generality of the foregoing, such insurance must provide that it may not be canceled without thirty (30) days' prior written notice to Lender. Borrower Borrowers shall cause Lender to be endorsed as a loss payee with a long form Lender's Loss Payable Clause, in form and substance reasonably acceptable to Lender on all such insurance. In the event of failure to provide and maintain insurance as herein provided, Lender may, at its option, provide such insurance and charge the amount thereof to the either Revolving Loan AccountAccount in Lender's sole discretion. Borrower Borrowers shall furnish to Lender certificates or other satisfactory evidence of compliance with the foregoing insurance provisions. Borrower Borrowers hereby irrevocably appoints appoint Lender as its their attorney-in-fact, coupled with an interest, to make proofs of loss and claims for insurance, and to receive payments of the insurance proceeds and execute and endorse all documents, checks and drafts in connection 27 -27- with payment of such insurance. Any insurance proceeds received by Lender shall be applied to the Obligations in such order and manner as Lender shall determine in its sole discretion.

Insurance and Endorsements. (a) Keep its properties and cause the Premises to be insured against fire and other hazards (pursuant to so-called "All Risk" coverage) in amounts and with companies satisfactory to Lender the Bank to the same extent and covering such risks as is customary in the same or a similar business; maintain public liability coverage, including without limitation, products liability coverage, against claims for personal injuries or death; and maintain all worker's compensation, employment or similar insurance as may be required by applicable law; and (b) all All insurance shall contain such terms, be in such form, and be for such periods reasonably satisfactory to LenderBank, and be written by such carriers duly licensed by the appropriate governmental authority of each state states where any Collateral is locatedlocated and reasonably satisfactory to the Bank. Without limiting the generality of the foregoing, such insurance must provide that it may not be canceled without thirty (30) days' days prior written notice to Lenderthe Bank. The Borrower shall cause Lender the Bank to be endorsed as a loss payee (as its interests may appear) with a long form Lender's Loss Payable Clause, in form and substance acceptable to Lender the Bank on all such insurance. In the event of failure to provide and maintain insurance as herein provided, Lender the Bank may, at its option, provide such insurance and charge the amount thereof to the Revolving Loan Account. The Borrower shall furnish to Lender the Bank certificates or other satisfactory evidence of compliance with the foregoing insurance provisions. The Borrower hereby irrevocably appoints Lender the Bank as its attorney-in-fact, coupled with an interest, to make proofs of loss and claims for insurance, and to receive payments of the insurance proceeds and execute and endorse all documents, checks and drafts in connection with payment of such the insurance. Any insurance proceeds received by Lender the Bank shall be applied to the Obligations in such order and manner as Lender the Bank shall determine in its sole discretion.

Insurance and Endorsements. (a) Keep its properties and cause the Premises to be insured against fire and other hazards (pursuant to so-called "All Risk" coverage) in amounts and with companies satisfactory to Lender the Lenders to the same extent and covering such risks as is customary in the same or a similar business; maintain public liability coverage, including without limitation, products liability coverage, against claims for personal injuries or death; and maintain all worker's compensation, employment or similar insurance as may be required by applicable law; and (b) all All insurance shall contain such terms, be in such form, and be for such periods reasonably satisfactory to LenderLenders, and be written by such carriers duly licensed by the appropriate governmental authority of each state states where any Collateral is locatedlocated and reasonably satisfactory to the Lenders. Without limiting the generality of the foregoing, such insurance must provide that it may not be canceled without thirty (30) days' days prior written notice to Lender. the Lenders, the Borrower shall cause Lender the Lenders to be endorsed as a loss payee with a long form Lender's Lenders' Loss Payable Clause, in form and substance acceptable to Lender the Lenders on all such insurance. In the event of failure to provide and maintain insurance as herein provided, Lender the Lenders may, at its option, provide such insurance and charge the amount thereof to the Revolving Loan Loans Account. The Borrower shall furnish to Lender the Lenders certificates or other satisfactory evidence of compliance with the foregoing insurance provisions. The Borrower hereby irrevocably appoints Lender the Lenders as its attorney-in-fact, coupled with an interest, to make proofs of loss and claims for insurance, and to receive payments of the insurance proceeds and execute and endorse all documents, checks and drafts in connection with payment of such the insurance. Any insurance proceeds received by Lender the Lenders shall be applied to the Obligations obligations in such order and manner as the Lender shall determine in its sole discretion.. Section 5.3-

Insurance and Endorsements. (a) Keep its properties and cause the Premises to be insured against fire and other hazards (pursuant to so-called "All RiskALL RISK" coverage) ), in amounts and with companies satisfactory to Lender the Bank to the same extent and covering such risks as is customary in the same or a similar business; maintain public liability coverage, including without limitation, products liability coverage, against claims for personal injuries or death; and maintain all worker's compensation, employment or similar insurance as may be required by applicable law; and (b) all . All insurance shall contain such terms, be in such form, and be for such periods reasonably satisfactory to Lender, the Bank and be written by such carriers duly licensed by the appropriate governmental authority of each state states where any Collateral is locatedlocated and reasonably satisfactory to the Bank. Without limiting the generality of the foregoing, such domestic and maritime insurance must provide that it may not be canceled without thirty ten (3010) days' prior written notice to Lenderthe Bank. The Borrower shall cause Lender the Bank to be endorsed as a loss payee with a long form Lender's Loss Payable Clause, in form and substance acceptable to Lender the Bank on all such insurance. In the event of failure to provide and maintain insurance as herein provided, Lender the Bank may, at its optionoption (but shall not be obligated to), provide such insurance and charge the amount thereof to the Revolving Loan Account. The Borrower shall furnish to Lender the Bank certificates or other satisfactory evidence of compliance with the foregoing insurance provisions. The Borrower hereby irrevocably appoints Lender the Bank as its attorney-in-fact, coupled with an interest, to make proofs of loss and claims for insurance, and to receive payments of the insurance proceeds and execute and endorse all documentsDocuments, checks and drafts in connection with payment of such the insurance. Any insurance proceeds Proceeds received by Lender the Bank shall be applied to the Obligations in such order Obligations, or paid over to the Borrower for repair and manner replacement of the Collateral as Lender the Bank shall determine in its sole reasonable discretion.