Insurance and Insurance Proceeds. (a) The Borrower and each of its Subsidiaries shall maintain insurance with respect to its properties and business and against such casualties and contingencies and in such types and such amounts as shall be in accordance with sound business practices which are standard in the industry and in accordance with any express requirements of Governmental Authorities, where applicable, including the right to self-insure and/or co-insure with respect to any of the insurance required to be maintained by the Borrower pursuant to this paragraph.
Appears in 2 contracts
Samples: Assignment and Assumption (Midamerican Funding LLC), Credit Agreement (Pacificorp /Or/)
Insurance and Insurance Proceeds. (a) The Borrower and each of its Subsidiaries shall maintain insurance with respect to its properties and business and against such casualties and contingencies and in such types and such amounts as shall be in accordance with sound business practices which are standard in the industry and in accordance with any express requirements of Governmental Authorities, where applicable, including the right to self-insure and/or co-insure with respect to any of the insurance required to be maintained by the Borrower pursuant to this paragraph.. RBC-AltaLink-Amended and Restated Credit Agreement LEGAL_1:22094689.5
Appears in 1 contract
Insurance and Insurance Proceeds. (a) The Borrower and each of its Subsidiaries shall maintain insurance with respect to its properties and business and against such casualties and contingencies and in such types and such amounts as shall be in accordance with sound business practices which are standard in the industry and in accordance with any express requirements of Governmental Authorities, where applicable, including the right to self-insure and/or co-insure with respect to any of the insurance required to be maintained by the Borrower pursuant to this paragraph.. RBC – AltaLink (AILP) – 2020 Amended and Restated Credit Agreement
Appears in 1 contract
Samples: Assignment and Assumption (Midamerican Funding LLC)
Insurance and Insurance Proceeds. (a) The Borrower and each of its Subsidiaries shall maintain insurance with respect to its properties and business and against such casualties and contingencies and in such types and such amounts as shall be in accordance with sound business practices which are standard in the industry and in accordance with any express requirements of Governmental Authorities, where applicable, including the right to self-insure and/or co-insure with respect to any of the insurance required to be maintained by the Borrower pursuant to this paragraph.. RBC – AltaLink (AILP) – 2016 Credit Agreement
Appears in 1 contract
Samples: Credit Agreement (Pacificorp /Or/)
