Insurance by the Borrower. The Borrower shall procure at its own expense and maintain in full force and effect at all times on and after the Closing Date, and continuing throughout the term of this Agreement insurance policies with responsible insurance companies authorized to do business in Chile with (i) a Best Insurance Reports rating of "A-" or better and an financial size category of "IX" or higher, (ii) or if not rated by Best a Standard & Poor's financial strength rating of "BBB" or higher, (iii) or other companies acceptable to the Senior Lenders. Insurance policies shall be maintained with limits and coverage provisions customary for companies of the size and conducting business similar to that of the Borrower, but in no event less than the limits and coverage provisions set forth in Exhibit A to this Agreement, the terms of such Exhibit A shall be those agreed by the Borrower and Senior Lenders from time to time.
Insurance by the Borrower. The Borrower shall effect and maintain or cause to be effected and maintained in full force and effect at all times on and after the Closing Date (unless otherwise specified below) and continuing throughout the term of this Agreement (unless otherwise specified below) insurance policies with insurance companies (i) having an A.M. Best Insurance Reports rating of “A-” or better and a financial size category of “VIII” or higher, or (ii) having a Standard & Poor’s financial strength rating of “A-” or higher, or (iii) otherwise acceptable to the Facility Agent. Such insurance policies shall contain limits and coverage provisions sufficient to satisfy the express, insurance-related requirements set forth in each of the Project Documents, but in no event less than the limits and coverage provisions set forth below. If an insurance company cannot meet the requirements of the above subsections (i) or (ii), the Facility Agent may require that all or part of the risk be reinsured (in which case the minimum requirements for any reinsurance policies, including limits and coverage provisions, shall be equivalent to the minimum requirements for insurance policies pursuant to this Schedule 8) and that an assignment of reinsurance be put in effect that allows the Borrower or the Finance Parties direct access to any reinsurers for direct payment of premiums and losses; provided that, the provisions of any such assignment of reinsurance, shall be subject to the approval of the Facility Agent (which approval shall not be unreasonably withheld) and any such reinsurers shall also be subject to the same financial approval standards as outlined above in subsections (i) and (ii).
Insurance by the Borrower. The Borrower shall procure at its own expense and maintain in full force and effect at all times on and after the Closing Date (except for the builder's risk and delayed startup insurance) and continuing throughout the term of this Credit Agreement insurance policies with responsible insurance companies authorized to do business in the Province of Prinxx Xxxxxx Xxxand with a Best Insurance Reports rating of `A-' or better and a financial size category of `IX' or higher or if not rated by Best a Standard & Poor's claims paying ability rating of `A' or higher (and other companies acceptable to the Administrative Agent), with limits and coverage provisions sufficient to satisfy the requirements set forth in each of the Project Documents, but in no event less than the limits and coverage provisions set forth below:
Insurance by the Borrower. The Borrower shall procure at its own expense and maintain in full force and effect throughout the term of this Agreement (unless otherwise specified below) insurance policies with responsible insurance companies with (i) a Best Insurance Reports rating of "A-" or better and an financial size category of "IX" or higher, (ii) or a S & P financial strength rating of ABBB+@ or higher, (iii) or other companies acceptable to the Collateral Agent, with limits and coverage provisions sufficient to satisfy the requirements set forth in each of the Project Documents, but in no event less than the limits and coverage provisions set forth below.
Insurance by the Borrower. The Borrower shall procure or cause another Person to procure and maintain in full force and effect at all times on and after the Closing Date (unless otherwise specified below) and continuing throughout the term of this Agreement (unless otherwise specified below) insurance policies with insurance companies authorized to do business in Louisiana (if required by law or regulation) with (i) a Best Insurance Reports rating of “A-” or better and a financial size category of “IX” or higher, (ii) a Standard & Poor’s financial strength rating of “BBB+” or higher, or (iii) other companies acceptable to the Agent, with limits and coverage provisions sufficient to satisfy the requirements set forth in each of the Material Project Documents, but in no event less than the limits and coverage provisions set forth below.
