Common use of Insurance by Trustee Clause in Contracts

Insurance by Trustee. (a) The Trustee shall not be under any obligation to insure any of the Secured Property, to require any other Person to maintain any insurance or to verify any obligation to arrange or maintain insurance contained in the Transaction Documents. The Trustee shall not be responsible for any loss which may be suffered by any Person as a result of the lack of or inadequacy of any such insurance. (b) If the Trustee is named on any insurance policy as an insured party, it shall not be responsible for any loss which may be suffered by reason of, directly or indirectly, its failure to notify the insurers of any material fact relating to the risk assumed by the insurers or any other information of any kind, unless any Secured Party has requested it to do so in writing and the Trustee has failed to do so within fourteen days after receipt of that request.

Insurance by Trustee. (a) The Trustee shall not be under any obligation to insure any of the Secured Charged Property, to require any other Person person to maintain any insurance or to verify any obligation to arrange or maintain insurance contained in the Transaction Finance Documents. The Trustee shall not be responsible for any loss which may be suffered by any Person person as a result of the lack of or inadequacy of any such insurance. (b) If Where the Trustee is named on any insurance policy as an insured party, it shall not be responsible for any loss which may be suffered by reason of, directly or indirectly, its failure to notify the insurers of any material fact relating to the risk assumed by the insurers or any other information of any kind, unless any Secured Party has requested it to do so in writing and the Trustee has failed to do so within fourteen days after receipt of that request.

Insurance by Trustee. (a) 27.9.1 The Trustee shall not be under any obligation to insure any of the Secured PropertyCash Collateral, to require any other Person person to maintain any insurance or to verify any obligation to arrange or maintain insurance contained in the Transaction Finance Documents. The Trustee shall not be responsible for any loss which may be suffered by any Person person as a result of the lack of or inadequacy of any such insurance. (b) If 27.9.2 Where the Trustee is named on any insurance policy as an insured party, it shall not be responsible for any loss which may be suffered by reason of, directly or indirectly, its failure to notify the insurers of any material fact relating to the risk assumed by the insurers or any other information of any kind, unless any Secured Party has requested it to do so in writing and the Trustee has failed to do so within fourteen days after receipt of that request.

Insurance by Trustee. (a) The Trustee shall not be under any obligation to insure any of the Secured PropertyCash Collateral, to require any other Person person to maintain any insurance or to verify any obligation to arrange or maintain insurance contained in the Transaction Finance Documents. The Trustee shall not be responsible for any loss which may be suffered by any Person person as a result of the lack of or inadequacy of any such insurance. (b) If Where the Trustee is named on any insurance policy as an insured party, it shall not be responsible for any loss which may be suffered by reason of, directly or indirectly, its failure to notify the insurers of any material fact relating to the risk assumed by the insurers or any other information of any kind, unless any Secured Party has requested it to do so in writing and the Trustee has failed to do so within fourteen days after receipt of that request.

Insurance by Trustee. (a) The Trustee shall not be under any obligation to insure any of the Secured Charged Property, to require any other Person person to maintain any insurance or to verify any obligation to arrange or maintain insurance contained in the Transaction Loan Documents. The Trustee shall not be responsible for any loss which may be suffered by any Person person as a result of the lack of or inadequacy of any such insurance. (b) If Where the Trustee is named on any insurance policy as an insured party, it shall not be responsible for any loss which may be suffered by reason of, directly or indirectly, its failure to notify the insurers of any material fact relating to the risk assumed by the insurers or any other information of any kind, unless any Secured Party has shall have requested it to do so in writing and the Trustee has shall have failed to do so within fourteen days after receipt of that request.

Insurance by Trustee. (a) 28.9.1 The Trustee shall not be under any obligation to insure any of the Secured Charged Property, to require any other Person person to maintain any insurance or to verify any obligation to arrange or maintain insurance contained in the Transaction Finance Documents. The Trustee shall not be responsible for any loss which may be suffered by any Person person as a result of the lack of or inadequacy of any such insurance. (b) If 28.9.2 Where the Trustee is named on any insurance policy as an insured party, it shall not be responsible for any loss which may be suffered by reason of, directly or indirectly, its failure to notify the insurers of any material fact relating to the risk assumed by the insurers or any other information of any kind, unless any Secured Party has requested it to do so in writing and the Trustee has failed to do so within fourteen days after receipt of that request.