Insurance; Casualty. In addition to such title insurance as Borrower is required to maintain in respect of the Property, Borrower shall maintain or cause to be maintained insurance covering the Property, at Borrower’s sole expense, with licensed insurers approved by Lender, the following policies of insurance in form and substance satisfactory to Lender:
Insurance; Casualty. (a) Mortgagor, at its sole cost and expense, shall keep the Mortgaged Property insured during the term of this Mortgage for the mutual benefit of Mortgagor and Mortgagee against loss or damage by any peril covered by a standard "special perils" or "all-risk-of-physical-loss" insurance policy including, without limitation, riot and civil commotion, acts of terrorism, vandalism, malicious mischief, burglary, theft and mysterious disappearance in an amount (i) equal to at least one hundred percent (100%) of the then "full replacement cost" of the Improvements and Equipment, without deduction for physical depreciation and (ii) such that the insurer would not deem Mortgagor a coinsurer under such policies. The policies of insurance carried in accordance with this PARAGRAPH 3 shall be paid annually in advance and shall contain the "Replacement Cost Endorsement" with a waiver of depreciation, and shall have a deductible no greater than $10,000 unless so agreed by Mortgagee.
Insurance; Casualty. (a) The Borrower shall and shall cause each Subsidiary to maintain insurance with financially sound and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by Persons engaged in similar businesses and owning similar properties in the same general areas in which the Borrower or such Subsidiary operates, including, without limitation, public liability insurance, casualty insurance against loss or damage to its properties and assets and business interruption insurance.
Insurance; Casualty. 49 7.05 Liens................................................................. 49 7.06
Insurance; Casualty. ................................................... 4 4. Payment of Taxes, Etc. .................................................. 9 5.
Insurance; Casualty. (a) The Borrower shall and shall cause each Subsidiary to maintain, with financially sound and reputable insurance companies or associations, insurance with the same policy limits, coverage provisions, deductibles, co-insurance limits, waiting periods, and other requirements as contained within the policies the Borrower maintained on the Closing Date, including, without limitation, public liability insurance, property insurance against loss or damage to its Property, and business interruption insurance; provided that Borrower and its Subsidiaries may make changes to the insurance that existed on the Closing Date that cause (i) reductions in policy limits, (ii) decreases in coverage provisions, (iii) increases in deductibles or co-insurance limits, (iv) increases in waiting periods, or (v) material changes to any other provision, so long as any such change remains consistent with coverage provisions, deductibles, co-insurance limits, waiting periods, and other provisions that a prudently operated chemical or refining company with a single plant location financed with secured debt would maintain, as determined by a nationally recognized insurance broker or consultant (which may be the Borrower's insurance broker or consultant). The Borrower shall cause the Collateral Agent to be named loss payee on all of its and its Subsidiaries' property and business interruption insurance policies and additional insured on all of its and its Subsidiaries' liability insurance policies.
Insurance; Casualty. Borrower shall maintain or cause to be maintained insurance covering the Borrowing Base Properties in such amounts and covering such risks as is required pursuant to the Mortgage Documents or otherwise as required from time to time by Agent.
Insurance; Casualty. 7.1 Owner shall at all times during Owner’s ownership of the Property cause the Property to be insured with Causes of Loss – Special Form (formerly known as “All Risk”) property insurance in an amount not less than the full replacement cost of all improvements on the Property at the time of loss with like kind and quality (such amount may exceed the Previous Sales Price or Maximum Sales Price of the Property). Such insurance shall be provided by a carrier admitted to engage in the business of insurance in the state of Idaho. No policy will contain a deductible or self-insured retention in excess of three percent (3%) of the Previous Sales Price unless otherwise approved by BCHA. If requested by BCHA, Owner shall cause BCHA to be named as an additional insured as its interests may appear by endorsement acceptable to BCHA and shall promptly deliver to BCHA a copy of Owner’s insurance policy in conformance with this section. If the forms of policies required by this section are superseded or no longer available, BCHA will have the right to require other equivalent or better forms.
Insurance; Casualty. (a) Throughout the term of this Agreement, City shall carry and maintain in force, or cause to be carried and maintained in force, the insurance described below, the premiums for all of which shall be the sole cost and expense of City.
Insurance; Casualty. BMC, at its sole cost and expense, will maintain insurance coverage with respect to the Mortgaged Property of the types and in the amounts required by the Credit Agreement. If the Mortgaged Property shall be damaged or destroyed in whole or in part by casualty, BMC shall give prompt written notice to Mortgagee generally describing the nature and extent of such casualty, and all insurance proceeds to which Mortgagor may be entitled as a result of such casualty shall be distributed and applied in accordance with the Credit Agreement.
