Common use of Insurance; Condemnation Clause in Contracts

Insurance; Condemnation. (a) The Borrower and each Subsidiary Guarantor will, at its expense, procure and maintain for the benefit of the Borrower, each such Subsidiary Guarantor and the Agent, insurance policies issued by such insurance companies, in such amounts, in such form and substance, and with such coverages, endorsements, deductibles and expiration dates as are acceptable to the Agent, providing the following types of insurance covering each Mortgaged Property:

Appears in 7 contracts

Samples: Credit Agreement (GTJ Reit, Inc.), Credit Agreement (GTJ Reit, Inc.), Credit Agreement (GTJ REIT, Inc.)

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Insurance; Condemnation. (a) The Borrower and each Subsidiary Guarantor will, at its expense, procure and maintain maintain, or cause to be procured and maintained, for the benefit of the Borrower, each such Subsidiary Guarantor and the Agent, insurance policies issued by such insurance companies, in such amounts, in such form and substance, and with such coverages, endorsements, deductibles and expiration dates as are acceptable to the Agentrequired by this §7.7, providing the following types of insurance covering each Mortgaged Borrowing Base Property:

Appears in 3 contracts

Samples: Credit Agreement (Jernigan Capital, Inc.), Credit Agreement (Jernigan Capital, Inc.), Credit Agreement (Jernigan Capital, Inc.)

Insurance; Condemnation. (a) The Borrower and each Subsidiary Guarantor will, at its expense, procure and maintain for the benefit of the Borrower, each such Subsidiary Guarantor and the Agent, insurance policies issued by such insurance companies, in such amounts, in such form and substance, and with such coverages, endorsements, deductibles and expiration dates as are acceptable to the Agent, providing the following types of insurance covering each Mortgaged Borrowing Base Property:

Appears in 2 contracts

Samples: Credit Agreement (Condor Hospitality Trust, Inc.), Credit Agreement (Condor Hospitality Trust, Inc.)

Insurance; Condemnation. (a) The Borrower and each or the Subsidiary Guarantor Guarantors will, at its their expense, procure and maintain for the benefit of the Borrower, each such the Subsidiary Guarantor Guarantors and the Agent, insurance policies issued by such insurance companies, in such amounts, in such form and substance, and with such coverages, endorsements, deductibles and expiration dates as are reasonably acceptable to the Agent, taking into consideration the property size, use, and location that a commercially prudent lender would require, providing the following types of insurance covering each Mortgaged Propertyparcel of Real Estate:

Appears in 1 contract

Samples: Credit Agreement (Plymouth Industrial REIT Inc.)

Insurance; Condemnation. (a) The Borrower and each Subsidiary Guarantor will, at its expense, procure and maintain (or cause the same to be procured and maintained) for the benefit of the Borrower, each such Subsidiary Guarantor Guarantor, the Agent and the Agent, Lenders insurance policies issued by such insurance companies, in such amounts, in such form and substance, and with such coverages, endorsements, deductibles and expiration dates as are acceptable to the Agent, providing the following types of insurance covering each Mortgaged Borrowing Base Property:

Appears in 1 contract

Samples: Credit Agreement (Four Springs Capital Trust)

Insurance; Condemnation. (a) The Borrower and each Subsidiary Guarantor will, at its expense, procure and maintain for the benefit of the Borrower, each such Subsidiary Guarantor and the Agent, insurance policies issued by such insurance companies, in such amounts, in such form and substance, and with such coverages, endorsements, deductibles and expiration dates as are acceptable to the Agent, providing the following types of insurance covering each Mortgaged Borrowing Base Property:

Appears in 1 contract

Samples: Composite Credit Agreement (Condor Hospitality Trust, Inc.)

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Insurance; Condemnation. (a) The Borrower and each Subsidiary Guarantor will, at its expense, procure and maintain for the benefit of the Borrower, each such Subsidiary Guarantor and the Agent, insurance policies issued by such insurance companies, in such amounts, in such form and substance, and with such coverages, endorsements, deductibles and expiration dates as are acceptable to the Agent, providing the following types of insurance covering each Mortgaged Credit Support Property:

Appears in 1 contract

Samples: Credit Agreement (Monogram Residential Trust, Inc.)

Insurance; Condemnation. (a) The Borrower and each Subsidiary Guarantor will, at its expense, procure and maintain for the benefit of the Borrower, each such Subsidiary Guarantor and the Administrative Agent, insurance policies issued by such insurance companies, in such amounts, in such form and substance, and with such coverages, endorsements, deductibles and expiration dates as are acceptable to the Administrative Agent, providing the following types of insurance covering each Mortgaged Property:

Appears in 1 contract

Samples: Revolving Loan Agreement (Phillips Edison - ARC Shopping Center REIT Inc.)

Insurance; Condemnation. (a) The Borrower and each Subsidiary Guarantor that owns a Mortgaged Property will, at its expense, procure and maintain for the benefit of the Borrower, each such Subsidiary Guarantor and the Agent, insurance policies issued by such insurance companies, in such amounts, in such form and substance, and with such coverages, endorsements, deductibles and expiration dates as are acceptable to the Agent, providing the following types of insurance covering each Mortgaged Property:

Appears in 1 contract

Samples: Credit Agreement (Behringer Harvard Reit I Inc)

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