Common use of Insurance Covering Collateral Clause in Contracts

Insurance Covering Collateral. To maintain all risk property damage insurance policies covering the tangible property comprising the collateral. Each insurance policy must be in an amount acceptable to the Bank. The insurance must be issued by an insurance company acceptable to the Bank and must include a lender's loss payable endorsement in favor of the Bank in a form acceptable to the Bank.

Appears in 36 contracts

Samples: Loan Agreement (Video Display Corp), Business Loan Agreement (Cost Plus Inc/Ca/), Business Loan Agreement (Watsco Inc)

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Insurance Covering Collateral. To maintain all risk property damage insurance policies covering the tangible property comprising the collateralCollateral which is not less favorable to the Borrower than the Borrower’s existing insurance coverage as to amount, nature and carrier. Each insurance policy must be in an amount acceptable to for the Bankfull replacement cost of the Collateral and include a replacement cost endorsement. The insurance must be issued by an insurance company acceptable to the Bank Lender and must include a lender's ’s loss payable endorsement in favor of the Bank Lender in a form acceptable to the BankLender.

Appears in 3 contracts

Samples: Loan Agreement (Roadhouse Grill Inc), Loan Agreement (Roadhouse Grill Inc), Loan Agreement (Roadhouse Grill Inc)

Insurance Covering Collateral. To maintain all risk property damage insurance policies covering the tangible property comprising the collateral. Each insurance policy must be in an amount acceptable to for the Bankfull replacement cost of the collateral and include a replacement cost endorsement. The insurance must be issued by an insurance company acceptable to the Bank and must include a lender's loss payable endorsement in favor of the Bank in a form acceptable to the Bank.

Appears in 3 contracts

Samples: Credit Agreement (Cash Systems Inc), Loan Agreement (Decorize Inc), Business Loan Agreement (Media Arts Group Inc)

Insurance Covering Collateral. To maintain all risk property damage insurance policies covering the tangible property comprising the collateral. Each insurance policy must be in an amount reasonably acceptable to the Bank. The insurance must be issued by an insurance company reasonably acceptable to the Bank and must include a lender's loss payable endorsement in favor of the Bank in a form reasonably acceptable to the Bank.

Appears in 3 contracts

Samples: Business Loan Agreement (TRM Corp), Business Loan Agreement (TRM Corp), Business Loan Agreement (Mmi Medical Inc)

Insurance Covering Collateral. To maintain all all-risk property damage insurance policies covering the tangible property comprising the collateralCollateral. Each insurance policy must be in an amount acceptable to the Bank. The insurance must be issued by an insurance company acceptable to the Bank and must include a lender's ’s loss payable endorsement in favor of the Bank in a form acceptable to the Bank.

Appears in 3 contracts

Samples: Loan Agreement (Cumberland Pharmaceuticals Inc), Loan Agreement (Cumberland Pharmaceuticals Inc), Loan Agreement (Cumberland Pharmaceuticals Inc)

Insurance Covering Collateral. To If required by the Bank, to maintain all risk property damage insurance policies covering the tangible property comprising the collateral. Each such insurance policy required by the Bank must be in an amount acceptable to for the full replacement cost of the collateral and include a replacement cost endorsement. Such insurance (if required by the Bank. The insurance ) must be issued by an insurance company acceptable to the Bank and must include a lender's ’s loss payable endorsement in favor of the Bank in a form acceptable to the Bank.

Appears in 2 contracts

Samples: Loan Agreement (Point 360), Loan Agreement (Point.360)

Insurance Covering Collateral. To maintain all risk property ----------------------------- damage insurance policies covering the tangible property comprising the collateral. Each insurance policy must be in an amount acceptable to the Bank. The insurance must be issued by an insurance company acceptable to the Bank and must include a lender's loss payable endorsement in favor of the Bank in a form acceptable to the Bank.

Appears in 2 contracts

Samples: Business Loan Agreement (Impco Technologies Inc), Business Loan Agreement (Kinetics Group Inc)

Insurance Covering Collateral. To maintain all risk property damage insurance policies covering the tangible property comprising the collateral. Each insurance policy must be and include a replacement cost endorsement in an amount acceptable to the Bank. The insurance must be issued by an insurance company acceptable to the Bank and must include a lender's loss payable endorsement in favor of the Bank in a form acceptable to the Bank.

Appears in 2 contracts

Samples: Business Loan Agreement (Motorcar Parts & Accessories Inc), Loan Agreement (Mercury Air Group Inc)

Insurance Covering Collateral. To maintain all risk property damage insurance policies covering the tangible property comprising the collateral. Each insurance policy must be in an amount acceptable to the Bank. The insurance must be issued by an insurance company acceptable to the Bank and must include a lender's ’s loss payable endorsement in favor of the Bank in a form acceptable to the Bank.

Appears in 2 contracts

Samples: Loan Agreement (Jamba, Inc.), Loan Agreement (Sport Chalet Inc)

Insurance Covering Collateral. To maintain all risk property damage insurance policies covering the tangible property comprising the collateral. Each insurance policy must be in an amount acceptable to the Bank. The insurance must be issued by an insurance company acceptable to the Bank and must include a lender's loss payable endorsement in favor of the Bank in a form acceptable to the Bank.

Appears in 2 contracts

Samples: Business Loan Agreement (Advanced Machine Vision Corp), Business Loan Agreement (Advanced Machine Vision Corp)

Insurance Covering Collateral. To maintain all risk property damage insurance policies covering the tangible property comprising the collateral. Each insurance policy must be in an amount acceptable to for the Bankfull replacement cost of the collateral and include a replacement cost endorsement. The insurance must be issued by an insurance company acceptable to the Bank and must include a lender's ’s loss payable endorsement in favor of the Bank in a form acceptable to the Bank.

Appears in 2 contracts

Samples: Note and Agreement (Premier Exhibitions, Inc.), Loan Agreement (Annas Linen Co)

Insurance Covering Collateral. To maintain all risk property damage insurance policies covering the tangible property comprising the collateral. Each insurance policy must be in an amount acceptable to the BankBank (in the exercise of its Permitted Discretion). The insurance must be issued by an insurance company acceptable to the Bank (in the exercise of its Permitted Discretion) and must include a lender's ’s loss payable endorsement in favor of the Bank in a form acceptable to the BankBank (in the exercise of its Permitted Discretion).

Appears in 1 contract

Samples: Business Loan Agreement (Excelligence Learning Corp)

Insurance Covering Collateral. To maintain all risk property damage insurance policies covering the tangible property comprising the collateral. Each insurance policy must be in an amount acceptable to for the Bankfull replacement cost of the collateral and include a replacement cost endorsement. The insurance must be issued by an insurance company acceptable to the Bank and end must include a lender's loss payable endorsement in favor of the Bank in a form acceptable to the Bank.

Appears in 1 contract

Samples: Business Loan Agreement (Farr Co)

Insurance Covering Collateral. To If required by the Bank, to maintain all risk property damage insurance policies covering the tangible property comprising the collateral. Each such insurance policy required by the Bank must be in an amount acceptable to for the full replacement cost of the collateral and include a replacement cost endorsement. Such insurance (if required by the Bank. The insurance ) must be issued by an insurance company acceptable to the Bank and must include a lender's loss payable endorsement in favor of the Bank in a form acceptable to the Bank.

Appears in 1 contract

Samples: Loan Agreement (Point 360)

Insurance Covering Collateral. To maintain all risk property damage insurance policies covering the tangible property comprising the collateral. Each insurance policy must be in an amount acceptable to not less than the Bankamount of the Commitment. The insurance must be issued by an insurance company acceptable to the Bank and must include a lender's ’s loss payable endorsement in favor of the Bank in a form acceptable to the Bank.

Appears in 1 contract

Samples: Loan Modification Agreement (Zumiez Inc)

Insurance Covering Collateral. To maintain all risk property ----------------------------- damage insurance policies covering the tangible property comprising the collateralCollateral. Each insurance policy must be in an amount acceptable to the Bank. The insurance must be issued by an insurance company acceptable to the Bank and must include a lender's loss payable endorsement in favor of the Bank in a form acceptable to the Bank.

Appears in 1 contract

Samples: Business Loan Agreement (Image Entertainment Inc)

Insurance Covering Collateral. To maintain all risk property damage insurance policies covering the tangible property comprising the collateral. Each insurance policy must be in an amount acceptable to the BankAgent. The insurance must be issued Issued by an insurance company acceptable to the Bank Agent and must include a lender's loss payable endorsement in favor of the Bank Agent in a form acceptable to the BankAgent.

Appears in 1 contract

Samples: Revolving Credit Agreement (Quest Education Corp)

Insurance Covering Collateral. To maintain all risk property damage insurance policies covering the tangible property comprising the collateral. Each insurance policy must be in an amount acceptable to for the Bankfull replacement cost of the collateral and include a replacement cost endorsement. The insurance must be issued by an insurance company acceptable to the Bank and must include a lender's loss payable endorsement in favor of the Bank in a form acceptable to the Bank.

Appears in 1 contract

Samples: Business Loan Agreement (Mobility Electronics Inc)

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Insurance Covering Collateral. To maintain all risk property damage insurance policies covering the tangible property comprising the collateral. Each insurance policy must be in an amount acceptable to the Bank. The insurance must be issued by an insurance company acceptable to the Bank and must include a lender's loss payable endorsement in favor of the Bank in a form acceptable to the Bank.

Appears in 1 contract

Samples: Business Loan Agreement (Gardenburger Inc)

Insurance Covering Collateral. To maintain all risk property damage insurance policies covering the tangible property comprising the collateral. Each insurance policy must be in an amount reasonably acceptable to the Bank. The insurance must be issued by an insurance company reasonably acceptable to the Bank and must include a lender's ’s loss payable endorsement in favor of the Bank in a form reasonably acceptable to the Bank.

Appears in 1 contract

Samples: Business Loan Agreement (TRM Corp)

Insurance Covering Collateral. To maintain all risk property damage insurance policies covering the tangible property comprising the collateral. Each insurance policy must be in an amount acceptable to for the Bankfull value of the collateral. The insurance must be issued by an insurance company acceptable to the Bank and must include a lender's ’s loss payable endorsement in favor of the Bank in a form acceptable to the Bank.

Appears in 1 contract

Samples: Loan Agreement (Radiant Logistics, Inc)

Insurance Covering Collateral. To maintain all risk property damage insurance policies covering the tangible property comprising the collateralCollateral. Each insurance policy must be in an amount acceptable to the Bank. The insurance must be issued by an insurance company acceptable to the Bank and must include a lender's loss payable endorsement in favor of the Bank in a form acceptable to the Bank.

Appears in 1 contract

Samples: Automobile Flooring and Security Agreement (United Auto Group Inc)

Insurance Covering Collateral. To maintain all risk property damage insurance policies covering the tangible property comprising the collateral. Each insurance policy must be [in an amount acceptable to the Bank. .] The insurance must be issued by an insurance company acceptable to the Bank and must include a lender's loss payable endorsement in favor of the Bank in a form acceptable to the Bank.

Appears in 1 contract

Samples: Business Loan Agreement (Ashworth Inc)

Insurance Covering Collateral. To maintain all risk property damage insurance policies covering the tangible property comprising the collateralCollateral. Each insurance policy must be in an amount acceptable to for the Bankfull replacement cost of the Collateral and include a replacement cost endorsement. The insurance must be issued by an insurance company reasonably acceptable to the Bank and must include a lender's loss payable endorsement in favor of the Bank in a form acceptable to the Bank.

Appears in 1 contract

Samples: Commercial Loan Agreement (Compass Plastics & Technologies Inc)

Insurance Covering Collateral. To maintain all all-risk property damage insurance policies covering the tangible property comprising the collateral. Each insurance policy must be in an amount acceptable to the Bank. The insurance must be issued by an insurance company acceptable to the Bank and must include a lender's ’s loss payable endorsement in favor of the Bank in a form acceptable to the Bank.

Appears in 1 contract

Samples: Loan Agreement (Cumberland Pharmaceuticals Inc)

Insurance Covering Collateral. To maintain all risk property damage insurance policies covering the tangible property comprising the collateral. Each insurance policy must be in an amount acceptable to the Bank. The insurance must be issued by an insurance company acceptable to the Bank and must include a lender's loss payable endorsement in favor of the Bank in a form acceptable to the Bank.

Appears in 1 contract

Samples: Business Loan Agreement (Lec Technologies Inc)

Insurance Covering Collateral. To maintain all risk property damage insurance policies covering the tangible property comprising the collateral. Each insurance policy must be in an amount acceptable to the Bank. The insurance must be issued by an insurance company acceptable to the Bank and must include a lender's loss payable endorsement in favor of name the Bank in a form acceptable to the Bankas loss payee.

Appears in 1 contract

Samples: Secured Business Loan Agreement (Greg Manning Auctions Inc)

Insurance Covering Collateral. To maintain Maintain all risk property damage insurance policies against loss or damage of the kinds customarily insured against by entities engaged in the same or similar business covering the tangible property comprising the collateral. Each insurance policy must be in an amount acceptable to the Bank. The insurance must be issued by an insurance company acceptable to the Bank and must include a lender's loss payable endorsement in favor of the Bank in a form acceptable to the Bank.

Appears in 1 contract

Samples: Credit Agreement (Tejon Ranch Co)

Insurance Covering Collateral. To maintain all risk property damage insurance policies covering the tangible property comprising the collateralCollateral. Each insurance policy must be in an amount acceptable to the Bank. The insurance must be issued by an insurance company acceptable to the Bank and must include a lender's loss payable endorsement in favor of the Bank in a form acceptable to the Bank.

Appears in 1 contract

Samples: Commercial Loan Agreement (Arlen Corp)

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