Insurance Covering Collateral. To maintain all risk property damage insurance policies (including without limitation windstorm coverage, and hurricane coverage as applicable) covering the tangible property comprising the collateral. Each insurance policy must be for the full 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 10 contracts
Samples: Loan Agreement (Mechanical Technology Inc), Loan Agreement (Lifeloc Technologies, Inc), Loan Agreement (Lifeloc Technologies, Inc)
Insurance Covering Collateral. To maintain all risk property damage insurance policies (including without limitation windstorm coverage, and hurricane coverage as applicable) covering the tangible property comprising the collateral. Each insurance policy must be for the full 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 9 contracts
Samples: Loan Agreement (Lapolla Industries Inc), Loan Agreement (Technical Communications Corp), Loan Agreement (Schmitt Industries Inc)
Insurance Covering Collateral. To maintain all risk property damage insurance policies (including without limitation windstorm coverage, and hurricane coverage as applicable) covering the tangible property comprising the collateral. Each insurance policy must be for in an amount acceptable to the full replacement cost of the collateral and include a replacement cost endorsementBank. 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 4 contracts
Samples: Loan Agreement (Annie's, Inc.), Loan Agreement (Game Trading Technologies, Inc.), Loan Agreement (Super Micro Computer, Inc.)
Insurance Covering Collateral. To maintain all risk property damage insurance policies (including without limitation windstorm coverage, flood coverage, and hurricane coverage as applicable) covering the tangible property comprising the collateral. Each insurance policy must be for in an amount acceptable to the full replacement cost of the collateral and include a replacement cost endorsementBank. 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 (Zynex Inc), Loan Agreement (Graham Corp), Credit Agreement (Bowman Consulting Group Ltd.)
Insurance Covering Collateral. To maintain all risk property damage insurance policies (including without limitation windstorm coverage, flood coverage, and hurricane coverage as applicable) covering the tangible property comprising the collateral. Each insurance policy must be for the full 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 2 contracts
Samples: Loan Agreement (Solitron Devices Inc), Loan Agreement (Thorne Healthtech, Inc.)
Insurance Covering Collateral. To maintain all risk property damage insurance policies (including without limitation windstorm coverage, flood coverage, and hurricane coverage as applicable) covering the tangible property comprising the collateral. Each insurance policy must be for in an amount acceptable to the full replacement cost of the collateral and include a replacement cost endorsementBank. 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: Loan Agreement (HireQuest, Inc.), Loan Agreement (CUI Global, Inc.)
Insurance Covering Collateral. To Each of the Borrower and its Subsidiaries shall maintain all risk property damage insurance policies (including without limitation windstorm coverage, coverage and hurricane coverage as applicable) covering the tangible property comprising the collateral. Each insurance policy must be for the full 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.
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Insurance Covering Collateral. To maintain all risk property damage insurance policies (including without limitation windstorm coverage, flood coverage, and hurricane coverage as applicableif advisable for the location of the collateral) covering the tangible property comprising the collateral. Each insurance policy must be for in an amount reasonably acceptable to the full replacement cost of the collateral and include a replacement cost endorsementBank. The insurance must be issued by an insurance company reasonably acceptable to the Bank and Xxxxxxxx’s primary property insurance policy must include a mortgagee or 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 (Lifevantage Corp)
Insurance Covering Collateral. To maintain all risk property damage insurance policies (including without limitation windstorm coverage, and hurricane coverage as applicable) covering the tangible property comprising the collateral. Each insurance policy must be for in an amount acceptable to the full replacement cost of the collateral and include a replacement cost endorsementBank. 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 (Mexco Energy Corp)
Insurance Covering Collateral. To maintain Maintain all risk property damage insurance policies (including without limitation windstorm coverage, and hurricane coverage as applicable) covering the tangible property comprising the collateralCollateral. Each insurance policy must be for the full replacement cost of the collateral 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: Loan Agreement (Versar Inc)
Insurance Covering Collateral. To maintain all risk property damage insurance policies (including without limitation windstorm coverage, and hurricane coverage as applicable) covering the tangible property comprising the collateral. Each insurance policy must be for the full replacement cost of the collateral and include a replacement cost endorsement. The insurance must be issued by an insurance 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.
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Insurance Covering Collateral. To maintain all risk property damage insurance policies (including without limitation flood coverage, windstorm coverage, and hurricane coverage as applicable) covering the tangible property comprising the collateral. Each insurance any Collateral and to cause each such policy must to be for the full replacement cost of the collateral and include a replacement cost endorsement. The insurance must be issued by an insurance company acceptable endorsed to name the Bank as lender loss payee and must include a lender's loss payable endorsement in favor of the Bank additional insured in a form acceptable to the Bank. Such insurance shall be in form, amounts, coverages and basis reasonably acceptable to the Bank, shall require losses to be paid on a replacement cost basis, and shall be issued by insurance companies acceptable to the Bank.
Appears in 1 contract
Samples: Master Credit Agreement (American Rebel Holdings Inc)
Insurance Covering Collateral. To maintain all risk property damage insurance policies (including without limitation windstorm coverage, and hurricane coverage as applicable) covering the tangible property comprising the collateralCollateral. Each insurance policy must be for the full replacement cost of the collateral 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 reasonably acceptable to the Bank.
Appears in 1 contract
Samples: Loan Agreement (Immunomedics Inc)
Insurance Covering Collateral. To maintain all risk property damage insurance policies (including without limitation windstorm coverage, flood coverage, and hurricane coverage as applicable) covering the tangible property comprising the collateralCollateral. Each insurance policy must be for in an amount acceptable to the full replacement cost of the collateral and include a replacement cost endorsementLender. 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.
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Insurance Covering Collateral. To maintain all risk property damage insurance policies (including without limitation windstorm coverage, flood coverage, and hurricane coverage as applicableif advisable for the location of the collateral) covering the tangible property comprising the collateral. Each insurance policy must be for in an amount reasonably acceptable to the full replacement cost of the collateral and include a replacement cost endorsementBank. The insurance must be issued by an insurance company reasonably acceptable to the Bank and Bank. Borrower’s primary property insurance policy must include a mortgagee or lender's ’s loss payable endorsement in favor of the Bank in a form acceptable to the Bank.
Appears in 1 contract
Insurance Covering Collateral. To maintain all risk property damage insurance policies (including without limitation windstorm coverage, and hurricane coverage as applicable) covering the tangible property comprising the collateral. Each insurance policy must be for the full 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: Loan Agreement (Vertex Energy Inc.)
Insurance Covering Collateral. To maintain all risk property damage insurance policies (including without limitation windstorm coverage, and hurricane coverage as applicable) covering the tangible property comprising the collateral. Each insurance policy must be for the full 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: Loan Agreement (Air T Inc)
Insurance Covering Collateral. To maintain Maintain all risk property damage insurance policies (including without limitation windstorm coverage, and hurricane coverage as applicable) covering the tangible property comprising the collateralCollateral. Each insurance policy must be for the full replacement cost of the collateral 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 1 contract
Samples: Loan Agreement (Vocus, Inc.)
Insurance Covering Collateral. To maintain all risk property damage insurance policies (including without limitation windstorm coverage, and hurricane coverage as applicable) covering the tangible property comprising the collateralCollateral. Each insurance policy must be for the full replacement cost of the collateral 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.
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Insurance Covering Collateral. To maintain all risk property damage insurance policies (including without limitation windstorm coverage, and hurricane coverage as applicable) covering the tangible property comprising the collateral. Each insurance policy must be for the full replacement cost of the ***Ins covering collateral and include a replacement cost endorsementMC***. 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
Insurance Covering Collateral. To maintain all risk property damage insurance policies (including without limitation windstorm coverage, flood coverage, and hurricane coverage as applicable) covering the tangible property comprising the collateral. Each insurance policy must be for the full 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 1 contract
Samples: Loan Agreement (R F Industries LTD)
Insurance Covering Collateral. To maintain all risk property damage insurance policies (including without limitation windstorm coverage, and hurricane coverage as applicable) covering the tangible property comprising the collateral. Each insurance policy must be for the full replacement cost of the this 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 forma acceptable to the Bank.
Appears in 1 contract
Insurance Covering Collateral. To maintain all risk property damage insurance policies (including without limitation windstorm coverage, flood coverage, and hurricane coverage as applicable) covering the tangible property comprising the collateral. Each insurance policy must be for the full replacement cost of the collateral 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: Loan Agreement (HF Foods Group Inc.)