Insurance; Damage to or Destruction of Collateral. (a) The Borrower shall, at its sole cost and expense, maintain the policies of insurance described on Disclosure Schedule (3.18) as in effect on the date hereof in form and with insurers acceptable to Agent. If Borrower at any time or times hereafter shall fail to obtain or maintain any of the policies of insurance required above or to pay all premiums relating thereto, Agent may at any time or times thereafter obtain and maintain such policies of insurance and pay such premiums and take any other action with respect thereto which Agent deems advisable. Agent shall have no obligation to obtain insurance for Borrower or pay any premiums therefor. By doing so, Agent shall not be deemed to have waived any Default or Event of Default arising from Borrower's failure to maintain such insurance or pay any premiums therefor. All sums so disbursed, including attorneys' fees, court costs and other charges related thereto, shall be payable on demand by Borrower to Agent and shall be additional Obligations hereunder secured by the Collateral.
Appears in 1 contract
Samples: Credit Agreement (Green Mountain Coffee Roasters Inc)
Insurance; Damage to or Destruction of Collateral. (a) The Borrower Credit Parties shall, at its their sole cost and expense, maintain the policies of insurance described on Disclosure Schedule (3.18) as in effect on the date hereof 3.18 in form and with insurers acceptable to Agentrecognized as adequate by Lender. If Borrower any Credit Party at any time or times hereafter shall fail to obtain or maintain any of the policies of insurance required above or to pay all premiums relating thereto, Agent Lender may at any time or times thereafter obtain and maintain such policies of insurance and pay such premiums and take any other action with respect thereto which Agent Lender deems advisable. Agent Lender shall have no obligation to obtain insurance for Borrower any Credit Party or pay any premiums therefor. By doing so, Agent Lender shall not be deemed to have waived any Default or Event of Default arising from Borrowerany Credit Party's failure to maintain such insurance or pay any premiums therefor. All sums so disbursed, including attorneys' fees, court costs and other charges related thereto, shall be payable on demand by Borrower to Agent Lender and shall be additional Obligations hereunder secured by the Collateral.
Appears in 1 contract
Samples: Credit Agreement (Key Tronic Corp)
Insurance; Damage to or Destruction of Collateral. (a) The Borrower Credit Parties shall, at its their sole cost and expense, maintain the policies of insurance described on Disclosure Schedule (3.18) as in effect on the date hereof in form and with insurers acceptable to recognized as adequate by Agent. If Borrower any Credit Party at any time or times hereafter shall fail to obtain or maintain any of the policies of insurance required above or to pay all premiums relating thereto, Agent may at any time or times thereafter obtain and maintain such policies of insurance and pay such premiums and take any other action with respect thereto which Agent deems advisable. Agent shall have no obligation to obtain insurance for Borrower any Credit Party or pay any premiums therefor. By doing so, Agent shall not be deemed to have waived any Default or Event of Default arising from Borrowerany Credit Party's failure to maintain such insurance or pay any premiums therefor. All sums so disbursed, including attorneys' fees, court costs and other charges related thereto, shall be payable on demand by Borrower Borrowers to Collateral Agent and shall be additional Obligations hereunder secured by the Collateral.
Appears in 1 contract
Samples: Credit Agreement (Liposome Co Inc)
Insurance; Damage to or Destruction of Collateral. (a) The Borrower Consolidated Parties shall, at its their sole cost and expense, maintain the policies of insurance in accordance with the requirements described on Disclosure Schedule (3.18) as in effect on the date hereof 6.4 or otherwise in form and amounts and with insurers reasonably acceptable to Agent. If Borrower any Consolidated Party at any time or times hereafter shall fail to obtain or maintain any of the policies of insurance required above or to pay all premiums relating thereto, Agent may at any time or times thereafter obtain and maintain such policies of insurance and pay such premiums and take any other action with respect thereto which that Agent deems advisable. Agent shall have no obligation to obtain insurance for Borrower any Consolidated Party or pay any premiums therefor. By doing so, Agent shall not be deemed to have waived any Default or Event of Default arising from Borrower's any Consolidated Party’s failure to maintain such insurance or pay any premiums therefor. All sums so disbursed, including attorneys' legal fees, court costs and other charges related thereto, shall be payable on demand by Borrower to Agent and shall be additional Obligations hereunder secured by the Collateral.
Appears in 1 contract
Samples: Credit Agreement (Clean Harbors Inc)
Insurance; Damage to or Destruction of Collateral. (a) The Borrower Credit Parties shall, at its their sole cost and expense, maintain the policies of insurance described on Disclosure Schedule (3.18) as in effect on the date hereof or otherwise in form and amounts and with insurers acceptable to Agent. If Borrower any Credit Party at any time or times hereafter shall fail to obtain or maintain any of the policies of insurance required above or to pay all premiums relating thereto, Agent may at any time or times thereafter obtain and maintain such policies of insurance and pay such premiums and take any other action with respect thereto which Agent deems advisable. Agent shall have no obligation to obtain insurance for Borrower any Credit Party or pay any premiums therefor. By doing so, Agent shall not be deemed to have waived any Default or Event of Default arising from Borrowerany Credit Party's failure to maintain such insurance or pay any premiums therefor. All sums so disburseddisbursed by Agent, including attorneys' fees, court costs and other charges related thereto, shall be payable on demand by Borrower Borrowers to Agent and shall be additional Obligations hereunder secured by the Collateral.
Appears in 1 contract
Insurance; Damage to or Destruction of Collateral. (a) a The Borrower Credit Parties shall, at its their sole cost and expense, maintain the policies of insurance described on Disclosure Schedule DISCLOSURE SCHEDULE (3.183.19) as in effect on the date hereof or otherwise in form and amounts and with insurers acceptable to Agent. If Borrower any Credit Party at any time or times hereafter shall fail to obtain or maintain any of the policies of insurance required above or to pay all premiums relating thereto, Agent may at any time or times thereafter obtain and maintain such policies of insurance and pay such premiums and take any other action with respect thereto which Agent deems advisable. Agent shall have no obligation to obtain insurance for Borrower any Credit Party or pay any premiums therefor. By doing so, Agent shall not be deemed to have waived any Default or Event of Default arising from Borrowerany Credit Party's failure to maintain such insurance or pay any premiums therefor. All sums so disbursed, including attorneys' fees, court costs and other charges related thereto, shall be payable on demand by Borrower to Agent and shall be additional Obligations hereunder secured by the Collateral.
Appears in 1 contract
Insurance; Damage to or Destruction of Collateral. (a) The Borrower Credit Parties shall, at its their sole cost and expense, maintain the policies of insurance described on Disclosure Schedule (3.18) as in effect on the date hereof or otherwise in form and amounts and with insurers acceptable to Agent. If Borrower any Credit Party at any time or times hereafter shall fail to obtain or maintain any of the policies of insurance required above or to pay all premiums relating thereto, Agent may at any time or times thereafter obtain and maintain such policies of insurance and pay such premiums and take any other action with respect thereto which Agent deems advisable. Agent shall have no obligation to obtain insurance for Borrower any Credit Party or pay any premiums therefor. By doing so, Agent shall not be deemed to have waived any Default or Event of Default arising from Borrowerany Credit Party's failure to maintain such insurance or pay any premiums therefor. All sums so disbursed, including attorneys' fees, court costs and other charges related thereto, shall be payable on demand by Borrower Borrowers to Agent and shall be additional Obligations hereunder secured by the Collateral.
Appears in 1 contract
Insurance; Damage to or Destruction of Collateral. (a) The Borrower Credit Parties shall, at its their sole cost and expense, maintain the policies of insurance described on Disclosure Schedule (3.18) as in effect on the date hereof or otherwise in form and amounts and with insurers acceptable to AgentAgent as may be required pursuant to (b) below. If Borrower any Credit Party at any time or times hereafter shall fail to obtain or maintain any of the policies of insurance required above or to pay all premiums relating thereto, Agent may at any time or times thereafter obtain and maintain such policies of insurance and pay such premiums and take any other action with respect thereto which Agent deems advisable. Agent shall have no obligation to obtain insurance for Borrower any Credit Party or pay any premiums therefor. By doing so, Agent shall not be deemed to have waived any Default or Event of Default arising from Borrowerany Credit Party's failure to maintain such insurance or pay any premiums therefor. All sums so disbursed, including attorneys' fees, court costs and other charges related thereto, shall be payable on demand by Borrower to Agent and shall be additional Obligations hereunder secured by the Collateral.
Appears in 1 contract
Insurance; Damage to or Destruction of Collateral. (a) The Borrower Credit Parties shall, at its their sole cost and expense, maintain the policies of insurance described on Disclosure Schedule DISCLOSURE SCHEDULE (3.183.19) as in effect on the date hereof or otherwise in form and amounts and with insurers acceptable to Agent. If Borrower any Credit Party at any time or times hereafter shall fail to obtain or maintain any of the policies of insurance required above or to pay all premiums relating thereto, Agent may at any time or times thereafter obtain and maintain such policies of insurance and pay such premiums and take any other action with respect thereto which Agent deems advisable. Agent shall have no obligation to obtain insurance for Borrower any Credit Party or pay any premiums therefor. By doing so, Agent shall not be deemed to have waived any Default or Event of Default arising from Borrowerany Credit Party's failure to maintain such insurance or pay any premiums therefor. All sums so disbursed, including attorneys' fees, court costs and other charges related thereto, shall be payable on demand by Borrower to Agent and shall be additional Obligations hereunder secured by the Collateral.
Appears in 1 contract
Insurance; Damage to or Destruction of Collateral. (a) The Borrower Each Loan Parties shall, at its sole cost and expense, maintain the policies of insurance in such amounts and as otherwise described on Disclosure Schedule (3.18) as in effect on the date hereof Annex F in form and with insurers acceptable to recognized as adequate by Agent. If Borrower any Loan Party at any time or times hereafter shall fail to obtain or maintain any of the policies of insurance required above or to pay all premiums relating thereto, Agent may at any time or times thereafter obtain and maintain such policies of insurance and pay such premiums and take any other action with respect thereto which Agent deems advisable. Agent shall have no obligation to obtain insurance for Borrower any Loan Party or pay any premiums therefor. By doing so, Agent shall not be deemed to have waived any Default or Event of Default arising from Borrowerany Loan Party's failure to maintain such insurance or pay any premiums therefor. All sums so disbursed, including attorneys' fees, court costs and other charges related thereto, shall be payable on demand by Borrower to Agent and shall be additional Obligations hereunder secured by the Collateral.
Appears in 1 contract
Samples: Credit Agreement (International Comfort Products Corp)
Insurance; Damage to or Destruction of Collateral. (a) The Borrower Credit Parties shall, at its their sole cost and expense, maintain the policies of insurance described on Disclosure Schedule in DISCLOSURE SCHEDULE (3.18) as in effect on the date hereof in form and with insurers reasonably acceptable to Agent. If Borrower any Credit Party at any time or times hereafter shall fail to obtain or maintain any of the policies of insurance required above above, or to pay all premiums relating thereto, Agent may at any time or times thereafter obtain and maintain such policies of insurance and pay such premiums and take any other action with respect thereto which that Agent deems advisable. Agent shall have no obligation to obtain insurance for Borrower any Credit Party or pay any premiums therefor. By doing so, Agent shall not be deemed to have waived any Default or Event of Default arising from Borrowerany Credit Party's failure to maintain such insurance or pay any premiums therefor. All sums so disbursed, including attorneys' feesattorneys'fees, court costs and other charges related thereto, shall be payable on demand by Borrower Borrowers to Agent and shall be additional Obligations hereunder secured by the Collateral.
Appears in 1 contract
Samples: Credit Agreement (Track N Trail Inc)
Insurance; Damage to or Destruction of Collateral. (a) The Borrower Credit Parties shall, at its their sole cost and expense, maintain the policies of insurance described on Disclosure Schedule (3.18) as in effect on the date hereof in form and with insurers acceptable to AgentLender. If Borrower any Credit Party at any time or times hereafter shall fail to obtain or maintain any of the policies of insurance required above or to pay all premiums relating thereto, Agent Lender may at any time or times thereafter obtain and maintain such policies of insurance and pay such premiums and take any other action with respect thereto which Agent Lender deems advisable. Agent Lender shall have no obligation to obtain insurance for Borrower any Credit Party or pay any premiums therefor. By doing so, Agent Lender shall not be deemed to have waived any Default or Event of Default arising from Borrowerany Credit Party's failure to maintain such insurance or pay any premiums therefor. All sums so disbursed, including attorneys' fees, court costs and other charges related thereto, shall be payable on demand by Borrower Borrowers to Agent Lender and shall be additional Obligations hereunder secured by the Collateral.
Appears in 1 contract
Samples: Credit Agreement (Ringer Corp /Mn/)
Insurance; Damage to or Destruction of Collateral. (a) The Borrower Credit Parties shall, at its their sole cost and expense, maintain the policies of insurance described on in Disclosure Schedule (3.18) as in effect on the date hereof in form and with insurers reasonably acceptable to Agent. If Borrower any Credit Party at any time or times hereafter shall fail to obtain or maintain any of the policies of insurance required above above, or to pay all premiums relating thereto, Agent may at any time or times thereafter obtain and maintain such policies of insurance and pay such premiums and take any other action with respect thereto which that Agent deems advisable. Agent shall have no obligation to obtain insurance for Borrower any Credit Party or pay any premiums therefor. By doing so, Agent shall not be deemed to have waived any Default or Event of Default arising from Borrowerany Credit Party's failure to maintain such insurance or pay any premiums therefor. All sums so disbursed, including attorneys' fees, court costs and other charges related thereto, shall be payable on demand by Borrower Borrowers to Agent and shall be additional Obligations hereunder secured by the Collateral.
Appears in 1 contract
Samples: Credit Agreement (Itron Inc /Wa/)
Insurance; Damage to or Destruction of Collateral. (a) The Borrower Credit Parties shall, at its their sole cost and expense, maintain the policies of insurance described on in Disclosure Schedule (3.18) as in effect on the date hereof or otherwise in form and amounts and with insurers acceptable to Agent. If Borrower any Credit Party at any time or times hereafter shall fail to obtain or maintain any of the policies of insurance required above or to pay all premiums relating thereto, Agent may at any time or times thereafter obtain and maintain such policies of insurance and pay such premiums and take any other action with respect thereto which that Agent deems advisable. Agent shall have no obligation to obtain insurance for Borrower any Credit Party or pay any premiums therefor. By doing so, Agent shall not be deemed to have waived any Default or Event of Default arising from Borrowerany Credit Party's failure to maintain such insurance or pay any premiums therefor. All sums so disbursed, including attorneys' fees, court costs and other charges related thereto, shall be payable on demand by Borrower Borrowers to Agent and shall be additional Obligations hereunder secured by the Collateral.
Appears in 1 contract
Insurance; Damage to or Destruction of Collateral. (a) The Borrower Credit Parties shall, at its their sole cost and expense, maintain the policies of insurance described on Disclosure Schedule (3.18) as in effect on the date hereof or otherwise in form and amounts and with insurers acceptable to Agent. If Borrower any Credit Party at any time or times hereafter shall fail to obtain or maintain any of the policies of insurance required above or to pay all premiums relating thereto, Agent may at any time or times thereafter obtain and maintain such policies of insurance and pay such premiums and take any other action with respect thereto which Agent deems advisable. Agent shall have no obligation to obtain insurance for Borrower any Credit Party or pay any premiums therefor. By doing so, neither Agent nor any Lender shall not be deemed to have waived any Default or Event of Default arising from Borrower's any Credit Party’s failure to maintain such insurance or pay any premiums therefor. All sums so disbursed, including attorneys' ’ fees, court costs and other charges related thereto, shall be payable on demand by Borrower Borrowers to Agent and shall be additional Obligations hereunder secured by the Collateral.
Appears in 1 contract
Samples: Credit Agreement (Drugmax Inc)
Insurance; Damage to or Destruction of Collateral. (a) a. The Borrower Credit Parties shall, at its their sole cost and expense, maintain the policies of insurance described on Disclosure Schedule (3.18) 3.18 as in effect on the date hereof or otherwise in form and amounts and with insurers reasonably acceptable to Agent. If Borrower any Credit Party at any time or times hereafter shall fail to obtain or maintain any of the policies of insurance required above or to pay all premiums relating thereto, Agent may at any time or times thereafter obtain and maintain such policies of insurance and pay such premiums and take any other action with respect thereto which Agent reasonably deems advisable. Agent shall have no obligation to obtain insurance for Borrower any Credit Party or pay any premiums therefor. By doing so, Agent shall not be deemed to have waived any Default or Event of Default arising from Borrowerany Credit Party's failure to maintain such insurance or pay any premiums therefor. All sums so disbursed, including attorneys' fees, court costs and other charges related thereto, shall be payable within ten Business Days after demand, on demand by Borrower Borrowers to Agent and shall be additional Obligations hereunder secured by the Collateral.
Appears in 1 contract
Insurance; Damage to or Destruction of Collateral. (a) The Borrower Credit Parties shall, at its their sole cost and expense, maintain the policies of insurance described on Disclosure Schedule (3.18) as in effect on the date hereof 3.18 or substantially equivalent coverage in form and with insurers acceptable to reasonably recognized as adequate by Agent. If Borrower at any time or times hereafter shall fail to obtain or maintain any of the policies of insurance required above or to pay all premiums relating thereto, Agent may at any time or times thereafter obtain and maintain such policies of insurance and pay such premiums and take any other action with respect thereto which Agent deems reasonably advisable. Agent shall have no obligation to obtain insurance for Borrower any Credit Party or pay any premiums therefor. By doing so, Agent shall not be deemed to have waived any Default or Event of Default arising from Borrowerany Credit Party's failure to maintain such insurance or pay any premiums therefor. All sums so disbursed, including attorneys' fees, court costs and other charges related thereto, shall be payable on demand by Borrower to Agent and shall be additional Obligations hereunder secured by the Collateral.
Appears in 1 contract
Insurance; Damage to or Destruction of Collateral. (a) The Borrower Credit Parties shall, at its their sole cost and expense, maintain the policies of insurance described on Disclosure Schedule DISCLOSURE SCHEDULE (3.18) as in effect on the date hereof or otherwise in form and amounts and with insurers acceptable to Agent. If Borrower any Credit Party at any time or times hereafter shall fail to obtain or maintain any of the policies of insurance required above or to pay all premiums relating thereto, Agent may at any time or times thereafter obtain and maintain such policies of insurance and pay such premiums and take any other action with respect thereto which Agent deems advisable. Agent shall have no obligation to obtain insurance for Borrower any Credit Party or pay any premiums therefor. By doing so, Agent shall not be deemed to have waived any Default or Event of Default arising from Borrowerany Credit Party's failure to maintain such insurance or pay any premiums therefor. All sums so disbursed, including attorneys' fees, court costs and other charges related thereto, shall be payable on demand by Borrower Borrowers to Agent and shall be additional Obligations hereunder secured by the Collateral.
Appears in 1 contract
Insurance; Damage to or Destruction of Collateral. (a) The Borrower Credit Parties shall, at its their sole cost and expense, maintain the policies of insurance described on Disclosure Schedule (3.18) ), and such other policies as in effect on deemed prudent by the date hereof in form and with insurers acceptable to AgentCredit Parties. If Borrower any Credit Party at any time or times hereafter shall fail to obtain or maintain any of the policies of insurance required above or to pay all premiums relating thereto, Agent may at any time or times thereafter obtain and maintain such policies of insurance and pay such premiums and take any other action with respect thereto which Agent deems advisable. Agent shall have no obligation to obtain insurance for Borrower any Credit Party or pay any premiums therefor. By doing so, Agent shall not be deemed to have waived any Default or Event of Default arising from Borrowerany Credit Party's failure to maintain such insurance or pay any premiums therefor. All sums so disbursed, including attorneys' fees, court costs and other charges related thereto, shall be payable on demand by Borrower to Agent and shall be additional Obligations hereunder secured by the Collateral.
Appears in 1 contract
Insurance; Damage to or Destruction of Collateral. (a) The Borrower shall, Credit Parties shall at its their sole cost and expense, maintain the policies of insurance described on Disclosure Schedule (3.18) as in effect on -------------------------- the date hereof or otherwise in form and amounts and with insurers acceptable to Agent. If Borrower any Credit Party at any time or times hereafter shall fail to obtain or maintain any of the policies of insurance required above or to pay all premiums relating thereto, Agent may at any time or times thereafter obtain and maintain such policies of insurance and pay such premiums and take any other action with respect thereto which Agent deems advisable. Agent shall have no obligation to obtain insurance for Borrower any Credit Party or pay any premiums therefor. By doing so, Agent shall not be deemed to have waived any Default or Event of Default arising from Borrowerany Credit Party's failure to maintain such insurance or pay any premiums therefor. All sums so disbursed, including attorneys' fees, court costs and other charges related thereto, shall be payable on demand by Borrower to Agent and shall be additional Obligations hereunder secured by the Collateral.
Appears in 1 contract