Insurance Default. If Tenant fails to maintain the required insurance, it is a Curable Default and the cure period is three business days after the date the failure occurs.
Insurance Default. The failure of Seller to maintain and provide acceptable evidence of the required insurance for the required period of coverage as set forth in Appendix F.
Insurance Default. The failure of Seller to maintain and provide acceptable evidence of the required insurance for the required period of coverage as set forth in Appendix F. if such failure is not cured within fifteen (15) Business Days after receipt of notice thereof from the Buyer.
Insurance Default. In the event Grantor, at any time, fails to provide Beneficiary with evidence of the insurance coverage as required by this Deed of Trust, Beneficiary may (if so directed in writing by the Holders of not less than 25% of the aggregate principal amount of the Notes at the time outstanding voting as a single class), upon not less than thirty (30) days’ prior written notice (except in the case of an emergency (including, without limitation, the existence at such point in time of no valid or operative coverage), in which case Beneficiary shall use its commercially reasonable efforts to give such prior or simultaneous written notice as is possible in the circumstances), purchase the insurance coverage at Grantor’s expense to protect Beneficiary’s interests in the Security Property (it being understood that Beneficiary shall have no duty or be under any obligation to procure same, and, in any event, Beneficiary shall only procure such insurance if and to the extent so requested in writing by the Holders of not less than 25% of the aggregate principal amount of the Notes at the time outstanding voting as a single class). Such insurance may, but need not, protect Grantor’s interests, and Beneficiary shall be under no obligation to so protect Grantor’s interests. The insurance coverage that Beneficiary purchases on behalf of Grantor may not pay any claim that Grantor makes or any claim that is made against Grantor in connection with the Security Property. Grantor may later cancel any insurance coverage purchased by Beneficiary, but only after providing Beneficiary with evidence that insurance coverage has been obtained as provided for in this Beneficiary. In the event Beneficiary purchases all or any portion of the insurance coverage for the Security Property or as otherwise required hereunder, Grantor will be responsible for all costs and expenses of such insurance coverage, including, but not limited to, interest imposed by Beneficiary in connection with the purchase of the insurance coverage, until the effective date of the cancellation or expiration of the insurance coverage. The costs and expenses of any insurance coverage purchased by Beneficiary shall be added to Note Obligations secured hereby. Grantor acknowledges that the cost of the insurance coverage purchased by Beneficiary pursuant hereto may be more than the cost of insurance such Grantor may be able to obtain on its own.
Insurance Default. The failure of Seller to maintain and provide acceptable evidence of Insurance, if such failure is not cured within five (5) Business Days after receipt of notice thereof from Buyer.
Insurance Default. In the event that this rental account becomes past due, the insurance coverage will be void. In such a case, if the instrument is lost, stolen or damaged, the Renter will be liable for the full amount of any damage incurred or, in the event of a total loss, 80% of the full retail replacement value of the instrument.
Insurance Default. The failure of Seller to maintain and provide acceptable evidence of Insurance unless cured within five (5) days.
Insurance Default. The failure of Seller to (i) maintain and provide acceptable evidence of the required Insurance for the required period of coverage as set forth in Appendix D that is not cured within three (3) days after receipt of notice of such failure from Buyer or (ii) provide acceptable evidence of Insurance that is in full force and effect, which failure is not remedied by both (A) the provision to Buyer of electronic evidence of such Insurance within two
Insurance Default. The failure of Seller or any Project Company to maintain and provide acceptable evidence of Insurance unless cured within ten (10) days.
Insurance Default. The failure of Seller to maintain and provide the required insurance for the required period of coverage as set forth in Appendix E that is not cured within ten (10) days after receipt of written notice thereof from the Buyer.
