Insurance of Assets. Each insurable asset of the Group has at all material times been and is at the date of this agreement insured against each risk normally insured against by a prudent person operating the types of business operated by the Group.
Insurance of Assets. The Companies shall keep in full force and effect present insurance policies or other comparable insurance coverage with respect to the Leasehold Interests, their equipment and potential liabilities.
Insurance of Assets. So far as the Vendor is aware, each insurable asset of a Group Company has at all material times been and is at the date of this Agreement insured against all risks normally insured against by a reasonably prudent person operating the type of business operated by the relevant Group Company.
Insurance of Assets. 11.2.1 All Policies are and remain in full force and effect.
11.2.2 All Policies are adequate in respect of the assets to which such Policies relate.
Insurance of Assets. Seller currently has in effect the insurance coverage set forth in Exhibit 5.6 hereto. Except as set forth therein, to Seller's Knowledge, there are no claims pending under any such policies, nor have any events occurred which form the basis for any such claim.
Insurance of Assets. The Company has at all material times insured against risks normally insured against by a prudent person operating the types of business operated by the Company.
Insurance of Assets. 2.1 The Assets shall be insured and kept insured by the Mortgagor in the names of the Mortgagor and the Mortgagee jointly for their respective rights and interests against all risk of loss or damage from whatsoever cause arising including from fire, riots, strike, civil commotion, explosion, fire following riots and strike, storm, earthquake, political riot and against such other peril/s as are normal in the case of such assets and as the Mortgagee may from time to time stipulate, for a sum assured being not less than the full replacement value thereof as determined from time to time by the Mortgagee which amount is agreed to be the reasonable value thereof.
2.1.1 It is recorded that in the case of new policies effected in terms of this clause, the Mortgagor shall have the right to choose the insurer with which, and the intermediary through which, such insurance is effected.
2.1.2 If insurance is effected otherwise than through an intermediary approved by the Mortgagee, such insurance shall contain a provision to the effect that the same may not be cancelled by the insurer save on 30 (thirty) days written notice to the Mortgagee.
2.1.3 Every insurance policy effected in terms of this clause shall provide that all sums becoming payable thereunder shall, in the event of any loss, be paid by the insurer to the Mortgagee who, alone, shall be entitled to give good and valid receipts and discharges in respect thereof and such policy shall not restrict the rights or the Mortgagee against the insurer.
2.2 The Mortgagor hereby cedes, transfers, makes over and assigns to the Mortgagee all of its right to payment of any amount payable to the Mortgagee as contemplated in 2.1.
Insurance of Assets. All Policies are and remain in full force and effect, and as far as the Company is Aware, are adequate in respect of the assets to which such Policies relate.
Insurance of Assets. ABC and Treadco agree to maintain the current levels of insurance coverage on the Contributed Treadco Assets through the Closing Date.
Insurance of Assets. Goodyear agrees to maintain the current insurance coverage on the Contributed Goodyear Assets through the Closing Date.
