Insurance of Collateral. (i) Grantor, at its expense, shall keep the Collateral insured against loss or damage by fire, theft, explosion, sprinklers, and all other hazards and risks, and in such amounts, as ordinarily insured against by other owners in similar businesses conducted in the locations where Grantor’s business is conducted on the date hereof. Grantor shall also maintain liability and other insurance in amounts and of a type that are customary to businesses similar to Grantor’s.
Appears in 14 contracts
Samples: Security Agreement (Upland Software, Inc.), Security Agreement (Upland Software, Inc.), Security Agreement (Upland Software, Inc.)
Insurance of Collateral. (i) Grantor, at its expense, shall keep the Collateral insured against loss or damage by fire, theft, explosion, sprinklers, and all other hazards and risks, and in such amounts, as ordinarily insured against by other owners in similar businesses conducted in the locations where Grantor’s business is conducted on the date hereof. Grantor shall also maintain liability insurance relating to Grantor’s ownership and other insurance use of the Collateral in amounts and of a type that are customary to businesses similar to Grantor’s.
Appears in 6 contracts
Samples: Third Party Security Agreement (Irvine Sensors Corp/De/), Third Party Security Agreement (Auriga Laboratories, Inc.), Third Party Security Agreement (TorreyPines Therapeutics, Inc.)
Insurance of Collateral. (i) GrantorGrantors, at its their expense, shall keep the Collateral insured against loss or damage by fire, theft, explosion, sprinklers, and all other hazards and risks, and in such amounts, as are ordinarily insured against by other owners in similar businesses conducted in the locations where Grantor’s Grantors’ business is conducted on the date hereof. Grantor Grantors shall also maintain liability insurance relating to Grantors’ ownership and other insurance use of the Collateral in amounts and of a type that are customary to businesses similar to Grantor’sGrantors.
Appears in 2 contracts
Samples: Security Agreement (Theglobe Com Inc), Security Agreement (E&c Capital Partners LLLP)
Insurance of Collateral. (i) GrantorGrantors, at its their expense, shall keep the Collateral insured against loss or damage by fire, theft, explosion, sprinklers, and all other hazards and risks, and in such amounts, as are ordinarily insured against by other owners in similar businesses conducted in the locations where Grantor’s Grantors' business is conducted on the date hereof. Grantor Grantors shall also maintain liability insurance relating to Grantors' ownership and other insurance use of the Collateral in amounts and of a type that are customary to businesses similar to Grantor’sGrantors.
Appears in 2 contracts
Samples: Security Agreement (Theglobe Com Inc), Security Agreement (Theglobe Com Inc)
Insurance of Collateral. (i) Grantor, at its Grantor’s expense, shall keep the Collateral insured against loss or damage by fire, theft, explosion, sprinklers, and all other hazards and risks, and in such amounts, as ordinarily insured against by other owners in similar businesses conducted circumstances in the locations where Grantor’s business residence is conducted located on the date hereof. Grantor shall also maintain liability insurance relating to Grantor’s ownership and other insurance use of the Collateral in amounts and of a type that are customary to businesses similar to Grantor’scustomary.
Appears in 1 contract
Samples: Business Financing Agreement (ADESTO TECHNOLOGIES Corp)
Insurance of Collateral. (i) Grantor, at its expense, shall keep the Collateral insured against loss or damage by fire, theft, explosion, sprinklers, and all other hazards and risks, and in such amounts, as are ordinarily insured against by other owners in similar businesses conducted in the locations where Grantor’s business is conducted on the date hereof. Grantor shall also maintain liability insurance relating to Grantor’s ownership and other insurance use of the Collateral in amounts and of a type that are customary to businesses similar to Grantor’s.
Appears in 1 contract
Samples: Security Agreement (Advaxis, Inc.)