Insurance of Properties. The Borrower will, and will cause each Subsidiary to maintain, with respect to its business and properties, insurance at all times by insurance companies of nationally recognized stature and responsibility which the Borrower believes to be financially sound, of a character usually insured by corporations engaged in the same or a similar business similarly situated against loss or damage of the kinds and in the amounts customarily insured against and for by such corporations, and carry or cause to be carried, with such insurers in customary amounts (with customary deductibles), such other insurance, including public liability insurance, as is usually carried by corporations engaged in the same or a similar business similarly situated; provided, however, that all insurance maintained pursuant to this paragraph shall be carried in amounts sufficient to prevent the Borrower or any Subsidiary from incurring liability as a co-insurer under law or the terms of the applicable policy or policies.
Insurance of Properties. Borrower will keep its business and properties insured at all times by insurance companies acceptable to Lenders against the risks for which provision for such insurance is usually made by other Persons engaged in a similar business similarly situated (including without limitation insurance for fire and other hazards and insurance against liability on account of damage to persons or property and insurance under all applicable workmen's compensation laws) and to the same extent thereto and carry such other types and amounts of insurance as are usually carried by Persons engaged in the same or a similar business similarly situated, and upon request deliver to Lenders a certificate from the insurer setting forth the nature of the risks covered by such insurance, the amount carried with respect to each risk, and the name of the insurer.
Insurance of Properties. The Borrower and each of its Subsidiaries will keep its business and properties insured at all times by insurance companies selected by it and acceptable to Administrative Agent against the risks for which provision for such insurance is usually made by other Persons engaged in a similar business similarly situated (including without limitation insurance for fire and other hazards, insurance against vandalism and theft, liability on account of damage to persons or property, business interruption, products liability, and insurance under all applicable workman's compensation laws) and to the same extent thereto and carrx xxxx xxher types and amounts of insurance as are usually carried by Persons engaged in the same or a similar business similarly situated, subject to a standard loss-payee's and additional insured's endorsement in favor of Administrative Agent for the benefit of the Lenders (subject to any requirements in the Bond Documents with respect to the collateral covered by the Bond Documents, to the extent applicable), and upon request deliver to Administrative Agent a certificate from the insurer setting forth the nature of the risks covered by such insurance, the amount carried with respect to each risk, and the name of the insurer.
Insurance of Properties. 7 2.20 Guarantees, Warranties and Discounts.................................................. 8
Insurance of Properties. Borrowers will keep the Collateral insured at all times by insurance companies reasonably acceptable to Lender against the risks for which provision for such insurance is usually made by other Persons engaged in a similar business similarly situated (including without limitation, insurance for fire, windstorm, flood, and other hazards, insurance against liability on account of damage to persons or propetiy, business interruption insurance, and insurance under all applicable xxxxxxx'x compensation laws) and to the same extent thereto and carry such other types and amounts of insurance as usually carried by Persons engaged in the same or a similar business similarly situated, and upon request deliver to Lender a certificate from the insurer setting forth the nature of the risks covered by such insurance, the amount carried with respect to each risk, and the name of the insured. Lender shall be named as an additional insured on all such policies. The obligations of Borrowers to provide insurance coverage may be further amplified under the terms and conditions of the Security Instruments.
Insurance of Properties. Company and its Subsidiaries maintain (and there is outstanding and duly in force on the date hereof, and will be outstanding and duly in force at the Closing Date) insurance covering their properties. operations, personnel and business which insures against such losses and risks as are adequate in Company's business judgment to protect Company and its Subsidiaries and their businesses.
Insurance of Properties. Each Obligor will keep its business and properties insured at all times by insurance companies reasonably acceptable to Lender against the risks for which provision for such insurance is usually made by other Persons engaged in a similar business similarly situated (including without limitation, insurance for fire, flood, and other hazards, insurance against liability on account of damage to persons or property, business interruption insurance, and insurance under all applicable workman's compensation laws) and to the same extent thereto and carry xxxx xxxer types and amounts of insurance as usually carried by Persons engaged in the same or a similar business similarly situated, and upon request deliver to Lender a certificate from the insurer setting forth the nature of the risks covered by such insurance, the amount carried with respect to each risk, and the name of the insured. Lender shall be named as an additional insured on all policies relating to the Real Estate. The obligations of Obligors to provide insurance coverage may be further amplified under the terms and conditions of the Security Instruments.
Insurance of Properties. 14 3.25 Repurchase Agreements and Letters of Credit...........................................14 3.26 Disclosure............................................................................14 3.27
Insurance of Properties. 18 3.26 Insurance of Independent Contractors.................................................. 19 3.27
Insurance of Properties. All of CPI's properties and operations are adequately insured, by financially sound and reputable insurers, against loss or damage of the kinds and in amounts to the best knowledge of CPI and ILCT customarily insured against by such persons, and CPI carries, with such insurers in customary amounts, such other insurance, including larceny, embezzlement or other criminal misappropriation insurance and business interruption insurance, as is to the best knowledge of CPI and ILCT usually carried by companies of established reputation engaged in the same or a similar business similarly situated. Schedule 3.25 attached hereto and made a part hereof contains a complete and correct list of all policies of insurance of every kind and nature covering CPI, including without limitation, policies of life, fire, theft, employee fidelity, environmental and product liability coverage and other casualty and liability insurance, indicating the insurer, the policy number, the type of coverage, the amount of coverage and the expiration date of each policy. Such policies have been since January 1, 1993, and are in full force and effect. Except for Directors' and Officers' insurance policies, none of such policies are "claims made" policies. Complete and correct copies of each such policy have been made available to AAC prior to the execution of this Agreement.
