Common use of Insurance on Collateral Clause in Contracts

Insurance on Collateral. The Collateral will be insured at the Debtor’s expense against all risks and in such amounts as commonly insured by owners of like property and to the extent Debtor can obtain such insurance at commercially reasonable rates and terms. The Debtor agrees to pay or cause to be paid, when due, all premiums for such insurance and all taxes, license fees and other charges in connection with the Collateral.

Appears in 6 contracts

Samples: Security Agreement (FirstEnergy Generation Corp.), Security Agreement (FirstEnergy Generation Corp.), Security Agreement (FirstEnergy Generation Corp.)

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