Insurance on the Collateral Sample Clauses

Insurance on the Collateral. So long as the Loan is outstanding, Borrower shall keep and maintain casualty insurance on the Collateral, which insurance shall name Lender as loss payee. The amount of insurance shall be subject to Lender's approval, and Borrower shall provide evidence that such insurance is in effect at all times.

Insurance on the Collateral. Borrower and each Guarantor are contemporaneously with the execution hereof delivering to Lender a Certificate or Certificates of Insurance (and shall deliver the originals of the policies referred to herein upon request of Lender), respecting hazard (including, but not limited to, fire and extended coverage including " all risk"), liability, loss of rental and flood (if any of the Borrower's tangible assets are located on premises in a special flood hazard area), with coverage for the fair market value at the time of a loss of the Collateral and in an amount of at least Two Million ($2,000,000.00) Dollars with no co-insurance. Borrower shall further be required to provide evidence to Lender of adequate property insurance for all Collateral, which shall list the Lender as loss payee.

Insurance on the Collateral. Without limiting the generality of the foregoing, the Company will maintain or cause to be maintained replacement value property insurance on the Collateral under such policies of insurance, with such insurance companies, in such amounts, with such deductibles, and covering such risks as are at all times satisfactory to each of the Collateral Agent and the Administrative Agent in its reasonable credit judgment. Each policy of insurance on the Collateral shall contain a loss payable clause or endorsement, satisfactory in form and substance to the Administrative Agent and the Collateral Agent, that names the Collateral Agent for the benefit of the Lenders as the loss payee thereunder for any covered loss and provides for at least 30 days prior written notice to the Administrative Agent and the Collateral Agent of any modification or cancellation of such policy. In addition, the Company shall give at least 30 days prior written notice to the Administrative Agent and the Collateral Agent of any changes to the policies of insurance described in the preceding sentence.