Common use of Insurance Premiums; Certificates of Insurance Clause in Contracts

Insurance Premiums; Certificates of Insurance. (i) The Borrower shall cause the Property Owner to pay the premiums for such Policies (the "Insurance Premiums") as the same become due and payable and shall furnish to the Lender receipts for the payment of the Insurance Premiums or other evidence of such payment reasonably satisfactory to the Lender (provided, however, that such evidence shall not be required if such Insurance Premiums are to be paid by the party acting as agent under the Senior Loan Agreement). Within thirty (30) days after request by the Lender, the Borrower shall cause the Property Owner to obtain such increases in the amounts of coverage required hereunder as may be reasonably requested by the Lender, taking into consideration changes in liability laws, changes in prudent customs and practices, and the like. In the event the Property Owner satisfies the requirements under this Section 8.1.1 through the use of a Policy or Policies covering properties in addition to the Mortgaged Property, then, the Borrower shall provide evidence satisfactory to the Lender that the Insurance Premiums for the Mortgaged Property are separately allocated under such Policy or Policies to the Mortgaged Property and that payment of such allocated amount (A) shall maintain the effectiveness of such Policy or Policies as to the Mortgaged Property and (B) shall otherwise provide the same protection as would a separate policy or policies that complying with the terms of this Agreement as to the Mortgaged Property, notwithstanding the failure of payment of any other portion of the insurance premiums.

Insurance Premiums; Certificates of Insurance. (i) The Borrower shall cause the Property Owner to pay the premiums for such Policies (the "“Insurance Premiums"”) as the same become due and payable and shall furnish to the Lender Agent receipts for the payment of the Insurance Premiums or other evidence of such payment reasonably satisfactory to the Lender Agent (provided, however, that such evidence shall not be required if such Insurance Premiums are to be paid by the party acting as agent under Agent pursuant to the Senior Loan terms of this Agreement). Within thirty (30) days after request by the LenderAgent, the Borrower shall cause the Property Owner to obtain such increases in the amounts of coverage required hereunder as may be reasonably requested by the LenderAgent, taking into consideration changes in liability laws, changes in prudent customs and practices, and the like. In the event the Property Owner Borrower satisfies the requirements under this Section 8.1.1 through the use of a Policy or Policies covering properties in addition to the Mortgaged Property, then, the Borrower shall provide evidence satisfactory to the Lender Agent that the Insurance Premiums for the Mortgaged Property are separately allocated under such Policy or Policies to the Mortgaged Property and that payment of such allocated amount (A) shall maintain the effectiveness of such Policy or Policies as to the Mortgaged Property and (B) shall otherwise provide the same protection as would a separate policy or policies that complying complies with the terms of this Agreement as to the Mortgaged Property, notwithstanding the failure of payment of any other portion of the insurance premiums.

Insurance Premiums; Certificates of Insurance. (i) The Borrower shall cause the Property Owner to pay the premiums for such Policies (the "Insurance Premiums") as the same become due and payable and shall furnish to the Lender Agent receipts for the payment of the Insurance Premiums or other evidence of such payment reasonably satisfactory to the Lender Agent (provided, however, that such evidence shall not be required if such Insurance Premiums are to be paid by the party acting as agent under the Senior Loan Agreement). Within thirty (30) days after request by the LenderAgent, the Borrower shall cause the Property Owner to obtain such increases in the amounts of coverage required hereunder as may be reasonably requested by the LenderAgent, taking into consideration changes in liability laws, changes in prudent customs and practices, and the like. In the event the Property Owner satisfies the requirements under this Section 8.1.1 through the use of a Policy or Policies covering properties in addition to the Mortgaged Property, then, the Borrower shall provide evidence satisfactory to the Lender Agent that the Insurance Premiums for the Mortgaged Property are separately allocated under such Policy or Policies to the Mortgaged Property and that payment of such allocated amount (A) shall maintain the effectiveness of such Policy or Policies as to the Mortgaged Property and (B) shall otherwise provide the same protection as would a separate policy or policies that complying with the terms of this Agreement as to the Mortgaged Property, notwithstanding the failure of payment of any other portion of the insurance premiums.

Insurance Premiums; Certificates of Insurance. (i) The Borrower Borrowers shall pay or cause the Property Owner to pay be paid the premiums for such Policies (the "Insurance Premiums") as the same become due and payable and shall furnish or cause to the Lender be furnished to Agent receipts for the payment of the Insurance Premiums or other evidence of such payment reasonably satisfactory to the Lender Agent (provided, however, that such evidence shall not be required if such Insurance Premiums are to be paid by Agent pursuant to the party acting as agent under the Senior Loan terms of this Agreement). Within thirty (30) days after request by the LenderAgent, the Borrower Borrowers shall obtain or cause the Property Owner to obtain be obtained such increases in the amounts of coverage required hereunder as may be reasonably requested by the LenderAgent provided such insurance is commercially available at reasonable premiums, taking into consideration changes in liability laws, changes in prudent customs and practices, and the like. In the event the Property Owner any Borrower Affiliate satisfies the requirements under this Section 8.1.1 through the use of a Policy or Policies covering properties in addition to the Mortgaged its Property, thenthen (unless such policy is provided in substantially the same manner as it is as of the date hereof), the such Borrower shall provide evidence reasonably satisfactory to the Lender Agent that the Insurance Premiums for the Mortgaged such Property are separately allocated under such Policy to such Property or Policies to the Mortgaged Property Properties and that payment of such allocated amount (A) shall maintain the effectiveness of such Policy or Policies as to the Mortgaged such Property and (B) shall otherwise provide the same protection as would a separate policy or policies that complying complies with the terms of this Agreement as to the Mortgaged such Property, notwithstanding the failure of payment of any other portion of the insurance premiums.

Insurance Premiums; Certificates of Insurance. (i) The Borrower Borrowers shall cause First Mezzanine Borrowers to cause the Property Owner Owners to pay the premiums for such Policies (the "“Insurance Premiums"” ) as the same become due and payable and shall furnish to Lender the Lender receipts for the payment of the Insurance Premiums or other evidence of such payment reasonably satisfactory to the Lender (provided, however, that Property Owners are not required to furnish such evidence shall not be required of payment to Lender if such Insurance Premiums are to be paid by Lender pursuant to the party acting as agent under the Senior Loan terms of this Agreement). Within thirty (30) days after request by the Lender, the Borrower Borrowers shall cause the First Mezzanine Borrower to cause Property Owner Owners to obtain such increases in the amounts of coverage required hereunder as may be reasonably requested in writing by Lender or as may be requested in writing by the LenderRating Agencies, taking into consideration changes in liability laws, changes in prudent customs and practices, and the like. In the event the Property Owner satisfies the requirements under this Section 8.1.1 8.1 are satisfied by the Property Owners through the use of a Policy or Policies covering properties in addition to the Mortgaged PropertyProperties (a “Blanket Policy”), thenthen (unless such policy is provided in substantially the same manner as it is as of the date hereof), the Borrower Borrowers shall provide or shall cause to be provided evidence satisfactory to the Lender that the Insurance Premiums for the Mortgaged applicable Property or Properties are separately allocated under such Policy or Policies to the Mortgaged applicable Property or Properties and that payment of such allocated amount (A) shall maintain the effectiveness of such Policy or Policies as to the Mortgaged such Property or Properties and (B) shall otherwise provide the same protection as would a separate policy or policies that complying complies with the terms of this Agreement as to the Mortgaged Propertysuch Property or Properties, notwithstanding the failure of payment of any other portion of the insurance premiums.

Insurance Premiums; Certificates of Insurance. (i) The Borrower Borrowers shall cause the Property Owner to pay the premiums for such Policies (the "“Insurance Premiums"” ) as the same become due and payable and shall furnish to Lender the Lender receipts for the payment of the Insurance Premiums or other evidence of such payment reasonably satisfactory to the Lender (provided, however, that Property Owners are not required to furnish such evidence shall not be required of payment to Lender if such Insurance Premiums are to be paid by Lender pursuant to the party acting as agent under the Senior Loan terms of this Agreement). Within thirty (30) days after request by the Lender, the Borrower Borrowers shall cause the Property Owner Owners to obtain such increases in the amounts of coverage required hereunder as may be reasonably requested in writing by Lender or as may be requested in writing by the LenderRating Agencies, taking into consideration changes in liability laws, changes in prudent customs and practices, and the like. In the event the Property Owner satisfies the requirements under this Section 8.1.1 8.1 are satisfied by the Property Owners through the use of a Policy or Policies covering properties in addition to the Mortgaged PropertyProperties (a “Blanket Policy”), thenthen (unless such policy is provided in substantially the same manner as it is as of the date hereof), the Borrower Borrowers shall provide or shall cause to be provided evidence satisfactory to the Lender that the Insurance Premiums for the Mortgaged applicable Property or Properties are separately allocated under such Policy or Policies to the Mortgaged applicable Property or Properties and that payment of such allocated amount (A) shall maintain the effectiveness of such Policy or Policies as to the Mortgaged such Property or Properties and (B) shall otherwise provide the same protection as would a separate policy or policies that complying complies with the terms of this Agreement as to the Mortgaged Propertysuch Property or Properties, notwithstanding the failure of payment of any other portion of the insurance premiums.