Insurance Program for Operating Period. The Loan Servicer has received, in form and substance satisfactory to DOE, (x) an Insurance Advisor’s Certificate, and (y) an Insurance Consultant’s Certificate (A) describing in reasonable detail the Borrower’s insurance program with respect to the Operating Period (including without limitation with respect to any new insurance since the date of the final Advance, copies of certificates or policies with respect thereto, designating the Administrative Agent in its capacity as the Collateral Agent as loss payee, as appropriate, all certified by the Borrower as being true and complete), and (B) certifying that it has reviewed and analyzed such insurance program and that in its opinion such insurance program satisfies all the requirements of Schedule 6.3(b).
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Samples: Common Agreement (Beacon Power Corp), Common Agreement (Beacon Power Corp)
Insurance Program for Operating Period. The Loan Servicer has shall have received, in form and substance satisfactory to DOE, (x) an Insurance Advisor’s Certificate, and (y) an Insurance Consultant’s Certificate (A) describing in reasonable detail the Borrower’s insurance program with respect to the Operating Period (including without limitation with respect to any new insurance since the date of the final Advance, copies of certificates or policies with respect thereto, designating the Administrative Agent in its capacity as the Collateral Agent as loss payee, as appropriate, all certified by the Borrower as being true and complete), and (B) certifying that it has reviewed and analyzed such insurance program and that in its opinion such insurance program satisfies all the requirements of Schedule 6.3(b).
Appears in 2 contracts
Samples: Common Agreement (Beacon Power Corp), Common Agreement (Beacon Power Corp)
Insurance Program for Operating Period. The Loan Servicer has shall have received, in form and substance satisfactory to DOEthe Loan Servicer, (x) an Insurance Advisor’s Certificate, and (y) an Insurance Consultant’s 's Certificate (A) describing in reasonable detail the Borrower’s 's and the Project's insurance program with respect to the Operating Period (including without limitation with respect to any new insurance since the date of the final Advance, copies of certificates or policies with respect thereto, designating the Administrative Agent in its capacity as the Collateral Agent as loss payee, as appropriate, all certified by the Borrower or the Operator, as applicable, as being true and complete), and (B) certifying that it has reviewed and analyzed such insurance program and that in its opinion such insurance program satisfies all the requirements of Schedule 6.3(b).
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