Common use of INSURANCE; SURVEY Clause in Contracts

INSURANCE; SURVEY. Provide to the Lender at least annually within 90 days of the end of the Borrower's fiscal year, a certificate signed by its chief financial officer that attests to and summarizes the property and casualty insurance program carried by the Borrower and the Subsidiaries. This summary shall include the insurer's(s') name, policy number(s), expiration date(s), amount(s) of coverage, type(s) of coverage, the annual premium(s), Best's policyholder's and financial size ratings of the insurers, exclusions, deductibles and self-insured retention and shall describe in detail any retrospective rating plan, fronting arrangement or any other self-insurance or risk assumption agreed to by the Borrower or any Subsidiary or imposed upon the Borrower or any Subsidiary by any such insurer, as well as any self-insurance program that is in effect. The Borrower shall (a) notify the Lender in writing at least 30 days prior to any cancellation or material change of any such insurance by the Borrower or any Subsidiary and (b) within five business days after receipt of any notice (whether formal or informal) thereof, of any cancellation or change in any of its insurance by any of its insurers or any material change in the cost thereof or which reduces the policyholder's or financial size ratings of the insurance carriers of the Borrower or any Subsidiary, as established by Best's Insurance Reports. Annually, the Lender shall have the right to request the Borrower to have a risk management survey completed by a recognized independent risk management consultant acceptable to it and the Lender which will identify, quantify and assess any catastrophic uninsured, underinsured or self-insured exposures faced by the Borrower and the Subsidiaries. The cost of such survey shall be borne solely by the Borrower. A copy of the results of each such a survey shall be promptly delivered by the Borrower to the Lender.

INSURANCE; SURVEY. Provide to the Lender at least annually within 90 ninety (90) days of the end of the Borrower's fiscal yearFiscal Year, a certificate signed by its chief financial officer that attests to and summarizes the property and casualty insurance program carried by the Borrower and the its Subsidiaries. This summary shall include the insurer's(s') namename(s), policy number(s), expiration date(s), amount(s) of coverage, type(s) of coverage, the annual premium(s), Best's policyholder's and financial size ratings of the insurersinsurer(s), exclusions, deductibles and self-insured retention and shall describe in detail any retrospective rating plan, fronting arrangement or any other self-insurance or risk assumption agreed to by the Borrower or any Subsidiary or imposed upon the Borrower or any Subsidiary by any such insurer, as well as any self-insurance program that is in effect. The Borrower shall notify Lender in writing (a) notify the Lender in writing at least 30 twenty (20) days prior to any cancellation or material change of any such insurance by the Borrower or any Subsidiary and (b) within five (5) business days after receipt of any notice (whether formal or informal) thereof, of any cancellation or change in any of its insurance by any of its insurers or any material change in the cost thereof or which reduces the policyholder's or financial size ratings of the insurance carriers of the Borrower or any Subsidiaryof its Subsidiaries, as established by Best's Insurance ReportsBEST'S INSURANCE REPORTS. Annually, the Lender shall have the right to request the Borrower to have a risk management survey completed by a recognized independent risk management consultant acceptable to it and the Lender which will identify, quantify and assess any catastrophic uninsured, underinsured or self-insured exposures faced by the Borrower and the its Subsidiaries. The cost of such survey shall be borne solely by the Borrower. A copy of the results of each such a survey shall be promptly delivered by the Borrower to the Lender.

INSURANCE; SURVEY. Provide to the Lender at least annually within 90 ninety (90) days of the end of the Borrower's fiscal yearHoldings' Fiscal Year, a certificate signed by its the chief financial officer of Holdings that attests to and summarizes the property and casualty insurance program carried by the Borrower Holdings and the its Subsidiaries. This summary shall include the insurer's(s) name(s), the insured's (s') namename(s), policy number(s), expiration date(s), amount(s) of coverage, type(s) of coverage, the annual premium(s), Best's policyholder's and financial size ratings of the insurersinsurer(s), exclusions, deductibles and self-insured retention and shall describe in detail any retrospective rating plan, fronting arrangement or any other self-insurance or risk assumption agreed to by the Borrower Holdings or any Subsidiary of Holdings or imposed upon the Borrower Holdings or any Subsidiary of Holdings by any such insurer, as well as any self-insurance program that is in effect. The Borrower Holdings shall (a) notify the Lender in writing (i) at least 30 twenty (20) days prior to any cancellation of or material change of materially adverse to any Loan Party in any such insurance to be instituted by the Borrower Holdings or any Subsidiary of Holdings and (bii) within five (5) business days after receipt of any notice (whether formal or informal) thereof, of any cancellation of or change materially adverse to any Loan Party in any of its insurance instituted or to be instituted by any of its insurers or any material negative change in the cost thereof or which reduces the policyholder's or financial size ratings of the any insurance carriers carrier of the Borrower Holdings or any Subsidiaryof its Subsidiaries, as established by Best's Insurance Reports. Annually, the Lender shall have the right to request the Borrower Holdings to have a risk management survey completed by a recognized independent risk management consultant mutually acceptable to it Holdings and the Lender which will identify, quantify and assess any catastrophic uninsured, underinsured under-insured or self-insured exposures faced by the Borrower Holdings and the its Subsidiaries. The cost of such survey shall be borne solely by the BorrowerBorrowers. A copy of the results of each such a survey shall be promptly delivered by the Borrower Holdings to the Lender.

INSURANCE; SURVEY. Provide to the Lender at least annually within 90 120 days of the end of the Borrower's fiscal yearFiscal Year, a certificate of Borrower signed by its chief financial officer president or a vice president of Borrower that attests to and summarizes the property and casualty insurance program carried by the Borrower and the its Subsidiaries. This summary shall include the insurer's(s') namename(s), policy number(s), expiration date(s), amount(s) of coverage, type(s) of coverage, the annual premium(s), Best's policyholder's and financial size ratings of the insurersinsurer(s), exclusions, deductibles and self-insured retention and shall describe in detail any retrospective rating plan, fronting arrangement or any other self-insurance or risk assumption agreed to by the Borrower or any Subsidiary or imposed upon the Borrower or any Subsidiary by any such insurer, as well as any self-insurance program that is in effect. The Borrower shall (a) notify the Lender in writing (1) at least 30 20 days prior to any cancellation or material change of any such insurance by the Borrower or any Subsidiary Subsidiary, and (b2) within five 5 business days after receipt of any notice (whether formal or informal) thereof, of any cancellation or change in any of its insurance by any of its insurers or any material change in the cost thereof or which reduces the policyholder's or financial size ratings of the insurance carriers of the Borrower or any Subsidiaryof its Subsidiaries, as established by Best's Insurance Reports. Annually, the Lender shall have the right to request the Borrower to have a risk management survey completed by a recognized independent risk management consultant acceptable to it and the Lender which will identify, quantify and assess any catastrophic uninsured, underinsured or self-insured exposures faced by the Borrower and the its Subsidiaries. The cost of such survey shall be borne solely by the Borrower. A copy of the results of each such a survey shall be promptly delivered by the Borrower to the Lender.