Common use of Insurance to be Maintained Clause in Contracts

Insurance to be Maintained. The Company covenants to provide and maintain, or cause to be provided and maintained, continuously, unless otherwise herein provided, adequate insurance on the Project Facilities as shall be mutually agreed upon by the Bank and the Company. Each insurance policy with respect to the Project Facilities shall name the Bank, the Authority and the Trustee as additional insureds. All policies of insurance required by this Section, copies thereof, or certificates of insurance with respect thereto shall be deposited with the Trustee.

Appears in 3 contracts

Samples: Loan Agreement (Gateway Trade Center Inc.), Loan Agreement (Gateway Trade Center Inc.), Loan Agreement (Gateway Trade Center Inc.)

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Insurance to be Maintained. The Company covenants to provide and maintain, or cause to be provided and maintained, maintain continuously, unless otherwise herein provided, adequate insurance on the Project Facilities as shall be mutually agreed upon by the Bank and the Company. Each insurance policy with respect to the Project Facilities shall name the Bank, the Authority Bank and the Trustee as additional insureds. All policies of insurance required by this Section, copies thereof, or certificates of insurance with respect thereto shall be deposited with the Trustee.

Appears in 2 contracts

Samples: Loan Agreement (Vermont Pure Holdings LTD), Trust Indenture (Piercing Pagoda Inc)

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Insurance to be Maintained. The Company covenants to provide and maintain, or cause to be provided and maintained, continuously, maintain continuously unless otherwise herein provided, adequate insurance on the Project Facilities as shall be mutually agreed upon by the Bank and the Company. Each insurance policy with respect to the Project Facilities shall name the Bank, the Authority and the Trustee Bank as an additional insureds. All policies of insurance required by this Section, copies thereof, or certificates of insurance with respect thereto shall be deposited with the Trusteeinsured.

Appears in 2 contracts

Samples: Loan Agreement (Nutrition Management Services Co/Pa), Loan Agreement (Nutrition Management Services Co/Pa)

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