Common use of Liability, Property Damage, Etc Clause in Contracts

Liability, Property Damage, Etc. The Borrower shall maintain, and shall cause each of its Restricted Subsidiaries to maintain, with financially sound and reputable insurers, Insurance against loss or damage and liability of the kinds customarily insured against by Persons of established reputation engaged in the same or similar businesses and similarly situated and in such amounts as are customarily carried under similar circumstances by other such Persons and otherwise as is prudent for Persons engaged in such business. All such Insurance shall name the Agent (for the benefit of the Secured Parties) as mortgagee, lender loss payee and additional insured, as applicable and shall provide for at least thirty (30) days advance notice to the Agent prior to any non-renewal or cancellation of any such Insurance, except as may otherwise be agreed to by the Majority Lenders. In addition, the Borrower shall, and shall cause each of its Restricted Subsidiaries to, maintain such other Insurance as may be required by the Majority Lenders. Annually (and from time to time upon request of the Majority Lenders), the Borrower shall promptly furnish to the Majority Lenders evidence, in form and substance reasonably satisfactory to the Majority Lenders, of the maintenance of all Insurance, indemnities or bonds required by this Section 8.13.

Liability, Property Damage, Etc. The Borrower shall maintain, and shall cause each of its Restricted Subsidiaries to maintain, with financially sound and reputable insurers, Insurance insurance against loss or damage and liability of the kinds customarily insured against by Persons of established reputation engaged in the same or similar businesses and similarly situated and in such amounts as are customarily carried under similar circumstances by other such Persons and otherwise as is prudent for Persons engaged in such business. All such Insurance insurance covering the assets Borrower or the Subsidiary Guarantors shall name the Agent (for the benefit of the Secured Parties) as mortgagee, lender loss payee and additional insured, as applicable and shall provide for at least thirty (30) days advance notice to the Agent prior to any non-renewal renewal, cancellation, change in risks (in any material respect) or cancellation material amendment of any such Insurance, except as may otherwise be agreed to by the Majority Lenders. In addition, the Borrower shall, and shall cause each of its Restricted Subsidiaries to, maintain such other Insurance insurance as may be required by the Majority LendersSecurity Agreement and the other Loan Documents. Annually (and from time to time upon request of the Majority LendersAgent), the Borrower shall promptly furnish to the Majority Lenders Agent evidence, in form and substance reasonably satisfactory to the Majority LendersAgent, of the maintenance of all Insuranceinsurance, indemnities or bonds required by this Section 8.13Subsection 8.14.1.

Liability, Property Damage, Etc. The Borrower Borrowers shall maintain, and shall cause each of its Restricted their Subsidiaries to maintain, with financially sound and reputable insurers, Insurance insurance against loss or damage and liability of the kinds customarily insured against by Persons of established reputation engaged in the same or similar businesses and similarly situated and in such amounts as are customarily carried under similar circumstances by other such Persons and otherwise as is prudent for Persons engaged in such business. All such Insurance insurance covering the assets of a Borrower or a Subsidiary Guarantor shall name the Agent (for the benefit of the Secured Parties) as mortgagee, lender loss payee and additional insured, as applicable and shall provide for at least thirty (30) days days’ advance notice to the Agent prior to any non-renewal renewal, cancellation, change in risks (in any material respect) or cancellation material amendment of any such Insurance, except as may otherwise be agreed to by the Majority Lenders. In addition, the Borrower Borrowers shall, and shall cause each of its Restricted their Subsidiaries to, maintain such other Insurance insurance as may be required by the Majority Lendersapplicable Security Agreement and the other Loan Documents. Annually (and from time to time upon request of the Majority LendersAgent), the Borrower Borrowers shall promptly furnish to the Majority Lenders Agent evidence, in form and substance reasonably satisfactory to the Majority LendersAgent, of the maintenance of all Insuranceinsurance, indemnities or bonds required by this Section 8.13Subsection 8.13.1.

Liability, Property Damage, Etc. The Borrower Borrowers shall maintain, and shall cause each of its Restricted their Subsidiaries to maintain, with financially sound and reputable insurers, Insurance insurance against loss or damage and liability of the kinds customarily insured against by Persons of established reputation engaged in the same or similar businesses and similarly situated and in such amounts as are customarily carried under similar circumstances by other such Persons and otherwise as is prudent for Persons engaged in such business. All such Insurance insurance covering the assets of a Borrower or a Subsidiary Guarantor shall name the Agent (for the benefit of the Secured Parties) as mortgagee, lender loss payee and additional insured, as applicable and shall provide for at least thirty (30) days advance notice to the Agent prior to any non-renewal renewal, cancellation, change in risks (in any material respect) or cancellation material amendment of any such Insurance, except as may otherwise be agreed to by the Majority Lenders. In addition, the Borrower Borrowers shall, and shall cause each of its Restricted their Subsidiaries to, maintain such other Insurance insurance as may be required by the Majority Lendersapplicable Security Agreement and the other Loan Documents. Annually (and from time to time upon request of the Majority LendersAgent), the Borrower Borrowers shall promptly furnish to the Majority Lenders Agent evidence, in form and substance reasonably satisfactory to the Majority LendersAgent, of the maintenance of all Insuranceinsurance, indemnities or bonds required by this Section 8.13Subsection 8.13.1.

Liability, Property Damage, Etc. The Borrower shall maintain, and shall cause each of its Restricted Subsidiaries to maintain, with financially sound and reputable insurers, Insurance insurance against loss or damage and liability of the kinds customarily insured against by Persons of established reputation engaged in the same or similar businesses and similarly situated and in such amounts as are customarily carried under similar circumstances by other such Persons and otherwise as is prudent for Persons engaged in such business. All such Insurance insurance covering the assets of the Borrower or a Subsidiary Guarantor shall name the Agent (for the benefit of the Secured Parties) as mortgagee, lender loss payee and additional insured, as applicable and shall provide for at least thirty (30) days days’ advance notice to the Agent prior to any non-renewal renewal, cancellation, change in risks (in any material respect) or cancellation material amendment of any such Insurance, except as may otherwise be agreed to by the Majority Lenders. In addition, the Borrower shall, and shall cause each of its Restricted Subsidiaries to, maintain such other Insurance insurance as may be required by the Majority Lendersapplicable Security Agreement and the other Loan Documents. Annually (and from time to time upon request of the Majority LendersAgent), the Borrower shall promptly furnish to the Majority Lenders Agent evidence, in form and substance reasonably satisfactory to the Majority LendersAgent, of the maintenance of all Insuranceinsurance, indemnities or bonds required by this Section 8.13Subsection 8.13.1.