Maintain and Insure Property. The Borrower agrees at all times to maintain the property provided as security for this Loan in such condition and repair that the Lender’s security will be adequately protected. The Borrower also agrees to maintain during the term of the Loan adequate hazard insurance policies covering fire and extended coverage and such other hazards as may be deemed ap- propriate in amounts and form sufficient to prevent the Borrower from becoming a co-insurer and issued by companies satisfactory to the Lender with acceptable loss payee clauses in favor of the Lender. The Borrower further agrees, if at any time during the life of the Loan the Borrower’s property is declared to be within a flood hazard area, to purchase Federal Flood Insurance, if available. Such insurance will be in an amount equal to the amount of the loan. If the property is not located in a flood hazard area at the time of the loan closing, the Borrower will provide satisfactory evidence thereof.
Maintain and Insure Property. Each Borrower agrees at all times to maintain its business properties in such condition and repair that the Bank's security will be adequately protected. Each Borrower shall also keep its business properties fully insured with:
Maintain and Insure Property. The Borrower agrees at all times to maintain the property provided as security for this Loan in such condition and repair that the Lender’s security will be adequately protected. The Borrower also agrees to maintain during the term of the Loan adequate hazard insurance policies covering fire and extended coverage and such other hazards as may be deemed appropriate in amounts and form sufficient to prevent the Borrower from becoming a co-insurer and issued by companies satisfactory to the Lender with acceptable loss payee clauses in favor of the Lender.
Maintain and Insure Property. BORROWER agrees at all times to maintain the property provided as security for this loan and in such condition and repair that LENDER's security will be adequately protected. BORROWER also agrees to maintain during the term of the loan adequate hazard insurance policies covering fire and extended coverage and such other hazards as may be deemed appropriate in amounts and form sufficient to prevent LENDER from becoming a co-insurer and was issued by companies satisfactory to LENDER with acceptable loss payee clauses in favor of LENDER.
Maintain and Insure Property. The Borrower agrees at all times to maintain the property in good condition and repair. The Borrower also agrees to maintain during the term of the Loan adequate hazard insurance policies covering fire and extended coverage and such other hazards as may be deemed ap- propriate in amounts and form as are sufficient to Borrower and Lender. The Borrower further agrees, if at any time during the life of the Loan the Borrower’s property is declared to be within a flood hazard area, to purchase Federal Flood Insurance, if available. Such insurance will be in an amount equal to the amount of the loan. If the property is not located in a flood hazard area at the time of the loan closing, the Borrower will provide satisfactory evidence thereof.
Maintain and Insure Property. Borrower shall maintain during the term of this Agreement the real and personal property provided as security for this Loan in good (taking into account the condition of such assets on the Closing Date) condition, maintenance and repair, wear and tear from normal use of Borrower’s business excepted, and that the business carried on in connection therewith shall be in continuous operation in material compliance with all applicable laws. During the term of this Agreement, Borrower shall maintain hazard insurance policies covering fire and extended coverage, liability insurance, workers’ compensation insurance, and such other insurance reasonably required by the City and its attorneys of at least $1,000,000 to insure the City against injury and damage as a result of the activities performed under this Agreement. The aforementioned insurance shall be issued by companies satisfactory to the City with acceptable loss-payee clauses in favor of the City. A copy of the insurance policy or policies required hereunder must be provided to the City. Upon execution of this Agreement, Borrower shall provide to City a certificate or certificates of insurance, such other portions of the policy or policies as the City deems necessary, and the endorsement naming the City as an additional insured. The certificate or certificates shall, as to form, coverage and carrier, be satisfactory to the Director of Law. The policy or policies required hereunder shall provide as follows: “The insurer agrees to send written notice by certified mail to the Director of Law of the City of Cleveland at least 30 days prior to cancellation or reduction of, or any change in, the coverage specified by this policy.” All coverage specified above all shall be maintained for the duration of this Agreement, including any renewals thereof, and shall name the City as an additional insured.
Maintain and Insure Property. The Borrower agrees at all times to maintain the property provided as security for this Loan in a condition equal to the condition of said property at the time this Agreement is executed, normal wear and tear excepted, and in any event in such condition and repair that the Lender's security will be adequately protected. The Borrower also agrees to maintain, during the term of the Loan, adequate hazard insurance policies covering fire and extended coverage and such other hazards as may be deemed appropriate in amounts at least equal to the unpaid balance of the note, and issued by companies satisfactory to the Lender with acceptable loss payee clauses in favor of the Lender. The policy of insurance shall include a proof of insurance provision requiring written notice to Lender prior to cancellation. The Borrower further agrees if, at any time during the life of the Loan the Borrower's property is declared to be within a flood hazard area, to purchase Federal Flood Insurance if available. Such insurance shall be in an amount equal to the lesser of: (i) the amount of the loan; (ii) the insurable value of the property; or (iii) the maximum limit of coverage available. If the property is not located in a flood hazard area at the time of loan closing, the Borrower will provide satisfactory evidence thereof. The Borrower further agrees to maintain adequate liability and workers' compensation insurance in amounts and form satisfactory to the Lender.
Maintain and Insure Property. After the commencement date, Lessee will ---------------------------- provide and pay for all ordinary and necessary repairs and maintenance to the interior and exterior of the building, including without limitation, replacement of broken glass, removal of snow from sidewalks, parking area and roof; interior painting, staining and varnishing; exterior painting, staining and varnishing; replacement of worn or damaged flooring; repair of lighting fixtures; structural repairs and maintenance of
Maintain and Insure Property. Borrower shall at all times maintain and insure its property according to standards in its industry.
Maintain and Insure Property. The Borrower agrees at all times to maintain the property provided as security for this Loan in such condition and repair that the Lender's security will be adequately protected. The Borrower also agrees to maintain during the term of the Loan adequate hazard insurance policies covering fire and extended coverage.-and such other hazards as may be deemed appropriate in amounts and form sufficient to prevent the Borrower from becoming a co-insurer and issued by companies satisfactory to the Lender with acceptable loss payee clauses in favor of the Lender. The Borrower further agrees, if at any time during the life of the Loan the Borrower 's property is declared to be within a flood hazard area, to purchase Federal Flood Insurance if available. Such insurance shall be in an amount equal to the lesser of: I) the amount of the loan; ii) the insurable value of the property; or iii) the maximum limit of coverage available. If the property is not located in a flood hazard area at the time of the Loan closing, the Borrower will provide satisfactory evidence thereof. The Borrower further agrees to maintain adequate liability and workman's compensation insurance in amounts and form satisfactoxx xx xxx Lender.
