Common use of Maintenance of Insurance and Evidence Thereof Clause in Contracts

Maintenance of Insurance and Evidence Thereof. Continue to maintain or continue to be maintained, insurance with respect to its Properties and businesses against such liabilities, casualties, risks and contingencies as is customary in the relevant industry and sufficient to prevent a Material Adverse Effect, all such insurance to be in amounts and from insurers reasonably acceptable to the Lender, and, on the Closing Date or upon any renewal of any such insurance and at other times upon the reasonable request by the Lender, furnish to the Lender evidence, satisfactory in the good faith judgment of the Lender of the maintenance of such insurance.

Appears in 3 contracts

Samples: Credit Agreement (Fortune Natural Resources Corp), Credit Agreement (Pontotoc Production Inc), Credit Agreement (GMX Resources Inc)

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Maintenance of Insurance and Evidence Thereof. Continue to --------------------------------------------- maintain or continue to be maintained, insurance with respect to its Properties and businesses against such liabilities, casualties, risks and contingencies as is customary in the relevant industry and sufficient to prevent a Material Adverse Effect, all such insurance to be in amounts and from insurers reasonably acceptable to the LenderAgent, and, on the Closing Date or upon any renewal of any such insurance and at other times upon the reasonable request by the LenderAgent, furnish to the Lender Agent evidence, satisfactory in the good faith judgment of the Lender Agent of the maintenance of such insurance.

Appears in 1 contract

Samples: Credit Agreement (Cmi Corp)

Maintenance of Insurance and Evidence Thereof. Continue Obtain and/or continue to maintain or continue to be maintained, insurance with respect to its Properties and businesses against such liabilities, casualties, risks and contingencies as is customary in the relevant industry and sufficient to prevent a Material Adverse Effect, all such insurance to be in amounts and from insurers reasonably acceptable to the Lender, and, on the Closing Date or upon any renewal of any such insurance and at other times upon the reasonable request by the Lender, furnish to the Lender evidence, satisfactory in to the good faith judgment of the Lender Lender, of the maintenance of such insurance.

Appears in 1 contract

Samples: Credit Agreement (Alamco Inc)

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Maintenance of Insurance and Evidence Thereof. Continue to maintain --------------------------------------------- or continue to be maintained, insurance with respect to its Properties and businesses against such liabilities, casualties, risks and contingencies as is customary for companies of comparable size engaged in the relevant industry and sufficient to prevent a Material Adverse Effect, all such insurance to be in amounts and from insurers reasonably acceptable to the Lendersame or similar business, and, on the Closing Date or upon any renewal of any such insurance and at other times upon the reasonable request by the Lender, furnish to the Lender evidence, satisfactory in the good faith judgment of the Lender of the maintenance of such insurance.

Appears in 1 contract

Samples: Credit Agreement (Canaan Energy Corp)

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