Common use of Maintenance of Insurance Policies Clause in Contracts

Maintenance of Insurance Policies. The Servicer shall, in accordance with its Customary Servicing Practices, require that each Lessee shall have obtained all insurance required to be obtained by the Lessee under the applicable Lease. The Servicer shall, in accordance with its Customary Servicing Practices, monitor such insurance with respect to each Lease to the extent required by its Customary Servicing Practices. If a Lessee under any Lease Asset fails to obtain or maintain any insurance required under the related Lease, the Servicer shall act in accordance with its Customary Servicing Practices.

Maintenance of Insurance Policies. The Servicer shall, in accordance with its Customary Servicing Practices, require that each Lessee shall have obtained all insurance required to be obtained by the Lessee under the applicable Series 2007-SN1 Lease. The Servicer shall, in accordance with its Customary Servicing Practices, monitor such insurance with respect to each Lease to the extent required by its Customary Servicing Practicessuch Series 2007-SN1 Lease. If a Lessee under any Series 2007-SN1 Lease Asset fails to obtain or maintain any insurance required under the related Series 2007-SN1 Lease, the Servicer shall act in accordance with its Customary Servicing Practices.