Maintenance of Insurance. Maintain, and cause each Significant Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to the same extent as other companies engaged in similar businesses and owning similar properties and to the extent consistent with prudent business practice.
Appears in 22 contracts
Samples: Credit Agreement (Ohio Power Co), Credit Agreement (Ohio Power Co), Credit Agreement (Ohio Power Co)
Maintenance of Insurance. Maintain, and cause each Significant Designated Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to properties in the same extent as other companies engaged general areas in similar businesses and owning similar properties and to which the extent consistent with prudent business practiceCompany or such Subsidiary operates.
Appears in 20 contracts
Samples: Five Year Credit Agreement (Honeywell International Inc), Five Year Credit Agreement (Honeywell International Inc), Five Year Credit Agreement (Honeywell International Inc)
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that properties in the same general areas in which the Borrower and each Significant or such Subsidiary may self-insure to the same extent as other companies engaged in similar businesses and owning similar properties and to the extent consistent with prudent business practiceoperates.
Appears in 16 contracts
Samples: Credit Agreement (Packaging Corp of America), Credit Agreement (Packaging Corp of America), Credit Agreement (Packaging Corp of America)
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary of such Borrower to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the each Borrower and each Significant Subsidiary of such Borrower may self-insure to the same extent as other companies engaged in similar businesses and owning similar properties and to the extent consistent with prudent business practice.
Appears in 14 contracts
Samples: Credit Agreement (Columbus Southern Power Co /Oh/), Credit Agreement (Southwestern Electric Power Co), Credit Agreement (Ohio Power Co)
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary to maintain, insurance with responsible financially sound and reputable insurance companies or associations in such amounts and covering such risks as is are usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to the same extent as other companies engaged in or a similar businesses business and owning similar properties and to the extent consistent with prudent business practicesimilarly situated, which insurance may provide for reasonable deductibility from coverage thereof.
Appears in 13 contracts
Samples: Promissory Note Agreement (Integrated Environmental Technologies, Ltd.), Loan Agreement (Lynch Corp), Revolving Credit Agreement (Artistic Greetings Inc)
Maintenance of Insurance. Maintain, and and, in the case of the Company, cause each Significant Principal Subsidiary and each Restricted Affiliate to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to properties in the same extent as other companies engaged general areas in similar businesses and owning similar properties and to which the extent consistent with prudent business practiceCompany, such Subsidiary or such Restricted Affiliate operates.
Appears in 10 contracts
Samples: Agreement (El Paso Tennessee Pipeline Co), Agreement (El Paso Tennessee Pipeline Co), Agreement (El Paso Natural Gas Co)
Maintenance of Insurance. Maintain, and cause each Significant Material Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided(or, howeveras applicable, that the Borrower and each Significant Subsidiary may self-insure in a manner and to the same an extent as other not inconsistent with conventions observed by) companies engaged in similar businesses and owning similar properties and to in the extent consistent with prudent business practicesame general areas in which the Company or such Material Subsidiary operates.
Appears in 10 contracts
Samples: Five Year Credit Agreement (Edwards Lifesciences Corp), Five Year Credit Agreement (Edwards Lifesciences Corp), Five Year Credit Agreement (Edwards Lifesciences Corp)
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to properties in the same extent as other companies engaged general areas in similar businesses and owning similar properties and to which the extent consistent with prudent business practiceCompany or such Subsidiary operates.
Appears in 10 contracts
Samples: Purchase Agreement (World Energy Solutions, Inc.), Credit Agreement (Progress Energy Inc), Warrant Purchase Agreement (World Energy Solutions, Inc.)
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations in (including affiliated companies) for such amounts and amounts, covering such risks and with such deductibles as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to the same extent as other companies of comparable size engaged in similar businesses and owning similar properties and to in the extent consistent with prudent business practicesame general areas in which the Borrower or such Subsidiary operates, or maintain a sound self-insurance program for such risks as may be prudently self-insured.
Appears in 9 contracts
Samples: Five Year Credit Agreement (Colgate Palmolive Co), Day Credit Agreement (Colgate Palmolive Co), Day Credit Agreement (Colgate Palmolive Co)
Maintenance of Insurance. Maintain, and cause each Significant Material Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided(or, howeveras applicable, that the Borrower and each Significant Subsidiary may self-insure in a manner and to the same an extent as other not inconsistent with conventions observed by) companies engaged in similar businesses and owning similar properties and to in the extent consistent with prudent business practicesame general areas in which the Borrower or such Material Subsidiary operates.
Appears in 8 contracts
Samples: Credit Agreement (Baxter International Inc), Credit Agreement (Baxalta Inc), Credit Agreement (Baxter International Inc)
Maintenance of Insurance. Maintain, and cause each Significant Restricted Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations (or, to the extent consistent with prudent business practice, through its own program of self-insurance) in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to properties in the same extent as other companies engaged general areas in similar businesses and owning similar properties and to which the extent consistent with prudent business practiceParent Borrower or such Restricted Subsidiary operates.
Appears in 7 contracts
Samples: Joinder Agreement (Brinks Co), Credit Agreement (Brinks Co), Credit Agreement (Brinks Co)
Maintenance of Insurance. Maintain, and and, in the case of the Company, cause each Significant Principal Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to properties in the same extent as other companies engaged general areas in similar businesses and owning similar properties and to which the extent consistent with prudent business practiceCompany or such Subsidiary operates.
Appears in 7 contracts
Samples: Agreement (Tennessee Gas Pipeline Co), Agreement (El Paso Tennessee Pipeline Co), Agreement (El Paso Energy Corp/De)
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary of the Company to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to properties in the same extent as other companies engaged general areas in similar businesses and owning similar properties and to which the extent consistent with prudent business practiceCompany or such Subsidiary operates.
Appears in 6 contracts
Samples: Credit Agreement (Progress Energy Inc), Credit Agreement (Progress Energy Inc), Credit Agreement (Florida Progress Corp)
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary to maintain, insurance with responsible and financially sound reputable insurance companies or associations (or, in the case of insurance for construction warranties and builder default protection for buyers of Housing Units from the Borrower or any of its Subsidiaries, UHIC) in such amounts and covering such risks as is are usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to the same extent as other companies engaged in or a similar businesses business and owning similar properties and to the extent consistent with prudent business practicesimilarly situated, which insurance may provide for reasonable deductibility from coverage thereof.
Appears in 6 contracts
Samples: Assignment Agreement, Assignment Agreement (Beazer Homes Usa Inc), Assignment Agreement (Beazer Homes Usa Inc)
Maintenance of Insurance. Maintain, and cause each Significant Restricted Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations (or, to the extent consistent with prudent business practice, through its own program of self-insurance) in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that properties in the same general areas in which the Borrower and each Significant or such Restricted Subsidiary may self-insure to the same extent as other companies engaged in similar businesses and owning similar properties and to the extent consistent with prudent business practiceoperates.
Appears in 5 contracts
Samples: Letter of Credit Agreement (Brinks Co), Letter of Credit Agreement (Brinks Co), Letter of Credit Agreement (Brinks Co)
Maintenance of Insurance. (a) Maintain, and cause each Significant Subsidiary to maintain, insurance with responsible financially sound and reputable insurance companies not Affiliates of the Borrower, insurance with respect to its properties and business against loss or associations damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts and covering as are customarily carried under similar circumstances by such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to the same extent as other companies engaged in similar businesses and owning similar properties and to the extent consistent with prudent business practicePersons.
Appears in 5 contracts
Samples: Credit Agreement (Compass Group Diversified Holdings LLC), Credit Agreement (5.11 Abr Corp.), Credit Agreement (Compass Group Diversified Holdings LLC)
Maintenance of Insurance. Maintain, and cause each Significant Restricted Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar propertiesproperties in the same general areas in which the Company or such Restricted Subsidiary operates; provided, however, that the Borrower Company and each Significant Subsidiary its Restricted Subsidiaries may self-insure to the same extent as other companies engaged in similar businesses and owning similar properties and to the extent consistent with prudent business practice.
Appears in 4 contracts
Samples: Letter of Credit Facility Agreement (Eastman Kodak Co), Credit Agreement (Eastman Kodak Co), Letter of Credit Facility Agreement (Eastman Kodak Co)
Maintenance of Insurance. Maintain, and cause each Significant Material Subsidiary to maintain, insurance insurance, either with responsible and reputable insurance companies or associations associations, or through its own program of self-insurance, in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to properties in the same extent as other companies engaged general areas in similar businesses and owning similar properties and to which the extent consistent with prudent business practiceCompany or such Material Subsidiary operates.
Appears in 4 contracts
Samples: Reimbursement Agreement (Pinnacle West Capital Corp), Reimbursement Agreement (Pinnacle West Capital Corp), Reimbursement Agreement (Pinnacle West Capital Corp)
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually customarily carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to properties in the same extent as other companies engaged general areas in similar businesses and owning similar properties and to which the extent consistent with prudent business practiceCompany or such Subsidiary operates.
Appears in 4 contracts
Samples: Investor Rights Agreement (Inotek Pharmaceuticals Corp), Rights Agreement (Voxware Inc), Investor Rights Agreement (Voxware Inc)
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary to maintain, insurance with responsible financially sound and reputable insurance companies or associations in such amounts and covering such risks as is are usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to the same extent as other companies engaged in or a similar businesses business and owning similar properties and to the extent consistent with prudent business practicesimilarly situated, which insurance may provide for reasonable deductibility from coverage thereof, provided that Borrower may self insure such risks through a financially sound self insurance program.
Appears in 4 contracts
Samples: Credit and Term Loan Agreement, Revolving Credit Agreement (Burlington Coat Factory Warehouse Corp), Revolving Credit and Term Loan Agreement (Burlington Coat Factory Warehouse Corp)
Maintenance of Insurance. MaintainThe Company shall maintain, and cause each Significant ------------------------ Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to properties in the same extent as other companies engaged general areas in similar businesses and owning similar properties and to which the extent consistent with prudent business practiceCompany or such Subsidiary operates.
Appears in 4 contracts
Samples: Investor Rights Agreement (Cahill Edward L), Subordinated Debenture Purchase Agreement (Cahill Edward L), Subordinated Debenture and Warrant Purchase Agreement (Concorde Career Colleges Inc)
Maintenance of Insurance. Maintain, and cause each Significant Restricted Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations (or, to the extent consistent with prudent business practice, through its own program of self-insurance) in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to properties in the same extent as other companies engaged general areas in similar businesses and owning similar properties and to which the extent consistent with prudent business practiceParent or such Restricted Subsidiary operates.
Appears in 3 contracts
Samples: Credit Agreement (Brinks Co), Credit Agreement (Brinks Co), Credit Agreement (Brinks Co)
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary subsidiary to maintain, insurance with responsible financially sound and reputable insurance companies or associations in such amounts and covering such risks as is are usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to the same extent as other companies engaged in or a similar businesses business and owning similar properties and to the extent consistent with prudent business practicesimilarly situated, which insurance may provide for reasonable deductibility from coverage thereof.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Americas Carmart Inc), Agented Revolving Credit Agreement (Americas Carmart Inc), Agented Revolving Credit Agreement (Crown Group Inc /Tx/)
Maintenance of Insurance. MaintainThe Company will maintain, and cause each Significant Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks (a) as is usually carried by companies engaged in similar businesses and owning similar properties; providedproperties in the same general areas in which the Company or such Subsidiary, howeveras applicable, that the Borrower operates and each Significant Subsidiary may self-insure (b) as is reasonably acceptable to the same extent as other companies engaged in similar businesses and owning similar properties and to the extent consistent with prudent business practiceRequired Holders.
Appears in 3 contracts
Samples: Master Shelf Agreement (Crosstex Energy Lp), Note Purchase Agreement (Crosstex Energy Lp), Master Shelf Agreement (Crosstex Energy Lp)
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary to maintain, insurance with responsible and financially sound reputable insurance companies or associations (or, in the case of insurance for construction warranties and builder default protection for buyers of Housing Units from the Borrower or any of its Subsidiaries or UHIC) in such amounts and covering such risks as is are usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to the same extent as other companies engaged in or a similar businesses business and owning similar properties and to the extent consistent with prudent business practicesimilarly situated, which insurance may provide for reasonable deductibility from coverage thereof.
Appears in 3 contracts
Samples: Credit Agreement (Beazer Homes Usa Inc), Assignment Agreement (Beazer Homes Usa Inc), Credit Agreement (Beazer Homes Usa Inc)
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to properties in the same extent as other companies engaged general areas in similar businesses and owning similar properties and which the Company or such Subsidiary operates, but in any event sufficient to prevent the extent consistent with prudent business practiceCompany or such Subsidiary from being a co-insurer.
Appears in 3 contracts
Samples: Note Purchase Agreement (Dynasil Corp of America), Note Purchase Agreement (Dynasil Corp of America), Security Agreement (Dynasil Corp of America)
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary to maintain, insurance with responsible financially sound and reputable insurance companies or associations in such amounts and covering such risks as is are usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to the same extent or a similar business and similarly situated, which insurance may provide for reasonable deductibility from coverage thereof. The Borrower shall provide at all times a current Property Insurance Certificate (Form Accord 27) showing the Bank as other companies engaged in similar businesses loss payee and owning similar properties and to the extent consistent with prudent business practiceadditional insured.
Appears in 2 contracts
Samples: Revolving Loan Agreement (Photomedex Inc), Revolving Loan Agreement (Surgical Laser Technologies Inc /De/)
Maintenance of Insurance. MaintainThe Company shall maintain, and cause each Significant Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to properties in the same extent as other companies engaged general areas in similar businesses and owning similar properties and to which the extent consistent with prudent business practiceCompany or such Subsidiary operates.
Appears in 2 contracts
Samples: Debenture and Warrant Purchase Agreement (Cahill Edward L), Subordinated Debenture and Warrant Purchase Agreement (Cahill Edward L)
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to the same extent as other companies engaged in similar businesses and owning similar properties and to the extent consistent with prudent business practice.. (g)
Appears in 2 contracts
Samples: Credit Agreement (Ohio Power Co), Credit Agreement (Ohio Power Co)
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that in the same general areas in which the Borrower and each Significant or such Subsidiary may self-insure to the same extent as other companies engaged in similar businesses and owning similar properties and to the extent consistent with prudent business practiceoperates.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Cal Maine Foods Inc), Revolving Credit Agreement (Cal Maine Foods Inc)
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary to maintain, insurance with responsible financially sound and reputable insurance companies or associations in such amounts and covering such risks as is are usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to the same extent as other companies engaged in or a similar businesses business and owning similar properties and to the extent consistent with prudent business practicesimilarly situated, which insurance may provide for reasonable deductibility from its coverage.
Appears in 2 contracts
Samples: Registration Rights Agreement (United States Antimony Corp), Agreement (Eautoclaims Com Inc)
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary to maintain, insurance with responsible and financially sound reputable insurance companies or associations (or, in the case of insurance for construction warranties and builder default protection for buyers of housing units from the Borrower or any of its Subsidiaries) in such amounts and covering such risks as is are usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to the same extent as other companies engaged in or a similar businesses business and owning similar properties and to the extent consistent with prudent business practicesimilarly situated, which insurance may provide for reasonable deductibility from coverage thereof.
Appears in 2 contracts
Samples: Credit Agreement (Beazer Homes Usa Inc), Credit Agreement (Beazer Homes Usa Inc)
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary subsidiary to ------------------------ maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually customarily carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to properties in the same extent as other companies engaged general areas in similar businesses and owning similar properties and to which the extent consistent with prudent business practice.Company or such subsidiary operates;
Appears in 2 contracts
Samples: Investor Rights Agreement (Pozen Inc /Nc), Investor Rights Agreement (Pozen Inc /Nc)
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary to maintain, insurance on its or their properties with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; providedproperties in the same general areas in which Borrower or such Subsidiary operates. Borrower will deliver to the Agent, however, that at the time of making the first Loans and on the last day of each fiscal year thereafter a statement or insurance company certificate in such detail as the Agent may request as to all insurance coverage of Borrower and each Significant Subsidiary may self-insure to the same extent as other companies engaged in similar businesses and owning similar properties and to the extent consistent with prudent business practiceall of its Subsidiaries.
Appears in 2 contracts
Samples: Loan Agreement (Foster L B Co), Loan Agreement (Foster L B Co)
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations with a captive insurance company that is an Affiliate of the Borrower as to which the Agent may request reasonable evidence of financial responsibility, insurance with respect to its properties in such amounts with such deductibles and covering such risks as is usually are customarily carried by companies engaged in with similar businesses financial capacity and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to the same extent as other companies engaged in similar businesses and owning similar properties and to in localities where the extent consistent with prudent business practiceBorrower or applicable Subsidiaries operates.
Appears in 2 contracts
Samples: Credit Agreement (Hillenbrand, Inc.), Credit Agreement (Hill-Rom Holdings, Inc.)
Maintenance of Insurance. Maintain, and cause each Significant Restricted Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations (or, to the extent consistent with prudent business practice, through its own program of self-insurance) in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to properties in the same extent as other companies engaged general areas in similar businesses and owning similar properties and to the extent consistent with prudent business practicewhich Applicant or such Restricted Subsidiary operates.
Appears in 2 contracts
Samples: Continuing Agreement (Brinks Co), Issuance and Reimbursement Agreement (Brinks Co)
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary of the Borrower to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary thereof may self-insure to the same extent as other companies engaged in similar businesses and owning similar properties and to the extent consistent with prudent business practice.
Appears in 2 contracts
Samples: Credit Agreement (Ohio Power Co), Term Credit Agreement (AEP Transmission Company, LLC)
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary to maintain, insurance with responsible and financially sound reputable insurance companies or associations (or, in the case of insurance for construction warranties and builder default protection for buyers of Housing Units from the Borrower or any of its Subsidiaries or UHIC) in such amounts and covering such risks as is usually are customarily carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to the same extent as other companies engaged in or a similar businesses business and owning similar properties and to the extent consistent with prudent business practicesimilarly situated, which insurance may provide for reasonable deductibility from coverage thereof.
Appears in 2 contracts
Samples: Term Loan Agreement (Beazer Homes Usa Inc), Credit Agreement (Beazer Homes Usa Inc)
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to properties in the same extent as other companies engaged general areas in similar businesses which the relevant Borrower or Subsidiary operates, and owning similar properties in any event in amounts sufficient to prevent the Borrowers and to the extent consistent with prudent business practiceSubsidiaries from becoming co-insurers.
Appears in 1 contract
Samples: Registration Rights Agreement (Odyssey Healthcare Inc)
Maintenance of Insurance. Maintain, and cause each Significant Restricted Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations (or, to the extent consistent with prudent business practice, through its own program of self-insurance) in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to properties in the same extent as other companies engaged general areas in similar businesses and owning similar properties and to the extent consistent with prudent business practicewhich it operates.
Appears in 1 contract
Samples: Credit Agreement (Pittston Co)
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary to maintain, insurance with responsible financially sound and reputable insurance companies or associations in such amounts and covering such risks as is are usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to the same extent as other companies engaged in or a similar businesses business and owning similar properties and to similarly situated, including the extent consistent with prudent business practiceinsurance required by the Security Agreement.
Appears in 1 contract
Samples: Credit Agreement (Microdyne Corp)
Maintenance of Insurance. MaintainThe Company shall maintain, and cause each Significant Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually customarily carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to properties in the same extent as other companies engaged general areas in similar businesses and owning similar properties and to which the extent consistent with prudent business practiceCompany or such Subsidiary operates.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Cempra Holdings, LLC)
Maintenance of Insurance. Maintain, and cause each Significant ------------------------ Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to properties in the same extent as other companies engaged general areas in similar businesses which the Company or such Subsidiary operates, and owning similar properties and in any event in amounts sufficient to prevent the extent consistent with prudent business practiceCompany or such Subsidiary from becoming a co-insurer.
Appears in 1 contract
Samples: Loislaw Com Inc
Maintenance of Insurance. Maintain, and and, in the case of the Company, cause each Significant Principal Subsidiary and each Restricted Affiliate to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to properties in the same extent as other companies engaged general areas in similar businesses and owning similar properties and to 54 49 which the extent consistent with prudent business practiceCompany, such Subsidiary or such Restricted Affiliate operates.
Appears in 1 contract
Samples: El Paso Natural Gas Co
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary ------------------------- to maintain, insurance with responsible and reputable insurance companies or associations insurance in such amounts and covering such risks as is usually carried by companies engaged in of similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to the same extent as other companies size engaged in similar businesses and owning similar properties and to in the extent consistent with prudent business practicesame general areas in which the Company or such Subsidiary operates.
Appears in 1 contract
Samples: Content License and Marketing Agreement (Mothernature Com Inc)
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to properties in the same extent as other companies engaged general areas in similar businesses and owning similar properties and to which the extent consistent with prudent business practiceCompany or any such Subsidiary operates.
Appears in 1 contract
Samples: Encon Systems Inc
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary to ------------------------ maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to properties in the same extent as other companies engaged general areas in similar businesses and owning similar properties and which the Company or such Subsidiary operates, but in any event in amounts sufficient to prevent the extent consistent with prudent business practiceCompany or such Subsidiary from becoming a co-insurer.
Appears in 1 contract
Samples: Peritus Software Services Inc
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary to ------------------------ maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to properties in the same extent as other companies engaged general areas in similar businesses and owning similar properties and to which the extent consistent with prudent business practiceCompany or such relevant Subsidiary operates.
Appears in 1 contract
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary to maintain, insurance with responsible and financially sound reputable insurance companies or associations (or, in the case of insurance for construction warranties and builder default protection for buyers of Housing Units from the Borrower or any of its Subsidiaries, UHIC or Meridian) in such amounts and covering such risks as is are usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to the same extent as other companies engaged in or a similar businesses business and owning similar properties and to the extent consistent with prudent business practicesimilarly situated, which insurance may provide for reasonable deductibility from coverage thereof.
Appears in 1 contract
Maintenance of Insurance. Maintain, and as appropriate and necessary cause each Significant Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations insurance in such amounts and covering such risks as is usually carried by companies engaged in of similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to the same extent as other companies size engaged in similar businesses and owning similar properties and to in the extent consistent with prudent business practicesame general areas in which the Company or such Subsidiary.
Appears in 1 contract
Samples: Preferred Stock Purchase Agreement (Cumetrix Data Systems Corp)
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary ------------------------ to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to properties in the same extent as other companies engaged general areas in similar businesses and owning similar properties and to which the extent consistent with prudent business practiceCompany or such Subsidiary operates.
Appears in 1 contract
Samples: Lionbridge Technologies Inc /De/
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to properties in the same extent as other companies engaged general areas in similar businesses and owning similar properties and which the Company or such Subsidiary operates, but in any event in amounts sufficient to prevent the extent consistent with prudent business practiceCompany or such Subsidiary from becoming a co-insurer.
Appears in 1 contract
Samples: Third Amendment Agreement (Monitronics International Inc)
Maintenance of Insurance. Maintain, and and, in the case of the Company, cause each Significant Principal Subsidiary and each Restricted Affiliate to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to properties in the same extent as other companies engaged general areas in similar businesses and owning similar properties and to 53 49 which the extent consistent with prudent business practiceCompany, such Subsidiary or such Restricted Affiliate operates.
Appears in 1 contract
Samples: Agreement (El Paso Natural Gas Co)
Maintenance of Insurance. Maintain, and cause each Significant Principal Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to properties in the same extent as other companies engaged general areas in similar businesses and owning similar properties and to which the extent consistent with prudent business practiceCompany or such Subsidiary operates.
Appears in 1 contract
Samples: El Paso Corp/De
Maintenance of Insurance. Maintain, and cause each Significant Principal Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that properties in the same general areas in which the Borrower and each Significant or such Subsidiary may self-insure to the same extent as other companies engaged in similar businesses and owning similar properties and to the extent consistent with prudent business practiceoperates.
Appears in 1 contract
Samples: Credit Facility Agreement (Credit Suisse First Boston Usa Inc)
Maintenance of Insurance. Maintain, and cause each Significant Restricted Subsidiary to maintain, insurance with responsible commercially reasonable and reputable insurance companies or associations in such amounts and covering such risks as is are usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to the same extent as other companies engaged in or a similar businesses business and owning similar properties and to the extent consistent with prudent business practicesimilarly situated, which insurance may provide for reasonable deductibility from coverage thereof.
Appears in 1 contract
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary to maintain, insurance with responsible financially sound and reputable insurance companies or associations in such amounts and covering such risks as is are usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to the same extent or a similar business and similarly situated, including, without limitation, insurance covering the Inventory and Equipment as other companies engaged in similar businesses and owning similar properties and to the extent consistent with prudent business practicerequired hereby.
Appears in 1 contract
Samples: Loan and Security Agreement (Template Software Inc)
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary of the Borrower to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary thereof may self-insure to the same extent as other companies engaged in similar businesses and owning similar properties and to the extent consistent with prudent business practice.. (g)
Appears in 1 contract
Samples: Credit Agreement (Ohio Power Co)
Maintenance of Insurance. Maintain, and cause each Significant Material Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to properties in the same extent as other companies engaged general areas in similar businesses and owning similar properties and to the extent consistent with prudent business practicewhich such Person operates.
Appears in 1 contract
Samples: Credit Agreement (Uil Holdings Corp)
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary to maintain, insurance with responsible financially sound and reputable insurance companies or associations in such amounts and covering such risks as is are usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to the same extent or a similar business and similarly situated, which insurance may provide for reasonable deductibility from coverage thereof and shall reflect the Bank as other companies engaged in similar businesses and owning similar properties and to the extent consistent with prudent business practicean additional named insured or additional loss payee thereunder.
Appears in 1 contract
Maintenance of Insurance. Maintain, and cause each Significant of its Subsidiary Parties to maintain, workers' compensation, general liability and property casualty insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that properties in the same general areas in which the Borrower and each Significant or such Subsidiary may self-insure to the same extent as other companies engaged in similar businesses and owning similar properties and to the extent consistent with prudent business practiceoperates.
Appears in 1 contract
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary to maintain, insurance with responsible financially sound and reputable insurance companies or associations in such amounts and covering such risks risk as is are usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to the same extent as other companies engaged in or a similar businesses business and owning similar properties and to the extent consistent with prudent business practicesimilarly situated.
Appears in 1 contract
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary to ------------------------ maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in of similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to the same extent as other companies size engaged in similar businesses and owning similar properties and in the same general areas in which the Company or such Subsidiary operates, but in any event in amounts sufficient, in the case of real property, to prevent the extent consistent with prudent business practiceCompany or such Subsidiary from becoming a co-insurer.
Appears in 1 contract
Maintenance of Insurance. Maintain, and cause each Significant Material Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided(or, howeveras applicable, that the Borrower and each Significant Subsidiary may self-insure in a manner and to the same an extent as other not inconsistent with conventions observed by) companies engaged in similar businesses and owning similar properties and to in the extent consistent with prudent business practicesame general areas in which the Borrower or such Subsidiary operates.
Appears in 1 contract
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary ------------------------ to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to properties in the same extent as other companies engaged general areas in similar businesses which the Company or such Subsidiary operates, and owning similar properties and in any event in amounts sufficient to prevent the extent consistent with prudent business practiceCompany or such Subsidiary from becoming a co- insurer.
Appears in 1 contract
Samples: Loislaw Com Inc
Maintenance of Insurance. Maintain, and cause each Significant Designated Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to properties in the same extent as other companies engaged general areas in similar businesses and owning similar properties and to which the extent consistent with prudent business practice.Company or such Subsidiary operates. (d)
Appears in 1 contract
Samples: Five Year Credit Agreement (Honeywell International Inc)
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary to ------------------------ maintain, insurance with responsible financially sound and reputable insurance companies or associations in such amounts and covering such risks as is are usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to the same extent as other companies engaged in or a similar businesses business and owning similar properties and to the extent consistent with prudent business practicesimilarly situated.
Appears in 1 contract
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to properties in the same extent as other companies engaged general areas in similar businesses which the Company or such Subsidiary operates and owning similar properties and in any event in amounts sufficient to prevent the extent consistent with prudent business practiceCompany or such Subsidiary from becoming a co-insurer.
Appears in 1 contract
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations in (including affiliated companies) for such amounts and amounts, covering such risks and with such deductibles as is usually carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to the same extent as other companies of comparable size engaged in similar businesses and owning similar properties and to in the extent consistent with prudent business practice.same general areas in which the Borrower or such Subsidiary operates, or maintain a sound self-insurance program for such risks as may be prudently self-insured. (e)
Appears in 1 contract
Maintenance of Insurance. Maintain, and cause each Significant Subsidiary subsidiary to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually customarily carried by companies engaged in similar businesses and owning similar properties; provided, however, that the Borrower and each Significant Subsidiary may self-insure to properties in the same extent as other companies engaged general areas in similar businesses and owning similar properties and to which the extent consistent with prudent business practice.Company or such subsidiary operates;
Appears in 1 contract
Samples: Rights Agreement (Liposcience Inc)