No Separate Insurance. Borrower shall not carry any separate insurance on the Mortgaged Property concurrent in kind or form with any insurance required hereunder or contributing in the event of loss without Administrative Agent’s prior written consent, and any such policy shall have attached a standard non-contributing mortgagee clause, with loss payable to Collateral Agent for the benefit of the Secured Parties, and shall otherwise meet all other requirements set forth herein.
Appears in 4 contracts
Samples: Loan and Security Agreement (Varian Medical Systems Inc), Loan and Security Agreement (Varian Medical Systems Inc), Loan and Security Agreement (Varian Medical Systems Inc)
No Separate Insurance. Borrower shall not carry any separate insurance on the Mortgaged Property concurrent in kind or form with any insurance required hereunder or contributing in the event of loss without Administrative AgentLender’s prior written consent, and any such policy shall have attached a standard non-contributing mortgagee clause, with loss payable to Collateral Agent for the benefit of the Secured PartiesLender, and shall otherwise meet all other requirements set forth herein.
Appears in 3 contracts
Samples: Term Loan Agreement (Rexford Industrial Realty, Inc.), Term Loan Agreement (Rexford Industrial Realty, Inc.), Term Loan Agreement (Rexford Industrial Realty, Inc.)
No Separate Insurance. Borrower shall not carry any separate insurance on the Mortgaged Property concurrent in kind or form with any insurance required hereunder or contributing in the event of loss without Administrative AgentLender’s prior written consent, and any such policy shall have attached a standard non-contributing mortgagee clause, with loss payable to Collateral Agent for the benefit of the Secured PartiesLender, and shall otherwise meet all other requirements set forth herein.
Appears in 3 contracts
Samples: Loan and Security Agreement (Inland Real Estate Income Trust, Inc.), Loan and Security Agreement (Inland Real Estate Income Trust, Inc.), Construction Loan and Security Agreement (Global Growth Trust, Inc.)
No Separate Insurance. Borrower shall not carry any separate insurance on the Mortgaged Property concurrent in kind or form with any insurance required hereunder or contributing in the event of loss without Administrative Agent’s prior written consent, and any such policy shall have attached a standard non-contributing mortgagee clause, with loss payable to Collateral Agent Administrative Agent, for the benefit of the Secured PartiesLenders, and shall otherwise meet all other requirements set forth herein.
Appears in 2 contracts
Samples: Revolving Loan and Security Agreement (Cottonwood Communities, Inc.), Term Loan and Security Agreement (KBS Growth & Income REIT, Inc.)
No Separate Insurance. Borrower shall not carry any separate insurance on the Mortgaged any Borrowing Base Property concurrent in kind or form with any insurance required hereunder or contributing in the event of loss without Administrative Agent’s prior written consent, and any unless such policy shall have attached a standard non-contributing mortgagee clause, with loss payable to Collateral Agent Administrative Agent, for the benefit of the Secured PartiesLenders, and shall otherwise meet all other requirements set forth herein.
Appears in 2 contracts
Samples: Credit Agreement (Creative Media & Community Trust Corp), Credit Agreement (CIM Commercial Trust Corp)
No Separate Insurance. The Borrower shall not carry any separate insurance on the Mortgaged any Collateral Pool Property concurrent in kind or form with any insurance required hereunder or contributing in the event of loss without the Administrative Agent’s prior written consent, and any such policy shall have attached a standard non-contributing mortgagee clause, with loss payable to Collateral Agent the Administrative Agent, for the benefit of the Secured PartiesLenders, and shall otherwise meet all other requirements set forth herein.
Appears in 2 contracts
Samples: Revolving Credit and Term Loan Agreement (Veris Residential, L.P.), Revolving Credit and Term Loan Agreement (Veris Residential, L.P.)
No Separate Insurance. Borrower shall not carry any separate insurance on the Mortgaged Property concurrent in kind or form with any insurance required hereunder or contributing in the event of loss without Administrative Agent’s 's prior written consent, and any such policy shall have attached a standard non-contributing mortgagee clause, with loss payable to Collateral Agent Administrative Agent, for the benefit of the Secured PartiesLenders, and shall otherwise meet all other requirements set forth herein.
Appears in 1 contract
Samples: Term Loan and Security Agreement (KBS Growth & Income REIT, Inc.)
No Separate Insurance. Borrower shall will not carry any separate insurance on the Mortgaged Property concurrent in kind or form with any insurance required hereunder or contributing in the event of loss without Administrative AgentXxxxxx’s prior written consent, and any such policy shall must have attached a standard non-contributing mortgagee clause, with loss payable to Collateral Agent for the benefit of the Secured PartiesLender, and shall must otherwise meet all other requirements set forth herein.
Appears in 1 contract
Samples: Term Loan Agreement (Strategic Student & Senior Housing Trust, Inc.)
