Common use of Notice of Cancellation, etc Clause in Contracts

Notice of Cancellation, etc. All policies of insurance shall provide for at least thirty (30) days prior written cancellation notice to the Administrative Agent. In the event of failure by any of the Borrowers to provide and maintain insurance as herein provided, the Administrative Agent may, at its option, provide such insurance and charge the amount thereof to the Borrowers. Each of the Borrowers shall furnish the Administrative Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 2 contracts

Samples: Security Agreement (Nationsrent Inc), Security Agreement (Nationsrent Inc)

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Notice of Cancellation, etc. All policies of insurance shall ---------------------------- provide for at least thirty (30) days prior written cancellation notice to the Administrative Agent. In the event of failure by any of the Borrowers Subsidiaries to provide and maintain insurance as herein provided, the Administrative Agent may, at its option, provide such insurance and charge the amount thereof to the Borrowerssuch Subsidiary. Each of the Borrowers Subsidiaries shall furnish the Administrative Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 2 contracts

Samples: Credit Agreement (Jackson Products Inc), Security Agreement (Jackson Products Inc)

Notice of Cancellation, etc. All policies of insurance shall --------------------------- provide for at least thirty (30) days prior written cancellation notice to the Administrative Agent. In the event of failure by any of the Borrowers Borrower to provide and maintain insurance as herein provided, the Administrative Agent may, at its option, provide such insurance and charge the amount thereof to the BorrowersBorrower. Each of the Borrowers The Borrower shall furnish the Administrative Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 2 contracts

Samples: Credit Agreement (Jackson Products Inc), Security Agreement (Jackson Products Inc)

Notice of Cancellation, etc. All policies of insurance shall ------ -- ------------ --- provide for at least thirty (30) 30 days prior written cancellation notice to the Administrative Agent. In the event of failure by any of the Borrowers to provide and maintain insurance as herein provided, the Administrative Agent may, at its option, provide such insurance and charge the amount thereof to the Borrowers. Each of the The Borrowers shall furnish the Administrative Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 1 contract

Samples: Security Agreement (Moran Transportation Co)

Notice of Cancellation, etc. All policies of insurance shall provide for at least thirty (30) days prior written cancellation notice to the Administrative Agent. In the event of failure by any of the Borrowers Company to provide and maintain insurance as herein provided, the Administrative Agent may, at its optionoption upon five (5) days prior notice to the Company, provide obtain such insurance and charge the amount thereof to the Borrowers. Each of the Borrowers shall furnish the Administrative Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provisionCompany.

Appears in 1 contract

Samples: Term Loan Agreement (Bangor Hydro Electric Co)

Notice of Cancellation, etc. All policies of insurance shall provide for at least thirty (30) days prior written cancellation notice to the Administrative Agent. In the event of failure by any of the Borrowers Assignor to provide and maintain insurance as herein provided, the Administrative Agent may, at its option, provide such insurance and charge the amount thereof to the Borrowerssuch Assignor. Each of the Borrowers The Assignors shall furnish the Administrative Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 1 contract

Samples: Security Agreement (Wichita Manufacturing Inc)

Notice of Cancellation, etc. All policies of insurance shall ---------------------------- provide for at least thirty (30) days prior written cancellation notice to the Administrative Agent. In the event of failure by any of the Borrowers Company to provide and maintain insurance as herein provided, the Administrative Agent may, at its option, provide such insurance and charge the amount thereof to the BorrowersCompany. Each of the Borrowers The Company shall furnish the Administrative Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 1 contract

Samples: Security Agreement (CMG Information Services Inc)

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Notice of Cancellation, etc. All policies of insurance shall provide for at least ten (10) days prior written cancellation notice to the Agent if cancellation is due to failure to pay premiums and thirty (30) days prior written cancellation notice to the Administrative AgentAgent if cancellation is due to any other reason. In the event of failure by any of the Borrowers Company to provide and maintain insurance as herein provided, the Administrative Agent may, at its option, provide such insurance and charge the amount thereof to the Borrowerssuch Company. Each of the Borrowers The Companies shall furnish the Administrative Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 1 contract

Samples: Security Agreement (Charlotte Russe Holding Inc)

Notice of Cancellation, etc. All policies of insurance shall provide for at least thirty (30) days days' prior written cancellation notice to the Administrative Agent. In the event of failure by any of the Borrowers Company to provide and maintain insurance as herein provided, the Administrative Agent may, at its option, provide such insurance and charge the amount thereof to the Borrowerssaid Company. Each of the Borrowers Companies shall furnish the Administrative Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 1 contract

Samples: Stock Pledge Agreement (Metallurg Inc)

Notice of Cancellation, etc. All policies of insurance shall provide for at least thirty (30) days prior written cancellation notice to the Administrative Agent. In the event of failure by any of the Borrowers to provide and maintain insurance as herein provided, the Administrative Agent may, at its option, provide such insurance and charge the amount thereof to the Borrowers. Each of the Borrowers shall furnish the Administrative Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 1 contract

Samples: Security Agreement (Nationsrent Inc)

Notice of Cancellation, etc. All policies of insurance shall ---------------------------- provide for at least thirty (30) days prior written cancellation notice to the Administrative Agent. In the event of failure by any of the Borrowers either Company to provide and maintain insurance as herein provided, the Administrative Agent may, at its option, provide such insurance and charge the amount thereof to the Borrowerssuch Company. Each of the Borrowers Company shall furnish the Administrative Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 1 contract

Samples: Security Agreement (CMG Information Services Inc)

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