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 Agent. In the event of failure by the Borrower to provide and maintain insurance as herein provided, the Agent may, at its option, provide such insurance and charge the amount thereof to the Borrower. The Borrower shall furnish the Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Stride & Associates Inc), Revolving Credit and Term Loan Agreement (Fargo Electronics 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 Agent. In the event of failure by the Borrower Company to provide and maintain insurance as herein provided, the Agent may, at its option, provide such insurance and charge the amount thereof to the BorrowerCompany. The Borrower Company shall furnish the Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 1 contract

Samples: Security Agreement (Cmgi Inc)

Notice of Cancellation, etc. All policies of insurance shall provide for at least thirty (30) days prior written cancellation notice to the Agent. In the event of failure by the Borrower any Company to provide and maintain insurance as herein provided, the Agent may, at its option, provide such insurance and charge the amount thereof to the BorrowerCompanies. The Borrower shall Companies shall, in accordance with the requirements of the Consignment Agreement, furnish the Agent Institution with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 1 contract

Samples: Security Agreement (Finlay Fine Jewelry Corp)

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

Appears in 1 contract

Samples: Security Agreement (National Restaurant Enterprises Holdings Inc)

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

Appears in 1 contract

Samples: Security Agreement (Morgan Group 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 Agent. In the event of failure by the Borrower Company to provide and maintain insurance as herein provided, the Agent may, at its option, provide such insurance and charge the amount thereof to the BorrowerCompany. To the extent the Agent decides to provide such insurance the Agent will notify the Borrower of such election, but any failure by the Agent to give such notice shall not in any way impair any of its rights hereunder. The Borrower Company shall furnish the Agent with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Genrad Inc)

Notice of Cancellation, etc. All policies of insurance shall provide for at least thirty (30) days prior written cancellation notice to the Agent. In the event of failure by the Borrower Company to provide and maintain insurance as herein provided, the Agent may, at its option, provide such insurance and charge the amount thereof to the BorrowerCompany. The Borrower Company shall furnish the Agent with certificates of insurance insurance, and upon the Bank's reasonable request therefor, and policies evidencing compliance with the foregoing insurance provision.

Appears in 1 contract

Samples: Security Agreement (Marcam Corp)

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

Appears in 1 contract

Samples: Security Agreement (National Restaurant Enterprises Holdings Inc)

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