Common use of Notice of Cancellation, etc Clause in Contracts

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

Appears in 2 contracts

Samples: Security Agreement (Great Plains Ethanol LLC), Security Agreement (East Kansas Agri Energy LLC)

AutoNDA by SimpleDocs

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

Appears in 2 contracts

Samples: Credit Agreement (Eltrax Systems Inc), Security Agreement (Eltrax Systems Inc)

Notice of Cancellation, etc. All policies of insurance shall provide for at least 30 thirty (30) days prior written cancellation notice to the Lender, except ten (10) days for non-payment of premium. In the event of failure by Borrower the Company to provide and maintain insurance as herein provided, the Lender may, at its option, provide such insurance and charge the amount thereof to Borrowerthe Company. Borrower The Company shall furnish the Lender with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

Appears in 1 contract

Samples: Security Agreement (Precision Optics Corporation, Inc.)

AutoNDA by SimpleDocs

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

Appears in 1 contract

Samples: Security Agreement (Eroom Technology Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!