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 Bank. In the event of failure by the Company to provide and maintain insurance as herein provided, the Bank may, at its option, provide such insurance and charge the amount thereof to the Company. The Company shall furnish 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)

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

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

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

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