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

Appears in 2 contracts

Samples: Security Agreement (XCel Brands, Inc.), Security Agreement (XCel Brands, Inc.)

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

Appears in 1 contract

Samples: Revolving Credit Agreement (Expert Software Inc)

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

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