Common use of Policies of Insurance Clause in Contracts

Policies of Insurance. Schedule 5.25 sets forth a true and complete listing of all insurance maintained by the Loan Parties as of the Effective Date. Such insurance has not been terminated and is in full force and effect, and each of the Loan Parties has taken all action required to be taken as of the date of this Agreement to keep unimpaired its rights thereunder in all material respects. The Properties of the Loan Parties are insured with financially sound and reputable insurance companies not Affiliates of the Loan Parties in such amounts, with such deductibles and covering such risks as are customarily carried by companies engaged in similar businesses and owning similar properties.

Policies of Insurance. Schedule 5.25 sets forth a true and complete listing of all insurance maintained by the Loan Parties as of the Effective Closing Date. Such insurance has not been terminated and is in full force and effect, and each of the Loan Parties has taken all action required to be taken as of the date of this Agreement to keep unimpaired its rights thereunder in all material respects. The Properties of the Loan Parties are insured with financially sound and reputable insurance companies not Affiliates of the Loan Parties in such amounts, with such deductibles and covering such risks as are customarily carried by companies engaged in similar businesses and owning similar propertiesproperties in localities where the Loan Parties operate.