Properties, Business, Insurance. The Company shall maintain its properties and business, with financially sound and reputable insurers, insurance against such casualties and contingencies and of such types and in such amounts as is customary for companies similarly situated, which insurance shall be deemed by the Company to be sufficient. The Company shall not cause or permit any assignment or change in beneficiary and shall not borrow against any such policy.
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Samples: Stock Purchase Agreement (Chromavision Medical Systems Inc), Investment Agreement (Who Vision Systems Inc /Fl)
Properties, Business, Insurance. The Company shall maintain maintain, as to its properties and businessthe Business, with financially sound and reputable insurers, insurance against such casualties and contingencies and of such types and in such amounts as is customary for companies similarly situated, which insurance shall be deemed by the Company to be sufficient. The Company shall not cause or permit any assignment or change in beneficiary and shall not borrow against any such policy.
Appears in 2 contracts
Samples: Common Stock Purchase Agreement (Chesapeake Biological Laboratories Inc), Preferred Stock Purchase Agreement (Chesapeake Biological Laboratories Inc)
Properties, Business, Insurance. The Company shall maintain maintain, as to its properties and businessbusinesses, with financially sound and reputable insurers, insurance against such casualties and contingencies and of such types and in such amounts as is customary for companies similarly situated, which insurance shall be deemed by the Company to be sufficient. The Company shall not cause or permit , including, without limitation, Federal Flood Insurance if any assignment or change in beneficiary and shall not borrow against any such policy.of the Company's offices or
Appears in 1 contract
Samples: Preferred Stock Purchase Agreement (Polk Audio Inc)
Properties, Business, Insurance. The Company shall maintain maintain, as to its properties and business, with financially sound and reputable insurers, insurance against such casualties and contingencies and of such types and in such amounts as is customary for companies of a similar size and financial condition similarly situated, which insurance shall be deemed by situated within the Company to be sufficient. The Company shall not cause or permit any assignment or change in beneficiary and shall not borrow against any such policysame industry.
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Samples: Series B Convertible Preferred Stock Purchase Agreement (Digital Generation Systems Inc)
Properties, Business, Insurance. The Company shall maintain as to its properties and business, with financially sound and reputable insurers, insurance against such casualties and contingencies and of such types and in such amounts as is customary for companies similarly situated, which insurance shall be deemed by the Company to be sufficient. The Company shall not cause or permit any assignment or change in beneficiary and shall not borrow against any such policy.
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