Common use of Properties; Insurance Clause in Contracts

Properties; Insurance. Keep and maintain all of its property and assets in good order and repair and materially covered by insurance with reputable and financially sound insurance companies against such hazards and in such amounts as is customary in the industry, under policies requiring the insurer to furnish reasonable notice to Banks and opportunity to cure any non-payment of premiums prior to termination of coverage; and, as required above, furnish Banks with certificates of such insurance.

Appears in 2 contracts

Samples: Credit Agreement (Sunsource Inc), Credit Agreement (Sunsource Inc)

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Properties; Insurance. Keep and maintain all of its property and assets in good order and repair and materially covered by insurance with reputable and financially sound insurance companies against such hazards and in such amounts as is customary in the industry, under policies requiring the insurer to furnish reasonable notice to Banks you and opportunity to cure any non-payment of premiums prior to termination of coverage; and, as required above, furnish Banks each holder of a Note with certificates of such insurance.

Appears in 2 contracts

Samples: Note Purchase Agreement (Sunsource Inc), Note Purchase Agreement (Sunsource Inc)

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