Common use of Renewal of Policies Clause in Contracts

Renewal of Policies. At least twenty (20) days prior to the expiration date of any policy evidencing insurance required under this Section 1.6, a renewal thereof satisfactory to Bank shall be delivered to Bank or substitution therefor, together with receipts or other evidence of the payment of any premiums then due on such renewal policy or substitute policy.

Renewal of Policies. At least twenty thirty (2030) days prior to the expiration date of any policy evidencing insurance required under this Section 1.61.6.7, a renewal thereof satisfactory to Bank Lender shall be delivered to Bank Lender or substitution therefor, together with receipts or other evidence of the payment of any premiums then due on such renewal policy or substitute policy.