Common use of Required Form of Insurance Policies Clause in Contracts

Required Form of Insurance Policies. Each Insurance Policy described in clause (i) of this Section 4.17 shall provide that: (A) it may not be modified, reduced, canceled or otherwise terminated without at least thirty (30) days' prior written notice to the Collateral Agent; (B) the Collateral Agent is permitted to pay any premium therefor within thirty (30) days after receipt of any notice stating that such premium has not been paid when due; (C) all losses thereunder shall be payable notwithstanding any act or negligence of such Pledgor or its agents or employees which otherwise might have resulted in a forfeiture of all or a part of such insurance payments; (D) to the extent such Insurance Policy constitutes Property Insurance, all losses payable thereunder shall be payable to the Collateral Agent, as loss payee, pursuant to a standard non-contributory New York mortgagee endorsement and shall be in an amount at least sufficient to prevent coinsurance liability; and (E) with respect to Liability Insurance, the Collateral Agent shall be named as an additional insured.

Required Form of Insurance Policies. Each Insurance Policy described in clause (i) of this Section 4.17 8.1 hereof shall provide that: (Ai) it may not be modified, reduced, canceled or otherwise terminated without at least thirty (30) days' ’ prior written notice to the Collateral AgentMortgagee; (Bii) the Collateral Agent Mortgagee is permitted to pay any premium therefor within thirty (30) days after receipt of any notice stating that such premium has not been paid when due; (Ciii) all losses thereunder shall be payable notwithstanding any act or negligence of such Pledgor the Mortgagor or its agents or employees which otherwise might have resulted in a forfeiture of all or a part of such insurance payments; (Div) to the extent such Insurance Policy constitutes Property Insurance, all losses payable thereunder shall be payable to the Collateral AgentMortgagee, as loss payee, pursuant to a standard non-contributory New York mortgagee endorsement and shall be in an amount amount, at least sufficient to prevent coinsurance liability; and (Ev) with respect to Liability Insurance, the Collateral Agent Mortgagee shall be named as an additional insured.

Required Form of Insurance Policies. Each Insurance Policy described in clause (i) of this Section 4.17 shall provide that: (A) it may not be modified, reduced, canceled cancelled or otherwise terminated without at least thirty (30) days' prior written notice to the Collateral AgentMortgagee; (Bii) the Collateral Agent Mortgagee is permitted to pay any premium therefor within thirty (30) days after receipt of any notice stating that such premium has not been paid when due; (Ciii) all losses thereunder shall be payable notwithstanding any act or negligence of such Pledgor the Mortgagor or its agents or employees which otherwise might have resulted in a forfeiture of all or a part of such insurance payments; (Div) to the extent such Insurance Policy constitutes Property Insurance, all losses payable thereunder shall be payable to the Collateral AgentMortgagee, as loss payee, pursuant to a standard non-contributory New York mortgagee endorsement and shall be in an amount amount, at least sufficient to prevent coinsurance liability; and (Ev) with respect to Liability Insurance, the Collateral Agent Mortgagee shall be named as an additional insuredinsured in addition to any additional insureds required to be named under the Mortgaged Lease.

Required Form of Insurance Policies. Each Insurance Policy described in clause (i) of this Section 4.17 4.16 shall provide that: (A) it may not be modified, reduced, canceled or otherwise terminated without at least thirty (30) days' prior written notice to the Collateral Agent; (B) the Collateral Agent is permitted to pay any premium therefor within thirty (30) days after receipt of any notice stating that such premium has not been paid when due; (C) all losses thereunder shall be payable notwithstanding any act or negligence of such Pledgor or its agents or employees which otherwise might have resulted in a forfeiture of all or a part of such insurance payments; (D) to the extent such Insurance Policy constitutes Property InsuranceInsurance relating to Inventory, all losses payable thereunder shall be payable to the Collateral Agent, as loss payee, pursuant to a standard non-contributory New York mortgagee endorsement and shall be in an amount at least sufficient to prevent coinsurance liability; and (E) with respect to Liability Insurance, the Collateral Agent shall be named as an additional insured.

Required Form of Insurance Policies. Each Insurance Policy described in clause (i) of this Section 4.17 shall provide that: (A) it may not be modified, reduced, canceled cancelled or otherwise terminated without at least thirty (30) days' prior written notice to the Collateral AgentMortgagee; (Bii) the Collateral Agent Mortgagee is permitted to pay any premium therefor within thirty (30) days after receipt of any notice stating that such premium has not been paid when due; (Ciii) all losses thereunder shall be payable notwithstanding any act or negligence of such Pledgor the Mortgagor or its agents or employees which otherwise might have resulted in a forfeiture of all or a part of such insurance payments; (Div) to the extent such Insurance Policy constitutes Property Insurance, all losses payable thereunder shall be payable to the Collateral AgentMortgagee, as loss payee, pursuant to a standard non-contributory New York mortgagee endorsement and shall be in an amount amount, at least sufficient to prevent coinsurance liability; and (Ev) with respect to Liability Insurance, the Collateral Agent Mortgagee shall be named as an additional insured.

Required Form of Insurance Policies. Each Insurance Policy described in clause (i) of this Section 4.17 shall provide that: (A) it may not be modified, reduced, canceled or otherwise terminated without at least thirty (30) days' prior written notice to the Collateral Agent; (B) the Collateral Agent is permitted to pay any premium therefor within thirty (30) days after receipt of any notice stating that such premium has not been paid when due; (C) all losses thereunder shall be payable notwithstanding any act or negligence of such Pledgor or its agents or employees which otherwise might have resulted in a forfeiture of all or a part of such insurance payments; (D) to the extent such Insurance Policy constitutes Property InsuranceInsurance relating to Inventory, all losses payable thereunder shall be payable to the Collateral Agent, as loss payee, pursuant to a standard non-contributory New York mortgagee endorsement and shall be in an amount at least sufficient to prevent coinsurance liability; and (E) with respect to Liability Insurance, the Collateral Agent shall be named as an additional insured.