Common use of Section 1008 Maintenance of Insurance Clause in Contracts

Section 1008 Maintenance of Insurance. The Company shall, and shall cause its Subsidiaries to, keep at all times all of their properties which are of an insurable nature insured against loss or damage with insurers believed by the Company to be responsible to the extent that property of similar character is usually so insured by corporations similarly situated and owning like properties in accordance with good business practice.

Appears in 6 contracts

Samples: Infrastructure & Energy Alternatives, Inc., Silverbow Resources, Inc., Indenture (Penn Virginia Oil & Gas, L.P.)

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Section 1008 Maintenance of Insurance. The Company shall, and shall cause its Subsidiaries to, keep at all times all of their properties which are of an insurable nature insured against loss or damage with insurers believed by the Company to be responsible to the extent that property of similar character is usually so insured by corporations similarly situated and owning like properties in accordance with good business practice.

Appears in 1 contract

Samples: EXCO Holding MLP, Inc.

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