Section Insurance. The Company will provide insurance coverage for loss of mechanics' tools taken from premises in the case of a proven burglary. The premiums shall be borne by the Company and claims "paid to the mechanic in the case of a loss of his tools. will also be provided for loss due to fire. Coverage In order to claim under this clause the mechanic must have filed annually an inventory of his tools with the Company. ARTICLE
Section Insurance. Schedule 3.15 contains a description of --------- ------------- all insurance which such Credit Party maintains or has maintained on its behalf as of the Closing Date. All of such insurance is in full force and effect.
Section Insurance. The Borrower shall, and shall cause each of its Subsidiaries to, at all times carry and maintain or cause to be carried and maintained the insurance set forth in SCHEDULE 5.9. The Borrower shall deliver, within a reasonable time, one true and complete copy of each insurance policy to the Administrative Agent, duly certified by a Responsible Officer of the Borrower. All such insurance shall comply with the other provisions set forth in SCHEDULE 5.9.
Section Insurance. The Borrower will at all times keep all tangible Collateral insured against risks of fire (including so-called extended coverage), theft, collision (for Collateral consisting of motor vehicles) and such other risks and in such amounts as the Lender may reasonably request, with a lender's loss payable clause in favor of Lender to the extent of its interest. 3.10 3.11
Section Insurance. Upon the Closing of the financing transactions contemplated by the Promissory Note of even date herewith issued to Xxxxxxxxxx Equity Partners, the Company and each of its subsidiaries will be insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as management of the Company believes to be prudent and customary in the businesses in which the Company and its subsidiaries are engaged. Neither the Company nor any such subsidiary has been refused any insurance coverage sought or applied for and neither the Company nor any such subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business at a cost that would not materially and adversely affect the condition, financial or otherwise, or the earnings, business or operations of the Company and its subsidiaries, taken as a whole. Section Regulatory Permits The Company and its subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.
Section Insurance. Each of the Loan Parties will, and will cause each of its Subsidiaries to, keep insured by financially sound and reputable insurers all Property of a character usually insured by responsible corporations or other entities engaged in the same or a similar business similarly situated against loss or damage of the kinds and in the amounts customarily insured against by such corporations or other entities and carry such other insurance as is usually carried by such corporations or other entities, provided that in any event each Loan Party will (if and to the extent applicable) maintain:
Section Insurance. The Borrower and any Subsidiary shall maintain insurance with responsible companies in such amounts and against such risks as is reasonably required by the
Section Insurance. 9.1 The Tribe shall obtain and maintain insurance coverage of the following types in amount mutually agreeable to the Tribe and PSELP through policies exclusively devoted to the Facility and the business activity conducted thereon: casualty other than earthquake insurance, and earthquake insurance.
Section Insurance. (a) Each Grantor (or the Borrower, on behalf of each Grantor) shall, at its own expense, maintain insurance with respect to the Equipment and Inventory of such Grantor with financially sound and reputable insurers in such amounts, covering such risks and in such form as is consistent with past practice and as is usually carried by companies engaged in similar businesses and owning similar properties in the same general areas in which such Grantor operates. Each policy for property damage insurance shall provide for all losses to be paid directly to the Agent. Each such policy shall in addition: (i) name such Grantor (or the Borrower) as insured thereunder and the Agent as an additional insured thereunder (without any representation or warranty by or obligation upon the Agent) as their interests may appear, (ii) in the case of property damage insurance, contain the agreement by the insurer that any loss thereunder shall be payable to the Agent, (iii) not contain any provision providing for recourse against the Agent for payment of premiums or other amounts with respect thereto and (iv) provide that at least 10 days' prior written notice of cancellation or of lapse shall be given to the Agent by the insurer. Each Grantor (or the Borrower) shall, if so requested by the Agent, deliver to the Agent original or duplicate policies of such insurance and, as often as the Agent may reasonably request, a report of a reputable insurance broker with respect to such insurance. Further, each Grantor (or the Borrower) shall, at the request of the Agent, duly exercise and deliver instruments of assignment of such insurance policies to comply with the requirements of this Section 8 and use reasonable efforts to cause the insurers to acknowledge notice of such assignment.
Section Insurance. The Borrower shall, and shall cause each of its Restricted Subsidiaries to, maintain with financially sound and reputable insurers such insurance as may be required by law and such other insurance (including self-insurance) to such extent and against such hazards and liabilities as Borrower determines to be reasonably prudent. E.
