Common use of Separate Insurance Clause in Contracts

Separate Insurance. Borrower shall not carry any separate insurance on the Property concurrent in kind or form with any insurance required hereunder or contributing in the event of loss without Lender's prior written consent, and any such policy shall have attached a standard non-contributing mortgagee clause, with loss payable to Lender, and shall meet all other requirements set forth herein.

Appears in 7 contracts

Samples: Loan Agreement (Servico Market Center Inc), Loan Agreement (Senior Tour Players Development Inc), Loan Agreement (Servico Market Center Inc)

AutoNDA by SimpleDocs

Separate Insurance. Borrower shall not carry any separate insurance on the Property concurrent in kind or form with any insurance required hereunder or contributing in the event of loss without Lender's prior written consent and, in the event Lender grants its consent, and any such policy shall nevertheless have attached thereto a standard non-contributing mortgagee clause, with loss payable to Lender, and shall otherwise meet all other requirements set forth hereinin this Section.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Interstate General Co L P)

Separate Insurance. Borrower shall not carry any separate insurance on the Property Mortgaged Premises concurrent in kind or form with any insurance required hereunder or contributing in the event of loss without Lender's prior written consent, and any such policy shall have attached a standard non-contributing mortgagee clause, with loss payable to Lender, and shall meet all other requirements set forth herein.

Appears in 2 contracts

Samples: Construction Loan and Security Agreement (Griffin Land & Nurseries Inc), Construction Loan and Security Agreement (Griffin Land & Nurseries Inc)

Separate Insurance. Borrower shall not carry any separate insurance on the Property Improvements or other Collateral concurrent in kind or form with any insurance required hereunder or contributing in the event of loss without Lender's prior written consentthereunder, and any unless such policy shall have attached contains a standard non-contributing mortgagee clause, with loss payable mortgage clause entitling Lender to Lender, collect any and shall meet all other requirements set forth hereinproceeds thereunder as well as a standard waiver of subrogation endorsement.

Appears in 1 contract

Samples: Loan Agreement (Prime Group Realty Trust)

Separate Insurance. Borrower shall not carry any separate insurance on the Property concurrent in kind or form with any insurance required hereunder or contributing in the event of loss without Lender's ’s prior written consent and, in the event Lender grants its consent, and any such policy shall nevertheless have attached thereto a standard non-contributing mortgagee clause, with loss payable to Lender, and shall otherwise meet all other requirements set forth hereinin this Section.

Appears in 1 contract

Samples: Loan Agreement (Emeritus Corp\wa\)

Separate Insurance. Borrower shall not carry (and shall not allow any other Loan Party to carry) any separate insurance on the Property Properties concurrent in kind or form with any insurance required hereunder or contributing in the event of loss without Lender's Administrative Agent’s prior written consent, and any such policy Policy shall have attached a standard non-contributing mortgagee clause, with loss payable to Administrative Agent on behalf of each Lender (subject to rights of Senior Lender), and shall otherwise meet all other requirements set forth herein.

Appears in 1 contract

Samples: Loan Agreement (Summit Hotel Properties, LLC)

Separate Insurance. Borrower shall not carry any separate insurance on the Property Project concurrent in kind or form with any insurance required hereunder hereunder, or contributing in the event of loss without Lenderthe Bank's prior written consent, and any such policy shall have attached a standard non-non- contributing mortgagee clause, with loss payable to Lenderthe Bank, and shall otherwise meet all other requirements set forth herein.

Appears in 1 contract

Samples: Reimbursement Agreement

AutoNDA by SimpleDocs

Separate Insurance. Borrower shall not carry any separate insurance on the Property Premises concurrent in kind or form with any insurance required hereunder or contributing in the event of loss without Lender's prior written consent, and any such policy shall have attached a standard non-contributing contribution mortgagee clause, with loss payable to Lender, and shall meet all other requirements set forth herein.

Appears in 1 contract

Samples: Loan Agreement (Net 2 L P)

Separate Insurance. Borrower shall not carry any separate insurance on the ------------------ each Property concurrent in kind or form with any insurance required hereunder or contributing in the event of loss without Lender's prior written consent, and any such policy shall have attached a standard non-contributing noncontributing mortgagee clause, with loss payable to Lender, and shall meet all other requirements set forth herein.

Appears in 1 contract

Samples: Loan Agreement (Corinthian Colleges Inc)

Separate Insurance. Borrower shall not carry (and shall not allow or permit any other Loan Party to carry) any separate insurance on the Property concurrent in kind or form with any insurance required hereunder or contributing in the event of loss without Lender's ’s prior written consent, and any such policy Policy shall have attached a standard non-contributing mortgagee clause, with loss payable to Lender, and shall otherwise meet all other requirements set forth herein.

Appears in 1 contract

Samples: Loan Agreement (Inland Real Estate Income Trust, Inc.)

Separate Insurance. Borrower shall not carry any separate insurance on the Property Mortgaged Premises concurrent in kind or form with any insurance required hereunder or contributing in the event of loss without Lender's ’s prior written consent, and any such policy shall have attached a standard non-contributing mortgagee clause, with loss payable to Lender, and shall meet all other requirements set forth herein.

Appears in 1 contract

Samples: Construction Loan and Security Agreement (Griffin Land & Nurseries Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!