Servicer Insurance. The Servicer agrees to maintain adequate insurance consistent with the type and amount maintained by the Servicer under Current Practice, subject, in each case, to any adjustments or modifications made in accordance with the Servicing Standard. Such insurance will cover each of the Securitization Entities, as an additional insured, to the extent that such Securitization Entity has an insurable interest therein. All insurance policies currently maintained by the Servicer are listed on Schedule 2.1(g) hereto.
Servicer Insurance. Servicer shall maintain in force an “errors and omissions” and an employee fidelity insurance policy, in each case, (i) in an amount not less than $2,000,000, (ii) in a form reasonably acceptable to Owner, in any case, that would cover any loss of Cash Proceeds hereunder caused by employee dishonesty, (iii) with an insurance company reasonably acceptable to Owner, (iv) naming the Owner as loss payee and (v) containing any customary endorsements that are requested by any lender providing financing to Owner. Unless otherwise directed by Owner, Servicer shall prepare and present, on behalf of itself and Owner, claims under any such policy in a timely fashion in accordance with the terms of such policy, and upon the filing of any claim on any policy described in this Section 12.1, Servicer shall promptly notify Owner of such claim and deposit the proceeds of any such claim into the Collection Account. As soon as practicable after the date of this Agreement, Servicer shall deliver copies of such policies to Owner, together with a certification from the applicable insurance company that such policy is in force on such date. Servicer shall deliver proof of maintenance of such policies, in form and substance reasonably acceptable to Owner, on each succeeding six (6) month anniversary of the date of this Agreement (or if such day is not a Business Day, the next succeeding Business Day).
Servicer Insurance. The Servicer agrees to maintain adequate insurance consistent with the type and amount maintained by the Servicer under the Current Practices of Xxxxxxxx’x International, subject, in each case, to any adjustments or modifications made in accordance with the Servicing Standard. Such insurance shall cover each of the Securitization Entities, as an additional insured, to the extent that such Securitization Entity has an insurable interest therein. All insurance policies currently maintained by the Servicer are listed on Schedule 2.1(h) hereto.
Servicer Insurance. ARTICLE 3 INSURANCE ARTYKUŁ 3 UBEZPIECZENIE
