Common use of To Insure Clause in Contracts

To Insure. The Company shall keep the Collateral and the operations of the Company insured in such amounts as the Bank may reasonably require against loss or damage by fire and such other risks as the Bank may from time to time specify, with insurers approved by the Bank. The Company shall whenever from time to time requested by the Bank provide the Bank with satisfactory evidence of such insurance and any renewal thereof which shall at all times be subject to mortgage clauses in a form approved by the Bank, and shall at the request of the Bank forthwith name the Bank as first loass payee and assign, transfer and deliver unto the Bank the policy or policies of such insurance. Evidence satisfactory to the Bank of the renewal of every policy of insurance shall be provided to the Bank at least seven (7) days before the termination thereof.

To Insure. The Company shall keep the Collateral and the operations of the Company insured in such amounts as the Bank may reasonably require against loss or damage by fire and such other risks as the Bank may from time to time specify, with insurers approved by the Bank. The Company shall whenever from time to time requested by the Bank Lender provide the Bank Lender with satisfactory evidence of such insurance and any renewal thereof which shall at all times be subject to mortgage clauses in a form approved by the BankLender, and shall at the request of the Bank Lender forthwith name the Bank Lender as first loass second loss payee and assign, transfer and deliver unto the Bank Lender the policy or policies of such insurance. Evidence satisfactory to the Bank Lender of the renewal of every policy of insurance shall be provided to the Bank Lender at least seven (7) days before the termination thereof.