UCC Insurance Policy. Buyer shall order and receive a UCC insurance policy, effective the closing date, insuring that the Credits being purchased are free and clear or UCC security interests, at Buyer’s sole cost and expense; and
UCC Insurance Policy. As to any Advance (or series of Advances being made on any single Advance Closing Date) in an aggregate amount of not less than $25,000,000, the Borrower shall have cooperated with the Agent to cause the issuance by a title company acceptable to the Agent of a UCC insurance policy with respect to the ownership interests pledged to the Agent under and pursuant to the Pledge Agreements in an amount not less than the aggregate amount of such Advance or Advances and the Borrower shall have paid all costs and expenses incurred in connection therewith;
UCC Insurance Policy. The Administrative Agent shall have received a “UCC-9 Loan Insurance Policy” in form and substance satisfactory to the Administrative Agent and from an insurance company satisfactory to the Administrative Agent (the amount of such policy not to exceed the sum of the Tranche A Term Loans, the Tranche B Term Loans, the Additional Tranche B Term Loan Commitment, the aggregate available amount of the Incremental Term Loan Facilities and the Revolving Credit Commitment on the Effective Date).
UCC Insurance Policy. If Borrower or Equity Owner is required to deliver to Lender a UCC Insurance Policy with respect to the Collateral dated as of the Closing Date pursuant to the terms and conditions of the Loan Documents, such UCC Insurance Policy shall (i) be issued by a title company acceptable to Lender, (ii) provide coverage in the amount of the outstanding principal balance of the Loan, (iii) insure Lender that the Pledge Agreement insured by such UCC Insurance Policy creates a valid first priority lien on the Collateral of the requisite priority, free and clear of all exceptions from coverage other than the standard exceptions and exclusions from coverage, and (iv) name Lender as insured. All UCC Insurance Policies delivered pursuant to the terms of the Loan Documents shall be assignable in accordance with the terms thereof. Lender shall have received evidence that all premiums in respect of any UCC Insurance Policy have been paid or will be paid on the Closing Date.
UCC Insurance Policy. Borrower has caused Title Company to deliver to Lender a UCC Title Policy with respect to the Collateral dated as of the Closing Date. The UCC Title Policy (i) provides coverage in the amount of the Loan, (ii) insures Lender that the Pledge Agreement insured by the UCC Title Policy creates a valid, perfected lien on the Collateral of the requisite priority and that Borrower is the sole owner of the Collateral, free and clear of all exceptions from coverage other than the standard exceptions and exclusions from coverage, (iii) contains such endorsements and affirmative coverages as Lender has reasonably requested, and (iv) names Lender as the insured. The UCC Title Policy is freely assignable. Borrower has, or will have on the Closing Date, paid all premiums in respect of the UCC Title Policy. SECTION 4.2.
UCC Insurance Policy. At Lender’s election (in its sole discretion) in connection with the making of the Loan, Lender may obtain, and Borrower shall pay the cost of, a UCC or mezzanine loan form insurance policy insuring the security interest in the Pledged Collateral created by this Agreement, with such endorsements thereto as Lender may reasonably require and in form and substance, and issued by a title insurance company, acceptable to Lender in its reasonable discretion. [NOTE: In order for Lender to receive a UCC policy the insurer will typically require that the Mortgage Borrower opt in to Article 8 of the UCC]
UCC Insurance Policy. Borrower shall cause to be delivered to Administrative Agent a paid UCC Insurance Policy in the amount of the Loan, and all accrued and accruing interest on the Loan, in the manner set forth in the Note, together with all endorsements requested by Administrative Agent and otherwise in form and substances acceptable to Administrative Agent in all respects.
