Warning Regarding Insurance Sample Clauses

Warning Regarding Insurance. Unless Mortgagor provides Mortgagee with evidence of the insurance coverage as required by this Mortgage, Mortgagee may purchase insurance at Mortgagor's expense to protect Mortgagee's interest. This insurance may, but need not, also protect Mortgagor's interest. If the collateral becomes damaged, the coverage Mortgagee purchases may not pay any claim Mortgagor makes or any claim made against Mortgagor. Mortgagor may later cancel this coverage by providing evidence that Mortgagor has obtained property coverage elsewhere. Mortgagor is responsible for the cost of any insurance purchased by Mortgagee. The cost of any insurance may be added to the sums secured by this Mortgage. If the cost is added to Mortgagor's loan balance, interest at the Default Rate on the loan will apply to this added amount. The effective date of coverage may be the date Mortgagor's prior coverage lapsed or the date Mortgagor failed to provide proof of coverage. The coverage Mortgagee purchases may be considerably more expensive than insurance Mortgagor can obtain on Mortgagor's own and may not satisfy any need for property damage coverage or any mandatory liability insurance requirements imposed by applicable law.

Warning Regarding Insurance. WARNING UNLESS THE OBLIGORS PROVIDE THE ADMINISTRATIVE AGENT WITH EVIDENCE OF THE INSURANCE COVERAGE AS REQUIRED BY THE CREDIT AGREEMENT OR THE OTHER LOAN DOCUMENTS, THE ADMINISTRATIVE AGENT MAY PURCHASE INSURANCE AT THE OBLIGORS’ EXPENSE TO PROTECT THE INTERESTS OF THE ADMINISTRATIVE AGENT AND THE HOLDERS OF THE SECURED OBLIGATIONS (“SECURED PARTIES”). THIS INSURANCE MAY, BUT NEED NOT, ALSO PROTECT THE OBLIGORS’ INTERESTS. IF THE COLLATERAL BECOMES DAMAGED, THE COVERAGE THE ADMINISTRATIVE AGENT PURCHASES MAY NOT PAY ANY CLAIM OBLIGORS MAKE OR ANY CLAIM MADE AGAINST ANY OBLIGORS. THE OBLIGORS MAY LATER CANCEL THIS COVERAGE BY PROVIDING EVIDENCE THAT THEY HAVE OBTAINED PROPERTY COVERAGE ELSEWHERE. THE OBLIGORS ARE RESPONSIBLE FOR THE COST OF ANY INSURANCE PURCHASED BY THE ADMINISTRATIVE AGENT. THE COST OF THIS INSURANCE MAY BE ADDED TO THE OBLIGORS’ CONTRACT OR LOAN BALANCES. IF THE COST IS ADDED TO THEIR CONTRACT OR LOAN BALANCES, THE INTEREST RATE ON THE UNDERLYING CONTRACT OR LOANS WILL APPLY TO THIS ADDED AMOUNT. THE EFFECTIVE DATE OF COVERAGE MAY BE THE DATE THE OBLIGORS’ PRIOR COVERAGE LAPSED OR THE DATE THEY FAILED TO PROVIDE PROOF OF COVERAGE. THE COVERAGE THE ADMINISTRATIVE AGENT PURCHASES MAY BE CONSIDERABLY MORE EXPENSIVE THAN INSURANCE THE OBLIGORS CAN OBTAIN ON THEIR OWN AND MAY NOT SATISFY ANY NEED FOR PROPERTY DAMAGE COVERAGE OR ANY MANDATORY LIABILITY INSURANCE REQUIREMENTS IMPOSED BY WASHINGTON OR OTHER APPLICABLE LAW. [remainder of page intentionally left blank] Each of the parties hereto has caused a counterpart of this Agreement to be duly executed and delivered as of the date first above written. OBLIGORS: NAUTILUS, INC., By: Name: Title: DASHAMERICA, INC. By: Name: Title: Accepted and agreed to as of the date first above written. BANK OF AMERICA, N.A., as Administrative Agent By: Name: Title: 18 SCHEDULE 1(b) PLEDGED EQUITY OBLIGOR: Nautilus, Inc. Name of Subsidiary Number of Shares Certificate Number Percentage Ownership DashAmerica, Inc. XXX XXX 100 % Nautilus Fitness Australia Pty Ltd. XXX XXX 65 % Nautilus (Shanghai) Fitness Co., Ltd. XXX XXX 65 % Nautilus Fitness International Holdings S.A. XXX XXX 65 % Nautilus Fitness Canada, Inc. XXX XXX 65 % XXX Xxxxxxx, XXX X/X X/X 000 % OBLIGOR: DashAmerica, Inc. Name of Subsidiary Number of Shares Certificate Number Percentage Ownership Pearl Izumi GmbH XXX XXX 65 % Pearl Izumi Europe BV XXX XXX 65 % SCHEDULE 2(c) COMMERCIAL TORT CLAIMS None. 20 SCHEDULE 3(g) INSTRUMENTS, DOCUMENTS, TANGIBL...

Warning Regarding Insurance. WARNING PLEDGED EQUITY COMMERCIAL TORT CLAIMS INSTRUMENTS, DOCUMENTS, TANGIBLE CHATTEL PAPER IRREVOCABLE STOCK POWER FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers to