Example ContractsClausesevidence of paymentsVariants
Evidence of Payments
Evidence of Payments contract clause examples

Evidence of Insurance. Cause the [[Administrative Agent:Organization]] to be named as ’ loss payable, loss payee or mortgagee, as its interest may appear, and/or additional insured with respect of any such insurance providing liability coverage or coverage in respect of any Collateral, and cause, unless otherwise agreed to by the [[Administrative Agent:Organization]], each provider of any such insurance to agree, by endorsement upon the policy or policies issued by it or by independent instruments furnished to the [[Administrative Agent:Organization]] that it will give the [[Administrative Agent:Organization]] thirty (30) days prior written notice before any such policy or policies shall be altered or cancelled (or ten (10) days’ prior notice in the case of cancellation due to the nonpayment of premiums). Annually, upon expiration of current insurance coverage, the Loan Parties shall provide, or cause to be provided, to the [[Administrative Agent:Organization]], such evidence of insurance as reasonably required by the [[Administrative Agent:Organization]], including, but not limited to: # certified copies of such insurance policies, # evidence of such insurance policies (including, without limitation and as applicable, ACORD Form 28 certificates (or similar form of insurance certificate), and ACORD Form 25 certificates (or similar form of insurance certificate)), # declaration pages for each insurance policy and # [[Organization A:Organization]]’s loss payable endorsement if the [[Administrative Agent:Organization]] for the benefit of the Secured Parties is not on the declarations page for such policy.

(i) Subject to the Intercreditor Agreement, cause all property insurance policies covering any Collateral maintained by any Loan Party to be endorsed or otherwise amended to include a customary lender’s loss payable endorsement in favor of the Administrative Agent or name the Administrative Agent as loss payee, in each case in form and substance reasonably satisfactory to the Administrative Agent, which endorsement shall provide that if the insurance carrier shall have received written notice from the Administrative Agent of the occurrence of an Event of Default, the insurance carrier shall pay all proceeds otherwise payable to a Loan Party under such policies directly to the Administrative Agent, # cause each such policy to provide that it shall not be canceled, modified or not renewed upon less than thirty (30) days’ (or, in the case of any of the foregoing resulting from failure to pay premiums, upon less than ten (10) days’) (or, in each case, such shorter number of days as may be agreed to by the Administrative Agent) prior written notice thereof by the insurer to the Administrative Agent, # deliver to the Administrative Agent, upon the cancellation, modification or nonrenewal of any such policy of insurance, a certificate of coverage under any renewal or replacement policy, and # cause all liability insurance policies (other than policies with respect to worker’s compensation and other policies where such designation is not customary) maintained by any Loan Party to name the Administrative Agent as an additional insured.

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