TITLE TO ANY BORROWER IN FULL OR PARTIAL SATISFACTION OF THE INDEBTEDNESS, ALL
RIGHT, TITLE AND INTEREST OF EACH BORROWER IN AND TO ALL INSURANCE POLICIES AND
RENEWALS THEREOF THEN IN FORCE SHALL PASS TO SUCH PURCHASER OR GRANTEE.
IF THE
INSURANCE, OR ANY PART THEREOF, SHALL EXPIRE, OR BE WITHDRAWN, OR BECOME VOID OR
UNSAFE BY REASON OF ANY BORROWER'S BREACH OF ANY CONDITION THEREOF, OR BECOME
VOID OR UNSAFE BY REASON OF THE VALUE OR IMPAIRMENT OF THE CAPITAL OF ANY
COMPANY IN WHICH THE INSURANCE MAY THEN BE CARRIED, OR IF FOR ANY REASON
WHATEVER THE INSURANCE SHALL BE UNSATISFACTORY TO AGENT, BORROWERS SHALL PLACE
NEW INSURANCE THAT SATISFIES THE REQUIREMENTS OF THIS SECTION 6.6.
6.6.9
ANY NOTICE PERTAINING TO INSURANCE AND REQUIRED PURSUANT TO THIS
SECTION 6.6 SHALL BE GIVEN IN THE MANNER PROVIDED IN THIS AGREEMENT AT THE
ADDRESS FROM TIME TO TIME DIRECTED BY AGENT BY NOTICE TO MASTER BORROWER.
THE
INSURANCE SHALL BE EVIDENCED BY THE ORIGINAL POLICY OR A TRUE AND CERTIFIED COPY
OF THE ORIGINAL POLICY, OR IN THE CASE OF LIABILITY INSURANCE, A CERTIFICATE OF
LIABILITY INSURANCE.
BORROWERS SHALL USE THEIR BEST EFFORTS TO DELIVER
ORIGINALS OF ALL POLICIES AND RENEWALS (OR CERTIFICATES EVIDENCING THE SAME),
MARKED "PAID," TO AGENT AT LEAST THIRTY (30) DAYS BEFORE THE EXPIRATION OF
EXISTING POLICIES AND, IN ANY EVENT, BORROWERS SHALL DELIVER ORIGINALS OF SUCH
POLICIES OR CERTIFICATES TO AGENT AT LEAST FIFTEEN (15) DAYS BEFORE THE
EXPIRATION OF EXISTING POLICIES.
IF AGENT HAS NOT RECEIVED SATISFACTORY
EVIDENCE OF SUCH RENEWAL OR SUBSTITUTE INSURANCE IN THE TIME FRAME SPECIFIED
HEREIN, AGENT SHALL HAVE THE RIGHT, BUT NOT THE OBLIGATION, TO PURCHASE SUCH
INSURANCE FOR LENDER'S INTEREST ONLY.
ANY AMOUNTS SO DISBURSED PURSUANT TO THIS
SECTION 6.6.9 SHALL BE PAID BY BORROWERS.
NOTHING CONTAINED IN THIS
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SECTION 6.6 SHALL REQUIRE AGENT OR ANY LENDER TO INCUR ANY EXPENSE OR TAKE ANY
ACTION HEREUNDER, AND INACTION BY AGENT AND LENDERS SHALL NEVER BE CONSIDERED A
WAIVER OF ANY RIGHT ACCRUING TO MORTGAGEE ON ACCOUNT OF THIS SECTION 6.6.
6.6.10
NO BORROWER SHALL CARRY ANY SEPARATE INSURANCE ON ANY PROJECT
CONCURRENT IN KIND OR FORM WITH ANY INSURANCE REQUIRED HEREUNDER OR CONTRIBUTING
IN THE EVENT OF LOSS WITHOUT AGENT'S PRIOR WRITTEN CONSENT AND ANY SUCH POLICY
SHALL HAVE ATTACHED A STANDARD NON-CONTRIBUTING MORTGAGEE CLAUSE, WITH LOSS
PAYABLE TO AGENT, AND SHALL MEET ALL OTHER REQUIREMENTS SET FORTH HEREIN.
6.7
ERISA.
BORROWERS SHALL, AND SHALL CAUSE
GUARANTOR TO, COMPLY IN ALL MATERIAL RESPECTS WITH THE REQUIREMENTS OF ERISA
APPLICABLE TO ANY EMPLOYEE PENSION BENEFIT PLAN (WITHIN THE MEANING OF
SECTION 3(2) OF ERISA), SPONSORED BY ANY BORROWER OR GUARANTOR.
6.8
ACCOUNTS.
BORROWERS AND GUARANTOR SHALL
MAINTAIN ONE OR MORE DEMAND DEPOSIT ACCOUNTS WITH AGENT INTO WHICH THE PROCEEDS
OF EACH LOAN AND SWING LINE LOAN SHALL BE DEPOSITED.
6.9
COMPLIANCE WITH LAWS.
BORROWERS SHALL, AND
SHALL CAUSE GUARANTOR TO, COMPLY WITH ALL APPLICABLE LAWS (INCLUDING BUT NOT
LIMITED TO ANY APPLICABLE TAX LAW, PRODUCT SAFETY LAW,