AND SUFFICIENT
RESERVES ARE ESTABLISHED TO THE REASONABLE SATISFACTION OF AGENT TO PROTECT
AGENT'S LIEN ON OR SECURITY INTEREST IN THE COLLATERAL.
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4.10.
INSPECTION OF PREMISES.
AT ALL REASONABLE TIMES AGENT AND EACH
LENDER SHALL HAVE FULL ACCESS TO AND THE RIGHT TO AUDIT, CHECK, INSPECT AND MAKE
ABSTRACTS AND COPIES FROM EACH BORROWER'S BOOKS, RECORDS, AUDITS, CORRESPONDENCE
AND ALL OTHER PAPERS RELATING TO THE COLLATERAL AND THE OPERATION OF EACH
BORROWER'S BUSINESS.
AGENT, ANY LENDER AND THEIR AGENTS MAY ENTER UPON ANY
PREMISES OF ANY BORROWER AT ANY TIME DURING BUSINESS HOURS AND AT ANY OTHER
REASONABLE TIME, AND FROM TIME TO TIME, FOR THE PURPOSE OF INSPECTING THE
COLLATERAL AND ANY AND ALL RECORDS PERTAINING THERETO AND THE OPERATION OF SUCH
BORROWER'S BUSINESS.
4.11.
INSURANCE.
THE ASSETS AND PROPERTIES OF EACH BORROWER AT ALL TIMES
SHALL BE MAINTAINED IN ACCORDANCE WITH THE REQUIREMENTS OF ALL INSURANCE
CARRIERS WHICH PROVIDE INSURANCE WITH RESPECT TO THE ASSETS AND PROPERTIES OF
SUCH BORROWER SO THAT SUCH INSURANCE SHALL REMAIN IN FULL FORCE AND EFFECT.
EACH BORROWER SHALL BEAR THE FULL RISK OF ANY LOSS OF ANY NATURE WHATSOEVER WITH
RESPECT TO THE COLLATERAL.
AT EACH BORROWER'S OWN COST AND EXPENSE IN AMOUNTS
AND WITH CARRIERS ACCEPTABLE TO AGENT, EACH BORROWER SHALL: (A) KEEP ALL ITS
INSURABLE PROPERTIES AND PROPERTIES IN WHICH SUCH BORROWER HAS AN INTEREST
INSURED AGAINST THE HAZARDS OF FIRE, FLOOD, SPRINKLER LEAKAGE, THOSE HAZARDS
COVERED BY EXTENDED COVERAGE INSURANCE AND SUCH OTHER HAZARDS, AND FOR SUCH
AMOUNTS, AS IS CUSTOMARY IN THE CASE OF COMPANIES ENGAGED IN BUSINESSES SIMILAR
TO SUCH BORROWER'S INCLUDING BUSINESS INTERRUPTION INSURANCE; (B) MAINTAIN A
BOND IN SUCH AMOUNTS AS IS CUSTOMARY IN THE CASE OF COMPANIES ENGAGED IN
BUSINESSES SIMILAR TO SUCH BORROWER INSURING AGAINST LARCENY, EMBEZZLEMENT OR
OTHER CRIMINAL MISAPPROPRIATION OF INSURED'S OFFICERS AND EMPLOYEES WHO MAY
EITHER SINGLY OR JOINTLY WITH OTHERS AT ANY TIME HAVE ACCESS TO THE ASSETS OR
FUNDS OF SUCH BORROWER EITHER DIRECTLY OR THROUGH AUTHORITY TO DRAW UPON SUCH
FUNDS OR TO DIRECT GENERALLY THE DISPOSITION OF SUCH ASSETS; (C) MAINTAIN PUBLIC
AND PRODUCT LIABILITY INSURANCE AGAINST CLAIMS FOR PERSONAL INJURY, DEATH OR
PROPERTY DAMAGE SUFFERED BY OTHERS; (D) MAINTAIN ALL SUCH WORKER'S COMPENSATION
OR SIMILAR INSURANCE AS MAY BE REQUIRED UNDER THE LAWS OF ANY STATE OR
JURISDICTION IN WHICH SUCH BORROWER IS ENGAGED IN BUSINESS; (E) FURNISH AGENT
WITH (I) COPIES OF ALL POLICIES AND EVIDENCE OF THE MAINTENANCE OF SUCH POLICIES
BY THE RENEWAL THEREOF AT LEAST THIRTY (30) DAYS BEFORE ANY EXPIRATION DATE, AND
(II) APPROPRIATE LOSS PAYABLE ENDORSEMENTS IN FORM AND SUBSTANCE SATISFACTORY TO
AGENT, NAMING AGENT AS A CO-INSURED AND LENDER LOSS PAYEE AS ITS INTERESTS MAY
APPEAR WITH RESPECT TO ALL INSURANCE COVERAGE REFERRED TO IN CLAUSES (A) AND
(C) ABOVE, AND PROVIDING (A) THAT ALL PROCEEDS THEREUNDER WITH RESPECT TO
COLLATERAL SHALL BE PAYABLE TO AGENT, (B) NO SUCH INSURANCE SHALL BE AFFECTED BY
ANY ACT OR NEGLECT OF THE INSURED OR OWNER OF THE PROPERTY