LMI will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations. LMI will furnish to the Administrative Agent, upon its request, information in reasonable detail as to the insurance so maintained. LMI shall promptly deliver to the Administrative Agent endorsements (x) to all property insurance policies covering Collateral naming the Administrative Agent as lender loss payee, and (y) to all general liability and umbrella liability policies naming the Administrative Agent an additional insured, which endorsements shall be in effect at all times ( provided that certain insurance endorsements may be delivered after the Effective Date in accordance with the Post-Closing Letter). In the event LMI or any Subsidiary at any time hereafter shall fail to obtain or maintain any of the policies or insurance required herein or to pay any premium in whole or in part relating thereto, then the Administrative Agent, without waiving or releasing any obligations or resulting Default hereunder, may at any time or times thereafter (but shall be under no obligation to do so) obtain and maintain such policies of insurance and pay such premiums and take any other action with respect thereto which the Administrative Agent reasonably deems advisable. All sums so disbursed by the Administrative Agent shall constitute part of the Obligations, payable as provided in this Agreement. LMI will furnish to the Administrative Agent prompt written notice of any casualty or other insured damage to any material portion of the Collateral or the commencement of any action or proceeding for the taking of any material portion of the Collateral or interest therein under power of eminent domain or by condemnation or similar proceeding.