The Borrower shall cause each Loan Party and its Subsidiaries to maintain insurance respecting each of the Loan Parties and their Subsidiaries’ assets wherever located, covering loss or damage by fire, theft, explosion, and all other hazards and risks as ordinarily are insured against by other Persons engaged in the same or similar businesses. Each policy of insurance shall (a) name the Bank as an additional insured thereunder as its interests may appear, and (b) in the case of any business interruption and casualty insurance policy, contain a loss payable clause or endorsement, satisfactory in form and substance to the Bank, that names the Bank as the loss payee thereunder and (if obtainable by the Loan Parties using commercially reasonable efforts) provides for at least 30 days prior written notice to the Bank of any modification or cancellation of such policy.