Borrower shall, at its own expense, obtain and carry insurance in amounts and forms as are customarily carried or maintained by similarly situated companies engaged in similar businesses, including insurance against loss or damage to the Collateral and commercial general liability insurance and the key man life insurance policies required to be maintained by the Loan Parties pursuant to the organizational documents of the Affiliated Entities. The insurance against loss or damage to the Collateral shall name Agent as sole loss payee with respect to the Collateral, shall not be invalidated by any action of or breach of warranty by Borrower of any provision thereof and shall waive subrogation against Agent. The liability policy(ies) shall name Agent as an additional insured in the full amount of Borrower’s liability coverage limits (or the coverage limits of any successor to Borrower or such successor’s parent which is providing coverage), be primary and without contribution as respects any insurance carried by Agent and contain cross liability and severability of interest clauses. All policies of insurance shall provide that Agent shall be given thirty (30) days’ notice of cancellation of coverage. On or prior to the Closing Date and prior to each policy renewal, Borrower shall furnish to Agent, certificates of insurance or other evidence reasonably satisfactory to Agent and Lenders that insurance complying with all of the above requirements is in effect. The proceeds of any key man life insurance policies required to be maintained by the Loan Parties pursuant to the organizational documents of the Affiliated Entities, including Myers and RHB LLC, shall be used to purchase or buy out all of the Equity Securities of such Affiliated Entity held by a Person that is not a Loan Party or Subsidiary such that upon consummation of such purchase or buy out, such Affiliated Entity shall become a wholly-owned direct Subsidiary of a Loan Party and provide a Guaranty in accordance with Section 6.10.