Extract to table

Under the Construction Loan Agreement, evidence of all required contractor insurance is a condition to the initial loan advance, and the Owner must demonstrate compliance before it may draw upon the facility

This letter sets forth in detail the insurance and bonding requirements under Exhibit D, identifies the specific COIs and endorsements that must be delivered, and provides a deadline for delivery of the same

For each category, we have identified the minimum coverage requirements, the carrier (to the extent known), and the specific endorsements and documentation that must be reflected on the applicable COI

The COI for the CGL policy must reflect the following: (a) Named Insured

The named insured on the CGL policy must be Titan-McAllister Construction Group, LLC

as Administrative Agent for the Lenders (and their respective officers, directors, members, managers, employees, and agents) must be named as additional insureds under a blanket or specifically scheduled additional insured endorsement