2Insurance. 24.2. 1The Supplier shall effect and maintain with a reputable insurance company a policy or policies of insurance providing an adequate level of cover in respect of all risks which may be incurred by the Supplier, arising out of the Supplier's performance of its obligations under the Contract, including death or personal injury, loss of or damage to property or any other loss (including the insurance policies specified in paragraph 9 of the Order Form). Such policies shall include cover in respect of any financial loss arising from any advice given or omitted to be given by the Supplier. Such insurance shall be maintained for the Contract Period and for the Minimum Insurance Period.
2Insurance. The provisions of this Article 26 shall not be construed to relieve any insurer of its obligations to pay any insurance claims in accordance with the provisions of any valid insurance policy.
2Insurance. 26.2. 1The Supplier shall effect and maintain with a reputable insurance company a policy or policies of insurance providing an adequate level of cover in respect of all risks which may be incurred by the Supplier, arising out of the Supplier's performance of its obligations under the Contract, including death or personal injury, loss of or damage to property or any other loss. Such policies shall include cover in respect of any financial loss arising from any advice given or omitted to be given by the Supplier. Such insurance shall be maintained for the Contract Period and any further period stipulated in the Framework Agreement and shall, as a minimum, include the insurance levels set out in Framework Agreement Clauses 30.1.1 and 30.1.2.
2Insurance. The Company will, and will cause each of its Subsidiaries to, maintain and cause their respective tenants to maintain, with financially sound and reputable insurers, insurance with respect to their respective properties and businesses against such casualties and contingencies, of such types, on such terms and in such amounts (including deductibles, co-insurance and self-insurance, if adequate reserves are maintained with respect thereto) as is customary in the case of entities of established reputations engaged in the same or a similar business, similarly situated, and operating like Properties. The Company shall, upon the request of the Required Holders, furnish to the holders of Notes certificates of insurance setting forth in summary form the nature and extent of the insurance maintained on the Properties.
2Insurance. If the Customer is a public body, the Customer shall be self-insured. If the Customer is not self-insured, the Customer will be under an obligation to have insurance policies that are sufficient to cover any claims the Contractor may bring on the basis of the risks or responsibilities assumed by the Customer pursuant to this Agreement, within the limits defined by ordinary insurance terms and conditions. The Contractor shall hold insurance policies that are sufficient, within the limits defined by ordinary insurance terms and conditions, to meet such claims from the Customer as may arise on the basis of the risks and responsibilities assumed by the Contractor pursuant to this Agreement. This obligation shall be deemed to be met if the Contractor takes out third-party and business insurance on terms and conditions that are deemed to be ordinary within the Norwegian insurance industry. The Contractor shall, at the request of the Customer, explain and document those of the insurance policies of the Contractor that are of relevance to compliance with this provision.
2Insurance. Borrower's failure to maintain insurance as required under Section 5.1 of this Agreement.
2Insurance. (1) For the purpose of GC Section Section 9(4) and without restricting the generality of GC Section Section 9(4), the Service Provider shall maintain in full force and effect during the Agreement Term, at its own expense, a policy of commercial general liability insurance, in form and substance reasonably acceptable to the LHIN, with prior consultation, providing coverage for a limit of not less than $5,000,000 for each occurrence of a claim of bodily injury, including personal injury, death, or property damage, including loss of use thereof, products and completed operations and non-owned automobile insurance, that may arise directly or indirectly from the acts or omissions of the Service Provider or its directors, officers, employees, independent contractors or agents under this Agreement, and which insurance policy shall include the following terms:
(a) a clause that includes the LHIN and the LHIN's employees, independent contractors and agents as additional insureds;
(b) a clause that includes all Subcontractors as additional insureds;
(c) a cross-liability insurance clause endorsement acceptable to the LHIN;
(d) a clause requiring the insurer to provide 30 days prior written notice to the LHIN in the manner set forth in the policy in the event of,
(i) termination of the policy; or
(ii) any material change to the policy; and
(e) a clause including liability arising out of contract or agreement.
(2) The Service Provider shall maintain in full force and effect during the Agreement Term, at its own expense, a policy of professional liability insurance in the form and substance reasonably acceptable to the LHIN, with prior consultation, providing coverage for a limit of not less than $5,000,000 per claim. For greater certainty, such professional liability shall be exclusive of any professional liability insurance coverage obtained by Service Provider Personnel pursuant to the applicable College Standards and Guidelines.
(3) No later than five days prior to the Starting Date, the Service Provider shall provide to the LHIN updated certificates of insurance which,
(a) reference this Agreement;
(b) outline the limits and coverage; and
(c) are otherwise acceptable to the LHIN.
(4) The Service Provider shall notify the LHIN of the expiry or non-renewal of a required insurance policy, change in insurer or of any amendments to the insurance policy by providing an amended certificate of insurance to the LHIN within 10 days after the effective date of such expiratio...
2Insurance. 7.2. 1Notwithstanding any benefit to the Customer of the policy or policies of insurance referred to in Clause 31 (Insurance) of the Panel Agreement, the Supplier shall effect and maintain further policy or policies of insurance or extensions to such existing policy or policies of insurance procured under the Panel Agreement in respect of all risks which may be incurred by the Supplier arising out of its performance of its obligations under this Legal Services Contract. Such policy or policies shall include professional indemnity cover in respect of any financial loss to the Customer arising from any advice given or omitted to be given by the Supplier under the Legal Services Contract or otherwise in connection with the provision of the Ordered Panel Services. Such insurance shall be maintained for so long as the Supplier may have any liability to the Customer hereunder.
2Insurance. The Company will, and will cause each of its Subsidiaries to, maintain, with financially sound and reputable insurers, insurance with respect to their respective properties and businesses against such casualties and contingencies, of such types, on such terms and in such amounts (including deductibles, co-insurance and self-insurance, if adequate reserves are maintained with respect thereto) as is customary in the case of entities of established reputations engaged in the same or a similar business and similarly situated.
2Insurance. 9.2.1 Beginning no later than commencement of the first Clinical Study for any Licensed Product, Licensee, at its sole cost and expense, must insure its activities in connection with the exercise of its rights under this Agreement and obtain, and keep in force and maintain Commercial Form General Liability Insurance (contractual liability included) with limits as follows:
(a) Each occurrence[*];
(b) General aggregate[*]
(c) Clinical trials liability insurance[*]
(d) Products liability insurance[*] Penn may review periodically the adequacy of the minimum amounts of insurance for each coverage required by this Section 9.2.1, and has the right to require Licensee to adjust the limits in Penn’s reasonable discretion.
9.2.2 If the above insurance is written on a claims-made form, it shall continue for [*] following termination or expiration of this Agreement. The insurance shall have a retroactive date of placement prior to or coinciding with the Original Effective Date.
9.2.3 Licensee expressly understands, however, that the coverages and limits in Section 9.2.1 do not in any way limit Licensee’s liability or indemnification obligations. Licensee’s insurance will:
(a) Be issued by an insurance carrier with an [*] or better;
(b) Provide for [*] advance written notice to Penn of any modification;
(c) State that Penn is endorsed as an additional insured with respect to the coverages in Section 9.2.1; and
(d) Include a provision that the coverages will be primary and will not participate with nor will be excess over any valid and collective insurance or program of self insurance carried or maintained by Penn.
9.2.4 Licensee must furnish to Penn with (a) valid certificate of insurance evidencing compliance with all requirements of this Agreement and (b) additional insured endorsements for Licensee’s applicable policies naming “The Trustees of the University of Pennsylvania” as an additional insured. Licensee must furnish both documents within [*] each year and at any time there is a modification in such insurance. 35
