4Insurance. Maintain insurance with reputable and financially sound insurance companies or associations, including self-insurance to the extent customary, acceptable to Agent in such amounts and covering such risks as are usually carried by companies engaged in the same or similar business and similarly situated, and make such increases in the type or amount of coverage as Agent may reasonably request. All such policies insuring any collateral for the Borrower’s obligations to Lender and Agent will have additional insured, mortgagee and lender’s loss payee clauses or endorsements, as applicable, in form and substance satisfactory to Agent. At Agent’s request, the Borrower agrees to deliver to Agent such proof of compliance with this section as Agent may require.
4Insurance. The Company shall purchase and maintain insurance, on behalf of the Indemnitees, and shall purchase and maintain insurance on behalf of the Company, against any liability that may be asserted against or expenses that may be incurred by any such Person in connection with the activities of the Company or the Indemnitees, and in such amounts, as the Board of Managers reasonably determines are customary for similarly-situated businesses such as the Company and its Subsidiaries, regardless of whether the Company would have the power to indemnify such Person against such liability under the provisions of this Agreement.
4Insurance seller must maintain the following insurance policies on ordinary terms with no unusual exclusions: workers compensation insurance, during the term, as required by law; public liability insurance, in an amount of at least the value specified in Item 28 of Schedule B; if seller provides services under this contract, professional indemnity insurance, in an amount of at least the value specified in Item 29 of Schedule B; if seller provides products under this contract, product liability insurance, in an amount of at least the value specified in Item 30 of Schedule B; and any other insurance specified in Item 31 of Schedule B, in an amount of at least the value specified in Item 31. All amounts specified in clause 14.4.1 are per claim (or series of related claims). seller must maintain all insurance policies required under clause 14.4.1 during the term, other than “claims made” polices which must be maintained for at least 2 years (or such longer period if any specified in Item 32 of Schedule B) after the expiry or termination of this contract. If requested by buyer in a notice, seller must provide buyer with certificates of currency of all insurance policies required under clause 14.4.1 and details of the extent of cover.
4Insurance. Throughout the Term, MaxMD shall maintain. at its sole cost, a policy or policies of insurance for general liability and professional liability in amounts not less than $1,000,000 per occurrence and $3,000,000 in the aggregate for claims related to the performance of this Agreement and arising during the Term. Promptly upon Subscriber's request, MaxMD will provide Subscriber with a valid certificate of insurance evidencing the foregoing coverage.
4Insurance. Each Party will acquire and maintain, at its own expense, insurance or self-insurance, as reasonably necessary to cover its own product liability and its obligations under this Agreement. Within [***] days following written request from the other Party, each Party will furnish to such other Party a certificate of insurance evidencing such coverage.
4Insurance. The Section 11.6 (Insurance) of the Collaboration Agreement shall apply to this Agreement.
4Insurance. Omeros, at its own expense, shall maintain product liability and other appropriate insurance in an amount consistent with industry standards during the Term. Omeros shall provide a certificate of insurance evidencing such coverage to Xencor upon request.
4Insurance. Borrower shall insure and keep insured, and shall cause each Subsidiary to insure and keep insured, with good and responsible insurance companies acceptable to Administrative Agent in its discretion, all insurable Property owned by it which is of a character usually insured by Persons similarly situated and operating like Properties against loss or damage from such hazards and risks, and in such amounts, as are insured by Persons similarly situated and operating like Properties; and Borrower shall insure, and shall cause each Subsidiary to insure, such other hazards and risks (including business interruption, employers’ and public liability risks) with good and responsible insurance companies acceptable to Administrative Agent in its discretion and to the extent usually insured by Persons similarly situated and conducting similar businesses. Borrower shall, upon the request of Administrative Agent, furnish to Administrative Agent and the Lenders a certificate setting forth in summary form the nature and extent of the insurance maintained pursuant to this Section.
4Insurance. During any period when Company, its Affiliate or any Licensee is clinically developing or commercializing any Drug Candidate or Product and for [**] years thereafter, Company, at its own expense, shall maintain clinical trial and/or product liability insurance, as applicable, in an amount consistent with industry standards and only if available on commercially reasonable terms, and shall name the Foundation as an additional insured with respect to such insurance, with respect to losses arising out of or related to the activities contemplated under this Agreement. Company shall provide a certificate of insurance evidencing such coverage to the Foundation upon request.
4Insurance. From and after the Closing, Cyprium or its Affiliate, as applicable, shall maintain the coverage under the Insurance Policies or maintain comparable insurance policies, including the purchase of a 4-year prepaid tail policy for the Insurance Policies or substantially similar coverage which shall name Sentynl and its Affiliates as an additional insured.
