9Insurance Sample Clauses
9Insurance. Contractor must provide insurance coverage as set out in this section. The intent of the required insurance is to protect the State should there be any claims, suits, actions, costs, damages or expenses arising from any negligent or intentional act or omission of Contractor or Subcontractor, or agents of either, while performing under the terms of this Contract. Contractor must provide insurance coverage that is maintained in full force and effect during the term of this Contract, as follows:
9Insurance. The service agreement manager has completed due diligence of the Insurance Certificates of Currency and confirms the below insurances are valid and in accordance with service agreement requirements. The following details of currency have been provided: [For example:] Insurer Policy No. Insured Amount $ Expiry Date Exclusions
9Insurance. You shall make sure that You are adequately insured for all business You or Your employees undertake in relation to this Agreement. The obligation to insure shall continue for a minimum of SIX (6) years following the termination of this Agreement. 8REMUNERATION We will pay You remuneration for the servicing of clients as set out In Schedule A. It is agreed that income is not earned from a client until such time as the client has fully paid to Us the invoice to which the income relates. Where an invoice is being paid directly to the insurer by Your client on a monthly instalment, We will treat such invoices as fully paid and pay You the full income on such invoices. On Termination of this Agreement You will pay to Us all Income which has not been paid to Us by the insurer in relation to such invoices. You will pay Us remuneration for the provision of management and other support services as set out in Schedule A. We may deduct any amounts owed by You to Us from any remuneration payable to You. All remuneration will be paid to the other party within the timeframes as stipulated in Schedule A. 9TERMINATION This Agreement shall continue until terminated in accordance with the following clauses. We may suspend the authorities conferred on You by this Agreement forthwith if You or Your Representatives: Breach any Applicable Laws; Commit any serious or persistent breach of any of the provisions of this Agreement or any our Policy and Procedures with which We from time to time require You to comply. The suspension may operate until the breaches are remedied. If You do not remedy the breach(es) within 7 Business Days of receipt of notification or the breaches are not capable of being remedied, We may terminate this Agreement forthwith. You must notify Us immediately upon the occurrence of any of the following: You are in breach of any of Your obligations or duties contained in this Agreement; an order is made by any competent court or a resolution is passed by You for Your winding up or dissolution (except for the purposes of amalgamation and reconstruction not involving or arising out of insolvency) or You enter into voluntary administration or You, being a natural person, is declared bankrupt; a provisional liquidator, trustee or receiver has been appointed of the whole or any part of the assets, rights or revenue of Yours; You propose or enter into a moratorium, composition or other arrangement for the suspension of debts or for the benefit of Your creditors gen...
9Insurance. The Lender shall have received a copy of, and a certificate as to coverage under, the insurance policies of the Loan Parties.
9Insurance. The SUPPLIER is obliged to take out and maintain adequate product liability insurance to cover all risks arising out of this Agreement. This applies particularly in regard to the recall and exchange risk of the SUPPLIER. The SUPPLIER undertakes on completion of the delivery contract, but no later than 14 days after conclusion of the contract, to send KOKI written confirmation from the insurance company confirming the existence or conclusion of adequate product liability insurance.
9Insurance. (a) Catalent shall, at its own cost and expense, obtain and maintain in full force and effect during the Term the following: (A) Commercial General Liability Insurance with a per occurrence limit of $[*] and an annual aggregate limit of $[*], (B) Products and Completed Operations Liability Insurance with a per occurrence limit of not less than $[*], (C) Workers’ Compensation Insurance with statutory amounts and Employers Liability Insurance with limits of not less than $[*]per accident, and (D) Auto Liability insurance for owned, hired and non-owned vehicles in a minimum amount of $[*]combined single limit.
(b) Passage Bio shall, at its own cost and expense, obtain and maintain in full force and effect during the Term the following: (A) Commercial General Liability Insurance with a per occurrence limit of $[*]and an annual aggregate limit of $[*], (B) Products and Completed Operations Liability Insurance with a per occurrence limit of not less than $[*], (C) Workers’ Compensation Insurance with statutory amounts and Employers Liability Insurance with limits of not less than $[*] per accident, and (D) Auto Liability insurance for owned, hired and non-owned vehicles in a minimum amount of $[*] combined single limit. Passage Bio shall, at its own cost and expense, obtain and maintain in full force and effect during the Term, All Risk Property Insurance, including transit coverage, in an amount equal to the full replacement value of its property while in, or in transit to, or from, a Catalent facility.
(c) Each Party may self-insure all or any portion of the required insurance as long as, together with its Affiliates, its U.S. GAAP net worth is greater than $[*] or its annual EBITDA (earnings before interest, taxes, depreciation and amortization) is greater than $[*]. If any of the required policies of insurance are written on a claims-made basis, such policies shall be maintained throughout the Term and for a period of at least [*] thereafter. Each Party shall be named as an additional insured within the other Party’s products liability insurance policies; provided, that such additional insured status will apply solely to the extent of the insured Party’s indemnity obligations under this agreement. Waivers of subrogation and additional insured status obligations will operate the same whether insurance is carried through Third Parties or self-insured. Upon the other Party’s written request from time to time, each Party shall promptly furnish to the other Party...
9Insurance. Vulcain does not have any insurance policies in effect nor are there any claims, actual or potential, which may be made against them. All insurance policies listed on Schedule 2.9 are fully in force.
9Insurance. The CONTRACTOR shall effect and maintain during the term of this CONTRACT policies of insurance with reputable insurers covering: -
9Insurance. Each vehicle securing a Loan is insured against loss under a policy issued by an insurer reasonably acceptable to Correspondent and qualified to do business in the state where the vehicle is located, in a form such that it may be endorsed to Correspondent as loss payee. To the best of E-LOAN's knowledge, there are no facts or circumstances that could provide a basis for revocation of, or a defense to any claims made under, any insurance policy covering a vehicle.