Adequate Insurance. Supplier warrants to Distributor that it has adequate general liability insurance, and agrees to designate Distributor as an additional insured on such insurance if Distributor so requests. Distributor warrants to Supplier that it has adequate general liability insurance, and agrees to designate Supplier as an additional insured on such insurance if Supplier so requests.
Adequate Insurance. The Borrower and each of the Significant Subsidiaries are insured by insurers of recognised financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which they are engaged in the jurisdiction where they operate, respectively; neither the Borrower nor any of the Significant Subsidiaries has been refused any insurance coverage sought or applied for; and neither the Borrower nor any of the Significant Subsidiaries has any reason to believe that they will not be able to renew their existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue their business at a cost that would not have a Material Adverse Effect, except, in each case, as disclosed in Schedule II to the Side Letter.
Adequate Insurance. Undersigned at own expense, if required by Lender, shall insure Collateral with companies acceptable to Lender against such casualties and in such amounts as prudent and adequate to protect Lender or as Lender shall require. All insurance policies shall be written for benefit of Undersigned and Lender as their interests appear and such policies or certified copies thereof evidencing same shall be furnished to Lender within ten days of date of this agreement. All policies of insurance shall provide for at least ten days prior written notice of cancellation to Lender. Lender may act as attorney for Undersigned in the procuring of insurance, in making, adjusting, and settling claims under or cancelling such insurance and in endorsing Undersigned’s name on any drafts or checks drawn by insurers of Collateral.
Adequate Insurance. 13.1 During the term of the Agreement Kivuto will obtain and/or maintain, at its sole cost and expense, insurance coverage that meets the following requirements: (i) the insurance shall insure Kivuto against legal liability related to the Services performed under the Agreement, including commercial general liability and cyber liability; and (ii) issued by financially sound and reputable insurers.
Adequate Insurance. The Company maintains insurance coverage that the Company and the Shareholders believe is reasonably adequate to protect the assets and operations of the Company, and is sufficient for material compliance with all requirements of law and all agreements to which the Company is a party. No notice of any termination or threatened termination of such policies has been received by the Company and, to the knowledge of the Company or the Shareholders, such policies are valid, binding, and enforceable.
Adequate Insurance. The Borrower and each of its Significant Subsidiaries has, where relevant, applied for insurance with an insurer or insurers of sufficient standing against such losses and risks and in such amounts as are prudent and customary in the businesses in which they are engaged in the jurisdiction where they operate, respectively; the Borrower and each of its Significant Subsidiaries has not been refused any insurance coverage sought or applied for; and the Borrower and each of its Significant Subsidiaries, where relevant, has no reason to believe that they will not be able to obtain, within 60 days of the date of the making of the Loan, such coverage as may be necessary to continue their business at a cost that would not have a Material Adverse Effect.
Adequate Insurance. The Guarantor and each of its subsidiaries that are also Significant Subsidiaries have, where relevant, applied for insurance with insurer or insurers of sufficient standing against such losses and risks and in such amounts as are prudent and customary in the businesses in which they are engaged in the jurisdiction where they operate, respectively; that Guarantor and each of its Subsidiaries that are also Significant Subsidiaries have not been refused any insurance coverage sought or applied for; and that Guarantor and each of its Subsidiaries that are also Significant Subsidiaries have, where relevant, no reason to believe that they will not be able to obtain, within 60 days of the date hereof, such coverage as may be necessary to continue their business at a cost that would not have a Material Adverse Effect.
Adequate Insurance. 22 2.29 Contracts with Affiliates and Others........................ 22 2.30 Revenue Recognition......................................... 22 2.31
Adequate Insurance. The Company and its subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as they believe are reasonable for the businesses in which they engage; and the Company and its subsidiaries believe that they will be able to renew their existing insurance coverage as and when such coverage expires or to obtain similar coverage from financially responsible insurers as may be necessary to continue their business at a cost that would not have a Material Adverse Effect.
Adequate Insurance. During the term of this Agreement, each of the Parties shall obtain and maintain at its sole cost and expense, product liability insurance or self-insurance that meets the following requirements (a) the insurance shall insure such Party and its Affiliates against all liability related to the product, including liability for bodily injury, property damage, wrongful death and any contractual indemnity obligations imposed by this Agreement, and (b) the insurance shall be in amounts, respectively, that are reasonable and customary in the industry for companies of comparable size and activity but in no event less than One Million and 00/100 Dollars per claim and Five Million Dollars in the aggregate. The Parties shall provide each other with a certificate of insurance evidencing the above coverage prior to commencing any work under this Agreement. The insurance certificate to be furnished must also evidence, that the Party's policies of insurance, which are required hereunder, have been endorsed to (x) provide the other Party with thirty (30) days' prior written notice of cancellation of such insurance coverage for any reason, except for non-payment of premium, as to which the other Party shall receive ten (10) days' prior written notice of cancellation, (y) name the certificate holder, its affiliates, subsidiaries, officers, directors, and employees (collectively, the “Certificate Holder”) as additional insureds, and (z) waive subrogation against the Certificate Holder. If a Party carries umbrella liability coverage, then, all of the requirements of this paragraph shall apply to such umbrella liability coverage. Notwithstanding the foregoing, coverage for a Certificate Holder as an additional insured will not apply to bodily injury, property damage or any other damages arising out of the negligent or willful acts or omissions of Certificate Holder, any employees of Certificate Holder or any third party.
