Advisor's Insurance Sample Clauses

Advisor's Insurance. During the term of this Agreement, Advisor, as a reimbursable cost under this Agreement with regard to subsection (b) below, shall maintain in full force and effect the following kinds of insurance and levels of coverage:
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Advisor's Insurance. The ADVISOR shall offer proof that the ADVISOR maintains a fidelity bond and a fiduciary liability insurance policy that adequately safeguard the assets of the Fund. Proof of such bond and insurance coverage, including the limits thereon, shall be filed with the Secretary of the BOARD in the form of a certificate of insurance prior to the allocation of the Fund’s assets to the ADVISOR. The certificate of insurance shall (i) specify the maximum limits of liability per incident and in the aggregate, (ii) specify the amount of any deductible, and (iii) contain an endorsement that the bond or insurance coverage will not be cancelled or materially changed unless the insurer has notified the BOARD in writing by certified mail or fax at least thirty days prior to the cancellation or change to the extent that such endorsement can be obtained. In the event that either the insurer refuses to agree in writing to provide such notice to the BOARD after commercially reasonable efforts by the ADVISOR to obtain such an agreement or the insurer expressly disavows liability for its failure to provide such notice, the ADVISOR shall assume the duty to provide notice of cancellation or change to the BOARD, as well as liability to the BOARD for losses resulting in ADVISOR’s failure to provide such notice that could have been covered by the insurance or bond. The ADVISOR shall submit to the Secretary of the BOARD a written statement that sets forth the basis on which the limits of liability under the bond and insurance coverage were established. The BOARD may, in its discretion, make such changes with respect to insurance coverage and bonding as it reasonably deems appropriate for the protection of the Fund by giving written notice of such changes to the ADVISOR at least 30 days in advance of the effective date for such changes.
Sample 1
Advisor's Insurance. Advisor has procured and shall maintain at all times at its expense during the term of this Agreement Errors and Omissions/Professional Liability Insurance and Financial Institutional Bond Insurance in the amount of $5,000,000 per claims made and in the aggregate. If requested to do so, Advisor shall furnish to AGAR on an annual basis a certificate evidencing such insurance setting forth (i) the amount(s) and types of coverage, (ii) policy number(s), (iii) expiration date(s), (iv) carrier name(s), and (v) deductibles. Furthermore, Advisor shall promptly provide Notice to AGAR of any termination or reduction in the amount or scope of coverage. Advisor shall be permitted to maintain the foregoing coverage on a "blanket" or "umbrella" basis; provided that in no event shall less than the full amount of coverage required by this Agreement be available for claims arising hereunder or in connection herewith. The maintenance of Errors and Omission/Professional Liability Insurance or Financial Institutional Bond Insurance shall not release Advisor from any obligations or liabilities under this Agreement.
Sample 1
Advisor's Insurance 
Sample 1

Related to Advisor's Insurance

  • Lessor's Insurance The Lessor, the Indenture Trustee or the Owner Participant may insure the Airframe or any Engine at its own cost and expense, including insuring the Aircraft for amounts in excess of the Stipulated Loss Value of the Aircraft, provided that any insurance so maintained by the Lessor, the Indenture Trustee or the Owner Participant shall not result in a reduction of coverage or amounts payable under insurance required or permitted to be maintained by the Lessee under this Article 13 or increase the cost to the Lessee of maintaining such insurance; provided further, that any insurance policies of the Lessor, the Indenture Trustee or the Owner Participant insuring the Airframe or any Engine shall provide for a release to the Lessee of any and all salvage rights in and to the Airframe or any Engine.

  • Contractor’s Insurance 27.1 The Contractor shall procure and maintain at all times it performs any portion of the Services the following insurance with minimum limits equal to the amount indicated below.

  • Manager's Insurance Manager shall, on its own behalf and at its sole ------------------- cost and expense, procure and maintain in force during the term of this Agreement policies in the following categories in the amount indicated:

  • Business Insurance The Transaction Entities and their respective subsidiaries carry or are entitled to the benefits of insurance, with financially sound and reputable insurers, in such amounts and covering such risks as is generally maintained by companies of established repute engaged in the same or similar business, and all such insurance is in full force and effect. Neither of the Transaction Entities has any reason to believe that it or any of their respective subsidiaries will not be able to (A) renew, if desired, its existing insurance coverage as and when such policies expire or (B) obtain comparable coverage from similar institutions as may be necessary or appropriate to conduct its business as now conducted and at a cost that would not reasonably be expected to, singly or in the aggregate, result in a Material Adverse Effect.

  • Owner’s Insurance Owner will be responsible for purchasing and maintaining Owner’s liability insurance and other reasonably appropriate insurance.

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • R&W Insurance During the Interim Period, Acquiror may (but shall not be required to) obtain a buyer-side representations and warranties insurance policy with respect to the representations and warranties of the Company, in the name of and for the benefit of Pubco (the “R&W Policy”), which the Acquiror shall give the Company and its Representatives a reasonable opportunity to review and must be reasonably satisfactory to the Company. The Company will use commercially reasonable efforts to provide to Acquiror, during the Interim Period, reasonable assistance as is reasonably required so as to permit the binding and issuance of the R&W Policy at or prior to the Closing, including the execution and delivery of such no-claims declarations as is reasonably necessary (with such exceptions as deemed necessary by the Company) in connection with the issuance of the R&W Policy; provided that any such no-claims declaration given by an officer of the Company shall only be required to be given in such individuals’ capacity as an officer of the Company, and not in any individual capacity; provided further that the failure to deliver any no-claims declaration or breach of the covenants set forth in this Section 7.09, shall not constitute a failure of the condition set forth in Section 10.02(b) to be satisfied. If obtained by Acquiror, the R&W Policy shall provide that (i) the insurer or a Person claiming through the insurer shall have no, and shall waive and not pursue any and all, subrogation rights against the Company (including any successor entities) or any of its (including any successor entities) Affiliates (including any Pre-Closing Holder) with respect to any claim made by any insured thereunder (except against such Person to the extent a claim is paid by the insurer under the R&W Policy as a direct result of such Person’s Fraud); (ii) the Company (including any successor entities) is a third-party beneficiary of such waiver with the express right to enforce such waiver; and (iii) no Person shall amend the R&W Policy in a manner adverse to the Company (including any successor entities) or any of its Affiliates (including any Pre-Closing Holder) (including, for the avoidance of doubt, to provide that the insurer or any other Person may bring a claim against the Company (including any successor entity) or its Affiliates (including any Pre-Closing Holder) by way of subrogation (except as a direct result of such Person’s Fraud)), without the Company’s prior written consent. All reasonable and documented out-of-pocket costs and expenses incurred by Acquiror and the Company in obtaining the R&W Policy, including all premiums, brokers fees, and related costs, shall be treated as Acquiror Transaction Expenses.

  • Tail Insurance The Company shall have provided Parent with evidence reasonably satisfactory to Parent of the purchase of the D&O Tail Policy in accordance with Section 4.9.

  • Sub-Adviser Insurance The Sub-Adviser agrees that it will maintain at its own expense an errors and omissions insurance policy with respect to the Sub-Adviser in a commercially reasonable amount based upon the amount of assets managed by the Sub-Adviser and commercial general liability insurance in a commercially reasonable amount. The foregoing policies shall be issued by insurance companies that maintain an A.M. Best rating of A- or higher, or are otherwise acceptable to the Adviser in its reasonable discretion. Any and all deductibles specified in the above-referenced insurance policies shall be assumed by the Sub-Adviser.

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