Common use of Agent’s Insurance Clause in Contracts

Agent’s Insurance. Agent shall maintain at Agent’s cost as an Expense hereunder throughout the Sale Term, in such amounts as it currently has in effect, comprehensive public liability insurance policies covering injuries to persons and property in or in connection with Agent’s agency at the Store, and shall cause Merchant to be named as additional insureds with respect to such policies. Agent shall deliver to Merchant certificates evidencing such insurance policies setting forth the duration thereof and naming Merchant as additional insureds, in form and substance reasonably satisfactory to Merchant. In the event of a claim under any such policies, Agent shall be responsible for the payment of all deductibles, retentions or self-insured amounts thereunder, unless it is determined that liability arose by reason of the willful misconduct or grossly negligent acts or omissions of Merchant or Merchant’s employees, independent contractors or agents (other than Agent or Agent’s employees, agents or independent contractors). Agent shall not make any change in the amount of any deductibles or self insurance amounts prior to the Sale Termination Date without Merchant's prior written consent.

Appears in 1 contract

Samples: Second Agency Agreement

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Agent’s Insurance. Agent shall maintain at Agent’s cost as an Expense hereunder throughout and expense until the Sale TermTermination Date, in such amounts as it currently has in effect, comprehensive public liability and automobile liability insurance policies covering injuries to persons and property in or in connection with Agent’s agency at the StoreStores, and shall cause Merchant to be named as an additional insureds insured with respect to such policies. Prior to the Payment Date, Agent shall deliver to Merchant certificates evidencing such insurance policies setting forth the duration thereof and naming Merchant as an additional insuredsinsured, in form and substance reasonably satisfactory to Merchant. In the event of a claim under any such policies, Agent shall be responsible for the payment of all deductibles, retentions or self-insured amounts thereunder, unless it is determined that liability arose by reason of the willful misconduct or grossly negligent wrongful acts or omissions or negligence of Merchant or Merchant’s employees, independent contractors or agents (other than Agent or Agent’s employees, agents or independent contractors). Agent shall not make any change in the amount of any deductibles or self insurance amounts prior to the Sale Termination Date without Merchant's prior written consent.

Appears in 1 contract

Samples: Agency Agreement (Wet Seal Inc)

Agent’s Insurance. Agent shall maintain at Agent’s 's cost as an Expense hereunder and expense throughout the Sale Term, in such amounts as it currently has in effect, comprehensive public liability and automobile liability insurance policies covering injuries to persons and property in or in connection with Agent’s Agent `s agency at the StoreStores, and shall cause Merchant to be named as an additional insureds insured with respect to such policies. Prior to the Sale Commencement Date, Agent shall deliver to Merchant certificates evidencing such insurance policies setting forth the duration thereof and naming Merchant as an additional insuredsinsured, in form and substance reasonably satisfactory to Merchant. In the event of a claim under any such policies, policies Agent shall be responsible for the payment of all deductibles, retentions retention's or self-insured amounts thereunder, unless it is determined that liability arose by reason of the willful misconduct or grossly negligent wrongful acts or omissions or negligence of Merchant or Merchant’s 's employees, independent contractors or agents (other than Agent or Agent’s 's employees, agents or independent contractors). Agent shall not make any change in the amount of any deductibles or self insurance amounts prior to the Sale Termination Date without Merchant's prior written consent.

Appears in 1 contract

Samples: Agency Agreement (Factory 2 U Stores Inc)

Agent’s Insurance. Agent shall maintain at Agent’s 's cost as an Expense hereunder and expense throughout the Sale Term, in such amounts as it currently has in effect, comprehensive public liability and automobile liability insurance policies covering injuries to persons and property in or in connection with Agent’s 's agency at the StoreStores, and shall cause Merchant to be named as an additional insureds insured with respect to such policies. Prior to the Sale Commencement Date, Agent shall deliver to Merchant certificates evidencing such insurance policies setting forth the duration thereof and naming Merchant as an additional insuredsinsured, in form and substance reasonably satisfactory to Merchant. In the event of a claim under any such policies, policies Agent shall be responsible for the payment of all deductibles, retentions retention's or self-insured amounts thereunder, unless it is determined that liability arose by reason of the willful misconduct or grossly negligent wrongful acts or omissions or negligence of Merchant or Merchant’s 's employees, independent contractors or agents (other than Agent or Agent’s 's employees, agents or independent contractors). Agent shall not make any change in the amount of any deductibles or self insurance amounts prior to the Sale Termination Date without Merchant's prior written consent.

Appears in 1 contract

Samples: Agency Agreement (Solo Serve Corp)

Agent’s Insurance. Agent shall maintain at Agent’s cost as an Expense hereunder and expense throughout the Sale Term, in such amounts as it currently has in effect, comprehensive public liability insurance policies covering injuries to persons and property in or in connection with Agent’s agency at the StoreStores, and shall cause Merchant to be named as additional insureds and loss payees with respect to such policies. Agent shall deliver to Merchant certificates evidencing such insurance policies setting forth the duration thereof and naming Merchant as additional insureds, in form and substance reasonably satisfactory to Merchant. In the event of a claim under any such policies, Agent shall be responsible for the payment of all deductibles, retentions or self-insured amounts thereunder, unless it is determined that liability arose by reason of the willful misconduct or grossly negligent wrongful acts or omissions or negligence of Merchant or Merchant’s employees, independent contractors or agents (agents, other than Agent or Agent’s employees, agents or independent contractorscontractors (including Merchant’s employees under Agent’s supervision). Agent shall not make any change in the amount of any deductibles or self insurance amounts prior to the Sale Termination Date without Merchant's prior written consent.

Appears in 1 contract

Samples: Agency Agreement (Linens Holding Co.)

Agent’s Insurance. Agent shall maintain at Agent’s cost as an Expense hereunder and expense throughout the Sale Term, in such amounts as it currently has in effect, comprehensive public liability insurance policies covering injuries to persons and property in or in connection with Agent’s agency at the StoreClosing Stores, and shall cause Merchant to be named as additional insureds with respect to such policies. Agent shall deliver to Merchant certificates evidencing such insurance policies setting forth the duration thereof and naming Merchant as additional insureds, in form and substance reasonably satisfactory to Merchant. In the event of a claim under any such policies, Agent shall be responsible for the payment of all deductibles, retentions or self-insured amounts thereunder, unless it is determined that liability arose by reason of the willful misconduct or grossly negligent wrongful acts or omissions or negligence of Merchant or Merchant’s employees, independent contractors or agents (agents, other than Agent or Agent’s employees, agents or independent contractorscontractors (including Merchant’s employees under Agent’s supervision). Agent shall not make any change in the amount of any deductibles or self insurance amounts prior to the Sale Termination Date without Merchant's prior written consent.

Appears in 1 contract

Samples: Agency Agreement

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Agent’s Insurance. Agent shall maintain at Agent’s 's cost as an Expense hereunder and expense throughout the Sale Term, in such amounts as it currently has in effect, comprehensive public liability and automobile liability insurance policies covering injuries to persons and property in or in connection with Agent’s 's agency at the StoreStores, and shall cause Merchant to be named as an additional insureds insured with respect to such policies. Prior to the Sale Commencement Date, Agent shall deliver to Merchant certificates evidencing such insurance policies setting forth the duration thereof and naming Merchant as an additional insuredsinsured, in form and substance reasonably satisfactory to Merchant. In the event of a claim under any such policies, policies Agent shall be responsible for the payment of all deductibles, retentions retention's or self-insured amounts thereunder, unless it is determined that liability arose by reason of the willful misconduct or grossly negligent wrongful acts or omissions or negligence of Merchant or Merchant’s 's employees, independent contractors or agents (other than Agent or Agent’s 's employees, agents or independent contractors). Agent shall not make any change in the amount of any deductibles or self insurance amounts prior to the Sale Termination Date without Merchant's prior written consent.

Appears in 1 contract

Samples: Agency Agreement (Crown Books Corp)

Agent’s Insurance. Agent shall maintain at Agent’s cost as an Expense hereunder throughout the Sale Term, in such amounts as it currently has in effect, comprehensive public liability insurance policies covering injuries to persons and property in or in connection with Agent’s agency at the StoreStores, and shall cause Merchant to be named as additional insureds and loss payees with respect to such policies. Agent shall deliver to Merchant certificates evidencing such insurance policies setting forth the duration thereof and naming Merchant as additional insureds, in form and substance reasonably satisfactory to Merchant. In the event of a claim under any such policies, Agent shall be responsible for the payment of all deductibles, retentions or self-insured amounts thereunder, unless it is determined that liability arose by reason of the willful misconduct or grossly negligent wrongful acts or omissions or negligence of Merchant or Merchant’s employees, independent contractors or agents (agents, other than Agent or Agent’s employees, agents or independent contractorscontractors (including Merchant’s employees under Agent’s supervision). Agent shall not make any change in the amount of any deductibles or self insurance amounts prior to the Sale Termination Date without Merchant's prior written consent.

Appears in 1 contract

Samples: Agency Agreement (Linens 'N Things Center, Inc.)

Agent’s Insurance. Agent shall maintain at Agent’s cost as an Expense hereunder throughout the Sale Term, in such amounts as it currently has in effect, comprehensive public liability insurance policies covering injuries to persons and property in or in connection with Agent’s agency at the StoreStores, and shall cause Merchant to be named as additional insureds with respect to such policies. Agent shall deliver to Merchant certificates evidencing such insurance policies setting forth the duration thereof and naming Merchant as additional insureds, in form and substance reasonably satisfactory to Merchant. In the event of a claim under any such policies, Agent shall be responsible for the payment of all deductibles, retentions or self-insured amounts thereunder, unless it is determined that liability arose by reason of the willful misconduct or grossly negligent wrongful acts or omissions or negligence of Merchant or Merchant’s employees, independent contractors or agents (agents, other than Agent or Agent’s employees, agents or independent contractorscontractors (including Merchant’s employees under Agent’s supervision). Agent shall not make any change in the amount of any deductibles or self insurance amounts prior to the Sale Termination Date without Merchant's prior written consent.

Appears in 1 contract

Samples: Agency Agreement

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