AGREEMENT AS TO INSURANCE Sample Clauses

AGREEMENT AS TO INSURANCE. 4.1 The Company shall purchase and maintain for the benefit of the Director, for so long as a Claim may be lawfully brought against the Director as a director of the Company or any Associated Company, (which, for the avoidance of doubt, shall include any period after the Director shall have ceased to be a director of the Company or any Associated Company) directors’ and officers’ liability insurance on terms, conditions, and limits that are at least comparable to those of directors’ and officers’ liability insurance purchased and maintained by companies similar to the Company, provided that the Company shall not be so obliged if either: (i) such insurance is no longer available in the UK market nor any equivalent alternative market for the provision of such insurance (including, to the extent permitted by law from time to time, any self insurance arrangement involving Associated Companies); or (ii) such insurance is only available on such terms or conditions or for such premium that the Company is able to establish, to the reasonable satisfaction of not less than two thirds of the then current directors of the Company, that it would be unreasonable to proceed with the purchase of such insurance. 4.2 Not withstanding any other provision of this Deed, the Director and the Company each undertake and agree to comply with the requirements of any directors’ and officers’ liability insurance in force from time to time including, without limitation, any requirements in relation to the conduct of claims, and not to take any action that would reduce or extinguish the liability of the insurer thereunder. 4.3 In the event of any breach of clause 4.1 or 4.2, the Director acknowledges that the Company’s liability to the Director shall be limited to the extent permissible in accordance with the law, from time to time, and in particular with section 232 of the Act. 4.4 In the event that the Director shall have a right to make a claim under the provisions of clause 2.1 and clause 4.1 and/or clause 4.2, the Director shall claim first under the provisions of clause 2.1 and accordingly comply with the Director’s obligations under clauses 2.7 to 2.10. Provided to the extent that the Director is not adequately protected under the provisions of clause 2.1, then, subject to the Director complying with the obligations under clauses 2.6 to 2.9, the Director shall be entitled subsequently to bring a claim under either or both of clause 4.1 or clause 4.2.
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AGREEMENT AS TO INSURANCE. 3.1 The Company shall use its reasonable endeavours to maintain appropriate directors’ and officers’ liability insurance (including ensuring that premiums are properly paid) for the benefit of the Indemnified Person for so long as any Claims may lawfully be brought against the Indemnified Person and in respect of any matter occurring or alleged to have occurred while the Indemnified Person is or was a director of the Company. 3.2 The Company shall use its reasonable endeavours to retain in any renewed directors’ and officers’ liability insurance policy a clause permitting the Indemnified Person to notify claims for an extended period following non-renewal of directors’ and officers’ liability insurance cover.
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AGREEMENT AS TO INSURANCE. The Indemnifying Company will maintain appropriate insurance consistent with that, and so long as such cover is, maintained for the directors of the Indemnifying Company (including ensuring that premiums are properly paid) for the benefit of the Indemnified Person: (a) during the period from the date of this deed to the date on which the Indemnified Person is appointed as a director of the Indemnifying Company; and (b) if such person is appointed as a director of the Indemnifying Company, during his directorship in accordance with the articles of association of the Indemnifying Company; or (c) if such person is not appointed as a director of the Indemnifying Company, for a period of six years after either the date on which the Merger Agreement was terminated or on which the condition relating to such appointment in the Merger Agreement was waived, in each case in respect of any liability incurred by the Indemnified Person in respect of any act or omission in the actual or purported execution and/or discharge of his duties and/or in the exercise or purported exercise of his powers as a consequence of the agreement by the Indemnified Person to become a director of the Indemnifying Company (including, without limitation, pursuant to his accepting responsibility for any listing particulars published by the Indemnifying Company) or while the Indemnified Person is or was a director of the Indemnifying Company.
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Related to AGREEMENT AS TO INSURANCE

  • Statement as to Compliance The Company will deliver to the Trustee, within 120 days after the end of each fiscal year, a brief certificate from the principal executive officer, principal financial officer or principal accounting officer as to his or her knowledge of the Company's compliance with all conditions and covenants under this Indenture. For purposes of this Section 1004, such compliance shall be determined without regard to any period of grace or requirement of notice under this Indenture.

  • Evidence of Insurance Cover All insurances obtained by the Concessionaire in accordance with this Article 32 shall be maintained with insurers on terms consistent with Good Industry Practice. Within 15 (fifteen) days of obtaining any insurance cover, the Concessionaire shall furnish to the Authority, notarised true copies of the certificate(s) of insurance, copies of insurance policies and premia payment receipts in respect of such insurance, and no such insurance shall be cancelled, modified, or allowed to expire or lapse until the expiration of at least 45 (forty five) days after notice of such proposed cancellation, modification or non-renewal has been delivered by the Concessionaire to the Authority.

  • Evidence of Insurance Receipt by the Administrative Agent of copies of insurance policies or certificates of insurance of the Loan Parties evidencing liability and casualty insurance meeting the requirements set forth in the Loan Documents, including, but not limited to, naming the Administrative Agent as additional insured (in the case of liability insurance) or loss payee (in the case of hazard insurance) on behalf of the Lenders.

  • Purchase of Insurance No Mortgagor was required to purchase any credit life, disability, accident or health insurance product as a condition of obtaining the extension of credit. No Mortgagor obtained a prepaid single-premium credit life, disability, accident or health insurance policy in connection with the origination of the Mortgage Loan. No proceeds from any Mortgage Loan were used to purchase single premium credit insurance policies as part of the origination of, or as a condition to closing, such Mortgage Loan;

  • Indemnity and Insurance 15.1 Without prejudice to any rights or remedies of the Purchaser the Supplier shall indemnify the Purchaser and the Crown against all actions, suits, claims, demands, losses, charges, costs and expenses which the Purchaser or the Crown may suffer or incur as a result of or in connection with any damage to property or in respect of any injury (whether fatal or otherwise) to any person which may result directly or indirectly from any negligent or wrongful act or omission of the Supplier. 15.2 The Purchaser shall indemnify the Supplier in respect of all claims, proceedings, actions, damages, fines, costs, expenses or other liabilities which may arise out of, or in consequence of, a breach of the Data Protection Laws where the breach is the direct result of the Supplier acting in accordance with the Purchaser’s specific written instructions. This indemnity provision shall not apply if the Supplier- (a) acts on the Purchaser’s specific written instructions but fails to notify the Purchaser in accordance with Condition 28.11(c) of this Contract; (b) fails to comply with any other obligation under the Contract. 15.3 Except in the case of loss, damage or personal injury (including death) suffered by an employee of the Supplier (in respect of which the indemnity in Condition 15.1 shall apply whether or not the loss, damage or personal injury was caused by the negligent or wilful act or omission of the Purchaser, the Crown or any servant or agent of the Crown) the indemnity contained in Condition 15.1 shall not apply to the extent that the loss, damage or injury is caused by the negligent or wilful act or omission of the Purchaser, the Crown or any servant or agent of the Crown. 15.4 The Supplier shall have in force and shall require any sub-Contractor to have in force: (a) employer’s liability insurance in accordance with any legal requirements for the time being in force, and (b) public liability insurance for such sum and range of cover as the Supplier deems to be appropriate but covering at least all matters which are the subject of indemnities or compensation obligations under these Conditions in the sum of not less than £1 million for any one incident and unlimited in total, unless otherwise agreed by the Purchaser in writing. 15.5 The policy or policies of insurance referred to in Condition 15.4 shall be shown to the Purchaser whenever the Purchaser requests, together with satisfactory evidence of payment of premiums, including the latest premium due thereunder.

  • Maintenance of Insurance Coverage Each party agrees to maintain throughout the term of this Agreement professional liability insurance coverage of the type and amount reasonably customary in its industry. Upon request, a party shall furnish the other party with pertinent information concerning the professional liability insurance coverage that it maintains. Such information shall include the identity of the insurance carrier(s), coverage levels, and deductible amounts.

  • Effect of Insurance Acceptance of the insurance required by this Agreement shall not relieve CONTRACTOR from liability under this provision. This provision shall apply to all claims for damages related to CONTRACTOR’s performance hereunder, regardless of whether any insurance is applicable or not. The insurance policy limits set forth herein shall not act as a limitation upon the amount of indemnification or defense to be provided hereunder.

  • Severability Of Insurance This insurance applies separately to each "in- sured". This condition will not increase our limit of liability for any one "occurrence".

  • No Defense to Insurance Coverage No action has been taken or failed to be taken, no event has occurred and no state of facts exists or has existed on or prior to the Purchase Date (whether or not known to Seller on or prior to such date) which has resulted or will result in an exclusion from, denial of, or defense to coverage under any private mortgage insurance (including, without limitation, any exclusions, denials or defenses which would limit or reduce the availability of the timely payment of the full amount of the loss otherwise due thereunder to the insured) whether arising out of actions, representations, errors, omissions, negligence, or fraud of Seller, the related Mortgagor or any party involved in the application for such coverage, including the appraisal, plans and specifications and other exhibits or documents submitted therewith to the insurer under such insurance policy, or for any other reason under such coverage, but not including the failure of such insurer to pay by reason of such insurer’s breach of such insurance policy or such insurer’s financial inability to pay.

  • Termination of Insurance A. Your policy will lapse if you do not pay your premium when due. B. We may cancel your policy by mailing written notice to you at your most recent address in our records. We will send you this notice ten (10) days before we cancel your policy. C. You may cancel your policy at any time by notifying us in writing. D. We will refund unearned premiums on a prorated basis if either you or we cancel your policy.

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