Common use of Approved Companies Clause in Contracts

Approved Companies. All such insurance shall be procured with reputable insurance companies and in such form as is usual and customary to Supplier’s business. With the exception of any wholly owned captive, such insurance companies shall maintain a rating at least “A-” and be at least a Financial Size Category VIII as both criteria are defined in the most current publication of Best’s Policyholder Guide.

Appears in 2 contracts

Samples: Master Professional Services Agreement (Mondelez International, Inc.), Master Professional Services Agreement (Mondelez International, Inc.)

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Approved Companies. All such insurance shall be procured with reputable insurance companies and in such form as is usual and customary to Supplier’s business. With the exception of any wholly owned captive, such Such insurance companies shall maintain a rating at least “A-” and be at least a Financial Size Category VIII as both criteria are defined in the most current publication of Best’s Policyholder Guide.

Appears in 1 contract

Samples: Master Professional Services Agreement (Kraft Foods Inc)

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Approved Companies. All such insurance shall be procured with reputable insurance companies and in such form as is usual and customary to SupplierService Provider’s business. With the exception of any wholly owned captive, such Such insurance companies shall maintain a rating at least “A-” and be at least a Financial Size Category VIII as both criteria are defined in the most current publication of Best’s Policyholder Guide.

Appears in 1 contract

Samples: Professional Services Agreement (Allegheny Energy, Inc)

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