Common use of Automobile Liability Insurance for Bodily Injury and Property Damage Clause in Contracts

Automobile Liability Insurance for Bodily Injury and Property Damage. insurance against liability for bodily injury and property damage in respect of all vehicles (whether owned, hired or rented by the Company or any of its Subsidiaries) at any time located at, or used in connection with, its Properties or operations in such amounts as are then customary for vehicles used in connection with similar Properties and businesses, but in any event to the extent required by applicable law.

Appears in 5 contracts

Samples: Security Agreement (Kash N Karry Food Stores Inc), Credit Agreement (Cornell Corrections Inc), Credit Agreement (Triarc Companies Inc)

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Automobile Liability Insurance for Bodily Injury and Property Damage. insurance against liability for bodily injury and property damage in respect of all vehicles (whether owned, hired or rented by the Company or any of its Subsidiaries) at any time located at, or used in connection with, its Properties properties or operations in such amounts as are then customary for vehicles used in connection with similar Properties properties and businesses, but in any event to the extent required by applicable law.

Appears in 1 contract

Samples: Subsidiary Guaranty Agreement (Cornell Corrections Inc)

Automobile Liability Insurance for Bodily Injury and Property Damage. insurance against liability for bodily injury and property Property damage in respect of all vehicles (whether owned, hired or rented by the Company Parent, Holdings or any of its Subsidiaries) at any time located at, or used in connection with, its Properties or operations in such amounts as are then customary for vehicles used in connection with similar Properties and businesses, but in any event to the extent required by applicable lawlaw (subject to deductibles not exceeding $1,000,000 or such higher deductibles or shall be reasonably satisfactory to the Administrative Agent).

Appears in 1 contract

Samples: Credit Agreement (Six Flags Inc)

Automobile Liability Insurance for Bodily Injury and Property Damage. insurance against liability for bodily injury and property Property damage in respect of all vehicles (whether owned, hired or rented by the Company Parent, Holdings or any of its Subsidiaries) at any time located at, or used in connection with, its Properties or operations in such amounts as are then customary for vehicles used in connection with similar Properties and businesses, but in any event to the extent required by applicable lawlaw (subject to deductibles not exceeding $300,000 or such higher deductibles or shall be reasonably satisfactory to the Administrative Agent).

Appears in 1 contract

Samples: Credit Agreement (Premier Parks Inc)

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Automobile Liability Insurance for Bodily Injury and Property Damage. insurance against liability for bodily injury and property damage in respect of all vehicles (whether owned, hired or rented by the Company Parent or any of its Subsidiaries) at any time located at, or used in connection with, its Properties or operations in such amounts as are then customary for vehicles used in connection with similar Properties and businesses, but in any event to the extent required by applicable law.

Appears in 1 contract

Samples: Credit Agreement (Commonwealth Aluminum Corp)

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