Basic Insurance. Concurrently with the recording of the Mortgage, Borrower shall, at Borrower’s sole cost and expense, deliver or cause to be delivered to Lender the Title Insurance Policy issued by the Title Company (and such reinsurers and coinsurers as Lender may require) with a liability limit of not less than the full amount of the Loan and with coverage and in form satisfactory to Lender, insuring Lender’s interest under the Mortgage as a valid first lien on the Project, together with such reinsurance or coinsurance agreements or endorsements to the Title Insurance Policy as Lender may require, which policy shall contain only the Permitted Exceptions from its coverage, and thereafter Borrower shall, at its own cost and expense, do all things necessary to maintain the Mortgage as a valid first lien on the Property. 5.2 Intentionally Omitted.
Basic Insurance. Operator will maintain or cause to be maintained in full force and effect throughout the term of this Agreement aircraft liability insurance with respect to the Aircraft, naming Lessee as an additional insured, in an amount at least equal to $300,000,000 combined single limit for bodily injury to or death of persons (including passengers) and property damage liability.
Basic Insurance. An employee who is eligible for any amount of Basic Insurance must submit a written application and provide evidence of his insurability satisfactory to the Insurance Carrier for such amount of Basic Insurance and such amount shall become effective on the later of
Basic Insurance. Concurrently with the recording of the Mortgages (or such earlier Closing Date), Borrower shall, at Borrower’s sole cost and expense, deliver or cause to be delivered to Lender the Title Insurance Policies issued by the Title Company (and such reinsurers and coinsurers as Lender may require) for each Mortgage with a liability limit of not less than the full amount of the Loan and with coverage and in form satisfactory to Lender, insuring Lender’s interest under each Mortgage as a valid first lien on the applicable Project, together with such reinsurance or coinsurance agreements or endorsements to the Title Insurance Policies as Lender may require, which policy shall contain only the Permitted Exceptions from its coverage, and thereafter Borrower shall, at its own cost and expense, do all things necessary to maintain each Mortgage as a valid first lien on the applicable Property.
Basic Insurance. 31 8. INSURANCE ................................................................................................................. 31
Basic Insurance. The Employer shall pay one hundred percent (100%)of the monthly basic life insurance plan. The basic life insurance plan shall provide: coverage equal to percent (75%) of annual salary or ten thousand dollars whichever is greater; where an employe is continuously disabled for a period exceeding six ( 6 ) months, the Employer will continue to pay monthly premiums on of the employee until the earliest of recovery, death, or the end the month in which the employee reaches age Any premiums paid by the employee this coverage between the date disability and the date this provision comes into force shall be to the employee. conversion option employees to be obtained without evidence of insurability and providing coverage up to the amount for which the employee was insured prior to termination (less the amount coverage provided by the Employer in the case of retirement). The premium such policy shall be at the current rates the insuring company. Application must be made within one (31) days of the date termination insurance. The Employer will advise terminating employees of this conversion privilege. The amount that may be converted is two thousand dollars ($2,000). The conversion options shall be: Any standard or endowment plans [without disability or double-indemnity issued by the Great-West Life Assurance A one (1) yeas term insurance plan which is convertible to the standard life plans to in above. A term to age sixty-five ( 6 5 ) insurance plan. The amount of basic insurance will be with changes in the employee's salary date of approval of the increase the effective date, whichever is later. If an employee is absent work because sickness or disability on the date an increase in insurance would have occurred, the increase will not take until employee returns to work on a full-time basis at least one Basic insurance will on the date an employee ceases to be a crown employee unless coverage is extended under the total disability provision. Employees who receive a monthly the Public Service Superannuation Fund are entitled to coverage of two thousand dollars ($2,000) not earlier than thirty-one (31) days the of the month coinciding with or following date retirement and this amount will be kept in force for the remainder the employee's life, ARTICLE SUPPLEMENTARY AND DEPENDENT LIFE INSURANCE (a) Employees, at their option, may purchase Supplementary Insurance in the amount one two ( 2 ) or three ( 3 ) times annual salary. The employee pays the full premium this co...
Basic Insurance. The shall pay one hundred percent (100%) of the monthly premium the basic life insurance plan. The basic insurance plan shall provide: annual salary ten thousand become effective after nine months Term Protection benefits, until. the earliest recovery, death, or the end in the employee age coverage between the date of disability i n t o be the option for terminating the of insurability and coverage up to amount which the employee was insured to termination current rates the insuring terminating this conversion privilege. amount that be two thousand dollars ($2,000). The conversion options shall be: disability double-indemnity benefits) issued by the Great-West Insurance Company. A one (1) year term insurance plan which is convertible to the standard life or endowment plans referred to in above. The amount of basic life insurance will be adjusted with changes in the employee's salary from the date of approval the increase or the effective date, whichever is later. If an employee is absent from work because of sickness or disability on the date an increase in insurance would have occurred, the increase not take effect until the employee returns to work on a full-time basis for at least one (1) f u l l day). Basic life insurance will terminate on the date an employee ceases to be a Crown employee unless coverage is extended under the total disability provision. Employees who retire and immediately receive an allowance under The Public Service Superannuation Act are entitled to free ongoing coverage which will reduce to: two thousand dollars ($2,000) thirty-one (31) days after the first of the month coinciding with or following the date retirement. one thousand seven hundred and fifty dollars ($1,750) on the October coinciding with or next following the employee's date of retire- ment. one thousand five hundred dollars ($1,500) on the next October and this amount will be kept in force for the remainder of the employee's life.
Basic Insurance. 3.1.1 The Property Manager, at the Tenants in Common’s expense, will obtain and keep in force adequate insurance against physical damage (such as fire with extended coverage endorsement, boiler and machinery) and against liability for loss, damage or injury to property or persons which might arise out of the occupancy, management, operation or maintenance of the Property, as contemplated by the Budget and to the extent available at commercially reasonable rates. The Property Manager shall not be required to maintain earthquake or flood insurance unless expressly directed to do so by the Lender but may do so in the Property Manager’s reasonable discretion. The Tenants in Common shall be named insured on the insurance policy and the Property Manager shall be named as additional insured with respect to liability insurance maintained on the Property.
3.1.2 The Property Manager shall advise the Tenants in Common concerning the proper insurance coverage for the Property, taking into account the insurance requirements set forth in any deed of trust or mortgage on the Property, shall furnish such information as the Tenants in Common may reasonably request to obtain insurance coverage and shall reasonably aid and cooperate with respect to such insurance and any loss thereunder. The Tenants in Common acknowledge that the Property Manager is not a licensed insurance agent or insurance expert. Accordingly, the Property Manager shall be entitled to rely on the advice of a reputable insurance broker or consultant regarding the proper insurance for the Property.
3.1.3 The Property Manager shall investigate and submit, as soon as reasonably possible, a written report to the insurance carrier and the Tenants in Common as to all accidents, claims for damage relating to the ownership, operation and maintenance of the Property, any damage to or destruction of the Property and the estimated costs of repair thereof, and prepare and file with the insurance company in a timely manner required reports in connection therewith. Notwithstanding the foregoing, the Property Manager shall not be required to give such notice to the Tenants in Common if the amount of such claims, damage or destruction, as reasonably estimated by the Property Manager, does not exceed $50,000 for any one occurrence. The Property Manager shall settle all claims against insurance companies arising out of any policies, including the execution of proofs of loss, the adjustment of losses, signing and collection ...
Basic Insurance. During the term of this Lease, LESSEE shall maintain in full force and effect the policies and insurance coverage described in Exhibit B at LESSEE’S sole cost and expense.
Basic Insurance. Concurrently with the recording of the Tranche One Projects Deeds of Trust (or such earlier Closing Date), Borrower shall, at Borrower’s sole cost and expense, deliver or cause to be delivered to Administrative Agent the Title Insurance Policies issued by the Title Company (and such reinsurers and coinsurers as Administrative Agent may require) with a liability limit of not less than the full amount of the Aggregate Commitment and with coverage and in form satisfactory to Administrative Agent, insuring Administrative Agent’s and Lender’s interest under each Deeds of Trust as a valid first liens on the applicable Project, together with such reinsurance or coinsurance agreements or endorsements to the Title Insurance Policies as Administrative Agent may require, which policy shall contain only the Permitted Exceptions from its coverage, and thereafter Borrower shall, at its own cost and expense, do all things necessary to maintain each Tranche One Project Deed of Trust as a valid first lien on the applicable Property. From and after the disbursement of the Tranche Two Holdback, Borrower shall, at its own cost and expense, do all things necessary to maintain the Tranche Two Project Deed of Trust as a valid first lien on the Tranche Two Project. From and after the disbursement of the Tranche Three Holdback, Borrower shall, at its own cost and expense, do all things necessary to maintain each Tranche Three Project Deed of Trust as a valid first lien on the applicable Property.
