Common use of Basic Understandings Regarding Insurance Clause in Contracts

Basic Understandings Regarding Insurance. LRC represents, acknowledges and agrees that: The insurance coverages required herein represent minimum requirements of BNPPLC and other Interested Parties and are not to be construed to void or limit LRC’s indemnities or other agreements in the Agreement to which this Annex is attached or in any other Operative Document, nor do the coverages required herein represent in any manner a determination of the insurance coverages LRC should or should not maintain for its own protection.