BLANKET INSURANCE/SELF INSURANCE Sample Clauses

BLANKET INSURANCE/SELF INSURANCE. Notwithstanding the forgoing or anything set forth in Exhibit D, all of the insurance requirements set forth herein on the part of Tenant to be observed shall be deemed satisfied if the Premises are covered by a blanket insurance policy or, for so long as Broadcom Corporation or an Affiliate thereof remains the Tenant hereunder, if Tenant sends a letter to Landlord, signed by an authorized officer of Tenant, stating that Tenant has elected to act as a self-insurer whereupon Tenant shall have the same obligations and rights, and Landlord shall have the same rights and obligations, as if Tenant was an insurance company furnishing the policies and coverages required under this Lease. Notwithstanding the foregoing, however, Tenant shall not have the right to self-insure the general liability insurance coverage required under this Lease.
Sample 1
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BLANKET INSURANCE/SELF INSURANCE. Nothing in this Article X shall prevent Tenant from obtaining insurance of the kind and in the amounts provided for under this Lease under a blanket insurance policy covering other properties as well as the Premises, provided, however, that any such policy of blanket insurance shall, as to the Premises, otherwise comply as to endorsements and coverage with the provisions of this Article. In addition, Tenant shall be permitted to provide the insurance required under this Article X and any other provision of this Lease through self-insurance provided Tenant (or Tenant’s parent corporation, so long as such parent corporation covenants to Landlord to perform such insurance obligations or cause the performance of such obligations) maintains a minimum tangible net worth of at least Twenty-Five Million Dollars (25,000,000.00).
Sample 1
BLANKET INSURANCE/SELF INSURANCE. Notwithstanding the foregoing, all of the, insurance requirements set forth herein on the part of Tenant to be observed shall be deemed satisfied if (a) the Premises are covered by a blanket insurance policy insuring other of Tenant’s facilities or (b) Tenant sends a letter to Landlord, signed by an authorized officer of Tenant, stating that Tenant has elected to act as a self insurer whereupon Tenant shall have the same obligations and rights, and Landlord shall have the same rights and obligations, as if Tenant was an insurance company furnishing the policies and coverages required under this Lease, provided, however, that if Tenant’s net worth as determined in accordance with GAAP ceases to be equal to or greater than Five Hundred Million Dollars ($500,000,000), than all of Tenant’s rights to self-insure under this Section 12 shall terminate immediately, and Tenant shall thereafter comply with all of the other provisions of this Section 12.
Sample 1
BLANKET INSURANCE/SELF INSURANCE. Tenant, but not any assignee or sublessee of Tenant, except for an assignee which is Tenant's Parent Company or Affiliate (as defined in Section 11.02A below) with a financial strength equal to or better than tenant's financial strength, shall have the option, (a) to maintain and provide or maintain any insurance required by this Lease under blanket insurance policies maintained by Tenant or (b) provide and maintain all required insurance through such alternative risk management programs as Tenant may provide from time to time (such types of alternative risk management programs being herein collectively and severally referred to as "self insurance"), provided (a) such self insurance does not thereby decrease the insurance coverage or limits set forth in paragraph A of this Section, (b) adequate reserves are maintained to cover all self-insured risks, and (c) the self insurance program complies with all applicable Laws. If Tenant elects to self insure any of the coverages required under paragraph A of this Section, then, prior to undertaking such self-insurance program, Tenant shall deliver to Landlord a written notice of such undertaking which notice shall (1) state the limits of the self-insurance program and individual coverages, (2) state the reserves maintained with respect to the self insurance, (3) be accompanied by reasonable evidence that the self insurance program complies with applicable Laws, (4) state the amount of any excess coverage insured by third parties and the identity of such third party insurers, and (5) state that Tenant affirms its obligations to Landlord to act as an insurer under the coverages required under paragraph A of this Section. Tenant expressly waives any right of recovery against Landlord to the full extent of any such self insurance program maintained by Tenant just as if Tenant had acquired such coverage from a third party insurance carrier. Each of the parties agree that the foregoing release and waiver applies to any deductibles or self-insured retentions or the like maintained by such party. In addition to the foregoing, any self insurance shall be deemed to contain all of the terms and conditions and satisfy all the requirements applicable to such insurance as required in this section of this Lease and shall be deemed to provide all coverage provided by the policies described in paragraph A of this Section, including without limitation the waiver of subrogation contained in Section 7.05 below and the waiver of subro...
Sample 1
BLANKET INSURANCE/SELF INSURANCE. Notwithstanding the foregoing, all of the insurance requirements set forth herein on the part of Tenant to be observed shall be deemed satisfied if the Premises are covered by a blanket insurance policy insuring all or most of Tenant’s facilities in Connecticut, so long as such blanket policies provide for a minimum coverages applicable to the Premises and otherwise comply with all other requirements of this Article X. In addition, Tenant shall have the right to self-insure the risks set forth in Section 10.3 above, so long as the net worth of Tenant (combined with that of Lease Guarantor) exceeds One Hundred Million Dollars ($100,000,000.00), and the Mortgagee has consented thereto (without conditioning such consent by requiring that Landlord carry such insurance).
Sample 1

Related to BLANKET INSURANCE/SELF INSURANCE

  • Self-Insurance Notwithstanding the foregoing, each Interconnected Entity may self-insure to meet the minimum insurance requirements of this Section 13 of this Appendix 2 to the extent it maintains a self- insurance program, provided that such Interconnected Entity’s senior secured debt is rated at investment grade or better by Standard & Poor’s and its self-insurance program meets the minimum insurance requirements of this Section 13. For any period of time that an Interconnected Entity’s senior secured debt is unrated by Standard & Poor’s or is rated at less than investment grade by Standard & Poor’s, such Party shall comply with the insurance requirements applicable to it under this Section 13. In the event that an Interconnected Entity is permitted to self-insure pursuant to this section, it shall notify the other Interconnection Parties that it meets the requirements to self-insure and that its self-insurance program meets the minimum insurance requirements in a manner consistent with that specified in Section 13.5 of this Appendix 2.

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Fire Insurance The LESSEE shall not permit any use of the leased premises which will make voidable any insurance on the property of which the leased premises are a part, or on the contents of said property or which shall be contrary to any law or regulation from time to time established by the New England Fire Insurance Rating Association, or any similar body succeeding to its powers. The LESSEE shall on demand reimburse the LESSOR, and all other tenants, all extra insurance premiums caused by the LESSEE's use of the premises.

  • Umbrella Insurance During the term of this Contract, Supplier will maintain umbrella coverage over Employer’s Liability, Commercial General Liability, and Commercial Automobile. Minimum Limits: $2,000,000

  • Deductibles and Self-Insurance Retentions Any deductibles or self-insured retentions must be declared to and approved by the City. The City may require the Consultant to provide proof of ability to pay losses and related investigation, claims administration and defense expenses within the deductible or self-insured retention. The deductible or self-insured retention may be satisfied by either the named insured or the City.

  • Group Insurance The Employer will continue to participate with employees in the provision of group life and medical plans as exist at the coming into force of this Agreement unless amended by mutual consent. The Employer agrees to pay 65% of the total premium cost for all employees covered by the health and dental care plans attached hereto and forming part of this Agreement.

  • Trauma Insurance All employees will be covered by an Incolink administered lump sum insurance policy providing financial compensation in the event of a major work related (ie. WorkCover) accident resulting in death or permanent total disablement. The full and precise conditions of this cover will be in accordance with the terms of the policy, but in general will provide that, in the event of a workplace accident occurring which results in either the death or total permanent disablement of a worker covered by this Agreement, a lump sum payment as specified below will made. The defined payments are: With dependants $250,000 Without dependants $150,000 This benefit has been agreed to by the company on the grounds that premium costs have been set at $7 per week/worker and will not exceed that amount. In the event of insurance costs rising, it is agreed that the table of defined benefits will be reduced so as to maintain the $7 premium figure. To maintain this cover the company agrees to pay the amounts every week for each employee.

  • FDIC Insurance For any deposit accounts you open, the FDIC requires Bank to disclose, and you hereby acknowledge, that deposits held by Evolve Bank & Trust are insured up to $250,000 federal deposit insurance limit, per depositor for each ownership category.

  • Tail Insurance The Company shall have provided Parent with evidence reasonably satisfactory to Parent of the purchase of the D&O Tail Policy in accordance with Section 4.9.

  • Required Insurance Coverages The Contractor also agrees to purchase insurance and have the authorized agent state on the insurance certificate that the Contractor has purchased the following types of insurance coverages, consistent with the policies and requirements of O.C.G.A. §50-21-37. The minimum required coverages and liability limits are as follows:

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