Bonding/Insurance. The Service Provider shall assure that every officer, director, agent or employee who is authorized to act on behalf of the Service Provider for the purpose of receiving or depositing funds into program accounts or issuing financial documents, checks, or other instruments of payments, is adequately bonded or insured to provide against loss for the full term of this Contract.
Bonding/Insurance. On or before five (5) days prior to Closing, Buyer shall provide evidence to Seller that Buyer has arranged to have in place, to be effective at Closing and relating to the ownership of the Assets after the Closing (i) all necessary state, federal and local bonds, and (ii) upon Seller's request, insurance as is reasonable and customary in the industry for properties comparable to the Assets.
Bonding/Insurance. Donor shall, always during the term hereof, maintain such insurance coverage(s) as may be required by the City. The insurance coverage(s) required as of the Effective Date of this Agreement are attached hereto as Exhibit “C” and incorporated herein by this reference. The Donor shall add the City of Miami as an additional named insured to its commercial general liability policies and as a named certificate holder on all policies. Donor shall correct any insurance certificates as requested by the City’s Risk Management Administrator. All such insurance, including renewals, shall be subject to the approval of the City for adequacy of protection and evidence of such coverage(s) and shall be furnished to the City Risk Management Administrator on Certificates of Insurance indicating such insurance to be in force and effect and providing that the City is provided with written notice of cancellation or material change from the insurer in accordance with policy provisions. Completed Certificates of Insurance shall be filed with the City prior to the performance of services hereunder, provided, however, that Donor shall at any time upon request file duplicate copies of the policies of such insurance with the City. Xxxxx understands and agrees that all liabilities regarding the use of any of Donor’s employees or any of Donor’s contractors or subcontractors for services related to this Agreement shall be borne solely by Donor throughout the term of this Agreement and that this provision shall survive the termination of this Agreement. Xxxxx further understands and agrees that insurance for each employee of Donor and each contractor and subcontractor providing services related to this Agreement shall be maintained in good standing and approved by the City Risk Management Administrator throughout the duration of this Agreement. Donor shall be responsible for assuring that the insurance certificates required under this Agreement remain in full force and effect for the duration of this Agreement, including any extensions hereof. If insurance certificates are scheduled to expire during the term of this Agreement and any extension hereof, Donor shall be responsible for submitting new or renewed insurance certificates to the City’s Risk Management Administrator at a minimum of ten (10) calendar days in advance of such expiration. In the event that expired certificates are not replaced, with new or renewed certificates which cover the term of this Agreement and any extension ...
Bonding/Insurance. The Agent shall have received evidence reasonably satisfactory to it that (i) all bonding deemed reasonably necessary by the Agent has been established and shall remain in full force and effect during the life of the Mine on terms and conditions acceptable to Agent and (ii) Borrower shall have obtained appropriate types and amounts of insurance coverage with carriers acceptable to Agent. All such insurance coverage shall (a) contain endorsements reflecting the Agent’s status as additional insured and loss payee, (b) confirm that the Agent is the assignee of all proceeds in respect of business interruption insurance policies, (c) shall provide for 30 days notice to Agent prior to cancellation, material amendment or non-renewal and (d) contain such other agreements and information as the Agent shall reasonably require.
Bonding/Insurance. On or before five Business Days prior to Closing, Buyer shall provide evidence to Sellers that Buyer has arranged to have in place, to be effective at Closing and relating to the ownership of the Assets after the Closing (i) all necessary state, federal, tribal and local bonds and (ii) insurance as is reasonable and customary in the industry.
Bonding/Insurance. The Borrower shall promptly notify the Administrative Agent of any increase to any insurance policy or surety or completion bonds securing the mine closure, asset retirement and environmental reclamation obligations with respect to Phase II, and shall promptly provide the Administrative Agent with evidence of the same.
Bonding/Insurance. On or before Closing, Buyer shall arrange to have in place, to be effective at Closing and relating to the ownership of the Assets after the Closing (i) all necessary state and local bonds and (ii) insurance as is reasonable and customary in the industry. Upon the execution of this Agreement Seller shall have Buyer added as an additional insured to all of Seller's insurance policies applicable to the Assets.
