Buyer Insurance. Buyer shall maintain the following insurance during the Term:
Buyer Insurance. Buyer is required to obtain and maintain appropriate insurance policies, on its own, or with assistance of Seller, in the nature and amounts as follows:
Buyer Insurance. Buyer represents and warrants that it shall maintain the following insurance coverage, comprehensive airline liability, aircraft third party, war risk and allied perils, property damage, passenger, baggage, and cargo and airline general third party (including aircraft liability, product liability, and completed operations) insurance, and comprehensive all risk liability insurance in amounts and on terms comparable to policies carried by similarly situated companies covering the Aircraft. Such insurance policy shall name Seller and of each Seller Indemnitee as an additional insured on any liability policies covering the Aircraft for a period of two years after the Delivery Date (it being understood that the preceding shall not apply to any hull insurance). Buyer will cause its insurers to ensure that the insurance required under this Section 8 will continue in force for the benefit of any Insured Party for at least 30 days after written notice to Seller, except that with respect to war risk and allied perils coverage, seven days' prior written notice may be given if it is impossible to give 30 days' prior written notice. Buyer will cause its insurers to immediately notify Seller in the event of any cancellation of (or prospective cancellation) or any material change (or prospective material change) in the coverage required under this Section 8. Seller will bear no liability for premium charges for any of the coverage required of Buyer under this Section 8.
Buyer Insurance. The Buyer Entities shall cause to be put in place as of the Closing Date insurance policies covering the Acquired Entities with coverage amounts and containing terms and conditions that are sufficient to meet the obligations of the Acquired Entities under their respective partnership agreements and loan agreements.
Buyer Insurance. Promptly following the Closing, Buyer shall obtain and, for a period of six years from and after the Closing Date, Buyer shall maintain, product liability insurance coverage with respect to the Product, from a financially sound and reputable insurance company or companies, that is customary in scope and amount of coverage. Upon a Seller Party’s written request, Buyer shall promptly provide such Seller Party with a copy of the insurance policy or policies providing for such coverage.
Buyer Insurance. Buyer has obtained (i) commercial general liability insurance (including a product liability coverage feature), (ii) property insurance and (iii) umbrella coverage related to the Business and the Assets. The policy limits of each of these coverages is $2,000,000.00, $15,000,000.00 and $10,000,000.00, respectively. Seller is named as an additional insured in each such policy. Such policies specifically cover activities of Buyer or its Affiliates related to the transition of the Business and specifically cover such activities that occur on the property of Seller or its Affiliates.
Buyer Insurance. On the Closing Date and the second and third anniversary thereafter, Sellers shall reimburse Buyer an annual amount in cash equal to the lesser of (x) $650,000 and (y) 50% of the annual premiums for the following year for the $100,000,000 of product liability insurance required pursuant to the terms of the Rxxxxx Assignment and Assumption Agreement. From the date of this Agreement until the date of termination of Sellers’ reimbursement obligations pursuant to this Section 10.15, Buyer shall use commercially reasonable efforts to (i) negotiate with the Rxxxxx Parties (as defined in the Rxxxxx Assignment and Assumption Agreement) to reduce such insurance coverage required by the Rxxxxx Assignment and Assumption Agreement and (ii) negotiate with the insurance carrier selected by Buyer and alternate insurance carriers to reduce premiums required for such coverage.
Buyer Insurance. (i) CBIZ shall provide, without interruption, the same insurance coverage for the CBIZ MCC Business Unit as it does for other Accounting, Tax & Advisory Services business units among the Affiliated Companies of a similar size and business scope to the CBIZ MCC Business Unit and shall include all professional employees of the CBIZ MCC Business Unit under CBIZ’s existing or subsequently obtained professional liability policies for all acts and omissions relating to services provided by professional employees of the CBIZ MCC Business Unit on or after the Effective Date. Schedule 5.3(j) contains a complete and accurate list of all insurance policies and all insurance coverages used by CBIZ and the Buyer in its business, including, without limitation, professional liability insurance either owned by or [**] denotes confidential treatment has been requested for the bracketed portion. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. Confidential Treatment maintained (without interruption) for the benefit of CBIZ and Buyer as of October 31, 2008. The insurance coverage referred to in this Section 5.3(j) is hereinafter referred to as the “Buyer Insurance.” True copies of all such policies have been provided to the Sellers.
Buyer Insurance. The Buyer Insurance coverage shall be in existence, without interruption, and shall be in full force and effect.
Buyer Insurance. XXXXXXX will maintain, at its sole cost, reasonable insurance against liability and other risks associated with its activities contemplated by this Agreement, including but not limited to commercial general liability and product liability consistent with the normal and customary practices of companies of similar size, nature and scope.
