Common use of Catalent Clause in Contracts

Catalent. Catalent shall, at its own cost and expense, obtain and maintain in full force and effect the following insurance during the term of this Agreement: (A) Commercial General Liability insurance with a per-occurrence limit of not less than […***…]; (B) Products and Completed Operations Liability Insurance with per-occurrence limit of not less than […***…]; (C) Workers’ Compensation and Employer’s Liability Insurance with statutory limits for Workers’ Compensation and Employer’s Liability insurance limits of not less than […***…] per accident; and (D) Professional Services Errors & Omissions Liability Insurance with per claim and aggregate limits of not less than […***…]. The parties hereby acknowledge and agree that Catalent may self-insure all or any portion of the above-required insurance. In the event that any of the required policies of insurance are written on a claims made basis, then such policies shall be maintained during the entire term of this Agreement and for a period of not less than […***…] years following the termination or expiration of this Agreement. Catalent shall obtain a waiver from any insurance carrier with whom Catalent carries Workers’ Compensation insurance releasing its subrogation rights against Client. Catalent shall furnish to Customer a certificate of insurance or other evidence of the required insurance and additional insured status as soon as practicable after the Effective Date and within […***…] days after renewal of such policies, and such certificate shall provide that the insurer will give Client at least […***…] days’ written notice of any material change in or cancellation of such insurance. Each insurance policy which is required under this Agreement, other 18 ***Confidential Treatment Requested than self-insurance, shall be obtained from an insurance carrier with an A.M. Best rating of at least A- VII.

Catalent. Catalent shall, at its own cost and expense, obtain and maintain in full force and effect the following insurance during the term of this Agreement: (A) Commercial General Liability insurance with a per-occurrence limit of not less than […***…]; (B) Products and Completed Operations Liability Insurance with per-occurrence limit of not less than […***…]; (C) Workers’ Compensation and Employer’s Liability Insurance with statutory limits for Workers’ Compensation and Employer’s Liability insurance limits of not less than […***…] per accident; and (D) Professional Services Errors & Omissions Liability Insurance with per claim and aggregate limits of not less than […***…]. The parties hereby acknowledge and agree that Catalent may self-insure all or any portion of the above-required insurance. In the event that any of the required policies of insurance are written on a claims made basis, then such policies shall be maintained during the entire term of this Agreement and for a period of not less than […***…] years following the termination or expiration of this Agreement. Catalent shall obtain a waiver from any insurance carrier with whom Catalent carries Workers’ Compensation insurance releasing its subrogation rights against Client. Catalent shall furnish to Customer a certificate of insurance or other evidence of the required insurance and additional insured status as soon as practicable after the Effective Date and within […***…] days after renewal of such policies, and such certificate shall provide that the insurer will give Client at least […***…] days’ written notice of any material change in or cancellation of such insurance. Each insurance policy which is required under this Agreement, other 18 ***Confidential Treatment Requested than self-insurance, shall be obtained from an insurance carrier with an A.M. Best rating of at least A- VII.

Catalent. Catalent shall, at its own cost and expense, obtain and maintain in full force and effect the following insurance during A. During the term of this Agreement, Catalent shall obtain and maintain the following insurance with limits not less than those specified below: (Ai) Commercial General Liability insurance with a per-occurrence limit of not less than […***…] Dollars ($[***];) per occurrence. (Bii) Products and Completed Operations Liability Insurance insurance with per-occurrence a limit of not less than […***…] Dollars ($[***];) per occurrence. (Ciii) Workers’ Worker’s Compensation and Employer’s Employers Liability Insurance with statutory limits for Workers’ Compensation and Employer’s Employers’ Liability insurance limits of not less than […***…] Dollars ($[***]) per accident; and. (Div) Professional Services Errors & Omissions Liability Insurance insurance with per claim and aggregate limits a limit of not less than […***…] Dollar ($[***]. The parties hereby acknowledge and agree that ) per claim. B. Catalent may self-insure all any or any a portion of the above-required insurance. In the event that any of the required policies of insurance are written on a claims made basis, then such policies shall be maintained during the entire term of this Agreement and for a period of not less than […***…] years following the termination or expiration of this Agreement. . C. Catalent shall waive subrogation rights against Moksha8 for workers’ compensation benefits and shall obtain a waiver from any insurance carrier carriers with whom which Catalent carries Workersworkers’ Compensation compensation insurance releasing its their subrogation rights against ClientMoksha8. Catalent shall not seek reimbursement for any property claim, or portion thereof, which is not fully recovered from Catalent’s Property insurance. [***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. D. Moksha8 and its Affiliates shall be [***] under the Commercial General Liability and Products and Completed Operations Liability insurance policies with respect to [***] provided under this Agreement. Such [***] shall end upon the termination or expiration of this Agreement unless the policies are written on a claims made basis when such [***] will continue for the period of time Catalent is required to [***]. E. Catalent shall furnish to Customer a certificate certificates of insurance or other evidence of to Moksha8 evidencing the required insurance and additional insured status [***] as soon as practicable after the Effective Date and within […***…] days after renewal of such policies, and such certificate . Such certificates shall state that Catalent’s insurers will endeavor to provide that the insurer will give Client at least […***…] days’ written notice of any material change in or cancellation of such insuranceprior to the policy(ies) expiration date(s). Each insurance policy which that is required under this Agreement, other 18 ***Confidential Treatment Requested than self-insurance, Section shall be obtained from an insurance carrier with an A.M. Best rating of at least A- VII[***].