Claims Made Insurance. If any liability insurance specified above, other than Railroad Protective Liability insurance, is written on a claims-made basis, then in addition to the coverage requirements above, such policy shall provide that:
(a) The retroactive date shall coincide with or precede Contractor's start of work (including renewal policies or replacement policies).
(b) The policy shall allow for the reporting of circumstances or incidents that might give rise to future claims. In addition, if any liability insurance specified above, other than Railroad Protective Liability insurance, is written on a claims-made basis, Contractor shall use its best efforts to maintain for at least 6 years following completion and acceptance of the Project, the insurance covering liability resulting from the Work or the obligations assumed in the Contract, with endorsements naming Owner as an additional insured and continuing the waiver of subrogation against Owner. Further, if such insurance is canceled for any reason, Contractor shall purchase an extended reporting provision that shall continue for at least six years after completion and acceptance of the Project to report claims arising from Work performed in connection with the Contract.
Claims Made Insurance. Insurance written on a “claims made” basis is to be renewed by the Program Facility for a period of three (3) years following termination of this Agreement. Such insurance must have the same coverage and limits as the policy that was in effect during the term of this agreement and will cover the Program Facility for all claims made.
Claims Made Insurance. If the insurance required hereunder is procured on a form affording “claims-made” coverage, then (i) all limits stated above as “per occurrence” shall be understood to mean “per claim” or “per occurrence,” as is consistent with the terms of the “claims-made” policy; and, (ii) such claims-made insurance shall not provide for a retroactive date later than the commencement of Contractor’s performance hereunder.
Claims Made Insurance. If any liability insurance specified above shall be provided on a claims-made basis then, in addition to coverage requirements above, such policy shall provide that:
a. The retroactive date shall coincide with or precede Developer’s start of Operations (including subsequent policies purchased as renewals or replacements);
b. The policy shall allow for the reporting of circumstances or incidents that might give rise to future claims;
c. Developer will maintain similar insurance under the same terms and conditions that describe each type of policy listed above (e.g., Professional Liability, Pollution Legal Liability) for at least three (3) years following completion of the Operations; and
d. If insurance is terminated for any reason, Developer will purchase an extended reporting provision of at least six (6) years to report claims arising from Operations.
Claims Made Insurance. Prior to the Closing, Seller and the Company will cooperate with Buyer in all reasonable respects in Buyer’s attempts to purchase, at Buyer’s expense and having terms and conditions reasonably acceptable to Buyer, a tail policy in the Company’s name for each of the insurance policies identified on Schedule 6.3(a), with the cost of the premiums for such policies to be split evenly between Seller and Buyer, except that Seller’s portion of such cost of such premiums will not exceed $75,000.
Claims Made Insurance. If any liability insurance specified above shall be provided on a claims-made basis then, in addition to coverage requirements above, such policy shall provide that:
a. The retroactive date shall coincide with or precede the Village’s start of Operations (including subsequent policies purchased as renewals or replacements);
b. The policy shall allow for the reporting of circumstances or incidents that might give rise to future claims;
c. The Village will maintain similar insurance under the same terms and conditions that describe each type of policy listed above (e.g., Professional Liability, Pollution Legal Liability) for at least three (3) years following completion of the Operations; and
d. If insurance is terminated for any reason, the Village will purchase an extended reporting provision of at least six (6) years to report claims arising from Operations.
Claims Made Insurance. If the Professional Liability coverage is “claims made’, Tenant must, for a period of eighteen (18) months after the construction completion date, maintain insurance with a retroactive date that is on or before the construction start date OR purchase an extended reporting endorsement (tail coverage).
Claims Made Insurance. For a period following six (6) years following the Closing, the Mosaic Entities shall maintain the existing insurance policies identified on Section 7.16 of the Mosaic Disclosure Schedules, with the Subject Companies continuing to be insureds (or additional insureds) under such policies; provided, that the Mosaic Entities may at any time obtain an extended reporting period tail insurance endorsement for such insurance policies for the balance of such six (6) year period.
Claims Made Insurance. At or prior to the Closing, the Company shall purchase tail insurance for each policy set forth on Section 6.6 of the Disclosure Schedule, on the terms set forth in such Schedule. Buyer shall, and shall cause the Company to, (i) upon the request of the Member Representative, make any claim for coverage under any such policy and take any action reasonably requested by the Member Representative to obtain reimbursement for covered losses under any such policy or to otherwise enforce any such policy or any provision thereof, (ii) promptly inform the Member Representative of any communication received by Buyer or the Company from, or given by Buyer or the Company to, any Person issuing any such insurance policy, (iii) permit the Member Representative to review any written communication from any such insurance provider and permit the Member Representative to review, before submission, any written communication to such insurance provider, (iv) consult with the Member Representative in advance of any meeting or conference with such insurance provider and, to the extent permitted by such insurance provider, give the Member Representative the opportunity to attend and participate, (v) upon the Member Representative’s request, promptly furnish to the Member Representative certificates of insurance evidencing such policy and (vi) not agree to settle or compromise any claim under such policy without the Member Representative’s prior written consent.
Claims Made Insurance. If the insurance required under this Section is procured on a form affording “claims-made” coverage, then (i) all limits stated above as “per occurrence” shall be understood to mean “per claim” or “per occurrence,” as is consistent with the terms of the “claims-made” policy; and, (ii) such claims- made insurance shall not provide for a retroactive date later than the commencement of the contractor’s performance under this Agreement. All insurance as required by this section shall be primary to any other insurance coverage purchased and shall be issued by an insurer authorized to do business in the State of Texas having an A. M. Best’s Rating of not less than “A- VII.”
