CO-INSURANCE CLAUSE Sample Clauses

CO-INSURANCE CLAUSE. It is hereby declared and agreed that in respect of any claim for loss, damage or liability under Section 2 of this Insurance, the Insured shall contribute an amount equivalent to 10% of each and every claim, such contribution always to be not less than the “excess” in the Exclusions to Section 2 and the Schedule of this Insurance. The expression “claim” shall mean any claim or series of claims arising out of one event and includes all costs and expenses howsoever incurred by the Company.
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CO-INSURANCE CLAUSE. The Insured shall maintain insurance concurrent in form, range, and wording with this insurance to the extent of at least the percentage stated in the Declarations of the annual “gross rent and rental value” herein defined of the described building(s) and, failing to do so, the Insured shall only be entitled to recover that portion of any loss that the amount of insurance in force at the time of loss bears to the amount of insurance required to be maintained by this clause.
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CO-INSURANCE CLAUSE. The Insurer shall not be liable, in the event of loss, for a greater proportion thereof than the amount hereby insured bears to the percentage of the "gross earnings" as stated in the Declarations that would have been earned (had no loss occurred) during the twelve months immediately following the date of damage to or destruction of the described property.
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CO-INSURANCE CLAUSE. In the event of loss hereunder, the Insurer shall not be liable for a greater proportion thereof than the amount insured hereby bears to the co-insurance percentage specified in the Declarations Page(s) of the Gross Earnings" that would have been earned (had no loss occurred) during the twelve (12) months immediately following the date of damage to or destruction of the property insured hereby.
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CO-INSURANCE CLAUSE. It is part of the consideration of this policy and the basis upon which the rate of premium is fixed, that the insured shall maintain insurance concurrent in form with this policy on each and every animal hereby insured, to the extent of at least 80% of the actual cash value of each and in that capacity shall bear his/her or their proportion of any loss that may occur.
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CO-INSURANCE CLAUSE. This clause applies separately to each location or division of the property insured and only where the total loss exceeds the lesser of 5% of the applicable limit of liability or $10,000. The Insured agrees to maintain insurance concurrent with this PART on the insured property to the extent of at least the amount produced by multiplying the Replacement Cost value of the property by the co-insurance percentage set out on the Declaration Pages. If the Insured fails to do so, recovery under this PART will be restricted to that portion of any loss that the amount of insurance in force at the time of loss bears to the amount of insurance required to be maintained by this clause.
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CO-INSURANCE CLAUSE. The Insurer shall be liable in the event of loss hereunder for no greater proportion thereof than the amount insured by this form bears to an amount equal to 80% co-insurance percentage applied to the actual cash value of the property insured hereunder at the time and place such loss or damage shall occur.
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CO-INSURANCE CLAUSE applicable to Subdivisions B and C If at the time the loss occurs there are a greater number of “customers’ automobiles” than the Maximum Number of Customers’ Automobiles stated on the Policy Cover Page, the Insurer shall not be liable for a greater proportion of the amount for which it otherwise would be liable than the Maximum Number of Customers’ Automobiles bears to the total number of “customers’ automobiles” at the time the loss occurs. See also General Provisions, Definitions and Exclusions.
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CO-INSURANCE CLAUSE. The insurance provided under Subdivisions B and C is subject to the condition that the Insured shall at all times maintain a limit of liability equivalent to at least 80% of the actual cash value of all “automobiles” hereby insured, and failing to do so the Insurer shall not be liable for a greater proportion of any loss than the limit of liability bears to 80% of the actual cash value of all “automobiles” insured at the time of loss or damage.
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Related to CO-INSURANCE CLAUSE

  • ADDITIONAL INSURED ENDORSEMENT AND PRIMARY AND NON-CONTRIBUTORY INSURANCE CLAUSE Supplier agrees to list Sourcewell and its Participating Entities, including their officers, agents, and employees, as an additional insured under the Supplier’s commercial general liability insurance policy with respect to liability arising out of activities, “operations,” or “work” performed by or on behalf of Supplier, and products and completed operations of Supplier. The policy provision(s) or endorsement(s) must further provide that coverage is primary and not excess over or contributory with any other valid, applicable, and collectible insurance or self-insurance in force for the additional insureds.

  • All insurance policies (with the exception of workers’ compensation, employer’s liability and professional liability) will be endorsed and name the Board of Regents of The University of Texas System, The University of Texas System and University as Additional Insureds for liability caused in whole or in part by Contractor’s acts or omissions with respect to its on-going and completed operations up to the actual liability limits of the required insurance policies maintained by Contractor. Commercial General Liability Additional Insured endorsement including ongoing and completed operations coverage will be submitted with the Certificates of Insurance. Commercial General Liability and Business Auto Liability will be endorsed to provide primary and non-contributory coverage.

  • Insurance Claims The Supplier shall promptly notify to insurers any matter arising from, or in relation to, the Goods and/or Services and/or this Framework Agreement for which it may be entitled to claim under any of the Insurances. In the event that the Authority receives a claim relating to or arising out of the Goods and/or Services or this Framework Agreement, the Supplier shall co-operate with the Authority and assist it in dealing with such claims including without limitation providing information and documentation in a timely manner. Except where the Authority is the claimant party, the Supplier shall give the Authority notice within twenty (20) Working Days after any insurance claim in excess of £30,000 relating to or arising out of the provision of the Goods and/or Services or this Framework Agreement on any of the Insurances or which, but for the application of the applicable policy excess, would be made on any of the Insurances and (if required by the Authority) full details of the incident giving rise to the claim. Where any Insurance requires payment of a premium, the Supplier shall be liable for and shall promptly pay such premium. Where any Insurance is subject to an excess or deductible below which the indemnity from insurers is excluded, the Supplier shall be liable for such excess or deductible. The Supplier shall not be entitled to recover from the Authority any sum paid by way of excess or deductible under the Insurances whether under the terms of this Framework Agreement or otherwise.  ANNEX 1: REQUIRED INSURANCES PART A: THIRD PARTY PUBLIC & PRODUCTS LIABILITY INSURANCE INSURED The Supplier INTEREST To indemnify the Insured in respect of all sums which the Insured shall become legally liable to pay as damages, including claimant's costs and expenses, in respect of accidental: death or bodily injury to or sickness, illness or disease contracted by any person; loss of or damage to property; happening during the period of insurance (as specified in Paragraph 5 of this Annex 1 to this Schedule 14) and arising out of or in connection with the provision of the Goods and/or Services and in connection with this Framework Agreement. LIMIT OF INDEMNITY Not less than £10,000,000 in respect of any one occurrence, the number of occurrences being unlimited, but £10,000,000 in any one occurrence and in the aggregate per annum in respect of products and pollution liability. TERRITORIAL LIMITS United Kingdom

  • Insurance Policy The Employer agrees to remit to the Union an amount to be applied toward the payment of a premium by the Union for an insurance policy which provides a defense attorney to represent all members of the bargaining unit when they are charged with a criminal act that results from events occurring while the bargaining unit member was acting in an official capacity. The maximum amount payable during the term of the Agreement shall be seven dollars ($7.00) per member per month.

  • Insurance Carriers All PSP’s insurance shall be issued by insurance carriers authorized to do business in Texas at the time the policy is issued (and at all times during the term of this Agreement) and rated by A.M. Best Company as A-VII or better, confirmed by one or more insurance certificates conforming to the following requirements:

  • INDUSTRIAL INSURANCE COVERAGE The Contractor shall comply with the provisions of Title 51 RCW, Industrial Insurance. If the Contractor fails to provide industrial insurance coverage or fails to pay premiums or penalties on behalf of its employees, as may be required by law, Agency may collect from the Contractor the full amount payable to the Industrial Insurance accident fund. The Agency may deduct the amount owed by the Contractor to the accident fund from the amount payable to the Contractor by the Agency under this contract, and transmit the deducted amount to the Department of Labor and Industries, (L&I) Division of Insurance Services. This provision does not waive any of L&I’s rights to collect from the Contractor.

  • Group Insurance 38.01 The Group Insurance Plan presently in effect shall remain in effect during the term of this Agreement.

  • Insurance Policies Insurance required herein shall be by companies duly licensed or admitted to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, as set forth in the most current issue of "Best's Insurance Guide", or such other rating as may be required by a Lender. Lessee shall not do or permit to be done anything which invalidates the required insurance policies. Lessee shall, prior to the Start Date, deliver to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of the required insurance. No such policy shall be cancelable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. Such policies shall be for a term of at least one year, or the length of the remaining term of this Lease, whichever is less. If either Party shall fail to procure and maintain the insurance required to be carried by it, the other Party may, but shall not be required to, procure and maintain the same.

  • Application of Insurance Proceeds Grantor shall promptly notify Lender of any loss or damage to the Collateral. Lender may make proof of loss if Grantor fails to do so within fifteen (15) days of the casualty. All proceeds of any insurance on the Collateral, including accrued proceeds thereon, shall be held by Lender as part of the Collateral. If Lender consents to repair or replacement of the damaged or destroyed Collateral, Lender shall, upon satisfactory proof of expenditure, pay or reimburse Grantor from the proceeds for the reasonable cost of repair or restoration. If Lender does not consent to repair or replacement of the Collateral, Lender shall retain a sufficient amount of the proceeds to pay all of the Indebtedness, and shall pay the balance to Grantor. Any proceeds which have not been disbursed within six (6) months after their receipt and which Grantor has not committed to the repair or restoration of the Collateral shall be used to prepay the Indebtedness.

  • 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.

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