Collision Damage Waiver Insurance Sample Clauses

Collision Damage Waiver Insurance. 12.4.1 Notwithstanding the provisions listed in section 13.3 above, the Subscriber is permitted to purchase, in exchange for an additional fee, additional insurance coverage that waives the deductible sum (hereinafter: “Collision Damage Waiver Fee - CDW”). In the event that the Subscriber purchases the collision damage waiver insurance described in this section, the Subscriber will be exempt from paying the deductible in the event of damage and/or loss and/or breakdown of the vehicle in the event that a deductible payment is required as described in section 12.3 above. 12.4.2 The cost of the Collision Damage Waiver Insurance will be at the sole discretion of the Company as will be published from time to time. Upon signing this contract, the cost of the Collision Damage Waiver Insurance will be set forth in Appendix A of this contract and will be renewed each month unless the Subscriber asks to discontinue the accessory insurance coverage for Collision Damage Waiver Insurance. In such an instance, the CDW insurance will be cancelled for the following month for all of the drivers in that subscription and said charges will not apply to the Subscriber and all of the subscription’s drivers. It is hereby clarified that the payment for the Collision Damage Waiver Insurance applies to each driver in a given subscription when they are added to a subscription for which the drivers have purchased Collision Damage Waiver Insurance and all additional drivers will be charged for CDW Insurance. 12.4.3 The CDW insurance will not apply in the following circumstances: 12.4.3.1 In the event of any of the events detailed in section 12.5 above. For the elimination of any doubt, in the event that one of the events described in section 12.5 occurs, the Subscriber will be responsible for the full payment of any and all damage caused to the vehicle and/or the Company and/or the vehicle rental Company, whether directly or indirectly with no limit to the sum. 12.4.3.2 In the event of damage and/or loss caused to the vehicle and/or the Company and/or the vehicle rental service willfully and/or due to negligence on the part of the Subscriber. 12.4.3.3 A breach of the Subscriber’s obligations as set forth in this contract. 12.4.4 In the event that the Subscriber was involved in a motor vehicle accident for any reason, or in the event that damage was caused and/or the vehicle was lost (hereinafter: “the incident”) immediately after informing the Company regarding the occurrence of the e...
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Collision Damage Waiver Insurance in accordance with the provisions of the Principal Contract and subject to the purchase of the service by the Primary Subscriber.
Collision Damage Waiver Insurance. 12.4.1 Notwithstanding the provisions listed in section 13.3 above, the Subscriber is permitted to purchase, in exchange for an additional fee, additional insurance coverage that waives the deductible sum (hereinafter: “Collision Damage Waiver Fee - CDW”). In the event that the Subscriber purchases the collision damage waiver insurance described in this section, the Subscriber will be exempt from paying the deductible in the event of damage and/or loss and/or breakdown of the vehicle in the event that a deductible payment is required as described in section 12.3 above.
Collision Damage Waiver Insurance. 14.1.1 Notwithstanding the provisions listed in section 13.3 above, the Partnership is permitted to offer the Subscriber the opportunity, in exchange for an additional sum of money, additional insurance coverage that waives the deductible sum (“Collision Damage Waiver Fee - CDW”). In the event that the Subscriber purchases the collision damage waiver insurance described in this section, the Subscriber will be exempt from paying the deductible in the event of damage and/or loss and/or breakdown of the vehicle in the event that a deductible payment is required as described in section 13.3 above. 14.1.2 The cost of the CDW insurance is set according to the Partnership’s discretion, as will be published from time to time. 14.1.3 The CDW insurance will apply in the following circumstances: 14.1.3.1 In the event of any of the events detailed in section 14.2 above. To remove all doubt, in the event that one of the events detailed in section 14.2 occurs, the Subscriber will be responsible for the full payment of any and all damage caused to the vehicle and/or the Partnership and/or their representatives whether directly or indirectly with no limit to the sum. 14.1.3.2 In the event of damage and/or loss caused to the vehicle and/or the Partnership willfully and/or due to negligence on the part of the Subscriber. 14.1.3.3 A breach of the Subscriber’s obligations as set forth in this contract. 14.1.3.4 In the event that the Subscriber who purchased the CDW insurance was involved in a motor vehicle accident for any reason, or in the event that damage was caused and/or the vehicle was lost (“the event”) immediately after informing the Partnership regarding the occurrence of the event, the charge for the CDW insurance will stop and the Subscriber will not be permitted to be included in the CDW insurance from that day forth. Alternatively and at the sole discretion of the partner, the Partnership shall be permitted to offer Subscribers an opportunity to join a CDW insurance track in return for payment of the CDW cost at an increased rate according to the Partnership’s discretion. 14.1.3.5 The date on which the event occurred will be the date for which the decision regarding the Subscriber’s eligibility for CDW insurance is determined. 14.1.3.6 The Subscriber’s eligibility to participate in the CDW insurance program is subject to a payment to the Partnership of CDW insurance fees. 14.1.3.7 It is hereby clarified that the Partnership is not and will not be responsible for ...
Collision Damage Waiver Insurance. 14.1.1 Notwithstanding the provisions listed in section 13.3 above, the Partnership is permitted to offer the Subscriber the opportunity, in exchange for an additional sum of money, additional insurance coverage that waives the deductible sum (“Collision Damage Waiver Fee - CDW”). In the event that the Subscriber purchases the collision damage waiver insurance described in this section, the Subscriber will be exempt from paying the deductible in the event of damage and/or loss and/or breakdown of the vehicle in the event that a deductible payment is required as described in section 13.3 above. 14.1.2 The cost of the CDW insurance is set according to the Partnership’s discretion, as will be published from time to time. 14.1.3 The CDW insurance will apply in the following circumstances: 14.1.3.1 In the event of any of the events
Collision Damage Waiver Insurance. For the purposes of the Car Rental Collision Damage Waiver benefit, Insured Person means a Cardholder and any other person who holds a valid driver’s license and is listed on Your rental contract, provided said person would otherwise qualify under the rental contract and is permitted to drive the rental vehicle under the laws of the jurisdiction in which the rental vehicle shall be used. This coverage is in effect when You charge the FULL cost of the car rental to Your Account and/or pay such cost with points redeemed under the ATB Financial My Rewards Program.

Related to Collision Damage Waiver Insurance

  • Vehicle Liability Insurance $___________________ minimum required insurance policy on all owned, hired, and non-owned vehicles of the Subcontractor for combined single limit liability for each accident affecting incurring bodily injury and/or property damage.

  • Physical Damage Insurance The Servicer shall, in accordance with its customary servicing procedures, require that each Obligor shall have obtained physical damage insurance covering the Financed Equipment as of the execution of the Receivable.

  • Excess Liability Insurance $___________________ minimum required insurance policy for anything other than General Liability or Automobile coverage. ☐ - Additional Insurance Requirement: Client, Contractor, and any other entity which the Contractor is required to name as an additional insured under the Prime Contract shall be named as additional insureds under the General Liability Insurance required by this Section and any such insurance afforded to the additional insureds shall apply as primary insurance. Any other insurance maintained by the Client or Contractor shall be excess insurance and shall not be called upon to contribute to Subcontractor’s primary or excess insurance carrier’s duty to defend or indemnify unless required by law. The excess insurance required above shall also afford additional insured protection to Client and Contractor. This Section shall in no event be construed to require that additional insured insurance coverage be provided to a greater extent than permitted under the statutes or public policy governed under State law. Certificates of Insurance. Certificates of insurance, and the required additional insured and other endorsements, including waivers of subrogation shall be furnished to Contractor before the performance of any Services.

  • OWNER’S LIABILITY INSURANCE The Owner shall be responsible for purchasing and maintaining the Owner’s usual liability insurance.

  • Maintenance of Physical Damage Insurance Policies The Servicer shall, in accordance with its customary servicing procedures and underwriting standards, require that each Obligor shall have obtained physical damage insurance covering each Financed Vehicle as of the origination of the related Receivable.

  • Umbrella/Excess Liability Insurance Umbrella or Excess Liability Insurance with limits not less than Two Million Dollars ($2,000,000.00) per occurrence, which will provide additional limits for employers’ general insurance and shall cover the Board and its employees, subject to that of the primary coverage.

  • Maintenance of Liability Insurance (a) Subject to Section 4 hereof, the Company hereby agrees that so long as Indemnitee shall continue to serve as a director or officer of the Company and thereafter so long as Indemnitee shall be subject to any possible Proceeding, the Company, subject to Section 9(b), shall use reasonable commercial efforts to obtain and maintain in full force and effect directors’ and officers’ liability insurance (“D&O Insurance”) which provides Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Company’ directors, if Indemnitee is a director; or of the Company’s officers, if Indemnitee is not a director of the Company but is an officer. (b) Notwithstanding the foregoing, the Company shall have no obligation to obtain or maintain D&O Insurance if the Company determines in good faith that such insurance is not reasonably available, the premium costs for such insurance are disproportionate to the amount of coverage provided, the coverage provided by such insurance is limited by exclusions so as to provide an insufficient benefit, or the Indemnitee is covered by similar insurance maintained by a subsidiary or parent of the Company. (c) If, at the time of the receipt of a notice of a claim pursuant to Section 8 hereof, the Company has D&O Insurance in effect, the Company shall give prompt notice of the commencement of such Proceeding to the insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such Proceeding in accordance with the terms of such policies.

  • Partial Damage - Insured Loss If a Premises Partial Damage that is an Insured Loss occurs, then Lessor shall, at Lessor's expense, repair such damage (but not Lessee's Trade Fixtures or Lessee Owned Alterations and Utility Installations) as soon as reasonably possible and this Lease shall continue in full force and effect; provided, however, that Lessee shall, at Lessor's election, make the repair of any damage or destruction the total cost to repair of which is $10,000 or less, and, in such event, Lessor shall make any applicable insurance proceeds available to Lessee on a reasonable basis for that purpose. Notwithstanding the foregoing, if the required insurance was not in force or the insurance proceeds are not sufficient to effect such repair, the Insuring Party shall promptly contribute the shortage in proceeds (except as to the deductible which is Lessee's responsibility) as and when required to complete said repairs. In the event, however, such shortage was due to the fact that, by reason of the unique nature of the improvements, full replacement cost insurance coverage was not commercially reasonable and available, Lessor shall have no obligation to pay for the shortage in insurance proceeds or to fully restore the unique aspects of the Premises unless Lessee provides Lessor with the funds to cover same, or adequate assurance thereof, within ten (10) days following receipt of written notice of such shortage and request therefor. If Lessor receives said funds or adequate assurance thereof within said ten (10) day period, the party responsible for making the repairs shall complete them as soon as reasonably possible and this Lease shall remain in full force and effect. If such funds or assurance are not received, Lessor may nevertheless elect by written notice to Lessee within ten (10) days thereafter to: (i) make such restoration and repair as is commercially reasonable with Lessor paying any shortage in proceeds, in which case this Lease shall remain in full force and effect, or have this Lease terminate thirty (30) days thereafter. Lessee shall not be entitled to reimbursement of any funds contributed by Lessee to repair any such damage or destruction. Premises Partial Damage due to flood or earthquake shall be subject to Paragraph 9.3, notwithstanding that there may be some insurance coverage, but the net proceeds of any such insurance shall be made available for the repairs if made by either Party.

  • Tenant’s Liability Insurance Tenant shall, at Tenants sole cost and expense, provide comprehensive general liability insurance, fully covering and indemnifying Landlord and Landlord’s officers, directors, shareholders, partners, principals, employees, agents, representatives; and other related entities and individuals (together with, at Landlord’s election, Landlord’s lender), as additional insureds, against any and all claims arising from personal injury, death, and/or property damage occurring in or about the Premises or the Property during the period of Tenant’s possession (actual and/or constructive) at the Premises. The initial limits of such insurance shall be at least $2,000,000 combined single liability limit. Tenant shall also, at its sole cost and expense, obtain workers’ compensation insurance for the protection of its employees such as will relieve Landlord of all liability to such employees for any and all accidents that may arise on or about the Premises or the Property. All insurance required to be carried by Tenant shall be primary and noncontributory to any insurance carried by Landlord, regardless of the absence of negligence or other fault of Tenant for alleged injury, death and/or property damage. Each policy of insurance required to be carried by Tenant hereunder shall: (a) contain cross-liability and contractual liability endorsements, (b) provide that no cancellation or reduction in coverage shall be effective until thirty (30) days after written malice to Landlord and Landlord’s lender, (c) be issued by an insurer licensed in California and reasonably approved by Landlord, and (d) shall insure Tenant’s performance of the Indemnity provisions of Article 13, but the amount of such Insurance shall not limit Tenant’s liability nor relieve Tenant of any obligation hereunder. Prior to the Commencement Date, Tenant shall deliver a certificate evidencing all such insurance to Landlord. Tenant shall deliver a renewal or binder of such policy at least thirty (30) days prior to expiration thereof. Tenant shall, at Tenant’s expense, maintain such other liability insurance as Tenant deems necessary to protect Tenant. Tenant shall be in material breach of this Lease if Tenant fails to obtain the insurance required under this Section, or if Tenant obtains insurance with terms, conditions and/or exclusions that are inconsistent with the requirements and terms of this Lease.

  • Product Liability Insurance insurance against claims for bodily injury, death or Property damage resulting from the use of products sold by the Company or any of its Subsidiaries in such amounts as are then customarily maintained by responsible persons engaged in businesses similar to that of the Company and its Subsidiaries.

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