Company Insurance. Subject to Section 7.3, the Company will obtain and maintain a policy or policies of insurance with one or more reputable insurance companies providing Indemnitee with coverage in such amount as will be determined by the Board of Directors for Losses and Expenses paid or incurred by Indemnitee as a result of acts or omissions of Indemnitee in his Corporate Status, and to ensure the Company’s performance of its indemnification obligations under this Agreement; provided, however, in all policies of director and officer liability insurance obtained by the Company, Indemnitee will be named as an insured party in such manner as to provide Indemnitee with the same rights and benefits as are afforded to the most favorably insured directors or officers, as applicable, of the Company under such policies. Any reductions to the amount of director and officer liability insurance coverage maintained by the Company as of the date hereof will be subject to the approval of the Board of Directors.
Company Insurance. During the Term, the Company will maintain or cause to be maintained at all times, with financially responsible insurers approved to do business in the state in which the Leased Property is located (i) commercial general liability insurance (which includes contractual liability coverage for written contracts) insuring against loss or liability caused by Company’s occupation and use of the Leased Property under this Lease, in an amount not less than $1,000,000 each occurrence and $2,000,000 annual aggregate, with a commercially reasonable deductible; (ii) automobile liability insurance insuring against loss or liability arising from the Company’s use of all owned (if any), non-owned and hired automobiles that are used on the Leased Property, in an amount not less than $1,000,000.00 combined single limit per occurrence, with a commercially reasonable deductible; (iii) if Company has any employees then Company shall maintain worker’s compensation insurance in an amount not less than the statutory limits; and (iv) if Company has any employees, employer’s liability insurance in an amount not less than $1,000,000.00 with a commercially reasonable deductible; and (v) an Umbrella liability coverage at least as broad as and in excess of the underlying coverages required in items (i), (ii) and (iv) of this Section 13.3 and in an amount of not less than $5,000,000.00 each occurrence and in the aggregate. Company shall cause Landowner to be named as an additional insured in such policies (but excluding the worker’s compensation / Employer’s Liability policy). Company’s insurance shall be primary to and will not seek contribution from any other insurance available to Landowner as an additional insured under Company’s insurance policies. All such policies shall expressly waive any right of subrogation on the part of the insurer against Landowner. Any insurance required under this Section 13.3 may be subject to reasonable deductibles as are usually carried by companies of similar financial condition operating similar properties. Company’s commercial property insurance may be included under a blanket policy or policies covering the Solar Facility and other property and assets not located on the Leased Property. Company shall provide ten (10) days’ written notice to Landowner prior to cancellation, termination, or change in coverage, scope or amount of any such policy. Prior to commencement of the term thereof and thereafter as requested by Landowner, Company shall provide...
Company Insurance. (a) Schedule 4.22(a) lists all insurance policies (by policy number, insurer, coverage period, coverage amount, annual premium and type of policy) held by a Target Entity relating to a Target Entity or its business, properties, assets, directors, officers and employees, copies of which have been provided to the Purchaser. All premiums due and payable under all such insurance policies have been timely paid and the Target Entities are otherwise in material compliance with the terms of such insurance policies. Each such insurance policy (i) is legal, valid, binding, enforceable and in full force and effect and (ii) will continue to be legal, valid, binding, enforceable, and in full force and effect on identical terms following the Closing. No Target Entity has any self-insurance or co-insurance programs. Since January 1, 2020, no Target Entity has received any notice from, or on behalf of, any insurance carrier relating to or involving any adverse change or any change other than in the ordinary course of business, in the conditions of insurance, any refusal to issue an insurance policy or non-renewal of a policy.
(b) Schedule 4.22(b) identifies each individual insurance claim in excess of $50,000 made by a Target Entity since January 1, 2020. Each Target Entity has reported to its insurers all claims and pending circumstances that would reasonably be expected to result in a claim, except where such failure to report such a claim would not be reasonably likely to be material to the Target Entities. To the Knowledge of the Seller, no event has occurred, and no condition or circumstance exists, that would reasonably be expected to (with or without notice or lapse of time) give rise to or serve as a basis for the denial of any such insurance claim. No Target Entity has made any claim against an insurance policy as to which the insurer is denying coverage.
Company Insurance. Subject to SECTION 7.3, the Company will obtain and maintain a policy or policies of insurance with one or more reputable insurance companies providing Indemnitee with coverage in such amount as will be determined by the Board of Directors for Losses and Expenses paid or incurred by Indemnitee as a result of acts or omissions of Indemnitee in his or her Corporate Status, and to ensure the Company's performance of its indemnification obligations under this Agreement; PROVIDED, HOWEVER, in all policies of director and officer liability insurance obtained by the Company, Indemnitee will be named as an insured party in such manner as to provide Indemnitee with the same rights and benefits as are afforded to the most favorably insured directors or officers, as applicable, of the Company under such policies. Any reductions to the amount of director and officer liability insurance coverage maintained by the Company as of the date hereof will be subject to the approval of the Board of Directors.
Company Insurance. Company shall procure and maintain the following insurance:
1. Worker’s Compensation Insurance as prescribed by the laws of the state where the Premises are located; and
2. Comprehensive General Liability Insurance, with limits of two million dollars ($2,000,000.00) per occurrence and two million dollars ($2,000,000.00) annual aggregate to cover any and all claims that arise during the course of this Agreement.
Company Insurance. Subject to Section 7.3, for the duration of Indemnitee’s service as a director and/or officer of the Company, and thereafter for so long as Indemnitee shall be subject to any pending or possible Proceeding, the Company shall use commercially reasonable efforts (taking into account the scope and amount of coverage available relative to the cost thereof) to cause to be maintained in effect policies of directors’ and officers’ liability insurance providing coverage for directors and/or officers of the Company that is at least substantially comparable in scope and amount to that provided by the Company’s current policies of directors’ and officers’ liability insurance as of the date of this Agreement. The minimum AM Best rating for the insurance carriers of such insurance carrier shall be not less than A-VI.
Company Insurance. (a) The Company shall maintain liability insurance covering personal injury and property damage as provided below, which insurance shall name each Jurisdiction as an additional insured for claims arising out of the Company’s negligence. From time to time, as reasonably requested by the Jurisdictions and upon each change in the insurance carried by the Company, the Company shall provide the Jurisdictions written evidence that the insurance required this Agreement is in place and in full force and effect. Failure of the Company to obtain and maintain the insurance required under the pursuant to the terms of this Agreement shall be deemed to an Event of Default for purposes of Section 10.3(b).
(b) The Company shall obtain and maintain, at its sole cost and expense, the following insurance coverage: (i) workers compensation insurance as required by Applicable Law, with a deductible amount of not greater than $500,000, together with employer’s liability insurance with limit of liability of not less than $1,000,000, with a deductible amount of not greater than $500,000; (ii) commercial general liability and property damage primary insurance with a broad form contractual liability endorsement and products/completed operations endorsement having a minimum combined single limit of liability of $1,000,000 per occurrence, with a deductible amount of not greater than $250,000; (iii) comprehensive automobile liability primary insurance applicable to all owned, hired and non-owned vehicles having a minimum combined single limit of liability of $1,000,000 per occurrence, with a deductible amount of not greater than $250,000; (iv) excess liability insurance having a minimum limit of liability of $2,000,000 per occurrence, total coverage of at least $50,000,000, and a self-insured retention of $250,000 or less; and (v) insurance for loss, damages or destruction to the Facility (including boiler and machinery) caused by “broad form” peril in an amount at all times equal to the full replacement value of the Facility (including, to the extent available on commercially reasonable terms, insurance for such loss caused by flood or earthquake), with a deductible amount not to exceed $250,000, except coverage for wind and earthquake which shall have a deductible amount not to exceed $500,000. Each policy obtained to satisfy Sections 7.3(b)(ii) through (v) above shall designate “The City of Alexandria, Virginia and the County Board of Arlington County, Virginia and their elected an...
Company Insurance. Without limiting its liability under this Agreement (except as may be otherwise expressly provided in this Agreement), during the Term and for [***] after the expiration or termination of this Agreement, Company shall obtain and maintain commercial general liability/product liability insurance with limits of not less than [***] per occurrence for general liability and product liability. With respect to all insurance coverage required under this Section 6.8, (i) Company shall, promptly upon SAFC’s request, furnish SAFC with certificates of insurance evidencing such insurance and (ii) all policies shall include provisions for at least thirty [***] prior written notice of cancellation. SAFC, upon request, shall be named as an additional insured under the policies of insurance required by this Section 6.8.
Company Insurance. Company shall self-insure or maintain general and professional liability insurance including coverage for product liability in the amount of $[***] per occurrence and $[***] annual aggregate or such higher coverage as may be required by law. Evidence of such coverage shall be provided to Anthem upon its prior written request. Company shall notify Anthem no less than 10 days in advance of such policy being reduced, terminated, cancelled, or the occurrence of a lapse in coverage. Company shall maintain such insurance for the duration of this Agreement, and thereafter, as necessary to maintain coverage for events occurring during the term of this Agreement.
Company Insurance. Copies of all material insurance policies have been made available to Parent. All such policies are in full force and effect, all premiums due and payable thereon have been paid, and no notice of cancellation or termination has been received with respect to any such material policy which has not been replaced on substantially similar terms prior to the date of such cancellation. There is no material claim pending under any such material policies as to which coverage has been questioned, denied or disputed.
