Continuity of Insurance. A teacher granted sabbatical leave may maintain health and hospital, term life insurance, etc., provided the amount of the premium for the term of leave is remitted to the business office prior to beginning of the leave or unless individual arrangements are made with the insurance carrier. Upon return to the District, this amount shall be refunded to the teacher.
Continuity of Insurance. All insurance required in this Section XIV. shall be obtained and continuously maintained through responsible insurance companies selected by the Developer or its successors that are authorized under the laws of the State to assume the risks covered by such policies. Unless otherwise provided in this Section XIV., cancellation relative to each policy shall be as provided by the policy; however, the Village must be named as a cancellation notice recipient. Not less than fifteen (15) days prior to the expiration of any policy, the Developer, or its successor or assign, must renew the existing policy or replace the policy with another policy conforming to the provisions of this Section XIV. In lieu of separate policies, the Developer or its successor or assign, may maintain a single policy, blanket or umbrella policies, or a combination thereof, having the coverage required herein.
Continuity of Insurance. Between the date hereof and the Closing Date, the parties shall cooperate in good faith to enable Purchaser to maintain, as from the Closing Date, by having issued a new insurance policy or by way of inclusion thereof in Purchaser’s then existing insurance coverage, such insurance coverage carried by the Company as at the date hereof with respect to the Business or any of the Acquired Assets.
Continuity of Insurance. Purchaser acknowledges and agrees that, as set forth in Article 19 of the Ground Lease, Purchaser shall be obligated to maintain certain policies of insurance in full force and effect as of and at all times following the Closing Date, and that any lapse in the continuity of insurance shall be a default under the terms of the Ground Lease. No later than ten (10) Business Days prior to the Closing Date, Purchaser shall provide Seller with the forms of certificates of insurance that shall evidence the insurance coverage, and in the form required under the terms of the Ground Lease, and hereby authorizes Seller to furnish such proposed certificates of insurance to Elmsford 1705 for review and approval and, to the extent that Elmsford 1705 shall request any changes thereto that are consistent with the Ground Lease, or shall request to see copies of any of the underlying insurance policies, Purchaser shall comply with all such requests made by Elmsford 1705 prior to the Closing. Without limitation to the foregoing, Purchaser covenants and agrees that, at Closing, it shall provide Elmsford 1705 with all required certificates of insurance in such form as shall have been approved by Elmsford 1705 and shall cause all insurance to be in full force and effect as of the Closing Date to ensure that there is no interruption to the continuity of insurance coverage (it being agreed that the existing policies of insurance maintained by Seller shall no longer insure any of the Property from and after the Closing Date).
