Coverage and Certificates Clause Samples
The "Coverage and Certificates" clause requires a party, typically a contractor or service provider, to maintain specified types and amounts of insurance coverage and to provide proof of such coverage to the other party, usually in the form of insurance certificates. In practice, this means the insured party must obtain and keep current policies such as general liability, workers’ compensation, or professional liability insurance, and periodically submit certificates that verify the coverage is active and meets contractual requirements. This clause ensures that adequate financial protection is in place for potential risks, and provides the other party with assurance that insurance obligations are being met, thereby reducing exposure to uninsured losses.
Coverage and Certificates. 33 13.9 Alternative Insurance Coverage................................... 34
Coverage and Certificates. All insurance policies provided ------------------------- for under Section 13.1 or Section 13.4 above shall be carried in the name of Tenant, with Landlord and any Mortgagee on the Premises as additional insureds, and with loss payable, in the case of any policies procured under Section 13.1, in accordance with the provisions of Section 13.2. Tenant shall deliver to Landlord original certificates of insurance with respect to all policies so procured under Section 13.1 or Section 13.4, including existing, additional and renewal policy certificates and, in the case of insurance about to expire, shall deliver certificates of insurance with respect to the renewal policies prior to the respective dates of expiration. All insurance policies provided for under Section 13.1 or Section 13.4 above shall, to the extent obtainable, have attached thereto an endorsement that such policy shall not be cancelled or materially changed without at least thirty (30) days' prior written Notice to Landlord, Tenant, and the holder of any Mortgage. Upon request by Landlord or any Mortgagee, the requesting party or its representatives shall be entitled to examine at Tenant's corporate headquarters all insurance policies maintained by Tenant with respect to the Premises.
Coverage and Certificates. These policies must provide that any cancellation, non-renewal, or material change be upon not less than thirty (30) days notice to all named insureds. Each Participant must provide the AEA and IMC with evidence of insurance. Insurance companies or self-insurers shown on the certificate of insurance must have financial ratings acceptable to the AEA. Failure to furnish satisfactory evidence of insurance or lapse of the policy is a material breach of this Agreement. Page 43 of 53 – Amended and Restated Alaska Intertie Agreement
Coverage and Certificates. 38 7.04 Management Agreement; Insurance Following Change of Use............................. 38 7.05
Coverage and Certificates. (a) All. insurance described in Sections 7.01 and
Coverage and Certificates. (a) All insurance described in Sections 7.01, 7.02, 7.03, 7.04 and 7.05 shall be effective under valid and enforceable policies issued by insurers of recognized responsibility. The insurance to be obtained by Tenant thereunder may be obtained by Tenant by endorsement or equivalent means under its blanket insurance policies, provided such blanket policies substantially fulfill the requirements specified therein. Any such blanket policy shall indicate the amounts of coverage applicable to the Hotel. Tenant may retain such risks or portion thereof as Tenant does with respect to other Hotels it owns, operates, leases or manages under the Marriott name in the United States; provided, however, that in no event shall the deductible limits (but not self-insured retentions) of any such policy of insurance described in Section 7.03 exceed One - 91 - Hundred Thousand Dollars ($100,000) as indexed by the Price Index or such other amount approved by Landlord, such approval not to be unreasonably withheld.
(b) Tenant shall, from time to time at Landlord's request, furnish Landlord with certificates showing the insurance required to be obtained by Tenant under Sections 7.01, 7.02, 7.03, 7.04 and 7.05 to be in effect. All such insurance shall be at the cost and expense of Tenant. Such certificates shall include a provision for thirty (30) days' advance written notice by the insurer to Landlord and any Leasehold Mortgagee in the event of any pending change or cancellation of such insurance.
(c) All policies of insurance required to be maintained hereunder shall, to the extent that it shall be possible from time to time to obtain such provisions, contain provisions waiving or having the effect of waiving any right of subrogation of the insurance company or companies issuing such policies to any claim Tenant might have against Landlord on account of damage to the property covered by such policies resulting from any act or failure to act of Landlord except Landlord's gross negligence or willful misconduct, and similar provisions waiving or having the effect of waiving any right of subrogation of such insurance company or companies to any claim Landlord might have against Tenant on account of damage to the property covered by such policies resulting from any act or failure to act of Tenant except Tenant's gross negligence or willful misconduct.
(d) Landlord shall, from time to time at Tenant's request, furnish Tenant with certificates showing the insurance required under Secti...