Coverage Required. The insurance coverage required by this Agreement shall include the coverage specified above with policy limits of not less than $1,000,000 Combined Single Limit general liability and $500,000 Combined Single Limit automobile liability per occurrence.
a. The comprehensive general liability insurance coverage shall include completed operations insurance coverage and liability insurance applicable to the Developer’s obligations under this Agreement.
b. Each insurance policy shall contain a provision stating that the insurer will give the Town thirty (30) days prior written notice of its intent to cancel or materially change the policy. All such insurance shall remain in effect until the BOMA approves acceptance and releases of Security of the completed Project.
c. In addition, the Developer shall maintain completed operations insurance for at least one (1) year after the BOMA approves acceptance and release of the applicable Security.
d. The Developer shall furnish the Town with evidence of the continuation of all such insurance at the time of issuance of the notice of acceptance and release of Security.
Coverage Required. Within thirty (30) days of the Effective Date, Operator shall pay all costs and/or premiums, for policies of insurance, providing coverage against third party claims relating to the Facilities, including the Property, with a carrier approved in the State of Louisiana and rated by AM Best or a similar agency not lower than “A-” with a surplus size of “VII or higher.” The policies of insurance shall be maintained in full force until the termination or expiration of this Agreement and continuing until all obligations are fulfilled. Such commercial general liability policies shall name the State as an additional insured. Such policies of insurance shall be subject to the terms and conditions of the policies and shall have the following limits:
A. For bodily injury, One Million ($1,000,000) Dollars per occurrence, with a Two Million ($2,000,000) Dollars aggregate.
B. For property damage which is not considered to be environmental damage, One Million ($1,000,000) Dollars per occurrence, with a Two Million ($2,000,000) Dollars aggregate.
C. For environmental damage, Ten Million Dollars ($10,000,000) for each occurrence.
Coverage Required. Full Replacement Value; AND
Coverage Required. The Ship shall at all times be insured:
Coverage Required. Termination Value Specified
Coverage Required. Tenant shall procure and maintain, or cause to be maintained, at all times during the term of this Lease, at Tenant's sole cost and expense, and until each and every obligation of Tenant contained in the Lease has been fully performed, the types of insurance specified below, with insurance companies authorized to do business in the State of Illinois covering all operations under this Lease, whether performed by Tenant or by Contractors. For purposes of this Article IX, "Contractors" shall mean Tenant and contractors and subcontractors and materialmen or any tier providing services, material, labor, operation or maintenance on, about or adjacent to the Premises, whether or not in privity with Tenant.
Coverage Required. Primary for all owned automobiles; including liability for all owned, leased, rented, hired/non-owned automobiles; medical payments, uninsured and underinsured motorists coverage. Coverage shall be written on ISO form CA 00 01, CA 00 05, CA 00 12, CA 00 20, or an equivalent form. The Authority shall be included as additional insured by endorsement in a form subject to approval by the Authority. An MCS-90 endorsement (or its equivalent) shall be attached when operations require this coverage.
Coverage Required. The Ship shall at all times be insured:
(a) against fire and usual marine risks (including excess risks) and war risks (including war protection and indemnity risks and terrorism risks) on an agreed value basis, for at least its minimum hull cover and no less than 80% of the agreed insurable value;
(b) against P&l risks for the highest amount then available in the insurance market for vessels of similar age, size and type as the Ship (but, in relation to liability for oil pollution, for an amount of not less than $1,000,000,000) and a freight, demurrage and defence cover;
(c) against such other risks and matters which the Agent (acting on the instructions of all the Lenders) notifies it that it considers reasonable for a prudent shipowner or operator to insure against at the time of that notice; and
(d) on terms which comply with the other provisions of this clause 22.
Coverage Required. Per project general aggregate, • Premises-operations, • Explosion, collapse, underground, • Products/completed operations, • Independent contractor, • Independent Trade Contractor’s Liability, • Blanket contractual liability, subject to industry standard terms and conditions, • Personal injury liability, • Employment Practice Liability (which can be provided through a separate policy) • Electronic data liability property damage, • General liability primary (non-contributory), • Additional insured by endorsement (CG 20 10 10/01 and CG 20 37 10 01 or their equivalent) in a form subject to approval by the Authority including waiver of subrogation in favor of the Authority and the Indemnitees but only as arising out of vicarious liability or warranty liability imposed by law because of the acts, errors, or omissions of the Trade Contractor including additional insured coverage for both ongoing and completed operations, • Supplementary Payments coverage for the benefit of Indemnitees of the Trade Contractor for property damage, bodily injury, and personal and advertising injury, • Trade Contractor shall secure such endorsements or estoppel certificates from insurer as may be necessary to confirm that the Trade Contract Agreement is an insured contract for purposes of the policy, • Designated Construction Project(s) General Aggregate Limit endorsement (CG 25 03 03 97 or its equivalent), • Operations within 50 feet of railroad, • Defense in addition to limits of liability, • Broad form Property Damage coverage, • Definition of Bodily Injury to include Mental Injury and Mental Anguish, • Mobile Equipment coverage, • Liability assumed under an insured contract including the tort liability of another assumed in a business contract, • Libel, slander, false arrest and invasion of privacy, • Designated Location(s), and Coverage shall be written on ISO form CG 00 01 12 04 or an equivalent form. Insurance is to be on an occurrence form insuring bodily injury and property damage against the hazards of: construction operations, subcontractor and independent contractor, and shall include an aggregate limit per job site endorsement.
Coverage Required. 24.2.1 The Ship shall at all times be insured:
(a) against (i) fire and usual marine risks (including excess risks) and (ii) war risks (including war protection and indemnity risks and terrorism, piracy and confiscation risks) on an agreed value basis, in each case for at least its minimum hull cover and in the case of sub-section (i), provided that the hull and machinery insurances for the Ship shall at all times cover 80% of its market value and the remaining minimum hull cover may be insured by way of excess risks cover;
(b) against P&I risks for the highest amount then available in the insurance market for vessels of similar age, size and type as the Ship (but, in relation to liability for oil pollution, for an amount of not less than $1,000,000,000);
(c) against such other risks and matters which the Agent notifies it that it considers reasonable for a prudent shipowner or operator to insure against at the time of that notice; and
(d) on terms which comply with the other provisions of this clause 24.
24.2.2 The Ship shall not enter or remain in any zone which has been declared a war, conditional or excluded zone by any government entity or the Ship’s insurers for war risks and/or allied perils (including piracy) unless:
(a) appropriate insurances have been taken out by the relevant Owner; and
(b) any requirements of the Agent and/or the Ship’s insurers necessary to ensure that the Ship remains properly insured in accordance with the Finance Documents (including any requirement for the payment of extra insurance premiums) have been complied with.
