DEBIOTECH Liability Insurance Sample Clauses

DEBIOTECH Liability Insurance. From and after the First Introduction Date in the USA, DEBIOTECH agrees to use commercially reasonable efforts to maintain an insurance policy having a minimum coverage of [CONFIDENTIAL TREATMENT REQUESTED] per occurrence and in the aggregate per policy year covering the risks and on the terms described in the insurance policy attached hereto as Exhibit 20.3(b) (the "Original DEBIOTECH Policy"). DEBIOTECH further agrees to renew such policy at or prior to the expiration of the term thereof. In the event that the same policy coverage is not reasonably available in the future or is available at increased premium rates that are no longer commercially reasonable (as a minimum, the current premium rates paid by DEBIOTECH as of the Effective Date increased by the annual Switzerland inflation rate shall for all purposes, be deemed commercially reasonable for the duration of this Agreement). In the event that such policy is not reasonably available at commercially reasonable rates, DEBIOTECH must notify IMED not less than three (3) months in advance of its intention to modify the coverage and the Parties shall discuss alternative solutions in good faith. If after not less than thirty (30) days of good faith discussions between the Parties no solution is found to continue the coverage in the Original DEBIOTECH Policy or any previously accepted modified policy, DEBIOTECH may maintain modified coverage and compensate adequately IMED for any commercially reasonable surplus premium due by IMED to its insurance company as a direct consequence of such modification of DEBIOTECH's coverage. In the event DEBIOTECH elects to terminate even modified insurance coverage because the premium is no longer commercially reasonable, it may terminate such coverage after the above notice and good faith discussion periods and become self-insured in which event DEBIOTECH shall (i) only indemnify IMED so as to put IMED in the same position it would have been in had the last insurance policy so maintained by DEBIOTECH been in effect (assuming for this purpose, that such last insurance policy had a maximum coverage of [CONFIDENTIAL TREATMENT REQUESTED] per occurrence and in the aggregate policy year); and (ii) not be required to pay IMED for any surplus premium due by IMED to its insurance company as a direct consequence of such self-insurance by DEBIOTECH. DEBIOTECH shall before the First Introduction Date in the USA cause its insurer to add IMED in a vendor endorsement on such policy and ...
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Related to DEBIOTECH Liability Insurance

  • D&O Liability Insurance To the extent that the Company maintains a policy or policies of insurance (“D&O Liability Insurance”) providing liability insurance for directors and officers of the Company in their capacities as such (and for any capacity in which any director or officer of the Company serves any other Enterprise at the request of the Company), in respect of acts or omissions occurring while serving in such capacity, Indemnitee shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any other director or officer under such policy or policies.

  • 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.

  • Liability Insurance To the extent the Company maintains an insurance policy or policies providing directors' and officers' liability insurance, Indemnitee shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any Company director or officer.

  • Excess Liability Insurance Excess Liability coverage shall be maintained over the required Employers Liability, Commercial General Liability, Business Auto Liability and Marine Liability policies in an amount not less than Three Hundred Fifty Million and No/100 Dollars ($350,000,000.00) per occurrence and in the aggregate annually (where applicable). The annual aggregate limit applicable to Commercial General Liability shall apply per location. Tenant will use commercially reasonable efforts to obtain coverage as broad as the underlying insurance, including Terrorism Liability coverage, so long as such coverage is available at a commercially reasonable price.

  • General Liability Insurance including contractual liability, with limits of $1,000,000 combined single limit per occurrence bodily injury and property damage with a $2,000,000 annual aggregate.

  • Comprehensive Automobile Liability Insurance Comprehensive automobile liability insurance with a limit of not less than $1,000,000 per occurrence for bodily injury, $500,000 per person and $100,000 property damage or a combined single limit of $1,000,000 for both Tenant-owned and leased vehicles.

  • Automobile Liability Insurance Automobile liability insurance against claims for personal injury (including bodily injury and death) and property damage covering all owned, leased non-owned and hired motor vehicles, including loading and unloading, with a $1,000,000 minimum limit per occurrence for combined bodily injury and property damage and containing appropriate no-fault insurance provisions wherever applicable.

  • Professional Liability Insurance The New PC shall provide, or arrange for the provision of, and maintain throughout the Term of this Agreement, professional liability insurance coverage in accordance with the provisions of Article 9 hereof. The New PC shall also cooperate in any programs recommended by the MSO to assure that each of its Orthodontists is insurable, and that Xx. Xxxxxxx and each Orthodontist participates in an on-going risk management program.

  • Liability Insurance - Lessor Lessor shall obtain and keep in force during the term of this Lease a policy of Combined Single Limit Bodily Injury and Broad Form Property Damage Insurance, plus coverage against such other risks Lessor deems advisable from time to time, insuring Lessor, but not Lessee, against liability arising out of the ownership, use, occupancy or maintenance of the Office Building Project in an amount not less than $5,000,000.00 per occurrence.

  • Liability Insurance - Lessee Lessee shall, at Lessee's expense, obtain and keep in force during the term of this Lease a policy of Combined Single Limit Bodily Injury and Property Damage Insurance insuring Lessee and Lessor against any liability arising out of the use, occupancy or maintenance of the Premises and all other areas appurtenant thereto. Such insurance shall be in an amount not less than $500,000 per occurrence. The policy shall insure performance by Lessee of the indemnity provisions of this Paragraph 8. The limits of said insurance shall not, however, limit the liability of Lessee hereunder.

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