DOUBLE INSURANCE. If the same interest has been insured against the same risk by several insurers, each insurer is liable to the insured as if that insurer alone had taken out the insurance. However, the insured is not entitled to more compensation in total from the companies than that corresponding to the damage. If the sum of the liabilities exceeds the damage, the liability is apportioned between the insurers in proportion to the amounts of the liabilities.
DOUBLE INSURANCE. Where liability against one risk has been insured with more than one insurer for coinciding periods the Policyholder shall notify same to the Insurer as soon as possible after the double insurance was effected or after he became aware thereof.
DOUBLE INSURANCE. The Tenant must not effect any insurance relating to the Property against any of the Insured Risks. If the Tenant is entitled to the benefit of any insurance in respect of the Property, the Tenant must pay to the Landlord all monies received by virtue of the insurance to enable the Landlord to apply them in making good the loss or damage in respect of which they have been received.
DOUBLE INSURANCE. Save as provided in this Deed, the Property Agreement and the Sale of Business Agreement the Landlord shall not effect any insurance relating to the Property against any of the Insured Risks.
DOUBLE INSURANCE. The Tenant must not effect any insurance relating to the Premises against any of the Insured Risks (but this does not prevent the Tenant from insuring those items which as a matter of law are its property).
DOUBLE INSURANCE. The Tenant shall not effect any insurance relating to the Property against any of the Insured Risks save where the Landlord ceases insurance of any particular risk in which case the Tenant may effect its own insurance in respect of such risk or risks. If the Tenant is entitled to the benefit of any insurance in respect of the Property, the Tenant shall pay to the Landlord all monies received by virtue of the insurance to enable the Landlord to apply them in making good the loss or damage in respect of which they have been received and subject to sub-clause (15) the Landlord shall use reasonable endeavours to:
(a) obtain all consents and permissions necessary for reinstatement as soon as reasonably possible; and
(b) subject to obtaining those consents and permissions, lay out as soon as practicable all such monies received from the Tenant in reinstating the Property. In reinstating the Property the Landlord may make such variations to its design as the Landlord reasonably decides, so long as the Tenant is provided with accommodation which is substantially the same as that previously comprised in the Property.
DOUBLE INSURANCE. Subject to sub-clause 4.10 of this Lease the Tenant will not effect any insurance over the Demised Premises in respect of any of the Insured Risks
DOUBLE INSURANCE. 17.1. You/Beneficiary must notify Us in writing about any other Insurance Agreement with similar insurance covers signed with other insurance companies.
17.2. In case of Double Insurance, Our participation in the loss shall in proportion to Our share in total amount of liability.
DOUBLE INSURANCE. Taking more than one policy on the same subject matter with two or more insurance companies is called double insurance.
DOUBLE INSURANCE. If the Tenant shall become entitled to the benefit of any insurance covering any part of the Insured Risks relating to the Premises which is not effected or maintained in pursuance of the obligations contained in this Lease, the Tenant shall apply any money received from such insurance (in so far as it extends) in making good the loss or damage in respect of which it shall have been received.
