Common use of Environmental Insurance Clause in Contracts

Environmental Insurance. The Commission shall cause Developer to be added as an additional insured by endorsement to the Commission's existing environmental liability insurance policy applicable to the Property (the "Environmental Policy") issued by Navigators (the "Environmental Insurer"), subject to the provisions of the Environmental Policy and Developer's satisfaction of the Environmental Insurer's underwriting and endorsement requirements. The Commission shall maintain the Environmental Policy and Developer's additional insured status, at its cost up to the annual renewal premium amount of Twenty-Five Thousand Dollars ($25,000), in full force and effect (i) for so long as there is no material, uncured default under this Agreement;

Environmental Insurance. The Commission shall cause Developer to be added as an additional insured by endorsement to the Commission's existing environmental liability insurance policy applicable to the Property (the "Environmental Policy") issued by Navigators (the "Environmental Insurer"), subject to the provisions of the Environmental Policy and DeveloperXxxxxxxxx's satisfaction of the Environmental Insurer's underwriting and endorsement requirements. The Commission shall maintain the Environmental Policy and Developer's additional insured status, at its cost up to the annual renewal premium amount of Twenty-Five Thousand Dollars ($25,000), in full force and effect (i) for so long as there is no material, uncured default under this Agreement;