Errors and Omission Insurance. The Company shall use all reasonable efforts to secure and maintain current errors and omission liability insurance of at least One Million Dollars ($1,000,000) during the term of this Agreement.
Errors and Omission Insurance. CONTRACTOR acknowledges and agrees that at all times during the term of this Agreement he/she shall maintain, at his or her sole expense, errors and omissions insurance coverage in an amount of not less than $25,000.00 per occurrence, and in the aggregate.
Errors and Omission Insurance. The Board agrees to pay the premium amount for errors and omissions insurance coverage for Interim Superintendent while engaged in the performance of a governmental function and while the Interim Superintendent is acting within the scope of his/her authority. The policy limits for this coverage shall be not less than $1,000,000. The terms of the errors and omissions insurance policy shall be controlling respecting defense and indemnity of Interim Superintendent. The sole obligation undertaken by the Board shall be limited to the payment of premium amounts for the above errors and omissions coverage. In the event that such insurance coverage cannot be purchased in the above amounts and/or at a reasonable premium rate, the Board shall the right to discontinue said coverage and shall so notify the Interim Superintendent. In the event, the Board agrees to a case-by-case basis to consider providing legal defense and/or indemnification to Interim Superintendent as is authorized under MCLA 691.1408 and MCLA 380.1 la (3)(d).
Errors and Omission Insurance. The Board will pay the premium amount for errors and omissions insurance coverage for the Superintendent while engaged in the performance of a governmental function and while the Superintendent is acting within the scope of her authority. The policy limits for this coverage shall be not less than Five Million Dollars ($5 million).
A. The terms of the errors and omissions insurance policy shall control the Superintendent's defense and indemnity. The Board's sole obligation shall be limited to the payment of premium amounts for the above errors and omissions coverage.
B. If such insurance coverage cannot be purchased in the above amount or at a reasonable premium rate, the Board will promptly notify the Superintendent of that fact and the parties will promptly meet and confer to reach a mutually agreeable solution to address that situation. In that event, the Board agrees on a case-by-case basis to consider providing legal defense or indemnification to the Superintendent as authorized under MCL 691.1408 and MCL 380.11a(3)(d).
Errors and Omission Insurance. The Contractor, at its own expense, shall keep in force and at all times maintain during the term of this Contract Errors and Omissions Liability coverage in the amount of Five-Hundred Thousand Dollars ($500.000) for miscellaneous errors and omissions damages when called for in the Invitation to Bid.
Errors and Omission Insurance. Broker maintains Errors and Omissions Insurance for professional liabilities. If Insurance carried by Broker contains a provision deducting a fixed sum from the amount of settlement to be paid by the carrier, than the cost of the deduction shall be shared by the Broker and Associate in the same portion that any commission on that transaction was shared or would have been shared if the transaction had closed as scheduled. Associate may be required to purchase and maintain, at Associate's expense, an individual Errors and Omissions policy supplemental to that carried by Broker.
Errors and Omission Insurance. Error and omissions and fidelity insurance coverage, in the amounts required by the Applicable Requirements, is in effect with respect to Servicer and will be maintained with respect to the related Mortgage Loans until such time as the Servicer is no longer the servicer of the Mortgage Loans.
Errors and Omission Insurance. Mutual arrangement with Employer and Carrier. The Employer agrees to maintain malpractice and professional liability insurance coverage for employees covered by this agreement.
Errors and Omission Insurance. Purchaser and Seller will obtain and produce at Closing satisfactory evidence of the following insurance providing notice to the other at least ten (10) days prior to cancellation or termination (if applicable):
6.5.1: Purchaser. Purchaser will maintain a policy in form and substance reasonably satisfactory to Seller insuring against errors and omissions until the Note has been satisfied in full.
Errors and Omission Insurance. The Construction Manager shall ensure that any consultants engaged by the Construction Manager in the design of the Work each carry Errors and Omissions Insurance that has limits appropriate to the risk arising out of the work conducted.
