Excess/Umbrella Liability Insurance. Credit Parties shall maintain excess or umbrella liability insurance written on an occurrence basis in an amount of not less than $35,000,000 providing coverage limits excess of the insurance limits required under Sections 5.4(a)(ii) and (iii) above. Such insurance shall follow from the primary insurances and drop down in case of exhaustion of underlying limits and/or aggregates. Such insurance shall not contain an exclusion for punitive or exemplary damages where insurable under law.
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Samples: Credit Agreement (Omni Energy Services Corp), Credit Agreement (Omni Energy Services Corp)
Excess/Umbrella Liability Insurance. The Credit Parties shall maintain excess or and/or umbrella liability insurance written on an occurrence basis in an amount of not less than $35,000,000 15,000,000 providing coverage limits excess of the insurance limits required under Sections 5.4(a)(ii) and sections (iii) abovea)(ii). Such insurance shall follow from the form of the primary insurances and drop down in case of exhaustion of underlying limits and/or aggregates. Such insurance shall not contain an exclusion for punitive or exemplary damages where insurable under law.
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Samples: Loan Agreement (Xfone Inc.)
Excess/Umbrella Liability Insurance. Credit Parties shall maintain excess or umbrella liability insurance written on an occurrence basis in an amount of not less than $35,000,000 providing coverage limits excess of the insurance limits required under Sections 5.4(a)(iiSECTIONS 5.4(a)(iv) and (iiiv) above. Such insurance shall follow from the primary insurances and drop down in case of exhaustion of underlying limits and/or aggregates. Such insurance shall not contain an exclusion for punitive or exemplary damages where insurable under law.
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Excess/Umbrella Liability Insurance. The Credit Parties shall maintain excess or umbrella liability insurance written on an occurrence basis in an amount of not less than $35,000,000 25,000,000 providing coverage limits in excess of the insurance limits required under Sections 5.4(a)(ii) paragraphs (a)(iii), and (iii) abovea)(iv), employer’s liability only, and (v). Such insurance shall follow from the primary insurances and drop down in case of exhaustion of underlying limits and/or aggregates. Such insurance shall not contain an exclusion for punitive or exemplary damages where insurable under law.; and
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Excess/Umbrella Liability Insurance. The Credit Parties ----------------------------------- shall maintain excess or umbrella liability insurance written on an occurrence basis in an amount of not less than $35,000,000 25,000,000 providing coverage limits excess of the insurance limits required under Sections 5.4(a)(ii) paragraphs (a)(iii), and (iii) abovea)(iv), employer's liability only, and (v). Such insurance shall follow from form the primary insurances and drop down in case of exhaustion of underlying limits and/or aggregates. Such insurance shall not contain an exclusion for punitive or exemplary damages where insurable under law.; and
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Excess/Umbrella Liability Insurance. Credit Parties shall maintain excess or umbrella liability insurance written on an occurrence basis in an amount of not less than $35,000,000 providing coverage limits excess of the insurance limits required under Sections 5.4(a)(ii5.4(a)(iv) and (iiiv) above. Such insurance shall follow from the primary insurances and drop down in case of exhaustion of underlying limits and/or aggregates. Such insurance shall not contain an exclusion for punitive or exemplary damages where insurable under law.
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