Common use of Excess/Umbrella Liability Clause in Contracts

Excess/Umbrella Liability. The Borrower shall maintain excess or umbrella liability insurance in an amount not less than $15,000,000 written on an occurrence basis providing coverage limits excess of the insurance limits required under Sections 6.5(b)(iii), (b)(iv) (with respect to employer’s liability only), and (b)(v). Such insurance shall follow 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 by law.

Appears in 4 contracts

Samples: Credit Agreement (Sba Communications Corp), Credit Agreement (Sba Communications Corp), Credit Agreement (Sba Communications Corp)

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Excess/Umbrella Liability. The Borrower Lessee shall maintain excess or umbrella liability insurance in an amount not less than $15,000,000 25,000,000 written on an occurrence basis providing coverage limits excess of the insurance limits required under Sections 6.5(b)(iiisections (b)(iii), (b)(iv) (with respect to employer’s liability only), and (b)(v). Such insurance shall follow 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 exclude coverage for punitive or exemplary damages where insurable by law.

Appears in 3 contracts

Samples: Credit Agreement (Atlantic Broadband Management, LLC), Credit Agreement (Atlantic Broadband Finance, LLC), Credit Agreement (Atlantic Broadband Finance, LLC)

Excess/Umbrella Liability. The Borrower shall maintain Maintain excess or umbrella liability insurance in an amount not less than $15,000,000 50,000,000 written on an occurrence basis providing coverage limits excess of the insurance limits required under Sections 6.5(b)(iiisections (b)(iii), (b)(iv) (with respect to employerEmployer’s liability Liability only), and (b)(v). Such insurance shall follow 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 by under law.

Appears in 2 contracts

Samples: Credit Agreement (Noble International, Ltd.), Credit Agreement (Noble International, Ltd.)

Excess/Umbrella Liability. The Borrower shall maintain excess Excess or umbrella liability insurance in an amount not less than $15,000,000 10,000,000, written on an occurrence basis providing coverage limits in excess of the insurance limits required under Sections 6.5(b)(iiiparagraphs (a)(iii), (b)(iva)(iv) (with respect to employer’s employers liability only), and (b)(v)a)(v) above. Such insurance shall follow form from the primary insurances and drop down in case of exhaustion of underlying limits and/or and /or aggregates. Such insurance shall not contain an exclusion exclude coverage for punitive or exemplary damages where insurable by law.

Appears in 2 contracts

Samples: Credit Agreement (Devcon International Corp), Credit Agreement (Devcon International Corp)

Excess/Umbrella Liability. The Borrower shall maintain excess Excess or umbrella liability insurance in an amount not less than $15,000,000 5,000,000, written on an occurrence basis providing coverage limits in excess of the insurance limits required under Sections 6.5(b)(iiiSection 6.02(a)(iii), (b)(iva)(iv) (with respect to employer’s liability only), and (b)(va)(v). Such insurance shall follow form the primary insurances and drop down in case of exhaustion of underlying limits and/or aggregates. Such insurance shall not contain an exclusion exclude coverage for punitive or exemplary damages where insurable by law.;

Appears in 2 contracts

Samples: Loan Agreement (Hemisphere Media Group, Inc.), Loan Agreement (Hemisphere Media Group, Inc.)

Excess/Umbrella Liability. The Borrower shall maintain excess or umbrella liability insurance in an amount not less than $15,000,000 50,000,000 written on an occurrence basis providing coverage limits in excess of the insurance limits required under Sections 6.5(b)(iiisections (a)(iii), (b)(iv) (with respect to employer’s liability onlya)(iv), and (b)(va)(v). Such insurance shall follow the form of the primary insurances and contain a drop down provision in case of exhaustion of underlying limits and/or aggregates. Such insurance shall not contain an exclusion for of punitive or exemplary damages where insurable by under law. Such policy shall not contain an exclusion for occupational disease.

Appears in 2 contracts

Samples: Credit Agreement (American Rock Salt Co LLC), Credit Agreement (American Rock Salt Co LLC)

Excess/Umbrella Liability. The Such Borrower shall maintain excess or umbrella liability insurance in an amount not less than $15,000,000 25,000,000 written on an occurrence basis providing coverage limits in excess of the insurance limits required under Sections 6.5(b)(iiiSection 5.04(b)(iii), (b)(iv) (with respect to employer’s 's liability only), and (b)(v). Such insurance shall follow form from the primary insurances and drop down in case of exhaustion of underlying limits and/or aggregates. Such insurance shall not contain an exclusion exclude coverage for punitive or exemplary damages where insurable by law.

Appears in 1 contract

Samples: Loan and Security Agreement (KMC Telecom Holdings Inc)

Excess/Umbrella Liability. The Borrower shall maintain excess Excess or umbrella liability insurance in an amount not less than $15,000,000 1,000,000, written on an occurrence basis providing coverage limits in excess of the insurance limits required under Sections 6.5(b)(iii), (b)(iv) (with respect to employer’s liability only), and (b)(vSection 8.5(a)(iii). Such insurance shall follow form the primary insurances and drop down in case of exhaustion of underlying limits and/or aggregates. Such insurance shall not contain an exclusion exclude coverage for punitive or exemplary damages where insurable by law.

Appears in 1 contract

Samples: Loan and Security Agreement (Telx Group, Inc.)

Excess/Umbrella Liability. The Borrower shall ------------------------- maintain excess or umbrella liability insurance in an amount not less than $15,000,000 10,000,000 written on an occurrence basis providing coverage limits in excess of the insurance limits required under Sections 6.5(b)(iiiclauses (b)(iii), (b)(iv) (with respect to employer’s 's liability only), and (b)(v). Such insurance shall follow form from the primary insurances and drop down in case of exhaustion of underlying limits and/or aggregates. Such insurance shall not contain an exclusion exclude coverage for punitive or exemplary damages where insurable by law.; and

Appears in 1 contract

Samples: Second Priority Loan and Guaranty Agreement (Northpoint Communications Group Inc)

Excess/Umbrella Liability. The Borrower shall maintain excess or umbrella liability insurance in an amount not less than $15,000,000 written on an occurrence basis providing coverage limits excess of the insurance limits required under Sections 6.5(b)(iii5.5(b)(iii), (b)(iviv), (v) (with respect to employer’s liability only), and (b)(vvi). Such insurance shall follow 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 by law.

Appears in 1 contract

Samples: Credit Agreement (Sba Communications Corp)

Excess/Umbrella Liability. The Borrower shall maintain excess Excess or umbrella liability insurance in an amount not less than $15,000,000 10,000,000, written on an occurrence basis providing coverage limits in excess of the insurance limits required under Sections 6.5(b)(iiiSection 6.07(a)(iii), (b)(iva)(iv) (with respect to employer’s liability only), and (b)(va)(v). Such insurance shall follow form from the primary insurances and drop down in case of exhaustion of underlying limits and/or aggregates. Such insurance shall not contain an exclusion exclude coverage for punitive or exemplary damages where insurable by law.;

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Ancestry.com Inc.)

Excess/Umbrella Liability. The Such Borrower shall maintain excess or umbrella liability insurance in an amount not less than $15,000,000 25,000,000 written on an occurrence basis providing coverage limits in excess of the insurance limits required under Sections 6.5(b)(iii5.04(d)(iii), (b)(ivd)(iv) (with respect to employer’s 's liability only), and (b)(vd)(v). Such insurance shall follow form from the primary insurances and drop down in case of exhaustion of underlying limits and/or aggregates. Such insurance shall not contain an exclusion exclude coverage for punitive or exemplary damages where insurable by law.

Appears in 1 contract

Samples: Loan and Security Agreement (KMC Telecom Holdings Inc)

Excess/Umbrella Liability. The Such Borrower shall maintain excess or umbrella liability insurance in an amount not less than $15,000,000 20,000,000, written on an occurrence basis providing coverage limits in excess of the insurance limits required under Sections 6.5(b)(iii5.04(b)(3), (b)(ivb)(4) (with respect to employer’s liability only), and (b)(vb)(5). Such insurance shall follow form from the primary insurances insurance and drop down in case of exhaustion of underlying limits and/or aggregates. Such insurance shall not contain an exclusion exclude coverage for punitive or exemplary damages where insurable by law.; and

Appears in 1 contract

Samples: Loan and Security Agreement (Paetec Corp)

Excess/Umbrella Liability. The Borrower Lessee shall maintain excess or umbrella liability insurance written on an occurrence basis in an amount not less than $15,000,000 written on an occurrence basis 25,000,000 providing coverage limits excess of the insurance limits required under Sections 6.5(b)(iii), sections (b)(iv) (with respect to employer’s liability onlya)(iii), and (b)(v)a)(iv) employer's liability only. Such insurance shall follow 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 by under law.

Appears in 1 contract

Samples: Master Lease Agreement (Metaldyne Corp)

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Excess/Umbrella Liability. The Borrower shall maintain excess or umbrella liability insurance in an amount not less than $15,000,000 25,000,000 written on an occurrence basis providing coverage limits excess of the insurance limits required under Sections 6.5(b)(iii), (b)(iv) (with respect to employer’s liability only), and (b)(v). Such insurance shall follow 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 by law.

Appears in 1 contract

Samples: Credit Agreement (Sba Communications Corp)

Excess/Umbrella Liability. The Such Borrower shall maintain excess or umbrella liability insurance in an amount not less than $15,000,000 25,000,000 written on an occurrence basis providing coverage limits in excess of the insurance limits required under Sections 6.5(b)(iiiSECTION 5.04(B)(II), (b)(ivB)(III) (with respect to employer’s 's liability only), and (b)(vb)(iv). Such insurance shall follow form from the primary insurances and drop down in case of exhaustion of underlying limits and/or aggregates. Such insurance shall not contain an exclusion exclude coverage for punitive or exemplary damages where insurable by law.

Appears in 1 contract

Samples: Loan and Security Agreement (KMC Telecom Holdings Inc)

Excess/Umbrella Liability. The Borrower shall maintain excess Excess or umbrella liability insurance in an amount not less than $15,000,000 5,000,000, written on an occurrence basis providing coverage limits in excess of the insurance limits required under Sections 6.5(b)(iii), (b)(iv6.07(a)(iv) (with respect to employer’s liability only), and (b)(v6.07(a)(v). Such insurance shall follow form from the primary insurances and drop down in case of exhaustion of underlying limits and/or and /or aggregates. Such insurance shall not contain an exclusion exclude coverage for punitive or exemplary damages where insurable by law.; and

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Abovenet Inc)

Excess/Umbrella Liability. The Borrower shall maintain excess or umbrella liability insurance in an amount not less than $15,000,000 25,000,000 written on an occurrence basis providing coverage limits excess of the insurance limits required under Sections 6.5(b)(iii5.5(b)(iii), (b)(iv) (with respect to employer’s liability only), and (b)(v). Such insurance shall follow 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 by law.

Appears in 1 contract

Samples: Credit Agreement (Sba Communications Corp)

Excess/Umbrella Liability. The Borrower shall maintain excess or umbrella liability insurance in an amount not less than $15,000,000 25,000,000 written on an occurrence basis providing coverage limits excess of the insurance limits required under Sections 6.5(b)(iii5.5(b)(iii), (b)(iv) (with respect to employer’s 's liability only), and (b)(v). Such insurance shall follow 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 by law.

Appears in 1 contract

Samples: Credit Agreement (Sba Communications Corp)

Excess/Umbrella Liability. The Such Borrower shall maintain excess or umbrella liability insurance in an amount not less than $15,000,000 25,000,000 written on an occurrence basis providing coverage limits in excess of the insurance limits required under Sections 6.5(b)(iiiSECTIONS 5.04(D)(III), (b)(ivD)(IV) (with respect to employer’s 's liability only), and (b)(vD)(V). Such insurance shall follow form from the primary insurances and drop down in case of exhaustion of underlying limits and/or aggregates. Such insurance shall not contain an exclusion exclude coverage for punitive or exemplary damages where insurable by law.

Appears in 1 contract

Samples: Loan and Security Agreement (KMC Telecom Holdings Inc)

Excess/Umbrella Liability. The Borrower shall maintain ------------------------- excess or umbrella liability insurance in an amount not less than $15,000,000 10,000,000 written on an occurrence basis providing coverage limits in excess of the insurance limits required under Sections 6.5(b)(iiiclauses (b)(iii), (b)(iv) (with respect to employer’s 's liability only), and (b)(v). Such insurance shall follow form from the primary insurances and drop down in case of exhaustion of underlying limits and/or aggregates. Such insurance shall not contain an exclusion exclude coverage for punitive or exemplary damages where insurable by law.; and

Appears in 1 contract

Samples: Loan and Guaranty Agreement (Northpoint Communications Group Inc)

Excess/Umbrella Liability. The Borrower shall maintain excess or umbrella liability insurance in an amount not less than $15,000,000 written on an occurrence basis 50,000,000 providing coverage limits excess of the insurance limits required under Sections 6.5(b)(iiisections (a)(ii), (b)(iva)(iii) (with respect to employer’s 's liability only), ) and (b)(va)(iv). Such insurance shall follow 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 by law.

Appears in 1 contract

Samples: Credit Agreement (Panamsat Corp /New/)

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