Extent of Insurance. The Expenses and liabilities covered hereby shall be net of any payments made by D&O Insurance carriers or others.
Extent of Insurance. The Expenses and liabilities covered hereby shall be net of any payments made irrevocably to or on behalf of Indemnitee by any D&O Insurance carriers or others and, for the avoidance of doubt, the Company will not be liable for the payment of any Expenses or liabilities for which Xxxxxxxxxx has received payment from a D&O Insurance carrier or other person unless and until the D&O Insurance Carrier or such other person requests reimbursement of such Expenses or liabilities from Indemnitee.
Extent of Insurance. All the assets of each Group Company which are of an insurable nature are fully insured to their full replacement value with a reputable insurer against fire and all other risks normally insured against by companies carrying on similar businesses to those of the relevant Group Company and, so far as the Sellers are aware, each Group Company is and has at all material times been adequately covered against all legal liability and risks normally insured against by such companies (including liability to employees or third parties for personal injury or loss or damage to property, product liability and loss of profit).
Extent of Insurance. Each Leased Item shall be subject to insurance for the entire corresponding Lease Period with the Insurance Company specified in the corresponding Agreement, against the following risks:
9.1.1 Voluntary (under applicable law) motor third party liability insurance of the Lessor, the Lessee and the Leaseholder, which may arise as a result of the Lessee’s possession and enjoyment of the Leased Item under the corresponding Agreement, for the entire Lease Period in an amount not less than the equivalent specified in the Agreement, for each Leased Item.
9.1.2 Obligatory (under applicable law) motor third party liability insurance of the Lessor, the Lessee and the Leaseholder, which may arise as a result of the Lessee’s possession and enjoyment of the Leased Item under the corresponding Agreement for the entire Lease Period.
Extent of Insurance. All the assets of each Group Company which are of an insurable nature are fully insured to their full replacement value with a well-established and reputable insurer against fire and all other risks normally insured against by companies carrying on similar businesses or owning property of a similar nature to those of the relevant Group Company and each Group Company is and has at all material times been adequately covered against all legal liability and risks normally insured against by such companies (including liability to employees or third parties for personal injury or loss or damage to property, product liability and loss of profit and liability to third parties in respect of errors or omissions in the provision of any professional services by that Group Company).
Extent of Insurance. Neither Adial nor any Affiliate shall make, use, import, offer to sell or sell any Licensed Product, or engage in any other act involving any Licensed Product or the Licensed Rights, if such act could possibly create material risk of a claim against Foundation or UVA for personal injury of property damage, unless Adial shall have first provided Foundation with a certificate of insurance, to be updated yearly, proving that Adial or such Affiliates or Sublicensees have in force, during the term of this Agreement, a policy of liability insurance with sufficient occurrence and annual aggregate limits to indemnify Foundation and UVA against liability claims for accidental death, injury, illness or other damages arising from such act, as required by the previous paragraph. Such insurance policy must, during the applicable term specified in Section 10.3 below, consist of broad form contractual liability coverage and shall further include liability insurance covering Licensed Products with total limits of not less than:
(1) ten million U.S. dollars (U.S. $10,000,000) annual aggregate and five million U.S. dollars (U.S. $5,000,000) for each occurrence as a combined single limit for bodily injury or death and for property damage for the use of Licensed Products in, on or with humans as part of clinical trials, prophylactic, diagnostic or therapeutic use undertaken on behalf of Adial, its Affiliates, or its Sublicensees, or with Licensed Products supplied by Adial, its Affiliates, or its Sublicensees. Such insurance policy shall name Foundation and UVA as additional insured parties but shall not include UVA- or investigator-sponsored trials independent of Adial, its Affiliates, or its Sublicensees being conducted at UVA with respect to any Licensed Product; and
(2) two million U.S. dollars (U.S. $2,000,000) annual aggregate and one million U.S. dollars (U.S. $1,000,000) for each occurrence as a combined single limit for bodily injury or death and for property damage for the use of Licensed Products not covered by (1) above; or
(3) if Adial has provided UVAPF with evidence that is reasonably acceptable to demonstrate that Adial or its Sublicensee has sufficient financial resources to support meaningfully the indemnification obligations undertaken herein and agrees to do so, then Adial and/or its Sublicensee shall have the option of self insuring. Adial agrees that, unless coverage satisfying the requirements of this Agreement is first provided under another policy in ...
Extent of Insurance. All the assets of the Company which are of an insurable nature are fully insured to their full replacement value with a well established and reputable insurer against fire and all
Extent of Insurance. The Customer must effect and maintain at all times:
(a) Throughout the Duration of Hire and any extension of the Duration of Hire and until the customer has returned the Equipment to OEG; and or
(b) For the period OEG provides the Services the following insurances:
(c) General insurance: insurance of the Equipment and or Customer's Equipment for their full insurable value against:
(i) Damage or destruction caused by accident; and
(ii) Any insurable risk commonly insured against in regard to equipment of a similar nature to the Equipment including, but not limited to, by accidental damage, fire, xxxxx, xxxxxxx, explosion, aircraft or other aerial devices (including any articles dropped there from), strikes, riot, civil commotion, malicious damage, flood, impact damage, earthquake, water damage, burglary or theft;
(d) Indemnified risks: insurance with respect to the Customer's liability to OEG pursuant to the indemnities provided in clause 7;
(e) Third party risks: insurance against all third party risks including liability for damage or injury of any kind to any property or person and also against other risks to the full extent required by law by a policy inuring for the benefit of OEG and the Customer;
(f) Public risk: public risk insurance relating to the Equipment for an indemnity (including damage to property of or injury to any person) of not less than twenty million dollars ($20,000,000).
Extent of Insurance. Each Group Company is, and has at all material times been, fully covered by valid insurance against all risks normally insured against having regard to the type of business carried on and the assets and Properties owned or used by it and a list of all insurances of each Group Company, and copies of all such policies of insurance of each Group Company are included in the Disclosure Letter (the Policies).
Extent of Insurance. Copies of the Company’s insurance policies and schedules currently in effect have been Disclosed. All the assets of the Company which are of an insurable nature are and have at all material times been insured up to an amount which is reasonably prudent against fire and such other risks against which it would be considered reasonable prudent to insure having regard to the nature of the Business and the assets of the Company, and the Company is and has at all material times been adequately covered against such legal liability and risks which it would be considered reasonably prudent to insure having regard to the nature of the Business and the assets of the Company.
