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 the Company which are of an insurable nature are and have at all material times been 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 Company and the 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 the Company).
Extent of Insurance. Neither Aligos 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 reasonably create a material risk of a claim against Emory for personal injury or property damage, unless Aligos shall have first provided Emory with a certificate of insurance, to be updated [****], proving that Aligos and such Affiliates have in force, during the term of this Agreement, a policy of general liability insurance to indemnify the Indemnitees against liability claims for accidental death, injury, illness or other damages arising from such act, as required by the previous paragraph. Such insurance shall include product liability insurance covering each Licensed Product with total limits of not less than: [****] Such policy shall be deemed primary and shall include Emory as an additional insured party with respect to the sale or other dispensation of Licensed Products.
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 before the commencement of the Hire and maintain during the Term, and provide L & C PLANT HIRE with requisite Certificates of Currency and notify L & C PLANT HIRE of same, for: General insurance: insurance of the Equipment and Accessories for their full insurance value against theft, Loss, damage or destruction caused by accident and any insurable risk commonly insured against in regard to equipment of a similar nature to the Equipment and Accessories; and Third party risks: insurance against all third party risks including liability for all damage or injury of any kind to any property or person and otherwise as required to the full extent required by law, pursuant to policies insuring for the benefit of L & C PLANT HIRE, the Customer and any Sub Hire Equipment’ owner. Insurance for L & C PLANT HIRE The Customer’s insurance coverage referred to in Clause 18.1 must also contain the following provisions: either an indemnity in favour of L & C PLANT HIRE or cover at no cost to L & C PLANT HIRE up to the limits of the policy regardless of any act or neglect of the Customer or any breach or violation by the Customer of any warranties, declarations or conditions contained in the policy; notwithstanding the lapse of the policy (except by reason of expiration in accordance with its terms) or any right of cancellation by the insurer or cancellation by the Customer (whether voluntary or involuntary), the insurer will notify L & C PLANT HIRE of the same and the policy will continue in force for the benefit of L & C PLANT HIRE for at least thirty (30) days after written notice of cancellation has been given to L & C PLANT HIRE and the Customer will indemnify and hold L & C PLANT HIRE harmless in respect of any damage, cost or expense suffered or incurred by L & C PLANT HIRE as a result of the insurer’s omission or failure to so continue the policy in force; and if for any reason whatsoever, any such policy is lapsed or cancelled before the expiry of the Term, the Customer must forthwith take out and maintain for the balance of the Term a replacement insurance policy satisfying the requirements of this Clause. EXTENSION OF HIRE TERM If the Customer wishes to extend the Hire for a further period, it may make a written request to L & C PLANT HIRE to do so at least ten (10) Business Days prior to the expiry of the Term, and L & C PLANT HIRE will endeavour to notify the Customer in writing not later than the expiry of the Term whether or not L & C ...
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).
