Form and Certificates. The policy of insurance required to be carried by Lessee pursuant to this Section shall have a Best’s Insurance Rating of at least A-IX. Such policy shall name Owner as an additional insured and contain a cross-liability and severability endorsement. Lessee’s insurance policy shall also be primary insurance without right of contribution from any policy carried by Owner. A certificate of insurance and a copy of Lessee’s insurance policy shall be provided to Owner before any entry by Lessee or its agents or employees on the Property and shall provide that such policy is not subject to cancellation, expiration or change, except upon thirty (30) days prior written notice to Owner.
Appears in 3 contracts
Samples: Exploration and Mining Lease and Option to Purchase Agreement, Exploration and Mining Lease and Option to Purchase Agreement (Idaho North Resources Corp.), Exploration and Mining Lease and Option to Purchase Agreement (Rarus Minerals Inc)
Form and Certificates. The policy of insurance required to be carried by Lessee or its contractors pursuant to this Section shall be with a company approved by Owner and shall have a Best’s Insurance Rating rating of at least A-IXVII. Such policy shall name Owner as an additional insured and contain a cross-liability and severability sever ability endorsement. Lessee’s insurance policy shall also be primary insurance without right of contribution from any policy carried by Owner. A certificate of insurance and a copy of Lessee’s insurance policy shall be provided to Owner before any entry by Lessee or its agents or employees on the Property and shall provide that such policy is not subject to cancellation, expiration or change, except upon thirty (30) days prior written notice to Owner.
Appears in 2 contracts
Samples: Mining Lease and Option to Purchase Agreement, Mining Lease and Option to Purchase Agreement (Max Resource Corp.)
Form and Certificates. The policy of insurance required to be carried by Lessee Lessor pursuant to this Section shall have a Best’s Insurance Rating of at least A-IX. Such policy shall name Owner Lessee as an additional insured and contain a cross-liability and severability endorsement. LesseeLessor’s insurance policy shall also be primary insurance without right of contribution from any policy carried by OwnerLessee. A certificate of insurance and a copy of LesseeLessor’s insurance policy shall be provided to Owner Lessee before any entry by Lessee Lessor or its agents or employees on the Property and shall provide that such policy is not subject to cancellation, expiration or change, except upon thirty (30) days prior written notice to OwnerLessee.
Appears in 1 contract
Samples: Processing Lease and Option to Purchase Agreement (JPX Global Inc.)
Form and Certificates. The policy of insurance required to be carried by Lessee or its contractors pursuant to this Section shall be with an insurer approved by Owner and shall have a Best’s 's Insurance Rating rating of at least A-IXVII. Such policy shall name Owner as an additional insured and contain a cross-liability and severability sever ability endorsement. Lessee’s 's insurance policy shall also be primary insurance without right of contribution from any policy carried by Owner. A certificate of insurance and a copy of Lessee’s 's insurance policy shall be provided to Owner before any entry by Lessee or its agents or employees on the Property and shall provide that such policy is not subject to cancellation, expiration or change, except upon thirty (30) days prior written notice to Owner.
Appears in 1 contract
Samples: Mining Lease and Option to Purchase Agreement (Max Resource Corp.)
Form and Certificates. The policy of insurance required to be carried by Lessee pursuant to this Section shall be with a company approved by Owner and shall have a Best’s Insurance Rating of at least A-IXVII. Such policy shall name Owner as an additional insured and contain a cross-liability and severability sever ability endorsement. Lessee’s insurance policy shall also be primary insurance without right of contribution from any policy carried by Owner. A certificate of insurance and a copy of Lessee’s insurance policy shall be provided to Owner before any entry by Lessee or its agents or employees on the Property and shall provide that such policy is not subject to cancellation, expiration or change, except upon thirty (30) days prior written notice to Owner. The Owner shall not unreasonably refuse to approve an insurance Company or policy secured by the lessee.
Appears in 1 contract
Samples: Mining Sublease and Option to Purchase Agreement (Entourage Mining LTD)
Form and Certificates. The policy of insurance required to be carried by Lessee or its contractors pursuant to this Section shall be with an insurer approved by Owner and shall have a Best’s Insurance Rating rating of at least A-IXVII. Such policy shall name Owner as an additional insured and contain a cross-liability and severability sever ability endorsement. Lessee’s insurance policy shall also be primary insurance without right of contribution from any policy carried by Owner. A certificate of insurance and a copy of Lessee’s insurance policy shall be provided to Owner before any entry by Lessee or its agents or employees on the Property and shall provide that such policy is not subject to cancellation, expiration or change, except upon thirty (30) days prior written notice to Owner.
Appears in 1 contract
Samples: Mining Lease and Option to Purchase Agreement (Max Resource Corp.)
