General Insurance Matters. (a) All liability insurance policies required to be maintained by Licensee hereunder shall contain a cross-liability clause, shall name as additional insureds by written endorsement the "CITY AND COUNTY OF SAN FRANCISCO AND THE SAN FRANCISCO PORT COMMISSION AND THEIR OFFICERS, COMMISSIONERS, DIRECTORS, EMPLOYEES AND AGENTS," shall be primary and non-contributory to any other insurance available to the additional insureds with respect to claims arising under this License, and shall provide that such insurance applies separately to each insured against whom complaint is made or suit is brought except with respect to the limits of the company's liability.
(b) All insurance policies required to be maintained by Licensee hereunder shall be issued by an insurance company or companies reasonably acceptable to Port with an AM Best rating of not less than A-VIII and authorized to do business in the State of California. Licensee's compliance with this Section shall in no way relieve or decrease Licensee's liability under this License.
(c) All insurance policies shall be endorsed to provide thirty (30) days prior written notice of cancellation, non-renewal or reduction in coverage or limits to Port at the address for Notices specified in the Basic License Information.
(d) Licensee shall deliver to Port certificates of insurance, additional insured policy endorsements and waiver of subrogation endorsements in a form satisfactory to and at the direction of Port, such as hard copy documentation or use of an internet-based insurance compliance tracking system such as EXIGIS, evidencing the coverages required herein, together with evidence of payment of premiums, on or before the Commencement Date, and upon renewal of each policy not less than thirty (30) days before expiration of the term of the policy. If Port is using an internet-based insurance compliance tracking system, Licensee’s broker shall complete the insurance questionnaire and submit all required documentation. Licensee shall, upon Port's request, promptly furnish Port with a complete copy of any insurance policy required hereunder.
(e) Not more often than every year and upon not less than sixty (60) days prior written notice, Port may require Licensee to increase the insurance limits set forth above or to provide other coverage and/or different coverage amounts as may be required by Law, the City's Risk Manager or as is generally required by commercial owners of buildings similar in size, character, age and ...
General Insurance Matters. All insurance coverage required under this Agreement shall:
11.5.1 Be issued by insurance companies admitted to do business in the State of California, or permitted to do business under the Surplus Line Law of the State of California, with a financial rating of at least an A:VII as rated in the most recent edition of Best’s Insurance Reports. Contractor shall notify District in writing if any of its insurer(s) have an A.M. Best rating of less than A:VII. At the option of District, either 1) District can accept the lower rating; or 2) Contractor shall be required to procure insurance from another insurer.
11.5.2 Except for professional liability policies, all insurance required by this Article shall contain standard separation of insureds provisions. In addition, such insurance shall not contain any special limitations on the scope of protection afforded to the District, its Board, its directors, officials, officers, employees and agents.
11.5.3 Contractor shall promptly notify the District of any materials change in the coverage, scope, or amount of any policy.
11.5.4 Except for professional liability policies for which primary coverage is not available, all such insurance shall be primary insurance. Any insurance of the District shall be excess coverage for benefit of the District only and non-contributory.
11.5.5 At all times while this Agreement remains in effect, Contractor shall maintain on file with the District valid and up to date certificates of insurance showing that the required insurance coverage is in effect in not less than the required amounts. If not contained on the face of the policy, endorsements signed by a person authorized by the insurer to bind coverage on its behalf, shall be separately provided. Each policy endorsement, copy, or a certificate of the policy executed by the insurance company, and evidence of payment of premiums for each policy shall be deposited with the District within twenty-one (21) Days of execution of this Agreement and prior to the commencement of Services, and on renewal of the policy, not less than twenty (20) Days before the expiration of the term of the policy.
11.5.6 If Contractor fails to provide or maintain the required insurance, the District may, at its sole and absolute discretion, obtain such insurance at the Contractor’s expense and deduct the premium from any fees or reimbursable expenses subsequently invoiced by Contractor.
11.5.7 Any deductibles or self-insured retentions in excess of $100,000 mu...
General Insurance Matters. (a) All liability insurance policies required to be maintained by Tenant hereunder shall contain a cross-liability clause, shall name as additional insureds by written endorsement the "CITY AND COUNTY OF SAN FRANCISCO AND THE SAN FRANCISCO PORT COMMISSION AND THEIR OFFICERS, DIRECTORS, EMPLOYEES AND AGENTS," shall be primary and non-contributory to any other insurance available to the additional insureds with respect to claims arising under this Lease, and shall provide that such insurance applies separately to each insured against whom complaint is made or suit is brought except with respect to the limits of the company's liability.
(b) As to earthquake insurance:
(i) during construction of the Initial Tenant Improvements, such insurance shall be in an amount at least equal to the maximum amount as is available at rates that are commercially reasonable for owners or operators of comparable restaurants located in the City and County of San Francisco, from recognized carriers (with a deductible of up to but not to exceed five percent (5%) of the then-current, full replacement cost of the Improvements or other property being insured pursuant thereto (including building code upgrade coverage and without any deduction being made for depreciation).
(ii) from and after Completion of the Initial Tenant Improvements, such insurance shall be in an amount at least equal to One Hundred percent (100%) of the maximum probable loss that would be sustained by the Premises as a result of an earthquake measuring 8.0 on the Xxxxxxx Scale, as determined not less frequently than every 5 years by the City's Risk Manager, but only at rates that are commercially reasonable for owners or operators of comparable restaurants located in the City and County of San Francisco.
(c) As to flood insurance only:
(i) During construction of the Initial Tenant Improvements, such insurance shall be in an amount at least equal to the maximum amount as is available at rates that are commercially reasonable for owners or operators of comparable restaurants located in the City and County of San Francisco, from recognized insurance carriers (with a deductible up to, but not to exceed fifteen percent (15%) of the then-current, full replacement cost of the Improvements or other property being insured pursuant thereto (including building code upgrade coverage and without any deduction being made for depreciation);
(ii) from and after Completion of the Initial Tenant Improvements, such insurance shall ...
General Insurance Matters. (i) All liability insurance policies required to be maintained by hereunder shall contain a cross-liability clause, shall name as additional insureds the "CITY AND COUNTY OF SAN FRANCISCO AND THE SAN FRANCISCO PORT COMMISSION AND THEIR OFFICERS, DIRECTORS, EMPLOYEES AND AGENTS," shall be primary to any other insurance available to the additional insureds with respect to claims arising under this MOU, and shall provide that such insurance applies separately to each insured against whom complaint is made or suit is brought except with respect to the limits of the company's liability.
(ii) All insurance policies required to be maintained by any entity as required herein shall be issued by an insurance company or companies reasonably acceptable to Port with an AM Best rating of not less than A-VIII and authorized to do business in the State of California. RPD's compliance with this Section shall in no way relieve or decrease RPD's liability under this MOU.
(iii) All insurance policies required to be maintained by any entity hereunder shall provide for thirty (30) days prior written notice of cancellation for any reason, intended non-renewal, or reduction in coverage to RPD and Port. Such notice shall be given in accordance with the notice provisions of Section 15.
(iv) RPD shall deliver to Port certificates of insurance and additional insured policy endorsements in a form satisfactory to Port evidencing the coverages required herein, together with evidence of payment of premiums, on or before the commencement date of any contractor sublease, and upon renewal of each policy not less than thirty (30) days before expiration of the term of the policy. RPD shall, upon Port's request, promptly furnish Port with a complete copy of any insurance policy required hereunder.
General Insurance Matters. The policies of insurance required to be maintained under SECTIONS 1 and 2 of this ARTICLE VI shall meet the following criteria:
(a) The policies of insurance shall be from a company rated in the A.M. Best Key Rating Guide with ratings of at least A and of at least X and such company shall be licensed to do business in the State of New York.
(b) The policies shall contain a provision that before any change or cancellation of a policy, at least ninety (90) days' advance written notice, either by regular mail or by certified mail, return receipt requested, shall be given (1) in the case of insurance under SECTION 1 above, to Ground Lessee, all Unit Owners and Registered Mortgagees, and (2) in the case of insurance under SECTION 2 above, to the Board of Managers. All policies for property insurance maintained by the Board of Managers under SECTION 1 above and by the Unit Owners under SECTION 2 above shall contain waivers of subrogation (and the Unit Owners shall require the same waivers from any subtenants of their Units). The Board of Managers and each Unit Owner, on its own behalf and on behalf of its subtenants, hereby releases all other Unit Owners and their respective subtenants with respect to any claim (including a claim for negligence) which the releasing party might otherwise have against such released parties for loss, damage or destruction to its Unit, or any property owned by the releasing party therein, or interruption of rents earned therefrom, in either case to the extent to which the releasing party is, or is required to be, insured under a policy or policies containing a waiver of subrogation as provided in this Section.
General Insurance Matters. All insurance required under Sections 10.4 and 10.5 of this Lease Agreement shall be carried only with responsible insurance companies having a rating by A.M. Best Company of A- or better, and shall:
(a) Name Landlord as an additional insured or additional loss payee, as applicable, and contain cross-liability endorsements;
(b) Contain a waiver of subrogation by the insurance company in favor of the landlord;
(c) Be primary as to Landlord and noncontributing with any insurance that may be carried by Landlord;
(d) Not provide for a deductible of more than Ten Thousand Dollars ($10,000.00);
(e) Be provided by insurance companies duly licensed in the State of Maryland and reasonably acceptable to Landlord; and
(f) Provide that they cannot be canceled or materially changed except after thirty (30) days' written notice by the insurer to Landlord.
General Insurance Matters. All liability insurance policies required to be maintained by the Embarcadero S.A.F.E. Navigation Center Operator hereunder shall contain a cross-liability clause, shall name as additional insureds by written endorsement the "CITY AND COUNTY OF SAN FRANCISCO AND THE SAN FRANCISCO PORT COMMISSION AND THEIR OFFICERS, DIRECTORS, EMPLOYEES AND AGENTS," shall be primary and non- contributory to any other insurance available to the additional insureds with respect to claims arising under this MOU, and shall provide that such insurance applies separately to each insured against whom complaint is made or suit is brought except with respect to the limits of the company's liability.
General Insurance Matters. At Landlord's request made not more frequently than once every two years during the Term, the amount of casualty and liability insurance shall be updated to provide adequate coverage in accordance with then-current industry standards. Each policy shall name Landlord and Landlord's lenders as additional named insureds, as their interests appear, and shall contain a clause that the insurer shall not cancel or materially change said policies without giving Landlord and Landlord's lenders at least thirty (30) days prior written notice. Each policy shall contain a waiver of any co-insurance clause. Tenant shall deliver certificates of insurance evidencing the insurance required to be carried by Tenant hereunder to Landlord within ten (10) days of the Commencement Date, and thereafter, upon Landlord's reasonable request. Tenant shall provide Landlord with evidence of renewals or "insurance binders" evidencing renewal of all insurance to be maintained by Tenant at least thirty (30) days prior to the expiration of such policies. If Tenant fails to do so, Landlord may obtain such insurance and charge the cost thereof to Tenant, which amount shall be payable by Tenant to Landlord upon demand and shall constitute Additional Rent. Any insurance policies required hereunder shall be written by insurance companies admitted and authorized to do business in the state I which the property is located, and rated A-IX by Best's Insurance Guide. If any policy of insurance to be maintained by either party shall contain a deductible clause, the deductible amount shall not exceed $1,000.00 per occurrence and the insured shall be liable for such deductible amount in the event of an insured loss. Tenant shall settle no claims under any policy of insurance required to be carried by either party under this Lease without the prior written approval of Landlord. If Lease is terminated pursuant to Section 21, all insurance proceeds relating to the damage or destruction of the Property shall be paid to Landlord.
General Insurance Matters. All insurance coverage required under this Agreement shall:
11.2.5.1 Be issued by insurance companies admitted to do business in the State of California, with a financial rating of at least an A:VII as rated in the most recent edition of Best’s Insurance Reports. Architect shall notify District in writing if any of its insurer(s) have an A.M. Best rating of less than A:VII. At the option of District, either 1) District can accept the lower rating; or 2) the Architect or Architect Consultant shall be required to procure insurance from another insurer.
11.2.5.2 Except for professional liability policies, all insurance required by this Section shall contain standard separation of insureds provisions. In addition, such insurance shall not contain any special limitations on the scope of protection afforded to the District, its directors, officials, officers, employees and agents.
General Insurance Matters. All liability insurance policies required to be maintained by Applicant, its Contractors or Invitees hereunder shall contain a cross-liability clause, shall be endorsed to name as additional insureds (or its equivalent) “THE CITY AND COUNTY OF SAN FRANCISCO AND THE SAN FRANCISCO PORT COMMISSION AND THEIR COMMISSIONERS, OFFICERS, DIRECTORS, EMPLOYEES AND AGENTS,” shall be primary to any other insurance available to the
(a) All insurance policies required to be maintained hereunder shall be issued by an insurance company or companies reasonably acceptable to Port. Applicant’s, its Contractors’ or Invitees’ compliance with this Section shall in no way relieve or decrease Applicant’s liability under this Agreement.
(b) All insurance policies required to be maintained hereunder shall provide for thirty (30) days prior written notice of cancellation or intended non-renewal or reduction in coverage to Applicant and Port.
(c) Applicant, its Contractors or Invitees as applicable shall deliver to Port certificates of insurance in a form satisfactory to Port, such as hard copy documentation or use of an internet-based insurance compliance tracking systems such as EXIGIS, evidencing the coverages required herein, together with evidence of payment of premiums. Applicant shall, upon Port’s request, promptly furnish Port with a complete copy of any insurance policy required hereunder.
(d) Port may accept Applicant’s or its Agents or Invitee’s entry into a Protection & Indemnity Club that is a member of the International Group with a deductible subject to Port’s approval in lieu of the third party commercial policies required above.
