Common use of General Insurance Clause in Contracts

General Insurance. Lessee hereby agrees to insure the equipment with an insurance carrier for the full value thereof; and shall name Lessor as an additional insured and loss payee on their liability and equipment policies and shall provide Lessor with a Certificate of Insurance upon demand by Lessor or upon hire of the equipment. The insurance shall cover loss or damage in the Continental U.S. or abroad, in transit or otherwise. Lessee must notify Lessor of Lessees intention to use equipment outside the continental U.S., and gain their permission to do so. For rentals outside the U.S., Xxxxxx is responsible for prepayment of all customs duties, excise taxes, brokerage charges, shipping fees and taxes and/or other charges that may be imposed by any country. Any additional equipment rentals needed, due to impound or delays in shipping or customs are the responsibility of the Lessee. Lessee hereby acknowledges that daily rental charges shall accrue for time in transit, including time equipment may be in the hands of customs and are the responsibility of Lessee. Should Lessee fail to procure or pay the cost of maintaining in force the insurance specified in the terms of this Agreement, or to provide the Lessor upon hire of the equipment with satisfactory evidence of insurance, the Lessor may, but shall not be obligated to, procure the insurance and Xxxxxx shall reimburse the Lessor on demand for its cost. Lapse or cancellation of the required insurance shall be an immediate and automatic breach of this agreement. Lessee shall also be liable for any loss or damage sustained by Lessor including but not limited to the daily rental value of the equipment from the pick-­‐up date until return, repair, and/or replacement

General Insurance. Lessee hereby agrees to insure the equipment with an insurance carrier for the full value thereof; and shall name Lessor as an additional insured and loss payee on their liability and equipment policies and shall provide Lessor with a Certificate of Insurance upon demand by Lessor or upon hire of the equipment. The insurance shall cover loss or damage in the Continental U.S. or abroad, in transit or otherwise. Lessee must notify Lessor of Lessees intention to use equipment outside the continental U.S., and gain their permission to do so. For rentals outside the U.S., Xxxxxx Lessee is responsible for prepayment of all customs duties, excise taxes, brokerage charges, shipping fees and taxes and/or other charges that may be imposed by any country. Any additional equipment rentals needed, due to impound or delays in shipping or customs are the responsibility of the Lessee. Lessee hereby acknowledges that daily rental charges shall accrue for time in transit, including time equipment may be in the hands of customs and are the responsibility of Lessee. Should Lessee fail to procure or pay the cost of maintaining in force the insurance specified in the terms of this Agreement, or to provide the Lessor upon hire of the equipment with satisfactory evidence of insurance, the Lessor may, but shall not be obligated to, procure the insurance and Xxxxxx Lessee shall reimburse the Lessor on demand for its cost. Lapse or cancellation of the required insurance shall be an immediate and automatic breach of this agreement. Lessee shall also be liable for any loss or damage sustained by Lessor including but not limited to the daily rental value of the equipment from the pick-­‐up pick-up date until return, repair, and/or replacement

General Insurance. Lessee Xxxxxx hereby agrees to insure the equipment with an insurance carrier for the full fill value thereof; and shall name Lessor Rentor as an additional insured and loss payee on their liability and equipment policies and shall provide Lessor Rentor with a Certificate of Insurance upon demand by Lessor Rentor or upon hire of the equipment. The insurance shall cover loss or damage in the Continental U.S. or abroad, in transit or otherwise. Lessee Rentee must notify Lessor Rentor of Lessees Xxxxxx’s intention to use equipment outside the continental U.S., and gain their permission to do so. For rentals outside the U.S., Xxxxxx is responsible for prepayment of all customs duties, excise taxes, brokerage charges, shipping fees and taxes and/or other charges that may be imposed by any country. Any additional equipment rentals needed, ; due to impound or delays in shipping or customs are the responsibility of the LesseeRentee. Lessee Rentee hereby acknowledges that daily rental charges shall accrue for time in transit, including time equipment may be in the hands of customs and are the responsibility of LesseeRentee. Should Lessee Rentee fail to procure or pay the cost of maintaining in force the insurance specified in the terms of this his Agreement, or to provide the Lessor Rentor upon hire of the equipment with satisfactory evidence of insurance, the Lessor Rentor may, but shall not be obligated to, procure the insurance and Xxxxxx Rentee shall reimburse the Lessor Rentor on demand for its cost. Lapse Lapsed or cancellation of the required insurance shall be an immediate and automatic breach of this agreement. Lessee Rentee shall also be liable for any loss or damage sustained by Lessor Rentor including but not limited to the daily rental value of the equipment from the pick-­‐up pick-up date until return, repair, and/or replacement.

General Insurance. Lessee hereby agrees to insure the equipment with an insurance carrier for the full value thereof; and shall name Lessor as an additional insured and loss payee on their liability and equipment policies and shall provide Lessor with a Certificate of Insurance upon demand by Lessor or upon hire of the equipment. The insurance shall cover loss or damage in the Continental U.S. or abroad, in transit or otherwise. Lessee must notify Lessor of Lessees intention to use equipment outside the continental U.S., and gain their permission to do so. For rentals outside the U.S., Xxxxxx is responsible for prepayment of all customs duties, excise taxes, brokerage charges, shipping fees and taxes and/or other charges that may be imposed by any country. Any additional equipment rentals needed, due to impound or delays in shipping or customs are the responsibility of the Lessee. Lessee hereby acknowledges that daily rental charges shall accrue for time in transit, including time equipment may be in the hands of customs and are the responsibility of Lessee. Should Lessee fail to procure or pay the cost of maintaining in force the insurance specified in the terms of this Agreement, or to provide the Lessor upon hire of the equipment with satisfactory evidence of insurance, the Lessor may, but shall not be obligated to, procure the insurance and Xxxxxx shall reimburse the Lessor on demand for its cost. Lapse or cancellation of the required insurance shall be an immediate and automatic breach of this agreement. Lessee shall also be liable for any loss or damage sustained by Lessor including but not limited to the daily rental value of the equipment from the pick-­‐up pick‐up date until return, repair, and/or replacement.

General Insurance. Lessee hereby agrees to insure the equipment with an insurance carrier for the full value thereof; and shall name Lessor as an additional insured and loss payee on their liability and equipment policies and shall provide Lessor with a Certificate of Insurance upon demand by Lessor or upon hire of the equipment. The insurance shall cover loss or damage in the Continental U.S. or abroad, in transit or otherwise. Lessee must notify Lessor of Lessees intention to use equipment outside the continental U.S., and gain their permission to do so. For rentals outside the U.S., Xxxxxx Lessee is responsible for prepayment of all customs duties, excise taxes, brokerage charges, shipping fees and taxes and/or other charges that may be imposed by any country. Any additional equipment rentals needed, due to impound or delays in shipping or customs are the responsibility of the Lessee. Lessee hereby acknowledges that daily rental charges shall accrue for time in transit, including time equipment may be in the hands of customs and are the responsibility of Lessee. Should Lessee fail to procure or pay the cost of maintaining in force the insurance specified in the terms of this Agreement, or to provide the Lessor upon hire of the equipment with satisfactory evidence of insurance, the Lessor may, but shall not be obligated to, procure the insurance and Xxxxxx Lessee shall reimburse the Lessor on demand for its cost. Lapse or cancellation of the required insurance shall be an immediate and automatic breach of this agreement. Lessee shall also be liable for any loss or damage sustained by Lessor including but not limited to the daily rental value of the equipment from the pick-­‐up date until return, repair, and/or replacement