General Policy Requirements. Developer shall name District as an additional insured under all policies of liability insurance identified above. Any deductibles with respect to the foregoing insurance policies shall be commercially reasonable. All such policies shall include a waiver of subrogation endorsement. All insurance policies required pursuant to this Section 10.1 shall be written as primary policies, not contributing with or in excess of any coverage that District may carry. Such insurance shall be obtained through a recognized insurance company licensed to do business in the District of Columbia and rated by A.M. BEST as an A-X or above. Prior to any entry onto the Property at any time pursuant to this Agreement, Developer shall furnish to District certificates of insurance (or copies of the policies if requested by District) together with satisfactory evidence of payment of premiums for such policies. The policies shall contain an agreement by the insurer notifying District in writing, by certified U.S. Mail, return receipt requested, not less than thirty (30) days before any material change, reduction in coverage, cancellation, including cancellation for nonpayment of premium, or other termination thereof or change therein.
General Policy Requirements. Developer shall name District of Columbia acting by and through Department of Housing and Community Development as an additional insured under all policies of liability insurance identified above. Any deductibles with respect to the foregoing insurance policies shall be commercially reasonable. All such policies shall include a waiver of subrogation endorsement. All insurance policies required pursuant to this Section 10.1 shall be written as primary policies, not contributing with or in excess of any coverage that District may carry. Such insurance shall be obtained through a recognized insurance company licensed to do business in the District of Columbia and rated by A.M. BEST as an A-X or above. Prior to any entry onto the Property at any time pursuant to this Agreement, Developer shall furnish to District certificates of insurance (or copies of the policies if requested by District) together with satisfactory evidence of payment of premiums for such policies. The policies shall contain an agreement by the insurer notifying District in writing, by certified U.S. Mail, return receipt requested, not less than thirty (30) days before any material change, reduction in coverage, cancellation, including cancellation for nonpayment of premium, or other termination thereof or change therein.
General Policy Requirements. A. Insurance Carriers must be licensed and authorized to do business in the State of Texas, and must be A. M. Best-rated A- VIII or better.
General Policy Requirements. Developer shall name District as an additional insured under all policies of liability insurance identified above except Workers’ Compensation Insurance. Any deductibles with respect to the foregoing insurance policies shall be commercially reasonable. All such policies shall include a waiver of subrogation endorsement, if obtainable. All insurance policies required pursuant to this Section 12.1 shall be written as primary policies, not contributing with or in excess of any coverage that District may carry. Such insurance shall be obtained through a recognized insurance company licensed to do business in the District of Columbia and have an A.M. BEST Company rating of A-:VIII or above. Prior to any entry onto the Property at any time pursuant to this Agreement, Developer shall furnish to District certificates of insurance evidencing the coverage required herein above, together with reasonably satisfactory evidence of payment of premiums for such policies. Developer shall ensure that all policies provide that the District shall be given thirty (30) days’ prior written notice in the event the stated limit in the declarations page of the policy is reduced via endorsement or the policy is canceled prior to the expiration date shown on the certificate. Developer or its insurance company shall provide the District with ten (10) days prior written notice in the event of non-payment of premium. If Developer or Developer’s Agents maintain additional dedicated insurance limits (but not insurance limits that apply to projects or activities not undertaken under this Agreement) that are higher than are required under Section 12.1, such additional limits shall be subject to the requirements set forth in this Section.
General Policy Requirements. Developer shall name District as an additional insured under all policies of liability insurance identified above except Workers’ Compensation Insurance. Any deductibles with respect to the foregoing insurance policies shall be commercially reasonable. All such policies shall include a waiver of subrogation endorsement. All insurance policies required pursuant to this Section 11.1 shall be written as primary policies, not contributing with or in excess of any coverage that District may carry. Such insurance shall be obtained through a recognized insurance company licensed to do business in the District of Columbia and rated by A.M. BEST as an A-VIII or above. Prior to any entry onto the Property at any time pursuant to this Agreement, Developer shall furnish to District certificates of insurance (or copies of the policies if requested by District) together with satisfactory evidence of payment of premiums for such policies. The policies shall contain an agreement by the insurer to provide written notice to District, by overnight carrier or U.S. Certified Mail, return receipt requested, not less than thirty (30) days before any material change, reduction in coverage, cancellation, including cancellation for nonpayment of premium, or other termination thereof or change therein.
General Policy Requirements. Each required insurance policy must be written by a financially responsible company with an A.M. Best rating of A- or better that is authorized to do business in the state in which the Work is performed. Grantee shall ensure that the commercial general liability and commercial automobile liability policies required hereunder shall identify Bank, the project manager for the Work (if any), and any other party reasonably requested by Bank as additional insured(s). Policies for such insurance shall provide that such insurance is primary and that any other insurance or self-insurance available to Bank is in excess of and non- contributory to the insurance provided by Grantee. Compliance by Grantee with the foregoing insurance requirements shall not relieve it from liability for amounts in excess of the limits of insurance.
General Policy Requirements. Except as provided elsewhere in this Article 7, all insurance required by this Agreement shall be maintained with companies rated by A.M. Best "A" or better unless agreed to in writing by AGLC. As soon as possible after placing each policy under the Insurance Program, ThermoRetec shall furnish certificates of insurance to AGLC which will evidence the procurement of the insurance required hereunder. Each certificate shall provide that 30 days written notice shall be given to AGLC in the event of cancellation or material change to the coverage. ThermoRetec shall obtain, and cause its subcontractors to obtain, a waiver of subrogation in favor of AGLC with regard to the coverage in Section 7.4. ThermoRetec will require all subcontractors or consultants performing a part of the Services to carry insurance of similar types as required of ThermoRetec in this Section 7.4, provided that the Program Directors may modify the levels of coverage required of a given subcontractor or consultant based upon perceived risk, so long as such decision is made by the Program Directors in writing. Further, any subcontractor's obligation to maintain coverage in force beyond the end of the policy period during which work was performed shall be limited to two years from the time such subcontractor has completed all its work included in the Services.
General Policy Requirements. Except for Worker's Compensation, the insurance policies required above shall name Owner as an additional insured and shall be in effect at all times during the term of this Agreement and for two (2) years after the date of Substantial Completion of the Work. All the insurance policies required above shall be primary (and any insurance maintained by Owner shall be excess insurance only); shall include only such deductible amounts as Owner shall reasonably approve; and shall provide that Owner shall receive a minimum of 30 days' advance notice of cancellation or alteration. If Contractor does not replace such insurance within the 30 day period, Owner shall have the right, but not the obligation, to procure replacement insurance for Contractor, at Contractor's cost (except to the extent the cost would have been a Cost of the Work if Contractor had properly obtained the required insurance). Contractor shall furnish Owner with copies of the insurance policies and/or certificates showing that all insurance described above is being maintained by Contractor. The certificates shall include the Project name as shown on drawings and Project address, and the holder thereof shall be listed as follows: Risk Management Department Altera Corporation 2610 Xxxxxxx Xxxxxxx Xxx Xxxx, XX 00000-0000
General Policy Requirements. Licensee’s Insurance Policy must: (i) be issued on an occurrence (not claims-made) basis; (ii) contain an endorsement that such policy shall remain in full force and effect, notwithstanding that the insured has released its right of action against any Party before the occurrence of a loss; (iii) provide that the actions or omissions of any insured Party shall not invalidate the coverage afforded to any other insured Party or otherwise adversely affect the rights of any insured Party under the policy; (iv) add as additional insureds Licensor and its elected and appointed officials and officers, and any other persons or entities designated by Licensor upon notice to Licensee; (v) provide that such policy is primary to any insurance available to, or carried by, Licensor or Licensor’s additional insureds and that the insurance of Licensor and Licensor’s additional insureds shall be noncontributing thereto; (vi) issued by an insurance company licensed to do business in the Commonwealth of Virginia; and
General Policy Requirements. Licensee’s Insurance Policy must: (i) be issued on an occurrence (not claims-made) basis; (ii) contain an endorsement that such policy shall remain in full force and effect, notwithstanding that the insured has released its right of action against any Party before the occurrence of a loss; (iii) provide that the actions or omissions of any insured Party shall not invalidate the coverage afforded to any other insured Party or otherwise adversely affect the rights of any insured Party under the policy; (iv) add as additional insureds Licensor and its elected and appointed officials and officers, and any other persons or entities designated by Licensor upon notice to Licensee; (v) provide that such policy is primary to any insurance available to, or carried by, Licensor or Licensor’s additional insureds and that the insurance of Licensor and Licensor’s additional insureds shall be noncontributing thereto; (vi) issued by an insurance company licensed to do business in the Commonwealth of Virginia; and (vii) provide that it may not be canceled, non-renewed, suspended, voided, or reduced in coverage or in limits except after thirty (30) days’ prior written notice to Licensor except in the event of any nonpayment of premium, in which event the minimum termination notice shall be ten (10) days.
