Grantee’s Insurance Sample Clauses

Grantee’s Insurance. Grantee shall not commence any Cable System construction or reconstruction work or permit any subcontractor to commence work until both shall have obtained or caused to be obtained all insurance required under this Agreement and by law. Said insurance shall be maintained in full force and effect until the completion of reconstruction, and approval thereof by the Grantor.
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Grantee’s Insurance. Grantee shall purchase and maintain at its expense the following types of insurance, issued by companies licensed to do business in the Commonwealth or in jurisdictions with similar regulatory requirements:
Grantee’s Insurance. Grantee shall, at Grantee’s expense, procure and maintain throughout the Term of this Agreement a policy or policies of insurance in accordance with the terms and requirements set forth in Exhibit “B” to this Agreement. Grantee hereby waives its rights against the Grantor Group (defined in Item 24 of the Basic Colocation Information) with respect to any claims or damages or losses (including any claims for bodily injury to persons and/or damage to property) which are caused by or result from (i) risks insured against under any insurance policy carried by Grantee at the time of such claim, damage, loss or injury, or (ii) risks which would have been covered under any insurance required to be obtained and maintained by Grantee under this Agreement had such insurance been obtained and maintained as required; provided, however, that in no event shall Grantee be deemed to have waived its right against Grantor with respect to any claims or damages or losses (including any claims for bodily injury to persons and/or damage to property) which are caused by or result from the gross negligence or willful misconduct of any member of the Grantor Group. The foregoing waivers shall be in addition to, and not a limitation of, any other waivers or releases contained in this Agreement; provided, however, the foregoing waivers shall not apply to any claims, damages or losses arising from or related to the gross negligence or willful misconduct of Grantor or any member of the Grantor Group.
Grantee’s Insurance. Grantee shall, at its sole cost and expense, maintain Commercial General Liability Insurance covering claims of bodily injury, personal injury and property damage arising out of Xxxxxxx’s operations, assumed liabilities or use of the Easement Area, including a Broad Form Commercial General Liability endorsement covering
Grantee’s Insurance. Grantee shall, or shall cause any licensee or invitee operating within the Grantor Property to obtain and maintain commercially reasonable policies of insurance as may be reasonably requested by Grantor in connection with such parties’ use of the Riverwalk Easement. Grantor shall be named as an additional insured on all such insurance policies.
Grantee’s Insurance. The Grantee, at its own expense, shall provide and maintain in force during the term of this Agreement a policy or policies of general liability insurance with an aggregate limit of no less than [**]. Upon request of Grantee, and agreement on terms by Grantor, Grantee shall obtain such insurance for Grantee and Grantee shall comply with the agreed upon terms.
Grantee’s Insurance. (a) Each Grantee shall procure and maintain, at its own cost and expense, comprehensive general liability insurance, worker’s compensation insurance and any additional insurance required under applicable Law, including such insurance as the applicable Grantor is required to carry for its use at its Premises. All such insurance (except the worker’s compensation insurance) shall be endorsed to name the applicable Grantor, as well as any other Person required pursuant to agreements of such Grantor with independent third parties, as additional insured parties.
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Grantee’s Insurance. Grantee and/or project partners who are the owners or lessees of a vehicle shall purchase and maintain insurance, issued by companies licensed to do business in the Commonwealth or in jurisdictions with similar regulatory requirements: Automotive Liability Insurance, including bodily injury and property damage insurance, to protect the Commonwealth and Grantee from claims arising out of the performance of the grant activities. The amount of bodily injury insurance shall not be less than $1,000,000 for injury to or death of persons in a single occurrence. The amount of property damage insurance shall not be less than $500,000 per occurrence of property damage.

Related to Grantee’s Insurance

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Insurance and Condemnation Awards Unless and until the Discharge of Senior Obligations has occurred, the Designated Senior Representative and the Senior Secured Parties shall have the sole and exclusive right, subject to the rights of the Grantors under the Senior Debt Documents, (a) to be named as additional insured and loss payee under any insurance policies maintained from time to time by any Grantor, (b) to adjust settlement for any insurance policy covering the Shared Collateral in the event of any loss thereunder and (c) to approve any award granted in any condemnation or similar proceeding affecting the Shared Collateral. Unless and until the Discharge of Senior Obligations has occurred, all proceeds of any such policy and any such award, if in respect of the Shared Collateral, shall be paid (i) first, prior to the occurrence of the Discharge of Senior Obligations, to the Designated Senior Representative for the benefit of Senior Secured Parties pursuant to the terms of the Senior Debt Documents, (ii) second, after the occurrence of the Discharge of Senior Obligations, to the Designated Second Priority Representative for the benefit of the Second Priority Debt Parties pursuant to the terms of the applicable Second Priority Debt Documents and (iii) third, if no Second Priority Debt Obligations are outstanding, to the owner of the subject property, such other Person as may be entitled thereto or as a court of competent jurisdiction may otherwise direct. If any Second Priority Representative or any Second Priority Debt Party shall, at any time, receive any proceeds of any such insurance policy or any such award in contravention of this Agreement, it shall pay such proceeds over to the Designated Senior Representative in accordance with the terms of Section 4.02.

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