Insurance Against Public Liability and Property Damage Sample Clauses

Insurance Against Public Liability and Property Damage. The Debtor covenants and agrees that it will, without cost to the Secured Party, maintain or cause to be maintained in effect with respect to the Equipment throughout the term of this Security Agreement with such underwriters and under the broadest policy forms currently available from time to time and carried by prudent owners of similar equipment engaged in similar community repeater operations (at the time of issue of the policies in question) and approved by the Secured Party in accordance with applicable law, commercial general liability insurance policies insuring against liabilities for any injury to the person of others and any damage to the property of others arising from such risks, with such reasonable deductibles and in such amounts as shall be approved by the Secured Party. Any insurance policies maintained in accordance with this Section 5.02 shall include the Secured Party as an additional insured without liability for the payment of premiums. Each such policy shall also include effective waivers by the insurer of all claims for insurance premiums against the Secured Party. All provisions of the liability insurance policies, except for the limits of liability, shall operate in the same manner as if there were a separate police of insurance covering each insured. Furthermore, each such policy shall provide or be endorsed to provide that violation of the terms, conditions or warranties of any policy of insurance by the Debtor shall not invalidate any such insurance coverage insofar as the interests of the Secured Party are concerned.
Sample 1
Insurance Against Public Liability and Property Damage. The Grantor will maintain or cause to be maintained in effect, with insurers satisfactory to the Indenture Trustees, insurance policies with respect to the Granted Property, insuring against liability for loss or damage to the Person or property of others from such risks and in such amounts as are customarily carried by companies owning property of a similar character and engaged in a business similar to that engaged in by the Grantor; provided, however, that in no event shall the insurance maintained in accordance with this paragraph be less than an aggregate of $25,000,000 for claims arising out of a single occurrence and not less than $25,000,000 in the aggregate for all claims made in any policy year. All such insurance shall protect the Indenture Trustees and the Grantor in respect of risks arising out of the condition, maintenance, use, ownership or operation of the Granted Property. The Grantor will indemnify the Indenture Trustees and the holders of the Notes from any and all liability imposed against said Indenture Trustees and the holders of the Notes arising out of the condition, maintenance, use, ownership or operation of the Granted Property.
Sample 1
Insurance Against Public Liability and Property Damage. The Mortgagor will maintain or cause to be maintained in effect, with insurers satisfactory to the Mortgagee, insurance policies with respect to the Mortgaged Property, insuring against liability for loss or damage to the Person or property of others from such risks and in such amounts as are customarily carried by companies owning property of a similar character and engaged in a business similar to that engaged in by the Mortgagor; provided, however, that in no event shall the insurance maintained in accordance with this paragraph be less than an aggregate of $25,000,000 for claims arising out of a single occurrence and not less then $25,000,000 in the aggregate for all claims made in any policy year. All such insurance shall protect the Mortgagee and the Mortgagor in respect of risks arising out of the condition, maintenance, use, ownership or operation of the Mortgaged Property. The Mortgagor will indemnify the Mortgagee and holders of the Noes from any and all liability imposed against said Mortgagee and holders of the Notes arising out of the condition, maintenance, use, ownership or operation of the Mortgaged Property.
Sample 1
Insurance Against Public Liability and Property Damage. Without cost to any Secured Party, the Partnership shall maintain or cause to be maintained in effect at all times with responsible insurers authorized to do business in the State of Virginia with a Best's rating of "A-" or better (except for policies underwritten by Lloyds of London and other approved companies acceptable to the Agent) insurance policies with respect to the Project insuring against liability for death of, or loss, injury or damage to, the person or property of others from such risks, in such form as shall at all times be satisfactory to the Agent and in such amounts as the Partnership
Sample 1
Insurance Against Public Liability and Property Damage. The Borrower will maintain in effect, with insurers reasonably satisfactory to the Lender, insurance with respect to Public Liability and Property Damage which it would, in the prudent management of its operations, maintain; provided, however, that in no event shall the insurance maintained in accordance with this subsection 2.10 (b) be less than $2,000,000 under a single limit liability for each loss; and provided, further, that such insurance may provide for a deductible amount not to exceed $5,000.00. The Borrower shall cause the insurers with whom it maintains such insurance to advise the Lender in writing promptly of any default in the payment of any premiums or any other act or omission on the part of the Borrower of which they have knowledge and which might invalidate or render unenforceable, in whole or in part, any such insurance. The Borrower shall also cause such insurers to advise the Lender in writing, at least thirty (30) days prior thereto, of the expiration or termination of any such insurance.
Sample 1
Insurance Against Public Liability and Property Damage. Lessee, at its sole cost and expense, shall maintain throughout the Term and thereafter until the Facility is returned to Lessor pursuant to Section 12(a) hereof, comprehensive general liability insurance against claims for bodily injury or death or property damage arising out of the use, possession, operation or condition of the Facility in such scope as shall be reasonably acceptable to the Lessor and the Agent and in such form, such amounts (but in any event at least $5,000,000) and against such risks as shall be consistent with large, creditworthy corporate insureds' practices and with insurers rated "A-" or better and with a financial rating of IX or better by A.M. Best & Co. (or other insurer reasonably satisfactory to Lessor and the Agent). Notwithstanding the provisions of this paragraph the Lessee may self insure, by means of deductibles or otherwise, against the risks referred to in this paragraph in an annual aggregate (or, if such policies containing aggregate annual deductibles are not commercially available on reasonable terms, per occurrence) amount not in excess of $100,000.
Sample 1
Insurance Against Public Liability and Property Damage. PDC covenants that it will, without cost to the Bank, maintain or cause to be maintained in effect for the Rigs throughout the term of this Security Agreement commercial general liability and pollution liability insurance policies with reputable and solvent insurance companies, insuring against liabilities for any injury to the person of others and any damage to the property of others arising from those risks, with reasonable deductibles (not in excess of $100,000 including any self-insurance) and in
Sample 1

Related to Insurance Against Public Liability and Property Damage

  • Public Liability and Property Damage Insurance LESSEE will carry and maintain in effect, at its own expense, with Approved Insurers, public liability insurance (including, without limitation, contractual liability, and passenger legal liability), and property damage insurance with respect to the Aircraft, in amounts per occurrence of not less than the Minimum Liability Coverage, or such greater amounts as LESSEE may carry from time to time on other similar aircraft in its fleet. LESSEE shall not discriminate against the Aircraft in providing such insurance. Each and any policy of insurance carried in accordance with this Subsection (A), and each and any policy obtained in substitution or replacement for any of such policies, (i) shall designate each Indemnitee as additional insureds as their interests may appear (but without imposing upon any obligation imposed upon the insured, including, without limitation, the liability to pay any premiums for any such policies, but the Indemnitees shall have the right to pay such premiums if it shall so elect), and (ii) shall expressly provide that, in respect of the interests of the Indemnitees in such policies, the insurance shall not be invalidated by any action or inaction of the LESSEE or any other Person (other than the Indemnitees, each for their respective interests), and shall insure, regardless of any breach or violation by LESSEE or any other Person (other than the Indemnitees, each for their respective interests) of any warranty, declaration or condition contained in such policies, (iii) shall provide that if such insurance is canceled for any reason whatsoever, or is adversely changed in any way with respect to the interests of the Indemnitees, or if such insurance is allowed to lapse for nonpayment of premium, such cancellation, change or lapse shall not be effective as to the Indemnitees for thirty (30) days (seven (7) days in the case of any war risks and allied perils coverage or such lesser time which may be standard in the insurance industry and ten (10) days in the event of nonpayment of premium), in each instance, after receipt by each of the Indemnitees of written notice by such insurer or insurers sent to the Indemnitees of such prospective cancellation, change or lapse, (iv) shall include coverage for any country in which the Aircraft is located, (v) shall provide that, as against the Indemnitees, the insurer shall waive any rights of set-off, counterclaim or any other deduction, whether by attachment or otherwise, and waives any rights it may have to be subrogated to any right of any insured against the Indemnitees, with respect to the Aircraft, (vi) shall provide war risk and allied perils coverage pursuant to the AVN52 extended coverage endorsement or its equivalent, and (vii) shall insure (to the extent of the risks covered by the policies) the indemnity provisions of Section 14. Each liability policy shall be primary without right of contribution from any other insurance which may be carried by any Indemnitee, and shall expressly provide that all of the provisions thereof (except the limits of liability) shall operate in the same manner as if there were a separate policy covering each insured. No liability policy shall permit any deductible or self-insurance provision except for baggage as is customary in the industry and such other deductibles only with the consent of the LESSOR, which consent shall not be unreasonably withheld or delayed, which from time to time LESSEE can demonstrate are standard in comprehensive liability insurance and, in particular, public liability risks (including, inter alia, contractual liability and passenger liability coverage) for U.S. Air Carriers in the then current United States insurance market.

  • General Liability and Property Damage With respect to all operations performed under this Agreement, the Party shall carry general liability insurance having all major divisions of coverage including, but not limited to:

  • Insurance, Subcontractor's Public Liability and Property Damage The Contractor shall require each of its subcontractors to secure and maintain during the life of the subcontract, insurance of the type specified in this Contract, or, the Contractor may insure the activities of its subcontractors in the Contractor’s policy, as specified in this Contract.

  • The General Liability and Property Damage coverages required for performance of this Agreement shall include the State of Vermont and its agencies, departments, officers and employees as Additional Insureds. If performance of this Agreement involves construction, or the transport of persons or hazardous materials, then the required Automotive Liability coverage shall include the State of Vermont and its agencies, departments, officers and employees as Additional Insureds. Coverage shall be primary and non-contributory with any other insurance and self-insurance.

  • Public Liability Insurance (a) The public liability insurance referred to in paragraph 12.1(b) shall (i) provide that in as much as such policies cover more than one insured, all terms, conditions, insuring agreements and endorsements, with the exception of limits of liability, deductibles or retentions and liability for premiums, commissions, assessments or calls (which shall be solely a liability of Lessee), shall operate in the same manner as if there were a separate policy or policies covering each insured, (ii) waive any rights of subrogation of the insurers against Owner Participant, Lessor, the Trust Company, the Indenture Trustee, the Policy Provider and Loan Participant (iii) provide that neither Owner Participant, Lessor, the Trust Company, the Policy Provider, the Indenture Trustee nor Loan Participant shall have any responsibility for any insurance premiums, whether for coverage before or after cancellation or termination of any such policies as to Lessee and (iv) be primary without contribution from any similar insurance maintained by Owner Participant, Lessor, the Trust Company, the Indenture Trustee, the Policy Provider or Loan Participant. (b) Lessee shall use its reasonable efforts to obtain public liability insurance policies which stipulate that coverage thereunder will not be invalidated (as to Owner Participant, Loan Participant, Lessor, as Lessor of the Units and in its individual capacity, and the Indenture Trustee) by any act or neglect of Lessee, or any breach or violation by Lessee of any warranties, declarations or conditions contained in such policies, but shall be under no obligation to obtain such policies containing such stipulations if they are not available to Lessee at commercially reasonable rates in the markets in which Lessee has then placed its insurance program. (c) In the event any public liability insurance policy or coverage thereunder which are required to be maintained under Section 12.1(b) shall not be available to Lessee in the commercial insurance market on commercially reasonable terms, Lessor shall not unreasonably withhold its agreement to waive such requirement. Lessee shall make written request for any such waiver in writing, accompanied by written reports prepared, at Lessee's option, either by (i) one independent insurance advisor chosen by Lessee and Lessor or (ii) three independent insurance advisors, one chosen by Lessor, one chosen by Lessee and one chosen by the other two advisors (one of which may be the regular insurance broker or brokers of Lessee). The fees and expenses of all such advisors shall be paid by Lessee. The written reports required hereunder shall unanimously (x) state that such insurance (or the required coverage thereunder) is not reasonably available to Lessee at commercially reasonable premiums in the commercial insurance markets within which Lessee or the Manager normally purchases its insurance from insurers, acceptable to Lessee, with "A.M. Best's" rating of A- or better for railcars of similar type and capacity and (y) explain in detail the basis for such conclusions. At any time after the granting of such waiver, but not more often than once a year, Lessor may make a written request for a supplemental report (in form reasonably acceptable to Lessor) from such insurance advisor(s) updating the prior report and reaffirming the conclusions set forth therein. Lessee shall provide any such required supplemental report within 60 days after receipt of the written request therefor. Any such waiver shall be effective for only as long as such insurance is not reasonably available to Lessee in the commercial markets in which Lessee normally purchases its insurance at commercially reasonable rates, it being understood that the failure of Lessee to furnish timely any such supplemental report shall be conclusive evidence that such condition no longer exists. If such supplemental report shows that such coverage is available, Lessee shall within 90 days of such report obtain such insurance coverage. During any period with respect to which such waiver has been granted and remains in effect under this Section 12.3(c), Lessee shall obtain public liability insurance as set forth in Section 12.1(b) from such carriers, in such amounts and with coverage limits and deductibles as may be reasonable in its judgment under the circumstances, but in any event (i) no less than prudent industry standards and (ii) in an amount that may be purchased for a premium equal to 200% of Lessee's cost (on a fleet-wide basis) of public liability insurance premiums for the coverage on a fleet-wide basis required by Section 12.1(b) for the final year immediately preceding the fiscal year in which such waiver first was granted.

  • Excess Public Liability Insurance over and above the Employers’ Liability Commercial General Liability and Comprehensive Automobile Liability Insurance coverage, with a minimum combined single limit of Twenty Million Dollars ($20,000,000) per occurrence/Twenty Million Dollars ($20,000,000) aggregate.

  • Property Damage Lessee shall obtain and maintain insurance coverage on all of Lessee's personal property, Trade Fixtures, and Lessee Owned Alterations and Utility Installations. Such insurance shall be full replacement cost coverage with a deductible of not to exceed $1,000 per occurrence. The proceeds from any such insurance shall be used by Lessee for the replacement of personal property, Trade Fixtures and Lessee Owned Alterations and Utility Installations. Lessee shall provide Lessor with written evidence that such insurance is in force.

  • Pollution Liability Insurance Environmental Impairment Liability Insurance shall be written on a Contractor’s Pollution Liability form or other form acceptable to the City providing coverage for liability arising out of sudden, accidental, and gradual pollution and remediation. The policy limit shall be no less than $1,000,000 dollars per claim and in the aggregate. All activities contemplated in this Agreement shall be specifically scheduled on the policy as “covered operations”. The policy shall provide coverage for the hauling of waste from the Project site to the final disposal location, including non-owned disposal sites.

  • Public Liability In the event of a claim brought against the contractor / consultant for 3rd party property damage the contractor / consultant will be responsible for a deductible (excess) of R525 000 • In the event of a claim brought against the contractor / consultant for removal of lateral support, the contractor / consultant will be responsible for a deductible (excess) of R750 000 • In the event of a claim brought against the contractor / consultant for damage to aircraft, the contractor / consultant will be responsible for a deductible (excess) of R750 000 • Contractors / consultants may re-insure the deductibles

  • Products and Completed Operations Personal Injury Liability Contractual Liability The policy shall be on an occurrence form and limits shall not be less than: $1,000,000 Each Occurrence $2,000,000 General Aggregate $1,000,000 Products/Completed Operations Aggregate $1,000,000 Personal & Advertising Injury

Most Referenced Clauses

Most Referenced Definitions