Insurance and Guarantees Sample Clauses

Insurance and Guarantees. The Seller will cooperate fully and in a timely manner with the Buyer in connection with: (i) the filing of any claims with an insurer or guarantor or any agent of any insurer or guarantor under any insurance policy or guaranty affecting a Mortgagor or any of the Mortgaged Property; (ii) supplying any additional information as may be requested by the Buyer or any such agent or insurer in connection with the processing of any such claim; (iii) the execution or endorsement of any check or draft made payable to the Seller representing proceeds from any such claim and (iv) the sale of any Mortgage Loan under a Takeout Commitment. The Seller shall take all such actions as may be reasonably requested by the Buyer to protect the rights of the Buyer in and to any proceeds under any and all of the foregoing insurance policies. The Seller shall not take or cause to be taken any action which would impair the rights of the Buyer in and to any proceeds under any of the foregoing insurance policies.
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Insurance and Guarantees. 4.1. The Supplier is responsible for the delivery of the equipment to the destination: village Gomarduli, Shuakhevi municipality, Ajara, Georgia; 4.2. The supplier shall ensure the property owner's liability insurance until the date of final acceptance and delivery act signature. 4.3. The Supplier is responsible for the transportation process including any transit taxes on the way to Georgia and its appropriate insurance. 4.4. The Supplier shall be responsible for suitable packing for surface transportation. 4.5. The Supplier shall be responsible for appropriate insurance of the Equipment transportation and delivery up to the site (CIP village Gomarduli, Ajara, Georgia). 4.6. The Supplier shall be responsible for and shall pay all expenses relating to any disease contracted or injury sustained by the SUPPLIER’s employees when they are acting within the scope of the present Contract. 4.7. The Supplier warrants that the Equipment shall be made of first class materials, executed with first class workmanship, brand new and unused, and that, when installed, it shall comply in all respects with the quality standards and specifications set forth in the present Contract and the Annexes attached hereto and to EU ropeway regulations respectively CEN-norms as far as this is applicable for this project and shall be capable of continuous operation at maximum speed and capacity. 4.8. The Equipment, with the exception of the seals and wear parts, is guaranteed for a period of 2 (two) year from the date of signing acceptance and delivery act, This guarantee consists of the pure and simple exchange of parts recognized as being defective or of their reconditioning in a workshop recommended or accepted by the Supplier in the shortest possible time. 4.9. All rejected defective goods or parts transfer to the supplier at the supplier’s expense. 4.10. The guarantee shall become null and void and the Supplier shall be discharged of any liability: a) If parts have been replaced by the Buyer by unapproved parts of other origin; b) If the lift has been transformed or modified in any manner whatsoever without the approval of the SUPPLIER; c) If the damage is due to negligence, incorrect use, incorrect maintenance; d) If the operating and inspection logbooks are not kept up to date; e) If incidents are due to natural causes, including but not limited to avalanches, landslides or subsidences, excessive accumulation of snow or ice, earthquakes or tornadoes; 4.11. The Supplier’s liabilit...
Sample 1
Insurance and Guarantees. 41.1 The guarantees and insurance listed in the INSURANCE PLAN and in the GUARANTEE 41.2 The unjustified impossibility or difficulty by the AWARDING AUTHORITY to enforce the insurance and guarantees in the events that allow for such enforcement may give rise to the forfeiture of the AGREEMENT, in accordance with the provisions hereof. 41.3 The reference amounts for the calculation of INSURANCE and GUARANTEES must have as reference the base date of submission of the PRICE BID, and must be adjusted annually considering the variation of the IPCA/IBGE [Extended Consumer Price Index published by the Brazilian Institute of Geography and Statistics] over the period. 42.1 The CONCESSIONAIRE shall, throughout the CONCESSION PERIOD, carry and maintain, 42.2 The AWARDED BIDDER presented, as a condition for the signature of this AGREEMENT, the INSURANCE PLAN attached to the AGREEMENT, which harmonizes the INSURANCE coverage amounts with the PHYSICAL/FINANCIAL TIMETABLE. 42.3 The INSURANCE PLAN attached to this AGREEMENT must meet the following guidelines: The coverage amounts related to the risks of the phases of Initial Works, Recovery, Maintenance, and Improvement and Capacity Expansion Works shall vary, over the CONCESSION PERIOD, in accordance with: 42.3.1.1 The PHYSYCAL/FINANCIAL TIMETABLE of investments presented by the WINNING BIDDER in the BUSINESS PLAN as a condition for the ratification of the BIDDING PROCESS; and 42.3.1.2 The risks inherent in each phase. 42.3.1.2.1 The amounts referred to in item 42.3.1 are defined below, and different amounts may be established from year to year, observing, whenever necessary, higher amounts for periods with higher investments, and lower amounts for periods with lower investments:
Sample 1
Insurance and Guarantees. BCO represents that, upon acquisition or lease of the Digester site and at all times thereafter during the term of this Agreement, it shall maintain Commercial General Liability Insurance including coverage for bodily injury, death and property damage with a limit of liability of not less than $3,000,000 each occurrence and in the annual aggregate, containing such other terms and conditions as are commercially reasonable for the industry, and will name the Town as an additional insured on such liability policies in connection with the Digester. BCO acknowledges that pursuant to the conditional use permit that will be issued in conjunction with the Digester, BCO shall provide additional guarantees or security, which shall secure its performance of this Agreement. The insurance policy shall contain a rider addressing any damage to the Roads caused by BCO or its agents caused during constructing, operating the Project or decommissioning the Project.
Sample 1
Insurance and Guarantees. Sellers will cooperate fully and in a timely manner with Buyer in connection with: (i) the filing of any claims with an insurer or guarantor or any agent of any insurer or guarantor under any insurance policy or guaranty affecting a Mortgagor or any of the Mortgaged Property; (ii) supplying any additional information as may be requested by Buyer or any such agent or insurer in connection with the processing of any such claim; and (iii) the sale of any Mortgage Loan under a Takeout Commitment. Sellers shall take all such actions as may be reasonably requested by Buyer to protect the rights of Buyer in and to any proceeds under any and all of the foregoing insurance policies and Takeout Commitments. Seller shall not take or cause to be taken any action which would impair the rights of Buyer in and to any proceeds under any of the foregoing insurance policies or Takeout Commitments.
Sample 1
Insurance and Guarantees. The Company subscribes and maintains for the duration of this Agreement concerning the exploitation activities, requests its contractors to take out and maintain insurance covering for amounts and risks as usually insured in the international mining industry in agreement with the uses of industry. The Company provides the mines Administration with certificates attesting that such coverage is effective. The insurance covers, but is not limited to: • loss or damage to any installation, equipment or other property insofar as it is used or related to exploitation activities; • loss of property, damages and physical injury suffered by a third party and incurred during the course of, or resulting from, exploitation activities; • pollution or damages to the environment caused in the course of exploitation activities and for which the Company may be held liable; • the Company's liability for compensation to the State under the mining law; • the responsibility of the Company with regard to its personnel engaged in exploitation activities. The Company indemnifies, defends and protects the State against any action, claim, demand, prejudice, loss or damage of any kind, including without limitation, claims relating to loss or damage to property or physical damages or death of persons, resulting from any act or omission while carrying out exploitation activities by, or carried out on the part of, the Company or resulting from the application of this Agreement or any applicable law or regulation provided that such compensation does not apply for any action, claim, demand, injury, loss or damage of any kind resulting from any instruction given by, or any act causing harm committed on the part of the State. Article 3 I : Fiscal and social charges
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Related to Insurance and Guarantees

  • Contractor Insurance Requirements When performing Work on property in the care, custody, or control of the Judicial Council, the Contractor shall maintain all commercial general liability insurance, workers’ compensation insurance, and any other insurance the Judicial Council deems appropriate under the Agreement. Upon request from the Judicial Council, the Contractor shall furnish an insurance certificate evidencing required insurance coverage acceptable to the Judicial Council. The Contractor may also be required to have the Judicial Council shown as an additional insured on selected policies.

  • Insurance and Bonds Unless otherwise specified in this Contract, Grantee shall acquire and maintain, for the duration of this Contract, insurance coverage necessary to ensure proper fulfillment of this Contract and potential liabilities thereunder with financially sound and reputable insurers licensed by the Texas Department of Insurance, in the type and amount customarily carried within the industry as determined by the System Agency. Grantee shall provide evidence of insurance as required under this Contract, including a schedule of coverage or underwriter’s schedules establishing to the satisfaction of the System Agency the nature and extent of coverage granted by each such policy, upon request by the System Agency. In the event that any policy is determined by the System Agency to be deficient to comply with the terms of this Contract, Grantee shall secure such additional policies or coverage as the System Agency may reasonably request or that are required by law or regulation. If coverage expires during the term of this Contract, Grantee must produce renewal certificates for each type of coverage. In addition, if required by System Agency, Grantee must obtain and have on file a blanket fidelity bond that indemnifies System Agency against the loss or theft of any grant funds, including applicable matching funds. The fidelity bond must cover the entirety of the grant term and any subsequent renewals. The failure of Grantee to comply with these requirements may subject Grantee to remedial or corrective actions detailed in section 10.1, General Indemnity, above. These and all other insurance requirements under the Grant apply to both Grantee and its Subcontractors, if any. Grantee is responsible for ensuring its Subcontractors’ compliance with all requirements.

  • Other Insurance Requirements (a) Thirty (30) days’ advance written notice shall be provided to the City of cancellation, intended non-renewal, or reduction in coverages, except for non-payment for which no less than ten (10) days’ notice shall be provided to City. Notices shall be sent to the City address set forth in Section 11.1 entitled “Notices to the Parties.” (b) Should any of the required insurance be provided under a claims- made form, Contractor shall maintain such coverage continuously throughout the term of this Agreement and, without lapse, for a period of three years beyond the expiration of this Agreement, to the effect that, should occurrences during the Agreement term give rise to claims made after expiration of the Agreement, such claims shall be covered by such claims-made policies. (c) Should any of the required insurance be provided under a form of coverage that includes a general annual aggregate limit or provides that claims investigation or legal defense costs be included in such general annual aggregate limit, such general annual aggregate limit shall be double the occurrence or claims limits specified above. (d) Should any required insurance lapse during the term of this Agreement, requests for payments originating after such lapse shall not be processed until the City receives satisfactory evidence of reinstated coverage as required by this Agreement, effective as of the lapse date. If insurance is not reinstated, the City may, at its sole option, terminate this Agreement effective on the date of such lapse of insurance. (e) Before commencing any Services, Contractor shall furnish to City certificates of insurance and additional insured policy endorsements with insurers with ratings comparable to A-, VIII or higher, that are authorized to do business in the State of California, and that are satisfactory to City, in form evidencing all coverages set forth above. Approval of the insurance by City shall not relieve or decrease Contractor’s liability hereunder. (f) If Contractor will use any subcontractor(s) to provide Services, Contractor shall require the subcontractor(s) to provide all necessary insurance and to name the City and County of San Francisco, its officers, agents and employees and the Contractor as additional insureds.

  • Insurance Requirements Vendor agrees to maintain the following minimum insurance requirements for the duration of this Agreement. All policies held by Vendor to adhere to this term shall be written by a carrier with a financial size category of VII and at least a rating of “A‐” by A.M. Best Key Rating Guide. The coverages and limits are to be considered minimum requirements and in no way limit the liability of the Vendor(s). Any immunity available to TIPS or TIPS Members shall not be used as a defense by the contractor's insurance policy. Only deductibles applicable to property damage are acceptable, unless proof of retention funds to cover said deductibles is provided. "Claims made" policies will not be accepted. Vendor’s required minimum coverage shall not be suspended, voided, cancelled, non‐renewed or reduced in coverage or in limits unless replaced by a policy that provides the minimum required coverage except after thirty (30) days prior written notice by certified mail, return receipt requested has been given to TIPS or the TIPS Member if a project or pending delivery of an order is ongoing. Upon request, certified copies of all insurance policies shall be furnished to the TIPS or the TIPS Member. Vendor agrees that when Vendor or its subcontractors are liable for any damages or claims, Vendor’s policy, shall be primary over any other valid and collectible insurance carried by the Member or TIPS.

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