Common use of Insurance and Waiver of Liability Clause in Contracts

Insurance and Waiver of Liability. The Licensee shall bear the cost, throughout the term of the License, for a comprehensive general liability insurance covering injury to or death of any person(s) while working in CMRL premises, including death or injury caused by the sole negligence of the Licensee or the Licensee‟s failure to perform its obligations under the agreement. Upon CMRL's request, the Licensee shall submit to CMRL, suitable evidence of policies are in effect. In the event of the default i.e. avoiding the insurance cover, the Licensee agrees and undertakes to indemnify and hold the licensor harmless against any and all liabilities. Losses, damages, claims, expenses suffered by the licensor as a result of such default by the Licensor.

Appears in 5 contracts

Samples: Draft License Agreement, License Agreement, Draft License Agreement

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Insurance and Waiver of Liability. The Licensee shall bear the cost, throughout the term of the License, for a comprehensive general liability insurance covering injury to or death of any person(s) while working in CMRL premises, including death or injury caused by the sole negligence of the Licensee or the Licensee‟s failure to perform its obligations under the agreement. Upon CMRL's request, the Licensee shall submit to CMRL, suitable evidence of policies are is in effect. In the event of the default i.e. avoiding the insurance cover, the Licensee agrees and undertakes to indemnify and hold the licensor harmless against any and all liabilities. Losses, damages, claims, expenses suffered by the licensor as a result of such default by the Licensor.

Appears in 4 contracts

Samples: License Agreement, Draft License Agreement, Draft License Agreement

Insurance and Waiver of Liability. The Licensee shall bear the cost, throughout the term of the License, for a comprehensive general liability insurance covering injury to or death of any person(s) while working in CMRL premises, including death or injury caused by the sole negligence of the Licensee or the Licensee‟s Licensee’s failure to perform its obligations under the agreement. Upon CMRL's request, the Licensee shall submit to CMRL, suitable evidence of policies are in effect. In the event of the default i.e. avoiding the insurance cover, the Licensee agrees and undertakes to indemnify and hold the licensor harmless against any and all liabilities. Losses, damages, claims, expenses suffered by the licensor as a result of such default by the Licensor.

Appears in 1 contract

Samples: License Agreement

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Insurance and Waiver of Liability. The Licensee shall bear the cost, throughout the term of the License, for a comprehensive general liability insurance covering injury to or death of any person(s) while working in CMRL premises, including death or injury caused by the sole negligence of the Licensee or the Licensee‟s Licensee’s failure to perform its obligations under the agreement. Upon CMRL's request, the Licensee shall submit to CMRL, suitable evidence of policies are is in effect. In the event of the default i.e. avoiding the insurance cover, the Licensee agrees and undertakes to indemnify and hold the licensor harmless against any and all liabilities. Losses, damages, claims, expenses suffered by the licensor as a result of such default by the Licensor.

Appears in 1 contract

Samples: Draft License Agreement

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