INSURANCE, CLAIMS AND LIABILITIES Sample Clauses

INSURANCE, CLAIMS AND LIABILITIES. 4.3.1 Any insurance company providing coverage under this Agreement shall be rated “A” or above by A.M. Best and authorized to do business in the Commonwealth of Virginia. All insurers providing coverage hereunder shall give CITY thirty (30) days advance notice in the event of any non-renewal or cancellation of such insurance (10 days’ notice for non-payment of premium).
AutoNDA by SimpleDocs
INSURANCE, CLAIMS AND LIABILITIES 

Related to INSURANCE, CLAIMS AND LIABILITIES

  • Claims and Suits (a) The Receiver shall have the right, in its discretion, to (i) defend or settle any claim or suit against the Assuming Bank with respect to which the Receiver has indemnified the Assuming Bank in the same manner and to the same extent as provided in Article XII, and (ii) defend or settle any claim or suit against the Assuming Bank with respect to any Liability Assumed, which claim or suit may result in a loss to the Receiver arising out of or related to this Agreement, or which existed against the Failed Bank on or before Bank Closing. The exercise by the Receiver of any rights under this Section 9.3(a) shall not release the Assuming Bank with respect to any of its obligations under this Agreement.

  • Workers’ Compensation and Employer’s Liability (i) Workers’ Compensation insurance indicating compliance with any applicable labor codes, acts, Laws or statutes, state or federal, where Seller performs Work.

  • Liabilities If this Agreement is terminated pursuant to this Section, such termination shall be without liability of any party to any other party except as provided in Section 4 hereof, and provided further that Sections 1, 6, 7 and 8 shall survive such termination and remain in full force and effect.

Time is Money Join Law Insider Premium to draft better contracts faster.