INSURANCE CLAUSES Sample Clauses

INSURANCE CLAUSES. 1. Insurance requirements for PROJECTS with a value below R50 million on the LANDSIDE • Projects with a value below R50 million are automatically covered under an ACSA umbrella insurance. • But please note that details of all projects with a value below R50 million, and with a duration that exceeds 36 months should be forwarded to ACSA Treasury as soon as the contractor is awarded as these projects are not automatically covered under an ACSA umbrella insurance.
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INSURANCE CLAUSES. 1. The obligation to insure
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INSURANCE CLAUSES. 1. Insurance requirements for construction projects with a value below R150 million (Excluding VAT) at award and a construction period not exceeding 36 months on the LANDSIDE • Projects with a value below R150 million are automatically covered under an ACSA umbrella insurance. • But please note that details of all projects with a value below R150 million, and with a duration that exceeds 36 months should be forwarded to ACSA Treasury as soon as the contractor is awarded (Email: xxxxxxxxx.xxxxxx@xxxxxxxx.xx.xx) as these projects are not automatically covered under an ACSA umbrella insurance.
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INSURANCE CLAUSES. Party B shall cover travel accident injury insurance for Party A’s campers during the event period.
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Related to INSURANCE CLAUSES

  • Insurance Casualty Condemnation Seller agrees that it will keep the Property insured against casualty until the Closing Date under its existing insurance policies or replacement policies with the same coverage as existing at the date of execution hereof. Such policies shall be terminated by Seller at the Closing Date. In the event that, prior to the Closing Date, all or any portion of the Property shall be destroyed by fire or other casualty, or taken by condemnation or exercise of the right of eminent domain, or if proceedings therefor shall be instituted or threatened and the amount of any such damage or condemnation exceeds $100,000, then Buyer may, within ten (10) days of its receipt of notice of such event, elect to terminate this Agreement by written notice to Seller and Escrow Agent. If the damage or condemnation is equal to or less than $100,000 or if the damage or condemnation exceeds $100,000 but Buyer does not terminate this Agreement, then the parties shall proceed to close the transaction contemplated hereby, in which event any insurance or condemnation proceeds (excluding rental loss proceeds attributable to the period prior to the Closing Date) shall inure to the benefit of Buyer and shall be assigned by Seller to Buyer at close of Escrow. In the event the parties proceed to close the transaction contemplated hereby, Seller shall pay any required deductible applicable to such insurance coverage, or the Purchase Price shall be reduced by the amount of any such deductible.

  • FIRE INSURANCE The LESSEE shall not permit any use of the leased premises which will make voidable any insurance on the property of which the leased premises are a part, or on the contents of said property or which shall be contrary to any law or regulation from time to time established by the New England Fire Insurance Rating Association, or any similar body succeeding to its powers. The LESSEE shall on demand reimburse the LESSOR, and all other tenants, all extra insurance premiums caused by the LESSEE's use of the premises.

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