Insurance Companies and Policies - Terms of Policy Sample Clauses

Insurance Companies and Policies - Terms of Policy. All insurance provided for pursuant to Section 18.1 shall be effected under a valid and enforceable policy or policies issued by insurers of recognized responsibility reasonably satisfactory to Lessor. Each such policy issued under Section 18.1(c) shall (a) name Lessor, Tenant and any Mortgagee as insureds as their respective interest may appear, (b) so far as the same provide for payment of losses provide (except in the case of a loss of less than $500,000 [or such greater amount compared to $500,000 as the then total of Base Rent and Escalation Rent bears to the Base Rent] which may be paid to Tenant) for payment of such loss to Mortgagee if it is an Institutional Investor, or if there is no such Mortgagee then to a bank or trust company designated by Tenant from time to time, having an office in Los Angeles which has capital and surplus of at least $50,000,000 (such Mortgagee, bank or trust company is herein referred to as "Depositary") and (c) so far as the same provide for payment of losses, provide or be to the legal effect that such losses payable to Mortgagee or Depositary shall be payable notwithstanding any act or negligence of Tenant. Each policy issued under Section 18.1 shall provide that no cancellation or termination thereof on account of nonpayment of premiums or any other reason shall be effective until at least ten (10) days after mailing or otherwise sending written notice thereof to Lessor. Each party hereby waives all rights of action against the other with respect to any losses or claims covered by any insurance policy under Section 18.1(c) to the extent that such waiver of subrogation is permitted by each such policy. Upon the execution of this Lease, and thereafter not less than fifteen (15) days prior to the expiration dates of the policies theretofore delivered pursuant to this Section, Tenant shall deliver to Lessor certificates of insurance or duplicate originals or copies certified to be correct copies of the policies or renewal policies, as the case may be, required by this Lease, with receipts or other evidence satisfactory to Lessor showing the payment of the premium therefore. Insurance required hereunder may be effected by a blanket insurance policy or policies covering other property.
AutoNDA by SimpleDocs
Insurance Companies and Policies - Terms of Policy. All -------------------------------------------------- insurance provided for pursuant to Section 9.01 shall be effected under a valid and enforceable policy or policies issued by insurers of recognized responsibility. Each such policy shall (a) include Landlord as a named insured; and (b) provide that no cancellation or termination thereof on account of nonpayment of premiums or any other reason shall be effective until at least thirty (30) days after receipt by the Landlord of written notice thereof. Each party hereby waives all rights of action against the other with respect to any losses or claims covered by such insurance to the extent that such waiver of subrogation is permitted by each such policy. Upon the execution of this Lease, and thereafter not less than fifteen (15) days prior to the expiration dates of the policies theretofore delivered pursuant to this Section, the Tenant shall deliver to the Landlord duplicate originals of the policies or renewal policies, as the case may be, required by this Lease.

Related to Insurance Companies and Policies - Terms of Policy

  • SPAM POLICY You are strictly prohibited from using the Website or any of the Company's Services for illegal spam activities, including gathering email addresses and personal information from others or sending any mass commercial emails.

  • Summary of Policy and Prohibitions on Procurement Lobbying Pursuant to State Finance Law §139-j and §139-k, this Contract includes and imposes certain restrictions on communications between OGS and a Vendor during the procurement process. A Vendor is restricted from making contacts from the earliest notice of intent to solicit offers/bids through final award and approval of the Procurement Contract by OGS and, if applicable, the Office of the State Comptroller (“restricted period”) to other than designated staff unless it is a contact that is included among certain statutory exceptions set forth in State Finance Law §139-j(3)(a). Designated staff, as of the date hereof, is identified in Appendix G, Contractor and OGS Information, or as otherwise indicated by OGS. OGS employees are also required to obtain certain information when contacted during the restricted period and make a determination of the responsibility of the Vendor pursuant to these two statutes. Certain findings of non-responsibility can result in rejection for contract award and in the event of two findings within a four-year period; the Vendor is debarred from obtaining governmental Procurement Contracts. Further information about these requirements can be found on the OGS website: xxxx://xxx.xxx.xx.xxx/aboutOgs/regulations/defaultSFL_139j-k.asp.

  • Form of Policies The minimum limits of policies of insurance required of Tenant under this Lease shall in no event limit the liability of Tenant under this Lease. Such insurance shall (i) be issued by an insurance company having an AM Best rating of not less than A‑X (or to the extent AM Best ratings are no longer available, then a similar rating from another comparable rating agency), or which is otherwise acceptable to Landlord and licensed to do business in the State of California, (ii) be in form and content reasonably acceptable to Landlord and complying with the requirements of Section 10.3 (including, Sections 10.3.1 through 10.3.5), (iii) Tenant shall not do or permit to be done anything which invalidates the required insurance policies, and (iv) provide that said insurance shall not be canceled or coverage changed unless thirty (30) days' prior written notice shall have been given to Landlord and any mortgagee of Landlord, the identity of whom has been provided to Tenant in writing. Tenant shall deliver said policy or policies or certificates thereof and applicable endorsements which meet the requirements of this Article 10 to Landlord on or before (I) the earlier to occur of: (x) the Lease Commencement Date, and (y) the date Tenant and/or its employees, contractors and/or agents first enter the Premises for occupancy, construction of improvements, alterations, or any other move-in activities, and (II) five (5) business days after the renewal of such policies. In the event Tenant shall fail to procure such insurance, or to deliver such policies or certificates and applicable endorsements, Landlord may, at its option, after written notice to Tenant and Tenant's failure to obtain such insurance within five (5) days thereafter, procure such policies for the account of Tenant and the sole benefit of Landlord, and the cost thereof shall be paid to Landlord after delivery to Tenant of bills therefor.

  • Application of Policy The policy is to apply to everyone on site without distinction.

  • General Policy Our policy is to make funds from your cash and check deposits available to you on the next business day after we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. Once they are available, you can withdraw the funds in cash and we will use the funds to pay checks that you have written. For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and federal holidays. If you make a deposit before 6:00 p.m. within our facilities or through our ATM on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after 6:00 p.m. through our ATM or on a day we are not open, we will consider that the deposit was made on the next business day we are open.

  • Statement of Policy In accordance with the Federal Family and Medical Leave Act (FMLA) and the California Family Rights Act (CFRA), the City will provide family and medical care leave and military family leave for eligible employees, as defined.

  • General Policies 6.2.4.1 Each Party’s resources are for approved business purposes only. 6.2.4.2 Each Party may exercise at any time its right to inspect, record, and/or remove all information contained in its systems, and take appropriate action should unauthorized or improper usage be discovered. 6.2.4.3 Individuals will only be given access to resources that they are authorized to receive, and which they need to perform their job duties. Users must not attempt to access resources for which they are not authorized. 6.2.4.4 Authorized users must not develop, copy or use any program or code that circumvents or bypasses system security or privilege mechanism or distorts accountability or audit mechanisms. 6.2.4.5 Actual or suspected unauthorized access events must be reported immediately to each Party’s security organization or to an alternate contact identified by that Party. Each Party shall provide its respective security contact information to the other.

  • Introduction and Statement of Policy The National Institutes of Health (NIH) has established NIH-designated data repositories (e.g., database of Genotypes and Phenotypes (dbGaP), Sequence Read Archive (SRA), NIH Established Trusted Partnerships) for securely storing and sharing controlled-access human data submitted to NIH under the NIH Genomic Data Sharing (GDS)

  • Rules, Regulations and Policies Employee shall abide by and comply with all of the rules, regulations, and policies of Employer, including without limitation Employer's policy of strict adherence to, and compliance with, any and all requirements of the banking, securities, and antitrust laws and regulations.

  • Standard Hazard Insurance and Flood Insurance Policies (a) For each Mortgage Loan, the Master Servicer shall enforce any obligation of the Servicers under the related Servicing Agreements to maintain or cause to be maintained standard fire and casualty insurance and, where applicable, flood insurance, all in accordance with the provisions of the related Servicing Agreements. It is understood and agreed that such insurance shall be with insurers meeting the eligibility requirements set forth in the applicable Servicing Agreement and that no earthquake or other additional insurance is to be required of any Mortgagor or to be maintained on property acquired in respect of a defaulted loan, other than pursuant to such applicable laws and regulations as shall at any time be in force and as shall require such additional insurance. (b) Pursuant to Section 4.01 and 4.02, any amounts collected by the Servicers or the Master Servicer, or by any Servicer, under any insurance policies (other than amounts to be applied to the restoration or repair of the property subject to the related Mortgage or released to the Mortgagor in accordance with the applicable Servicing Agreement) shall be deposited into the Master Servicer Collection Account, subject to withdrawal pursuant to Section 4.02 and 4.03. Any cost incurred by the Master Servicer or any Servicer in maintaining any such insurance if the Mortgagor defaults in its obligation to do so shall be added to the amount owing under the Mortgage Loan where the terms of the Mortgage Loan so permit; provided, however, that the addition of any such cost shall not be taken into account for purposes of calculating the distributions to be made to Certificateholders and shall be recoverable by the Master Servicer or such Servicer pursuant to Section 4.02 and 4.03.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!