Common use of Insurance Deductibles Clause in Contracts

Insurance Deductibles. Seller shall be responsible to (and shall) satisfy any and all deductibles and self-insured retentions contained in the Required Seller Insurance coverages required to be secured and maintained by Seller under this Agreement, as well as any excluded loss or losses, if the same are within Seller’s liability under this Agreement. Notwithstanding the minimum limits of coverage stated in subsection (a) above, the limit of each underlying insurance coverage must be at least as high as is necessary to support the excess liability insurance coverage, and no individual insurance coverage shall have a deductible in excess of one hundred thousand dollars ($100,000) without the prior express written consent of Purchaser.

Insurance Deductibles. Seller shall be responsible to (and shall) satisfy any and all deductibles and self-insured retentions contained in the Required Seller Insurance coverages required to be secured and maintained by Seller under this Agreement, as well as any excluded loss or losses, if the same are within Seller’s liability under this Agreement. Notwithstanding the minimum limits of coverage stated in subsection (a) above, the limit of each underlying insurance coverage must be at least as high as is necessary to support the excess liability insurance coverage, and no individual in dividual insurance coverage shall have a deductible in excess of one hundred thousand dollars ($100,000) without the prior express written consent of Purchaser.