Common use of Insurance Policy Clause in Contracts

Insurance Policy. The Exhibitor must obtain at its own cost and expenses, liability insurance of no less than HK$10,000,000 property damage and personal injury, with broad form endorsement, naming the Organiser “Xxxxxx Communications HK Limited” as an additional insured, and requiring at least thirty (30) days prior notice to the Organiser of cancellation or material modification; provided however that in the event the Exhibitor is self-insured, the Organiser may waive the requirement that the Organiser be named as additional insured, and may require the Exhibitor to provide evidence acceptable to the Organiser in the Organiser’s sole discretion as to Exhibitors financial ability to meet its obligations under the Contract, including but not limited to its insurance and indemnifications obligations under this clause. Exhibitor must provide if requested to do so by the Organiser certificates of insurance, duplicate copies or other evidence requested by the Organiser. The Organiser is not responsible for any loss of or damage to Exhibitor property occasioned by theft or insurable casualty. Exhibitor shall obtain at its own cost and expense theft and casualty insurance in an amount equal to the value of Exhibitor’s property and shall provide the Organiser with proof of such insurance upon request. The Organiser assumes no risk; and by the acceptance of this contract, Exhibitor expressly releases the Organiser of and from any and all liability for any damage, injury or loss to any person or goods which may arise from the rental and occupation of said space by the Exhibitor.

Insurance Policy. The Exhibitor must obtain at its own cost and expenses, liability insurance of no less than HK$10,000,000 property damage and personal injury, with broad form endorsement, naming the Organiser “Xxxxxx Diversified Communications HK LimitedLLC” as an additional insured, and requiring at least thirty (30) days prior notice to the Organiser of cancellation or material modification; provided however that in the event the Exhibitor is self-insured, the Organiser may waive the requirement that the Organiser be named as additional insured, and may require the Exhibitor to provide evidence acceptable to the Organiser in the Organiser’s sole discretion as to Exhibitors financial ability to meet its obligations under the Contract, including but not limited to its insurance and indemnifications obligations under this clause. Exhibitor must provide if requested to do so by the Organiser certificates of insurance, duplicate copies or other evidence requested by the Organiser. The Organiser is not responsible for any loss of or damage to Exhibitor property occasioned by theft or insurable casualty. Exhibitor shall obtain at its own cost and expense theft and casualty insurance in an amount equal to the value of Exhibitor’s property and shall provide the Organiser with proof of such insurance upon request. The Organiser assumes no risk; and by the acceptance of this contract, Exhibitor expressly releases the Organiser of and from any and all liability for any damage, injury or loss to any person or goods which may arise from the rental and occupation of said space by the Exhibitor.