Insurance Standards. Income protection scheme
Insurance Standards. All such policies and renewals thereof as are required to be obtained by Tenant shall name Landlord as an additional insured (provided that with respect to the insurance described in Section 10.1(b) above, Landlord may be named as a loss payee as its interests may appear). All such policies of insurance shall provide that (i) no material change or cancellation of said policies shall be made without thirty (30) days’ prior written notice to the other party and (ii) the insurance company issuing the same shall have waived any right of subrogation against the other party. Prior to the Commencement Date and at least sixty (60) days prior to the expiration dates of said policy or policies, each party shall provide to the other copies of policies or certificates of insurance evidencing all coverage required by this Lease. All the insurance required of Tenant or Landlord under this Lease shall be primary and non-contributory, issued by companies that are rated at least A-, VIII in Best’s Insurance Reports, and authorized to do business in North Carolina. Landlord makes no representation that the limits of liability specified to be carried by Tenant are adequate to protect Tenant. Tenant may obtain, at Tenant’s sole election and expense, such additional insurance coverage as Tenant deems adequate. Landlord shall have the right to increase the insurance requirements hereunder from time to time as may be necessary to maintain adequate insurance coverages as measured by insurance then typically required for land and improvements similar to the Premises in the greater Raleigh/Durham/Chapel Hill, North Carolina metropolitan area.
Insurance Standards. Franchisor will prescribe minimum standards and limits for certain types of insurance policies that Franchisee must have. Franchisor is obligated to assist Franchisee in locating such insurance coverage if Franchisee desires assistance and make the first monthly payment to start policy coverage.
Insurance Standards. Franchisee shall operate the Franchised Business in strict conformity with such methods, standards and procedures as Franchisor may from time to time prescribe in the Manual or otherwise in writing. Franchisee shall refrain from: (i) deviating from such methods, standards and procedures without Franchisorʹs prior written consent, and (ii) otherwise operating in any manner which reflects adversely on the Proprietary Marks, the Copyrights or the Fiesta System. Franchisee shall comply, at Franchisee’s sole expense, with any and all applicable local, state and federal codes, regulations, ordinances, rules and orders relating to the Franchised Business, including, without limitation, all insurance certification and registration requirements of the state in which the Franchised Business is located. Franchisee shall follow the guidelines and polices set forth in the Manual, which may be modified from time to time by Franchisor in its sole discretion. In particular, Franchisee shall comply with the following specific requirements at all times during the Term:
7.2.1 Franchisee shall be responsible for the accuracy and timeliness of all applications and corresponding documentation necessary for procurement of the insurance and submission to the carrier. Failure to comply may subject Franchisee to immediate termination of this Agreement, without notice, a monetary fine, and/or other disciplinary action.
7.2.2 Franchisee shall be responsible for collection of the full amount of the down payment due from the insured, including broker’s fees, percentage of premium, policy fees, and other miscellaneous fees. Franchisee shall be held liable for the amount of the down payment not received by Franchisor.
7.2.3 Franchisee shall not accept funds in Franchisee’s own name, nor co‐mingle trust funds with personal funds. All funds must be remitted in a form acceptable to Franchisor and made payable to Franchisor. Franchisee shall use only Franchisor’s receipt book for all transactions.
7.2.4 Franchisee shall bind coverage immediately upon accepting each application, according to each carrier’s binding procedure. Documentation and funds must be submitted to Franchisor’s corporate office within 24 hours after execution of the application. Failure to timely submit the completed application, documentation and funds may jeopardize Franchisor’s binding authority with its carriers. Accordingly, in the event Franchisee fails to comply with this Section 7.2.4, Franchisor may immediately t...
Insurance Standards. (a) All such policies and renewals thereof as are required to be obtained by Tenant shall name Landlord as an additional insured. All such policies of insurance shall provide (i) that no material change or cancellation of said policies shall be made without thirty (30) days’ prior written notice to Landlord and (ii) that the insurance company issuing the same shall have waived any right of subrogation against Landlord. All of the insurance required of Tenant, or its respective agents or employees, under this Lease shall be primary and noncontributory, issued by companies which are rated at least A-IX in Best’s Insurance Reports and are authorized to do business in North Carolina. Insurance requirements may be reasonably increased from time to time by Landlord in order to protect its interest in the property.
(b) Tenant shall be solely responsible for the payment of premiums for all of Tenant’s insurance required to be maintained by Tenant hereunder. Upon the written request of Landlord to Tenant, Tenant shall deliver to Landlord a certificate of insurance of all policies procured by Tenant in compliance with its obligations under this Lease. The limits of Tenant’s insurance shall in no event limit Tenant’s liability under this Lease.
Insurance Standards. Tenant, at --------------------- Tenant's expense, will comply with any requirements of' insurance companies relating to the condition or use of the premises. If Tenant violates an insurance company standard or requirement, then Tenant, at Tenant expense, shall make any changes needed to comply.
Insurance Standards. The required insurance shall be provided under an occurrence form, and the Borrower shall maintain such coverage continuously throughout the Term. Should any of the required insurance be provided under a form of coverage that includes an annual aggregate limit or provides that claims investigation or legal defense costs be included in such annual aggregate limit, such annual aggregate limit shall be three times the occurrence limits specified above. Comprehensive General Liability insurance policies shall be endorsed to name as additional insured the City, the Agency and their respective councilmembers, boardmembers, officers, agents, and employees. Property insurance polices shall be endorsed to name as loss payees the City, the Agency and their respective councilmembers, boardmembers, officers, agents, and employees. All policies and bonds shall be endorsed to provide (i) thirty (30) days prior written notice of cancellation, reduction in coverage, intent not to renew or any material change in said policies to the address established for notices to the Agency pursuant to Section 7.3 below; (ii) an agreement that such policies are primary and non contributing with any insurance that may be carried by the Agency; (iii) a provision that no act or omission of the Borrower shall affect or limit the obligation of the insurance carrier to pay the amount of any loss sustained; and (iv) a waiver by the insurer of all rights of subrogation against the Agency and its authorized parties in connection with any loss or damage thereby insured against. Upon the Agency's request at any time during the Term, the Borrower shall provide certificates of insurance, in a form and with insurers reasonably acceptable to the Agency, evidencing compliance with the requirements of this Section 3.5(b), and shall provide complete copies of such insurance policies, including a separate endorsement naming the Agency and the Agency as additional insureds (unless the Agency notifies the Borrower that a separate endorsement is not required for a particular form of insurance).
Insurance Standards. The insurance required to be maintained by each party shall be maintained with financially responsible insurance carriers licensed to do business in the location in which the Project is located with each United States insurance carrier having an A.M. Best’s Rating of not less than A-:VII. Except as provided above with respect to Local Personnel Insurance, each party may carry its insurance as part of a blanket insurance policy and in a combination of primary and umbrella coverage so long as the coverages required hereby are in force. Either Owner or Marketing Consultant may self-insure for workers’ compensation insurance and non-occupational disability insurance in accordance with statutory requirements. Marketing Consultant and Owner will provide each other with certificates of insurance or other satisfactory documentation, which evidence that the insurance required under this Agreement is in full force and effect at all times. Policies required to be obtained pursuant to Sections 6.1 and 6.2 must be endorsed to provide that 15 days advance written notice of cancellation, non-renewal or reduction in coverage will be given to each party to the extent such endorsement is available. In addition, Marketing Consultant and Owner will provide the other with certificates of insurance or other satisfactory documentation of insurance coverage at the time of renewal or replacement policy or within fifteen (15) days thereafter.
Insurance Standards. The policies described in this section shall be the standard form employed in the State of New Hampshire, issued by underwriters acceptable to the State, and authorized to do business in the State of New Hampshire. All policies shall be on an “occurrence” basis. Each policy shall contain a clause prohibiting cancellation or modification of the policy earlier than thirty (30) days after written notice thereof has been received by the Grantee and CDFA. All policies shall name the Grantee and CDFA as additional insureds. Subrecipient shall provide the Grantee with certificates of insurance satisfactory to the Grantee, which evidences compliance with this Section.
Insurance Standards. TRITON and CROWN agree to review the insurance requirements set forth in sub- sections 14.1 and 14.2 above every five years and, as necessary, to revise such requirements for the next five years to be consistent with then prevailing industry standards.
