Insurance taken out by the LESSEE Sample Clauses

Insurance taken out by the LESSEE. The LESSEE undertakes to insure, for the entire term of the Lease, with a solvent insurance company authorized to insure on French territory, the risks listed below: • Material damage to works and embellishments (fittings and fixtures), whether or not carried out at the LESSEE’s expense, and to all objects, equipment or other movable property belonging to the LESSEE or in the LESSEE’s custody, guaranteeing the Leased Premises for damage resulting from events such as fire, lightning, explosion, water damage, costs of excavation, demolition, glass breakage, sprinkler or other liquid leaks, electrical damage, falling aircraft and aerial objects, malicious damage, sabotage, impact of land vehicles, natural disasters, hurricanes, cyclones, tornadoes, storms, and hail on roofs, smoke, riots and civil commotion, expert fees, as well as all expenses incurred in restoring the Building to its original condition; • Loss of use or deprivation of use for up to 24 months; • Any civil liability it may incur under Articles 1240 to 1242 of the French Civil Code for bodily injury or material or immaterial damage caused to third parties and arising directly or indirectly from its activity, from the goods referred to in the above paragraph, and from its employees. The LESSEE undertakes to: • not contravene in any way whatsoever one or more of its insurance policies, which could result in the cancellation of such policy or policies; • pay the premiums for its insurance policy(ies) on time; • provide annual proof of compliance with the foregoing clauses at the LESSOR’s first request, by producing the insurance policy(ies) and the related premium receipts; • notify the LESSOR of any fact making it necessary to issue an endorsement to the LESSOR’s insurance policies; • notify the LESSOR of any damage, within five days of becoming aware of it, and of any repairs under its control that may become necessary during the term of the Lease, failing which it will remain personally liable for the damage. The LESSEE undertakes to change the insurance policy only after giving fifteen days’ notice to the LESSOR. Mention shall be made in the LESSEE’s insurance policy(ies) that the cancellation thereof may only take effect at the end of a period of fifteen days after notification made to the LESSOR by the LESSEE’s insurer. Should the LESSEE fail to take out, renew the policies or pay the premiums relating thereto as provided for above, the LESSOR reserves the right to do so and claim reimburse...
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Insurance taken out by the LESSEE. 16.2.1 The Lessee commits to insure, for the entire term of the lease, with an insurance company known to be solvent and authorised to insure within France, the risks listed below:
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Insurance taken out by the LESSEE 
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Related to Insurance taken out by the LESSEE

  • Default by the Company If the Company shall fail at Closing Time or at the Date of Delivery to sell the number of Securities that it is obligated to sell hereunder, then this Agreement shall terminate without any liability on the part of any nondefaulting party; provided, however, that the provisions of Sections 1, 4, 6, 7 and 8 shall remain in full force and effect. No action taken pursuant to this Section shall relieve the Company from liability, if any, in respect of such default.

  • Default by the Purchaser If the transaction herein contemplated fails to close as a result of the default of the Purchaser hereunder, or the Purchaser having made any representation or warranty herein which shall be untrue or misleading in any material respect, or the Purchaser having failed to perform any of the covenants and agreements contained herein to be performed by it, the Seller may terminate this Agreement (in which case, the Purchaser shall reimburse the Seller for all of the fees, charges, disbursements and expenses of the Seller’s attorneys).

  • Confirmation by the Company The Company must provide written confirmation to the Underwriter that the Underwriter’s instructions to restrict or prohibit trading have been executed. The Company agrees to provide confirmation as soon as reasonably practicable, but not later than ten (10) business days after the instructions have been executed.

  • TERMINATION BY THE PARTIES This Agreement may be terminated upon sixty (60) days’ written notice (a) by the Independent Directors of the Company or the Advisor, without Cause and without penalty, (b) by the Advisor for Good Reason, or (c) by the Advisor upon a Change of Control. The provisions of Sections 19 through 31 of this Agreement shall survive termination of this Agreement.

  • Cooperation by the Company If any Shareholder shall transfer any Registrable Securities pursuant to Rule 144, the Company shall cooperate, to the extent commercially reasonable, with such Shareholder and shall provide to such Shareholder such information as such Shareholder shall reasonably request.

  • Termination by the Manager 10.3.1 The Manager may terminate this Agreement effective upon 180 days’ prior written notice of termination to the Service Recipients without payment of any termination fee if:

  • Action by the Company The Company shall act only by or under the authority of its Member.

  • Termination by the Consultant The Consultant may terminate the provision of his services under this Agreement on not less than 30 days' notice to the Company, in which case the obligations of the Company will be the same as though the services were terminated for cause.

  • Information to Be Provided by the Owner Trustee The Owner Trustee shall (i) on or before the fifth Business Day following a written request of the Depositor, provide to the Depositor, in writing, such information regarding the Owner Trustee as is requested for the purpose of compliance with Item 1117 of Regulation AB, and (ii) pursuant to Section 7.09 hereof as promptly as practicable following notice to or discovery by the Owner Trustee of any changes to such information, provide to the Depositor, in writing, updated information necessary for compliance with Item 1117 of Regulation AB. The Owner Trustee shall (i) on or before the fifth Business Day following a written request of the Depositor in connection with the preparation of any required quarterly or annual report, provide to the Depositor such information regarding the Owner Trustee as is requested for the purpose of compliance with Items 1109(a), 1109(b) and 1119 of Regulation AB, and (ii) as promptly as practicable following notice to or discovery by the Owner Trustee of any changes to such information, provide to the Depositor, in writing, updated information. Such information shall include, at a minimum:

  • Additional Information to Be Provided by the Custodian For so long as the Certificates are outstanding, for the purpose of satisfying the Depositor 's reporting obligation under the Exchange Act with respect to any class of Certificates, the Custodian shall (a) notify the Depositor in writing of any material litigation or governmental proceedings pending against the Custodian that would be material to Certificateholders, and (b) provide to the Depositor a written description of such proceedings. Any notices and descriptions required under this Section 4.3 shall be given no later than five Business Days prior to the Determination Date following the month in which the Custodian has knowledge of the occurrence of the relevant event. As of the date the Depositor or Master Servicer files each Report on Form 10-D or Form 10-K with respect to the Certificates, the Custodian will be deemed to represent that any information previously provided under this Section 4.3, if any, is materially correct and does not have any material omissions unless the Custodian has provided an update to such information.

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