Common use of Insurance; Waiver of Subrogation Rights Clause in Contracts

Insurance; Waiver of Subrogation Rights. 13.1.1 ColumbiaGrid Insurance Coverage Requirements. Throughout the term of this Agreement, ColumbiaGrid shall maintain insurance coverage that at a minimum: (i) provides general liability and errors and omissions insurance with respect to ColumbiaGrid’s performance under this Agreement; (ii) provides for maximum per-occurrence self-insured retention in an amount approved in writing by each Party that is a Party as of the Effective Date; (iii) provides general liability coverage limits (with each Planning Party that so opts in writing named as an additional insured) in an amount approved in writing by each Party that is a Party as of the Effective Date and separate errors and omission coverage limits in an amount approved in writing by each Party that is a Party as of the Effective Date; (iv) provides an agreement or endorsement under which the insurance cannot be terminated, canceled, allowed to expire, or materially altered without 90 days’ prior written notice to ColumbiaGrid and provides that such policy is primary over any other insurance; and (v) provides that ColumbiaGrid’s insurer shall be bound by any waivers of the insurer’s rights of subrogation granted by ColumbiaGrid.