Insured versus Insured Sample Clauses

Insured versus Insured. To any Insured.
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Insured versus Insured a. The Company will not be liable for Loss on account of a Claim against an Insured that is brought or maintained by, or on behalf of, an Insured under this Liability Policy, or a Subsidiary, in any capacity; provided this will not apply to a Claim brought and maintained: i. on behalf of the Insured Organization in the form of a security holder derivative action or Security Holder Derivative Demand by one or more persons who are not Director or Officers and bring or maintain such Claim without the active solicitation, assistance, or participation of a natural person who is serving, or in the past two years has served, as a Director or Officer; ii. by an Insured Person for contribution or indemnity, if the Claim is part of, or results directly from, a Claim that is not otherwise excluded under this Liability Coverage; iii. by a natural person, who was an Insured Person and has not served in such capacity for at least two years preceding the date the Claim is made, that brings and maintains the Claim without the active solicitation, assistance, or participation of the Insured Organization, or a natural person who is serving, or in the past two years has served, as an Insured Person; iv. by a court appointed examiner, receiver, conservator, liquidator, trustee, rehabilitator, member of the creditors’ committee of the Insured Organization, or similar official serving in the same legal capacity; v. outside of the United States, U.S. territories and possessions, Canada, United Kingdom, or Australia; vi. by an Advisory Board Member, who brings or maintains such Claim without the active solicitation, assistance, or participation of a natural person who is serving, or in the past two years has served, as a Director or Officer; SPECIMEN vii. against a Mutual Fund Independent Director, provided that such Claim is brought and maintained without the active solicitation, assistance, or participation of such Mutual Fund Independent Director; or viii. against a Mutual Fund Independent Director and an Insured Organization so long as such Mutual Fund Independent Director remains a co-defendant in such Claim, provided that such Claim is brought and maintained without the active solicitation, assistance, or participation of such Mutual Fund Independent Director or Insured Organization. b. For purposes of exclusion A.9, an Insured Person’s Whistleblowing Activity alone will not constitute active solicitation, assistance, or participation.
Sample 1
Insured versus Insured. The Insurer will not be liable for Loss on account of a Claim by or on behalf of, or in the name or right of: a. any Insured, unless such Claim arises out of Professional Services performed by the Insured to an Employee of the b. any entity: (1) owned, operated, or controlled by any Insured; (2) that manages or operates any Insured; (3) in which any Insured, or any Insured’s Spouse, individually or collectively with one or more Insureds, has an ownership interest that exceeds 49%; or (4) that holds the controlling financial interest in any Insured; when the Wrongful Act is committed, or on the date the Claim is made.
Sample 1

Related to Insured versus Insured

  • Commercial General Liability Insurance Policy Provide a Commercial General Liability Insurance Policy, including contractual liability, in adequate quantity to protect against legal liability arising out of contract activity but no less than $1,000,000 per occurrence. Additionally, the CONTRACTOR is responsible for ensuring that any subcontractors provide adequate insurance coverage for the activities arising out of subcontracts.

  • ADDITIONAL INSURED ENDORSEMENT AND PRIMARY AND NON-CONTRIBUTORY INSURANCE CLAUSE Supplier agrees to list Sourcewell and its Participating Entities, including their officers, agents, and employees, as an additional insured under the Supplier’s commercial general liability insurance policy with respect to liability arising out of activities, “operations,” or “work” performed by or on behalf of Supplier, and products and completed operations of Supplier. The policy provision(s) or endorsement(s) must further provide that coverage is primary and not excess over or contributory with any other valid, applicable, and collectible insurance or self-insurance in force for the additional insureds.

  • Deductibles and Self-Insured Retention Any deductible or self-insured retention that apply to any insurance required by this Agreement must be declared and approved by COUNTY.

  • Deductibles and Self-Insured Retentions Any deductibles or self-insured retentions must be declared to, and approved by CITY's Risk Manager. At the option of CITY, either; the insurer shall reduce or eliminate such deductibles or self-insured retentions as respects CITY, its officer, employees, agents and contractors; or GRANTEE shall procure a bond guaranteeing payment of losses and related investigations, claim administration and defense expenses in an amount specified by the CITY's Risk Manager.

  • Commercial Umbrella Liability Insurance The Contractor shall provide a Commercial Umbrella Liability Insurance to provide excess coverage above the Commercial General Liability, Commercial Business Automobile Liability and the Workers' Compensation and Employers' Liability to satisfy the minimum limits set forth herein. The umbrella coverage shall follow form with the Umbrella limits required as follows: $ 2,000,000 per Occurrence $2,000,000 per Occurrence $ 4,000,000 Aggregate $10,000,000 Aggregate Additional Requirements for Commercial Umbrella Liability Insurance are shown below at Paragraph 1.5.3.3.6.

  • Maintain Insurance The Credit Parties’ shall at all times insure and keep insured with insurance companies acceptable to Lender, all insurable property owned by the Credit Parties which is of a character usually insured by companies similarly situated and operating like properties, against loss or damage from environmental, fire and such other hazards or risks as are customarily insured against by companies similarly situated and operating like properties; and shall similarly insure employers’, public and professional liability risks. Prior to the date of the funding of any Loans under this Agreement, Borrower shall deliver to Lender a certificate setting forth in summary form the nature and extent of the insurance maintained pursuant to this Section. All such policies of insurance must be satisfactory to Lender in relation to the amount and term of the Obligations and type and value of the Collateral and assets of the Credit Parties, shall identify Lender as sole/lender’s loss payee and as an additional insured. In the event the Credit Parties fail to provide Lender with evidence of the insurance coverage required by this Section or at any time hereafter shall fail to obtain or maintain any of the policies of insurance required above, or to pay any premium in whole or in part relating thereto, then Lender, without waiving or releasing any obligation or default by Borrower hereunder, may at any time (but shall be under no obligation to so act), obtain and maintain such policies of insurance and pay such premium and take any other action with respect thereto, which Lender deems advisable. This insurance coverage: (i) may, but need not, protect the Credit Parties’ interest in such property, including, but not limited to, the Collateral; and (ii) may not pay any claim made by, or against, the Credit Parties in connection with such property, including, but not limited to, the Collateral. The Credit Parties may later cancel any such insurance purchased by Lender, but only after providing Lender with evidence that the insurance coverage required by this Section is in force. The costs of such insurance obtained by Lender, through and including the effective date such insurance coverage is canceled or expires, shall be payable on demand by the Credit Parties to Lender, together with interest at the Default Rate on such amounts until repaid and any other charges by Lender in connection with the placement of such insurance. The costs of such insurance, which may be greater than the cost of insurance which the Credit Parties may be able to obtain on its own, together with interest thereon at the Default Rate and any other charges by Lender in connection with the placement of such insurance may be added to the total Obligations due and owing to the extent not paid by the Credit Parties.

  • Deductibles and Self-Insurance Retentions Any deductibles or self-insured retentions must be declared to and approved by the City. The City may require the Consultant to provide proof of ability to pay losses and related investigation, claims administration and defense expenses within the deductible or self-insured retention. The deductible or self-insured retention may be satisfied by either the named insured or the City.

  • Commercial General Liability Insurance Supplier will maintain insurance covering its operations, with coverage on an occurrence basis, and must be subject to terms no less broad than the Insurance Services Office (“ISO”) Commercial General Liability Form CG0001 (2001 or newer edition), or equivalent. At a minimum, coverage must include liability arising from premises, operations, bodily injury and property damage, independent contractors, products-completed operations including construction defect, contractual liability, blanket contractual liability, and personal injury and advertising injury. All required limits, terms and conditions of coverage must be maintained during the term of this Contract. Minimum Limits: $1,000,000 each occurrence Bodily Injury and Property Damage $1,000,000 Personal and Advertising Injury $2,000,000 aggregate for products liability-completed operations $2,000,000 general aggregate

  • General Liability Insurance The Contractor must secure and maintain Commercial General Liability Insurance, including bodily injury, property damage, products, personal and advertising injury, and completed operations. This insurance must provide coverage for all claims that may arise from performance of the Contract or completed operations, whether by the Contractor or anyone directly or indirectly employed by the Contractor. Such insurance must include the State of Florida as an additional insured for the entire length of the resulting contract. The Contractor is responsible for determining the minimum limits of liability necessary to provide reasonable financial protections to the Contractor and the State of Florida under the resulting contract.

  • Insured The contractor/renter must be specifically listed as the Insured.

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