Insureds. All of the policies of insurance described in --------
Subsection 5.1 shall name the Venture and each of the Venturers as named insureds, as their respective interests may appear. All such insurance shall be effected under policies issued by insurers and be in forms and for amounts Approved by both Venturers.
Insureds. Liability coverage shall name Landlord, Bond Trustee, and all Mortgagees this Lease allows and of which Tenant has received written Notice from Landlord as an “additional insured” or as an “additional participant” as respects Tenant’s acts, errors and omissions. Notwithstanding anything to the contrary in this paragraph, all Property Insurance Proceeds shall be paid and applied as this Lease provides.
Insureds. Claims made or suits brought.
Insureds. Protection will extend to BNPPLC as a Named Insured or Additional Named Insured as its interest may appear; and the policy will be modified if necessary so that the protection afforded to BNPPLC is not reduced or impaired by acts or omissions of NAI or any other beneficiary or insured. (Such modification of the policy may be by endorsement comparable to a standard mortgagee clause; not limited, however, by its terms to BNPPLC’s rights “as a mortgagee” and not conditioned upon rights of the insurer to be subrogated to BNPPLC’s rights under the Operative Documents in the event of a payment of insurance proceeds to BNPPLC.)
Insureds. The following are Insureds under this form:
1. If the “Named Insured” is:
a. An individual:
i. the “Named Insured”; and
ii. the “spouse” of the “Named Insured”, but only with respect to the conduct of a business of which the “Named Insured” is the sole owner.
b. A joint venture, limited liability partnership or partnership:
i. the joint venture, limited liability partnership or partnership;
ii. any member of and partner in such joint venture, limited liability partnership or partnership; and
iii. the “spouse” of such member or partner, but only with respect to the conduct of the business of such joint venture, limited liability partnership or partnership.
c. An association or limited liability company:
i. the association or limited liability company;
ii. any member of such association or limited liability company, but only with respect to the conduct of the business of such association or limited liability company; and
iii. any “executive officer”, director or manager of such association or limited liability company, but only with respect to duties as such.
d. A condominium corporation constituted under provincial or territorial legislation relating to condominiums or co-ownership by declaration, a strata corporation in the Province of British Columbia or a divided co-ownership syndicate in the Province of Quebec:
i. the condominium corporation, strata corporation or divided co-ownership syndicate;
ii. any “executive officer” or director of such condominium corporation, strata corporation or divided co-ownership syndicate, but only with respect to duties as such; and
iii. any unit owner of such condominium corporation, any strata lot owner of such strata corporation or any private portion owner of such divided co-ownership syndicate, or any tenant of such owner, but only with respect to liability arising from:
(a) the common property of such condominium corporation, strata corporation or divided co-ownership syndicate; or
(b) to the extent required by law, the personal actions of such owner or tenant as such, but not in connection with any business or profession.
e. A trust: i. the trust; and
Insureds. Claims made;
Insureds. XXXXXX will only directly contact insureds in the following circumstances: Promoting, marketing and selling its services or products to the general public or to groups of persons who are members of a specific industry, association, profession, club or ethnic community provided that in doing so it does not target any client of the Broker specifically; Pursuant to statutory requirements; If requested by the insured in writing; If required in relation to a claim; or If XXXXXX has been unable to obtain from or provide to the Insured any relevant notices and information following reasonable endeavours to communicate via the Broker.
Insureds. The Borrower’s full name (as per loan documents) must be either the
Insureds. The following are Insureds under this form:
1. If the “Named Insured” is:
a. An individual:
i. the “Named Insured”; and
ii. the “spouse” of the “Named Insured”, but only with respect to the conduct of a business of which the “Named Insured” is the sole owner.
b. A joint venture, limited liability partnership or partnership:
i. the joint venture, limited liability partnership or partnership;
ii. any member of and partner in such joint venture, limited liability partnership or partnership; and iii.. the “spouse” of such member or partner, but only with respect to the conduct of the business of such joint venture, limited liability partnership or partnership.
c. An association or limited liability company:
i. the association or limited liability company;
ii. any member of such association or limited liability company, but only with respect to the conduct of the business of such association or limited liability company; and
iii. any “executive officer”, director or manager of such association or limited liability company, but only with respect to duties as such.
d. An organization not described in IV. 1. a., b. or c.:
i. the organization; and
ii. any “executive officer” or director of such organization, but only with respect to duties as such.
2. If a “Named Insured” individual dies:
a. any person or organization having lawful temporary custody of the property of that “Named Insured”, but only:
i. with respect to the maintenance or use of the property; and
ii. until a legal representative for that “Named Insured” has been appointed; and
b. the legal representative of the “Named Insured”, but only with respect to duties as such.
3. Any organization acquired or formed by the “Named Insured” during the policy period over which the “Named Insured” maintains ownership or majority interest, provided:
a. such organization is not an association, joint venture, limited liability company, limited liability partnership or partnership;
b. no other similar insurance is available to such organization;
c. insurance for such organization applies only until the earliest of:
Insureds. Such commercial general liability insurance shall provide (i) product liability coverage and (ii) contractual liability coverage for Licensee's indemnification under Article VIII, Paragraphs A through C of this Agreement. If Licensee elects to self-insure all or part of the limits described above (including deductibles or retentions which are in excess of $250,000 annual aggregate), such self-insurance program must be acceptable to CMCC and the Risk Management Foundation of the Harvard Medical Institutions, Inc. The minimum amount of insurance coverage required under this Article VIII, Paragraph D. shall not be construed to create a limit of Licensee's liability with respect to its indemnification under Article VIII, Paragraphs A through C of this Agreement.
E. Licensee shall provide CMCC with written evidence of such insurance upon request of CMCC. Licensee shall provide CMCC with written notice at least thirty (30) days prior to the cancellation, non-renewal or material change in such insurance. If Licensee does not obtain replacement insurance providing comparable coverage within such thirty (30) day period, CMCC shall have the right to terminate this Agreement effective at the end of such thirty (30) day period without notice of any additional waiting periods. In such an event, Licensee shall have thirty (30) days to reinstate this Agreement by providing written evidence of replacement insurance providing comparable coverage.
F. Licensee shall maintain such commercial general liability insurance during (i) the period that any such product, process or service is being commercially distributed or sold (other than for the purpose of obtaining regulatory approvals) by Licensee or by a Sublicensee, Affiliate or agent of Licensee and (ii) a reasonable period after the period referred to above, which in no event shall be less than fifteen (15) years unless tail insurance that affords equivalent coverage is obtained.
