Liability and Casualty Insurance. The Administrative Agent shall have received copies of insurance policies or certificates of insurance evidencing liability and casualty insurance meeting the requirements set forth herein or in the Security Documents. The Administrative Agent shall be named as loss payee and additional insured on all such insurance policies for the benefit of the Lenders.
Liability and Casualty Insurance. The Agent shall have received copies of insurance policies or certificates of insurance evidencing liability and casualty insurance meeting the requirements set forth herein, together with evidence of payment of premiums thereon.
Liability and Casualty Insurance. The Agent shall have received copies of insurance policies or certificates of insurance on behalf of insurers of the Borrower and all Guarantors, evidencing or describing in reasonable detail the types and amounts of insurance (property and liability) maintained by the Borrower and all Guarantors meeting the requirements set forth herein.
Liability and Casualty Insurance. The Administrative Agent shall have received copies of insurance policies or certificates of insurance evidencing liability and casualty insurance (including, but not limited to, business interruption insurance) meeting the requirements set forth herein.
Liability and Casualty Insurance. 15.1 During the Term, Lessee at its sole cost and expense shall:
15.1.1 Keep all building(s) and improvements and equipment on, in or appurtenant to the Premises at the commencement of the Term and thereafter erected thereon or therein, including all alterations, insured against loss or damage by fire and such other risks as may be included in the standard form of extended coverage from time to time available, and against such other risks as Lessor from time to time reasonably may designate, in an amount not less than 100% of the then “full replacement cost” (exclusive of the cost of excavations, foundations and footings below the lowest basement floor). Such full replacement cost shall be determined from time to time, at the request of Lessor, by one of Lessee’s insurers or, at the option of Lessor, by an appraiser, architect or contractor selected by Lessor and reasonably acceptable to Lessee. No omission on the part of Lessor to request any such determination shall relieve Lessee of any of its obligations under this Section 15.1.1.
15.1.2 Provide and keep in force comprehensive general public liability insurance against claims for personal injury, death or property damage occurring on, in or about the Premises or on, in or about the adjoining street, property and passageways, such insurance to afford minimum protection, during the Term of this Lease, of not less than $10,000,000 in respect of personal injury or death to any one person, and of not less than $10,000,000 in respect of any one occurrence, and of not less than $5,000,000 for property damage or such other minimum amounts as Lessor may require.
15.2 Certificates of the insurance referred to in Section 15.1 shall be delivered by Lessee to Lessor.
15.3 It is expressly understood and agreed that Lessor is not obligated to obtain or pay for insurance on the Premises.
Liability and Casualty Insurance. Tenant shall, at Tenant's expense, -------------------------------- obtain and keep in force during the term of this Lease a policy of comprehensive general liability insurance, including personal injury liability, contractual liability, and completed operations liability (if applicable), insuring Landlord and Tenant against any liability arising out of the use, occupancy or maintenance of the Premises. Such insurance shall be in the amount of not less than One Million and no/100ths Dollars ($1,000,000.00) for bodily injury and property damage for any one accident or occurrence. Fire and casualty insurance with extended coverage in an amount of not less than Fifty Thousand and no/100ths Dollars ($50,000.00) covering Tenant's personal property and equipment shall also be obtained and kept in force during the term of this Lease at Tenant's expense. The limit of any of such insurance shall not limit the liability of Tenant hereunder. If Tenant fails to procure and maintain such insurance Landlord may, after ten (10) days notice and opportunity to cure, but shall not be required to, procure and maintain the same, at Tenant's expense to be reimbursed by Tenant as Additional Rent within ten (10) days of written demand. All insurance required to be obtained by Tenant hereunder shall be issued by companies reasonably acceptable to Landlord. Thirty (30) days prior to the Lease Commencement Date, Tenant shall deliver to Landlord certificates of liability insurance required herein with loss payable clauses satisfactory to Landlord. Any deductible under such insurance policy in excess of Ten Thousand and no/100ths Dollars ($10,000.00) must be approved by Landlord in writing prior to issuance of such policy. No policy shall be cancelable, allowed to lapse and/or expire and/or be subject to reduction of coverage except upon thirty (30) days' prior written notice to Landlord. All such policies shall name Landlord as named insureds and Tenant's casualty policies shall be written as primary policies not contributing with and not in excess of coverage which Landlord may carry. The policy limits set forth herein shall be subject to periodic review, and Landlord reserves the right to require that Tenant increase the liability coverage limits if, in the reasonable opinion of Landlord, the coverage becomes inadequate and is less than commonly maintained by tenants making similar uses of similar buildings in the vicinity of the Building. Tenant shall obtain any revised or increa...
Liability and Casualty Insurance. For the duration of this Agreement, each Party shall maintain its own public liability and property damage insurance of at least five million ($5,000,000) of coverage against claims for injuries to persons or damage to property, which may arise from or in connection with the performance of this Agreement by its officers, officials, employees or volunteers. This insurance requirement may be satisfied by a commercial policy or policies of insurance or a self-insurance retention program adopted by a Party.
Liability and Casualty Insurance. The Lessee shall, at its own cost and expense, procure and maintain, or cause to be procured and maintained, liability insurance and indemnification with respect to the Nuclear Material insuring and indemnifying the Lessor, the Owner Trustee, U.S. Trust, the Lessee, and the Secured Parties to the full extent required or available, whichever may be greater, under the Atomic Energy Act or under any other applicable law, rule or regulation. In the event the provisions of the Atomic Energy Act with respect to liability insurance and the indemnification of owners, licensees and operators of Nuclear Material or any other provisions of the Atomic Energy Act which benefit the Lessor, the Owner Trustee, U.S. Trust or the Secured Parties shall change, then the Lessee shall use its best efforts to obtain equivalent insurance and indemnification agreements from the Nuclear Regulatory Commission or from such other public and/or private sources from which such coverage is available. The Lessee shall also, at its own cost and expense, procure and maintain, or cause to be procured and maintained, physical damage insurance with respect to the Nuclear Material insuring the Lessor, the Owner Trustee, U.S. Trust and the Secured Parties against loss or damage to the Nuclear Material in a manner which is consistent at all times with current prudent utility industry practice in the United States; provided, however, that the Lessee shall in any event maintain physical damage insurance coverage for its Oyster Creek nuclear generating station site, including the Nuclear Material, in an amount not less than $1.11
Liability and Casualty Insurance. The Lessee shall, at its own cost and expense, procure and maintain, or cause to be procured and maintained, liability insurance and indemnification with respect to the Nuclear Material insuring and indemnifying the Lessor, the Owner Trustee, U.S. Trust, the Lessee, and the Secured Parties to the full extent required or available, whichever may be greater, under the Atomic Energy Act or under any other applicable law, rule or regulation. In the event the provisions of the Atomic Energy Act with respect to liability insurance and the indemnification of owners, licensees and operators of Nuclear Material or any other provisions of the Atomic Energy Act which benefit the Lessor, the Owner Trustee, U.S. Trust or the Secured Parties shall change, then the Lessee shall use its best efforts to obtain equivalent insurance and
Liability and Casualty Insurance. The Administrative Agent shall have received (i) a report from a third party acceptable to the Administrative Agent regarding the Credit Parties’ insurance status and coverage and (ii) copies of insurance policies or certificates of insurance evidencing liability and casualty insurance (including, but not limited to, business interruption insurance) meeting the requirements set forth herein or in the Security Documents. The Administrative Agent shall be named as loss payee on all casualty insurance policies and as additional insured on all liability insurance policies, in each case for the benefit of the Lenders.
