Licensee Insurance Sample Clauses
The licensee-insurance clause requires the licensee to obtain and maintain specific types and amounts of insurance coverage during the term of the agreement. Typically, this includes general liability, professional liability, or other relevant policies, and may require the licensor to be named as an additional insured. By mandating insurance, this clause ensures that the licensee is financially prepared to address potential claims or liabilities arising from their activities, thereby protecting both parties from unforeseen risks and losses.
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Licensee Insurance. Licensee shall maintain, at all times during the Term, Commercial general liability insurance including coverage for personal injury, bodily injury, death, and broad form property damage, including loss of use of property, occurring in the course of or in any way related to Licensee’s operations, in the amount of not less than Five Million Dollars ($5,000,000.00) combined single limit per occurrence. The Licensee shall add the Licensor as an additional insured on the aforementioned insurance policies prior to commencing any work at the Building. At the Licensor’s reasonable request, the Licensee shall provide a certificate of insurance confirming that policies as required in this Agreement are in force. The commercial general liability policy shall contain a provision whereby the insurers will endeavour to provide thirty (30) days’ notice of cancellation to the Licensor. It is acknowledged and agreed that the Licensee may not satisfy all or any part of this property insurance requirement through self-insurance.
Licensee Insurance. LICENSEE shall maintain insurance during the Term, at its sole cost and expense, of the types and in amounts which are reasonable and customary in the U.S. pharmaceutical industry for companies of comparable size and activities obtained from a reputable insurer to protect against potential liabilities and risk arising out of activities to be performed under this Agreement and upon such terms (including coverages and deductible limits) as are customary in the U.S. pharmaceutical industry generally for the activities to be conducted by LICENSEE under this Agreement. Upon written request from NOVARTIS, LICENSEE shall promptly provide written evidence (e.g., certificates) of such insurance to NOVARTIS.
Licensee Insurance. Licensee shall maintain, at its cost, a program of insurance and/or self insurance against liability and other risks associated with its activities and obligations under this Agreement, including its Clinical Trials, the commercialization of any Licensed Products by Licensee, and its indemnification obligations hereunder, in such amounts, subject to such deductibles and on such terms as are customary for a company such as Licensee for the activities to be conducted by it under this Agreement.
Licensee Insurance. Licensee shall at all times during the term of the License, at its own expense, maintain, keep in effect, furnish and deliver to Licensor certificates of liability insurance policies, insuring against all liability for injuries to persons and damage to property arising from Licensee’s use of the and may do so through self-insurance. The Licensee shall secure and maintain such primary insurance policies as will protect himself or his Subcontractors from claims for bodily injuries, death or property damage which may arise from operations under this contract whether such operations be by himself or by any Subcontractor or anyone employed by them directly or indirectly. The following insurance policies are required unless other limits are specified. The City shall be named as an additional insured under General Liability.
Licensee Insurance. Licensee shall maintain commercial general liability insurance and Workers’ Compensation Insurance (as applicable) and shall provide the City with evidence thereof, such evidence to be continually updated by Licensee upon renewal. Any commercial general liability policy shall have minimum limits of Two Million Dollars ($2,000,000.00) per occurrence, and no less than Two Hundred and Fifty ($250,000.00) in coverage for damages to the property, including the Premises and Licensed Improvements. Said policy shall name the City of ▇▇▇▇▇▇ as an additional insured for the purposes of the Premises and Licensed Improvements.
Licensee Insurance. Before commencing any activities or entering onto the Property with a licensed motorized vehicle, Licensee shall maintain in full force and effect at all times during the Term, automobile insurance policies with minimum limits as required by the state in which the Property is located and will provide evidence of such insurance to a representative of Licensor or ▇▇▇▇▇▇▇▇ upon request. Licensee’s insurance coverage shall be primary, exclusive of any coverage carried by any of the Indemnified Parties, and shall be exhausted first notwithstanding that the Indemnified Parties may have other valid and collectible insurance covering the same risk. No provision herein with regard to insurance shall reduce or change the indemnity obligations in this Agreement, nor limit Licensee’s liability under this Agreement or otherwise to the scope or the amount of the insurance coverage. Licensee is responsible for obtaining additional types of insurance coverage as Licensee, in Licensee’s reasonable discretion, may determine to be necessary or in Licensee’s best interest. Licensee shall cause all Licensee Related Parties to comply with the insurance requirements set forth in this Section.
Licensee Insurance. Commencing on the date upon which COUNTY delivers the Licensed Premises to LICENSEE and at all times thereafter, LICENSEE shall cause to be carried and maintained, at no cost to COUNTY, the insurance coverages attached hereto as Exhibit D. COUNTY may change the types of required coverages from time to time as circumstances and changes in use of the Property warrant.
Licensee Insurance. Throughout the Term and for a period of three (3) years after the Term, Licensee shall, at its sole cost and expense, obtain, pay for, and maintain in full force and effect commercial general liability and professional liability (Errors and Omissions) insurance in commercially reasonable and appropriate amounts that (a) provides product liability coverage concerning the Licensed Products and contractual liability coverage for Licensee’s defense and indemnification obligations under this Agreement, and (b) in any event, provide commercial general liability limits of not less than two million US dollars ($2,000,000) and product liability insurance limits of not less than ten million US dollars ($10,000,000), in each case as an annual aggregate for all claims each policy year. To the extent any insurance coverage required under this Section 13.1 is purchased on a "claims-made" basis, such insurance must cover all prior acts of Licensee during the Term. Licensee shall have Licensor named in each policy as an additional insured. Upon request by Licensor, Licensee shall provide Licensor with certificates of insurance or other reasonable written evidence of all coverages described in this Section 13.1. Additionally, Licensee shall provide Licensor with written notice at least thirty (30) Business Days prior to Licensee cancelling, not renewing, or materially changing the insurance.
Licensee Insurance. Licensee shall, at its sole cost and expense, take out and maintain in full force and effect, at all times throughout the Term, the following insurance:
14.1.1 commercial general liability and property damage insurance, including but not limited to, personal liability, contractual liability, tenants' legal liability, non-owned automobile liability, and owners ' and contractors' protective insurance coverage with respect to the Licensee Premises, which coverage shall include the business operations conducted by the Licensee and any other Person on the Licensee Premises. Such policies shall be written on a comprehensive basis with coverage for any one occurrence or claim of not less than five million dollars ($5,000,000) in the aggregate during any one twelve (12) month period, or such higher limits as RDT may reasonably require from time to time;
14.1.2 Licensee shall have in full force and effect and will maintain during the Term and for a period of 2 years after the term, at its own expense and cost, product liability insurance of not less than US ten million dollars ($10,0000,000) in the aggregate during any one twelve (12) month period of insurance; and
14.1.3 such other forms of insurance as may be reasonably required by RDT from time to time as set out in
Licensee Insurance. Prior to the entry by Licensee or any of its Representatives onto the Property, Licensee shall, at Licensee’s expense, obtain or cause to be obtained and kept in force during the Term a policy of commercial general liability insurance, with limits of liability of $1,000,000 per occurrence and $2,000,000 general aggregate, excess liability/umbrella coverage with a $10,000,000 limit of liability, and business auto liability insurance including all owned, non-owned and hired autos in an amount not less than $1,000,000 per occurrence, combined single limit. Such policies shall be written on an occurrence basis, shall be endorsed to name Licensor and its officers, directors, agents, employees, contractors and affiliates (collectively, the “Licensor Group”) as additional insureds and shall contain a waiver of subrogation against Licensor and the Licensor Group. Such insurance shall be primary and not contributing with any insurance maintained by Licensor. Said insurance shall include contractual liability coverage covering Licensee’s indemnification obligations under Paragraph 8(c) below. Such insurance shall be issued by a company or companies rated “A-/VIII” or better by A. M. Best Co., in Best’s Key Guide. On or prior to the entry by Licensee or its Representatives onto the Property, Licensee shall provide Licensor with copies of certificates of insurance in form and content reasonably acceptable to Licensor evidencing that such insurance has been obtained.