Licensor Insurance Sample Clauses

Licensor Insurance. Throughout the Term and for a period of three (3) years after the Term, Licensor 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 versions of the Licensed Products sold by the Licensor prior to the Effective Date and contractual liability coverage for Licensor’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 13.2 is purchased on a "claims-made" basis, such insurance must cover all prior acts of Licensor prior to the Term. Licensor shall have Licensee named in each policy as an additional insured. Upon request by Licensee, Licensor shall provide Licensee with certificates of insurance or other reasonable written evidence of all coverages described in this Section 13.2. Additionally, Licensor shall provide Licensee with written notice at least thirty (30) Business Days prior to Licensor cancelling, not renewing, or materially changing the insurance.

Licensor Insurance. Beginning on the Commencement Date, and thereafter at all times during the Term, the Licensor shall, at its sole cost and expense, obtain, keep and maintain insurance in the form and amounts required of the Licensor under the Arena Agreement, including Minimum Property Insurance Coverage (as defined in the Arena Agreement). The Licensor shall name the Licensee as an additional insured under all such policies.

Licensor Insurance. The Licensor's Commercial General Liability insurance in respect of the Venue shall include coverage for bodily injury liability, personal injury liability, property damage liability, premises and operations liability, blanket contractual liability, products/completed operations liability and non-owned automobile liability, with limits not less than five million dollars ($5,000,000) for each occurrence. The Licensor shall add the Host Society and its directors, officers, employees, agents, contractors and volunteers as additional insureds to such insurance coverage in respect of the Venue and any liability arising out of the operations of the named insured, and ensure that such insurance coverage includes a cross liability and severability of interest clause and that the Host Society and each such insured person is protected in the same manner and to the same extent as though a separate policy had been issued to each, but will not be required to increase the limits of liability as identified above beyond the amount or amounts for which the Licensor would be liable if there had been only one insured. Such insurance coverage shall apply as primary insurance and not excess to any other insurance available to the Host Society. The Licensor shall provide the Host Society with proof of compliance with this section upon its request and shall maintain the insurance coverage required by this section throughout the Games Period. Any reduction in the Licensor's insurance coverage as required by this section must be approved in writing by the Host Society.

Licensor Insurance. The Licensor's Commercial General Liability insurance in respect of the Venue shall include coverage for bodily injury liability, personal injury liability, property damage liability, premises and operations liability, blanket contractual liability, products/completed operations liability and non-owned automobile liability, with limits not less than five million dollars ($5,000,000) for each occurrence. The Licensor shall add the Host Society and its directors, officers, employees, agents, contractors and volunteers as additional insureds to such insurance coverage in

Licensor Insurance. Licensor will maintain Public Liability Insurance, applicable to the licensed property and certain activities thereon, written on a standard liability policy form (sometimes known as commercial general liability insurance) endorsed to provide member to member coverage, having minimum limits of $1,000,000 per occurrence bodily injury liability and property damage liability combined and $2,000,000 in the aggregate. The above provisions with respect to Licensor providing insurance are solely for the benefit of Licensee and Licensor and third parties shall have no rights under or by reason of such provisions.

Licensor Insurance a. During the term of this Agreement, Licensor shall maintain in full force and effect, at its cost and expense, the following coverages and amounts of insurance: i. Full replacement cost Property Insurance (written on an “special form” basis) for (1) the Property and all improvements thereon (including without limitation the License Premises and all electrical infrastructure for the Charging Station); and (2) all personal property, machinery, equipment and trade fixtures located at the Property or owned by Licensor; ii. Commercial General Liability insurance with a minimum combined single limit of liability of at least $5,000,000 for personal injuries or deaths of persons occurring in or about the License Premises and Property; iii. Statutory Worker’s Compensation Insurance, and Employer’s Liability limits of $1,000,000.00 per accident/per employee; and iv. Automobile Liability with a combined single limit of $5,000,000.00 that includes coverage for owned, non-owned and hired vehicles. b. Upon Licensee’s written request, Licensor shall provide Licensee with a certificate of insurance, evidencing the required coverages, stating that the insurance is primary with regard to Licensor and naming Licensee as an additional insured.

Licensor Insurance. Licensor shall maintain and will continue to maintain workers' compensation, general liability and other insurance with respect to the Boulder Facility, including insurance against loss, damage, fire, theft, public liability, environmental liability and other risks, in an amount of at least US$2 million, and will no more than annually present evidence to Licensee that such coverage is being maintained if so requested in writing by Licensee.

Licensor Insurance. Licensor, at its expense, must procure and maintain in effect without interruption throughout the Term insurance policies providing at least the following coverages and limits: (i) Commercial general liability providing coverage of at least $1 million for any one occurrence in or about the Premises (including the License Area), and $2 million in the annual aggregate, including contractual liability coverage, products/completed operations coverage, bodily injury, broad form property damage coverage, and personal injury coverage; and (ii) Property insurance covering Licensor’s real and personal property interests at the Premises on a replacement cost basis.

Licensor Insurance. Licensor shall, throughout the term of this Agreement, obtain and maintain at its own cost and expense from a qualified insurance company licensed to do business in the Territory standard comprehensive general liability insurance, including product liability insurance. Within thirty (30) days of receiving written request, Licensor agrees to furnish Licensee with a certificate of insurance evidencing such coverage. Notwithstanding the foregoing, Licensor’s obligation to maintain such insurance shall extend for five (5) years beyond the date that Licensor entirely ceases distributing and selling the Product. Licensor shall provide notice to Licensee if and when Licensor intends on terminating any such insurance policy.