Maintain Insurances Clause Samples

Maintain Insurances use reasonable endeavours to keep in full force and effect insurance policies (except for cyber, kidnap and ▇▇▇▇▇▇) covering the assets of the relevant Group Company that are consistent with, and for amounts of cover not less than, those maintained by the Group Company at the date of this Agreement, and ensure that, to the extent within the control of the Group Company, no person does or allows to be done any act or omission that might render any such insurance void or voidable; (d)
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Maintain Insurances. The Licensee shall take out and maintain insurances with respect to the risks set out in paragraph 6 of the Schedule. All such insurances shall be for such amounts and covers and with an insurer approved by the Licensor from time to time PROVIDED ALWAYS that such approval shall not be unreasonably withheld. The Licensee shall at all times observe the conditions of policies arranged pursuant to this sub-clause and produce to the Licensor on demand such policies, and receipts for the payment of premiums and renewals of such policies. The Licensee shall not do or allow or permit to be done any act or thing which may render any policy of insurance affected pursuant to the provisions of this sub-clause void, voidable or otherwise liable to cancellation. The Licensee will provide to the Licensor certificates of currency for all required insurances prior to commencing delivery of the inspection services and on an annual basis there after when insurances are renewed.
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Maintain Insurances. The tenant must maintain the following insurances: (a) public risk insurance for the amount set out in the particulars or such higher amount as the landlord may advise the tenant from time to time; and (b) plate glass insurance for its replacement value; and (c) building insurance for the replacement cost of the motel, or such amount as the landlord may require and so advise the tenant from time to time and provided the tenant obtains the landlord's approval in writing at the commencement hereof and each review date for the tenant to maintain the Building Insurance; and (d) contents insurance; and (e) flood insurance; and (f) loss of rents and outgoings insurance for no less than twelve (12) months; and (g) all other insurances reasonably required by the landlord in connection with the motel; and (h) workers' compensation.
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Maintain Insurances. Insurances will be maintained by or for each Obligor in respect of such risks, perils and contingencies and in such amounts and on such terms as would be maintained by reasonably prudent persons carrying on the same class of business as that carried on by the Obligors save where failure to do so would not cause a Material Adverse Effect.
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Related to Maintain Insurances

  • 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.

  • Failure to Maintain Insurance Failure on the part of the Consultant to maintain the insurance as required shall constitute a material breach of agreement, upon which the City may, after giving five business days’ notice to the Consultant to correct the breach, immediately terminate the agreement or, at its discretion, procure or renew such insurance and pay any and all premiums in connection therewith, with any sums so expended to be repaid to the City on demand, or at the sole discretion of the City, offset against funds due the Consultant from the City.

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • ▇▇▇▇ ▇▇▇▇▇ Insurance (a) If an Employee is in receipt of an Incolink benefit and suffers a disability for a period of more than 14 days, they will have access to a benefit under a policy procured by Incolink to reimburse domestic bills which the worker receives and pays during their disablement. (b) This policy will reimburse up to $300 per bill up to a maximum of $6,000 for all bills for any one period of disablement. (c) The Employer will pay a contribution on behalf of each Employee of $1.50 per week per Employee in accordance with the relevant Incolink trust deed or other governing documents.

  • Comprehensive General Liability Insurance The Lessee shall procure and maintain a valid Comprehensive General Liability Insurance indemnifying the Lessor with minimum coverage of $ for personal injury and $ for damage to property.