Common use of MANUFACTURER'S INSURANCE Clause in Contracts

MANUFACTURER'S INSURANCE. HMRI shall obtain and maintain in effect for the term of this Agreement, insurance or indemnity policies with an insurer reasonably satisfactory to Rugby, in an amount not being less than *with an indemnity to principals clause with respect to the manufacture, storage or handling of Product, which policies shall name Rugby as an additional insured and shall be blanket policies. Such policies shall insure against liability on the part of HMRI and any of its Affiliates, as their interests may appear, due to injury, disability or death of any person or persons, or injury to property arising from the negligence of HMRI in the manufacture of Product. Upon the execution of this Agreement and thereafter on January 1 each year during the Term, HMRI shall provide to Rugby a certificate of insurance (i) summarizing the insurance coverage, (ii) identifying any exclusions and (iii) indicating that the terms of HMRI's insurance policies are in accordance with this Section 9.5. HMRI shall promptly notify Rugby of any alterations to the terms of the policy or in the amounts for which insurance is provided.

MANUFACTURER'S INSURANCE. HMRI shall obtain and maintain in effect for the term of this Agreement, liability insurance or indemnity policies with an insurer reasonably satisfactory to Rugby, in an amount not being less than *with an indemnity to principals clause with respect to the manufacture, storage or handling of Product, which policies shall name Rugby as an additional insured and shall be blanket policies. Such policies shall insure against liability on the part of HMRI and any of its Affiliates, as their interests may appear, due to injury, disability or death of any person or persons, or injury to property arising from the negligence of HMRI in the manufacture of Product. Upon the execution of this Agreement and thereafter on January 1 each year during the Term, HMRI shall provide to Rugby a certificate of insurance (i) summarizing the insurance coverage, (ii) identifying any exclusions and (iii) indicating that the terms of HMRI's insurance policies are in accordance with this Section 9.5. HMRI shall promptly notify Rugby of any alterations to the terms of the policy or in the amounts for which insurance is provided.