Common use of Merchant’s Liability Insurance Clause in Contracts

Merchant’s Liability Insurance. The Merchant shall continue until the Sale Termination Date, in such amounts as it currently has in effect, all of its liability insurance policies including, but not limited to, products liability, commercial general liability, auto liability, and umbrella liability insurance, covering injuries to persons and property in, or in connection with the Merchant’s operation of the Stores, and shall cause the Agent to be named as an additional insured (as its interest may appear) with respect to all such policies concerning the Merchant’s operation of the Stores. The Merchant shall deliver to the Agent certificates evidencing such insurance setting forth the duration thereof and naming the Agent as an additional insured, in form reasonably satisfactory to Agent. All such policies shall require at least 30 days’ prior notice to the Agent of cancellation, non-renewal, or material change during the Sale Term.

Appears in 3 contracts

Samples: Agency Agreement, Agency Agreement (Sharper Image Corp), Asset Purchase Agreement

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Merchant’s Liability Insurance. The Merchant shall continue at its cost and expense until the Sale Termination Date, in such amounts as it currently has in effect, all of its liability insurance policies including, but not limited to, products liability, commercial general comprehensive public liability, auto liability, liability and umbrella liability insurance, covering injuries to persons and property in, or in connection with the Merchant’s 's operation of the Stores, and shall cause the Agent to be named as an additional named insured (as its interest may appear) with respect to all such policies concerning policies. Prior to the Merchant’s operation of the Stores. The Sale Commencement Date, Merchant shall deliver to the Agent certificates evidencing such insurance setting forth the duration thereof and naming the Agent as an additional named insured, in form reasonably satisfactory to Agent. All such policies shall require at least 30 days’ thirty (30) days prior notice to the Agent of cancellation, non-renewal, renewal or material change during change. In the Sale Term.event of a claim under any such

Appears in 1 contract

Samples: Agency Agreement (Solo Serve Corp)

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