Obligation to Obtain Insurance Sample Clauses

Obligation to Obtain Insurance. RCP shall carry or cause Bliss Sports, Bliss Sports II or other third parties to carry, at no cost to the City, only with respect to any portion of the Property on which Infrastructure Improvements are to be constructed under this Agreement and during the period from the date of this Agreement until the Infrastructure Improvements Completion Date (except that this Article XIII will not apply to the Recreation Center Site and any portion of the Infrastructure Improvements thereon following the transfer of title to the Recreation Center Site to the City): (a) Builder’s risk insurance for the Infrastructure Improvements from the date of the execution of this Agreement until the Final Completion Date of the Infrastructure Improvements, which shall be on a 100% completed value (replacement cost) form and shall cover the perils covered under a special causes of loss (“all-risks”) form and include cold testing, windstorm, and collapse, including collapse resulting from design error; (b) Property insurance, in each case (i) providing coverage during the construction of the Infrastructure Improvements for full replacement cost for the full insurable value (as defined below) for property damage during the construction of the Infrastructure Improvements, (ii) providing coverage (including increased costs from changes in building laws, demolition costs and replacement cost coverage) for those risks which is equal or broader than that currently covered by an all-risk policy covering all improvements, fixtures and equipment comprising the Infrastructure Improvements,
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Obligation to Obtain Insurance. The Corporation shall purchase and maintain in full force and effect directors’ and officers’ liability insurance policies with a reputable insurer(s) with coverage similar in scope to those policies held by comparable companies, in comparable circumstances, to indemnify the Director against any liability or expense that may be incurred by the Director by reason of the Director being or having been a director or officer of, or holding or having held a position equivalent to that of a director or officer of, the Corporation or an associated corporation, which policies are approved by the board of directors of the Corporation.
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Obligation to Obtain Insurance. RCP shall carry or cause Bliss Sports, Bliss Sports II or other third parties to carry, at no cost to the City, only with respect to any portion of the Property on which Infrastructure Improvements are to be constructed under this Agreement and during the period from the date of this Agreement until the Infrastructure Improvements Completion Date (except that this Article XII XIII will not apply to the Recreation Center Site and any portion of the Infrastructure Improvements thereon following the transfer of title to the Recreation Center Site to the City):
Sample 1
Obligation to Obtain Insurance. Each of the Research Providers must maintain, for the duration of the Project, insurance against its liability at common law to employees engaged in the conduct of the Project (including liability for sickness, personal injury or death) and in accordance with and as required by all relevant laws relating to workers' compensation. Each of the Research Providers warrants that it will comply with any applicable Federal, State and Territory Legislation relating to workers' compensation or related matters.
Sample 1
Obligation to Obtain Insurance. RCP shall carry or cause Bliss Sports, Bliss Sports II or other third parties to carry, at no cost to the City, only with respect to any portion of the Property on which Infrastructure Improvements are to be constructed under this Agreement and during the period from the date of this Agreement until the Infrastructure Improvements Completion Date (a) Builder’s risk insurance for the Infrastructure Improvements from the date of the execution of this Agreement until the Final Completion Date of the Infrastructure Improvements, which shall be on a 100% completed value (replacement cost) form and shall cover the perils covered under a special causes of loss (“all-risks”) form and include cold testing, windstorm, and collapse, including collapse resulting from design error; (b) Property insurance, in each case (i) providing coverage during the construction of the Infrastructure Improvements for full replacement cost for the full insurable value (as defined below) for property damage during the construction of the Infrastructure Improvements, (ii) providing coverage (including increased costs from changes in building laws, demolition costs and replacement cost coverage) for those risks which is equal or broader than that currently covered by an all-risk policy covering all improvements, fixtures and equipment comprising the Infrastructure Improvements, (iii) providing for no deductible in excess of $100,000 (as increased each year by multiplying such number by the increase in the CPI for the preceding calendar year, if any) for all such insurance coverage, and (iv) covering, without limitation, loss, including but not limited to the following: (1) fire, (2) extended coverage perils, (3) vandalism and malicious mischief, (4) water damage, (5) debris removal, (6) collapse, (7) comprehensive boiler and machinery insurance, (8) earthquake, and (9) flood
Sample 1

Related to Obligation to Obtain Insurance

  • 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.

  • Xxxx Xxxxx 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 Contractor shall have and maintain comprehensive general liability insurance coverage during the entire term of the Contract, against claims arising out of bodily injury, death, damage to or destruction of the property of others, including loss of use thereof, and including underground, collapse and explosion (XCU) and products and completed operations in an amount not less than five hundred thousand dollars ($500,000.00) each occurrence and one million dollars ($1,000,000.00) in the general aggregate.

  • 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.

  • Commercial General Liability Insurance Policy Provide a Commercial General Liability Insurance Policy, including contractual liability, in adequate quantity to protect against legal liability arising out of contract activity but no less than $1,000,000 per occurrence. Additionally, the CONTRACTOR is responsible for ensuring that any subcontractors provide adequate insurance coverage for the activities arising out of subcontracts.

  • Crime Insurance Contractor shall maintain during the term of the Contract Crime Insurance on a “loss sustained form” or “loss discovered form,” and coverage must include the following:  The policy must allow for reporting of circumstances or incidents that might give rise to future claims.  The policy must include an extended reporting period of no less than one (1) year with respect to events which occurred but were not reported during the term of the policy.  Any warranties required by the Contractor’s insurer as a result of this Contract must be disclosed and complied with. Said insurance shall extend coverage to include the principals (all directors, officers, agents and employees) of the Contractor as a result of this Contract.  The policy shall include coverage for third party fidelity and name “The People of the State of New York, the New York State Office of General Services, any entity authorized by law or regulation to use this Contract as an Authorized User and their officers, agents, and employees” as “Loss Payees” for all third party coverage secured. This requirement applies to both primary and excess liability policies, as applicable.  The policy shall not contain a condition requiring an arrest and conviction.  The policy shall include coverage for computer crime/fraud.

  • Deductibles and Self-Insurance Retentions Any deductibles or self-insured retentions must be declared to and approved by the City. The City may require the Consultant to provide proof of ability to pay losses and related investigation, claims administration and defense expenses within the deductible or self-insured retention. The deductible or self-insured retention may be satisfied by either the named insured or the City.

  • ADDITIONAL INSURED ENDORSEMENT AND PRIMARY AND NON-CONTRIBUTORY INSURANCE CLAUSE Supplier agrees to list Sourcewell and its Participating Entities, including their officers, agents, and employees, as an additional insured under the Supplier’s commercial general liability insurance policy with respect to liability arising out of activities, “operations,” or “work” performed by or on behalf of Supplier, and products and completed operations of Supplier. The policy provision(s) or endorsement(s) must further provide that coverage is primary and not excess over or contributory with any other valid, applicable, and collectible insurance or self-insurance in force for the additional insureds.

  • Trauma Insurance All employees will be covered by an Incolink administered lump sum insurance policy providing financial compensation in the event of a major work related (ie. WorkCover) accident resulting in death or permanent total disablement. The full and precise conditions of this cover will be in accordance with the terms of the policy, but in general will provide that, in the event of a workplace accident occurring which results in either the death or total permanent disablement of a worker covered by this Agreement, a lump sum payment as specified below will made. The defined payments are: With dependants $250,000 Without dependants $150,000 This benefit has been agreed to by the company on the grounds that premium costs have been set at $7 per week/worker and will not exceed that amount. In the event of insurance costs rising, it is agreed that the table of defined benefits will be reduced so as to maintain the $7 premium figure. To maintain this cover the company agrees to pay the amounts every week for each employee.