Common use of ORIGINAL ENDORSEMENT Clause in Contracts

ORIGINAL ENDORSEMENT. Each insurance policy required by this Agreement shall be endorsed to the Philanthropic Foundation and state that coverage shall not be cancelled by either party, except after thirty (30) days’ prior written notice by certified mail, return receipt requested, has been given to the Foundation. Insurance shall be placed with insurers with a current A.M. Best’s rating of no less than A-VII, unless otherwise agreed to by Foundation. Company hereby grants to the Philanthropic Foundation a waiver of any right to subrogation which any insurer of said Company may acquire against the Philanthropic Foundation by virtue of the payment of any loss under such insurance. Company agrees to obtain any endorsement that may be necessary to effect this waiver of subrogation, and this provision applies regardless of whether or not the Philanthropic Foundation has received a waiver of subrogation endorsement from the insurer. For any claims related to this Agreement, the Company’s insurance coverage shall be primary

ORIGINAL ENDORSEMENT. Each insurance policy required by this Agreement shall be endorsed to the Philanthropic Foundation and state that coverage shall not be cancelled by either party, except after thirty (30) days’ prior written notice by certified mail, return receipt requested, has been given to the Foundation. Insurance shall be placed with insurers with a current A.M. Best’s rating of no less than A-VII, unless otherwise agreed to by Foundation. 7. Company hereby grants to the Philanthropic Foundation a waiver of any right to subrogation which any insurer of said Company may acquire against the Philanthropic Foundation by virtue of the payment of any loss under such insurance. Company agrees to obtain any endorsement that may be necessary to effect this waiver of subrogation, and this provision applies regardless of whether or not the Philanthropic Foundation has received a waiver of subrogation endorsement from the insurer. For any claims related to this Agreement, the Company’s insurance coverage shall be primary