Other Insurance Matters Sample Clauses
Other Insurance Matters. All insurance required to be carried by Tenant under this Lease shall (i) be issued by insurance companies authorized to do business in the State of Washington with a rating of A/VI or better as rated in the most recent edition of Best's Insurance Reports (ii) be issued as a primary policy; and (iii) contain an endorsement requiring thirty (30) days' prior written notice from the insurance company to both parties, to Landlord's Agent, and, if requested by Landlord, to Landlord's lender, before cancellation or change in the coverage, scope, or amount of any policy. Each policy or a certificate of the policy, together with evidence of payment of premiums, shall be deposited with Landlord on or before the Commencement Date, and on renewal of the policy not less than ten (10) days before expiration of the term of the policy.
Other Insurance Matters. Apart from the matters set forth above, the coverage and terms of any insurance with respect to any Aircraft Assets (a) subject to a Lease, shall be negotiated on a basis consistent with Sections 3(b) and (c) of Schedule 2.02(a) to the Servicing Agreement and (b) not subject to a Lease, shall be substantially consistent with the customary practices of the Servicer regarding similar equipment.
Other Insurance Matters. All the insurance required of Lessee under this Lease shall:
(1) Be issued by insurance companies authorized to do business in the State of California, with a Best’s rating of not less than A- VII; and
(2) Be issued as a primary policy. In addition, Lessee will endeavor to obtain from its carrier an endorsement in which the carrier agrees to provide thirty (30) days’ written notice [ten (10) days notice if cancellation due to non-payment of premium] to Lessor and Lessor's lender if required by Lessor, before cancellation or change in the coverage, scope, or amount of any policy. If Lessee’s carrier refuses to provide such endorsement, Lessee shall provide to Lessor notice of any cancellation of the insurance required by this Paragraph 14 to be carried by Lessee to Lessor within ten (10) business days of its receipt of such notice of cancellation or its failure to pay any premium for any such required insurance.
Other Insurance Matters. Apart from the matters set forth above, the coverage and terms of any insurance with respect to any Aircraft Assets not subject to a Lease shall be substantially consistent with the reasonable commercial practices of the Servicer with respect to its own aircraft.
Other Insurance Matters. All insurance required under this Agreement shall:
(a) Be subject to deductibles not exceeding amounts customarily provided for hospitals of similar size, structure, and replacement value located in the State of California.
(b) Be issued by insurance companies authorized to do business in the State of California, with a financial rating of at least B+ status as rated by the most recent edition of Best’s Insurance Reports.
(c) Name Xxxxxx as additional insured.
Other Insurance Matters. The Executive hereby agrees that the Company may continue, renew and/or purchase term or other insurance (whether group or individual) on his life pursuant to which the Company is or shall be, as the case may be, the beneficiary and further agrees to take all reasonable actions, including undergoing a physical examination, requested by the Company in order to facilitate its continuing, renewing and/or obtaining such insurance.
Other Insurance Matters. All the insurance required under this Lease shall:
(1) Be issued by insurance companies authorized to do business in the state of California, with a financial rating of at least an A status as rated in the most recent edition of Best’s Insurance Reports.
(2) Be issued as a primary policy.
(3) Contain an endorsement requiring thirty (30) days’ written notice from the insurance company to both parties, and Lessor’s lender if so required by Lessor, before cancellation or change in the coverage, scope, or amount of any policy. Each policy, or a certificate of the policy, together with evidence of payment of premiums, shall be deposited with the other party within 20 days of the Lease Commencement Date, and on renewal of the policy not less than 20 days before expiration of the term of the policy.
Other Insurance Matters. Parent will purchase and maintain product liability and errors & omissions run-off insurance coverage for a period of seven years as is customary for companies in similar businesses and stages, covering their legal liability for the products and the services provided, delivered or manufactured prior to the Closing.
Other Insurance Matters. (a) The Parties intend by this Agreement that, except as provided in Section 5.16 and to the extent permitted under the terms of any applicable insurance policy, Veoneer, each other member of the Veoneer Group and each of their respective directors, officers and employees will be successors in interest and will have and be fully entitled to continue to exercise all rights that any of them may have as of the Distribution Effective Time (with respect to events occurring or claimed to have occurred before the Distribution Effective Time) as a Subsidiary, Affiliate, division, director, officer or employee of Autoliv before the Distribution Effective Time under any insurance policy, including any rights that Veoneer, any other member of the Veoneer Group or any of its or their respective directors, officers, or employees may have as a named insured, Subsidiary, Affiliate, division, director, officer or employee to avail itself, himself or herself of any policy of insurance or any agreements related to the policies in effect before the Distribution Effective Time, with respect to events occurring before the Distribution Effective Time.
(b) After the Distribution Effective Time, Autoliv (and each other member of the Autoliv Group) and Veoneer (and each other member of the Veoneer Group) shall not, without the consent of Veoneer or Autoliv, respectively (such consent not to be unreasonably withheld, conditioned or delayed), provide any insurance carrier with a release or amend, modify or waive any rights under any insurance policy if such release, amendment, modification or waiver thereunder would materially adversely affect any rights of the other Party or any member of the other Party’s Group with respect to insurance coverage otherwise afforded to such other Party or other member of such other Party’s Group for pre-Distribution claims; provided, however, that the foregoing shall not (i) preclude any member of any Group from presenting any claim or from exhausting any policy limit, (ii) require any member of any Group to pay any premium or other amount or to incur any Liability or (iii) require any member of any Group to renew, extend or continue any policy in force.
(c) The provisions of this Agreement are not intended to relieve any insurer of any Liability under any policy.
(d) No member of the Autoliv Group or any Autoliv Indemnitee will have any Liability whatsoever to any member of the Veoneer Group as a result of the insurance policies as in effect at any...
Other Insurance Matters. All the insurance required under this Lease shall:
(1) be issued by insurance companies licensed and authorized to do business in the State of California, with a “General Policyholders Rating” of at least an A-, VIII as set forth in the most recent edition of Best’s Insurance Guide.
(2) contain a provision stating that the insurer shall endeavor to provide at least thirty (30) days written notice to Landlord prior to any cancellation of such policy, and additionally Tenant covenants and agrees to provide such notice to Landlord (provided, however, that Landlord acknowledges that, as of the Lease Date, a majority of United States insurers will not agree to provide third parties (such as Landlord) notice of cancellation, and agrees that if Tenant’s insurer is similarly unwilling to provide notice to Landlord of the policy cancellation, Tenant’s obligation pursuant to the provisions of this clause (2) shall be to promptly give Landlord notice of Tenant’s receipt of any notice of cancellation from Tenant’s insurer).
(3) be renewed not less than five (5) days before expiration of the term of the policy. Each policy of insurance required under this Lease, or a certificate of the policy, together with evidence of payment of premiums, shall be deposited with Landlord prior to delivery and/or admittance of Tenant to the Premises, and on each renewal of the policy. In the event Tenant fails, at any time during the Term, to keep said insurance in full force and effect, Landlord may pay the necessary premiums therefore and the repayment thereof, plus an administrative surcharge of ten percent (10%), shall be deemed to be a part of the Rent due hereunder, payable as such on the next date upon which Base Monthly Rental becomes due.