Common use of Other Required Coverage Clause in Contracts

Other Required Coverage. (a) Each Party will maintain automobile liability insurance against claims for bodily injury, death and property damage, with limits of not less than $1,000,000 per person and not less than $1,000,000 per accident or occurrence; alternatively, combined single limits of not less than $1,000,000. Such insurance will name the other Party, its parents, subsidiaries and Affiliates as additional insureds thereunder, and will be primary and non-contributory to any other insurance available to such other Party, its parents, subsidiaries and Affiliates as insureds or otherwise. (b) Each Party will maintain commercial general liability insurance (including, without limitation, coverage for Contractual Liability and Products/Completed Operations) against claims for bodily injury, death and property damage, with limits of not less than $3,000,000 in one accident or occurrence; alternatively, combined single limits of not less than $3,000,000 each accident or occurrence, $3,000,000 Products/Completed Operations aggregate and $3,000,000 general aggregate. Such insurance will name the other Party, its parents, subsidiaries and Affiliates as additional insureds thereunder, and will be primary and non-contributory to any other insurance available to such other Party, its parents, subsidiaries and Affiliates as insureds or otherwise. (c) The minimum limits of coverage required by this Agreement may be satisfied by a combination of primary and excess or umbrella insurance policies; provided that any such excess or umbrella insurance policies follow the form of the primary insurances and contain a drop down provision in case of exhaustion of underlying limits and/or aggregates. (d) Each Party waives all rights against the other Party and its employees and agents for all losses and damages caused by, arising out of or resulting from any of the perils or causes of loss covered by the policies contemplated by Sections 10.1 and 10.2 and any other property insurance applicable to the Facility.

Appears in 3 contracts

Samples: Oil Feedstock Supply Agreement, Oil Feedstock Supply Agreement (REG Newco, Inc.), Oil Feedstock Supply Agreement (Renewable Energy Group, Inc.)

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Other Required Coverage. (a) Each Party will maintain automobile liability insurance covering owned, hired, and non-owned vehicles against claims for bodily injury, death and property damage, with limits of not less than $1,000,000 per person and not less than $1,000,000 per accident or occurrence; alternatively, a combined single limits limit of not less than $1,000,000, or equivalent coverage using split limits. Such insurance will name the other Party, its parents, subsidiaries and Affiliates as additional insureds thereunder, and will be primary and non-contributory to any other insurance available to such other Party, its parents, subsidiaries and Affiliates as insureds or otherwise. (b) Each Party will maintain commercial general liability insurance (including, without limitation, coverage for Contractual Liability and Products/Completed Operations) against claims for bodily injury, death and property damage, with limits of not less than $3,000,000 1,000,000 for each occurrence and $1,000,000 in one accident or occurrence; alternatively, combined single limits of not less than $3,000,000 each accident or occurrence, $3,000,000 the General and Products/Completed Operations aggregate and $3,000,000 general aggregateAggregate. Such insurance will name the other Party, its parents, subsidiaries and Affiliates as additional insureds thereunderthere under, and will be primary and non-contributory to any other insurance available to such other Party, its parents, subsidiaries and Affiliates as insureds or otherwise. (c) The minimum limits of coverage required by this Agreement may be satisfied by a combination of primary and An excess or umbrella insurance policies; provided that any such liability policy with a limit of not less than $2,000,000 per occurrence and $2,000,000 aggregate. Such excess or umbrella insurance policies liability policy shall follow the form of with the primary insurances liability policies, and contain a drop drop-down provision in case of exhaustion impairment of underlying limits and/or aggregateslimits. (d) Notwithstanding the provisions of Section 10.1(b) and (c), each Party's total coverage under both its commercial general liability insurance in Section 10.1(b) and excess or umbrella liability policy in Section 10.1(c) must have combined limits together totalling $4,000,000 for each occurrence and $4,000,000 aggregate. (e) Worker's Compensation insurance providing statutory benefits for injury or disease in the state(s) of operation of the Parties, and Employer's Liability with limits of at least $500,000 for individual injury or disease, with an aggregate of $500,000 for disease. (f) Each Party waives all rights against the other Party and its employees and agents for all losses and damages caused by, arising out of or resulting from any of the perils or causes of loss of the Party covered by the policies contemplated by Sections Section 10.1 and 10.2 and any other property insurance covering the Party applicable to the Facility.

Appears in 2 contracts

Samples: Grain Feedstock Agency Agreement (Southwest Iowa Renewable Energy, LLC), Grain Feedstock Agency Agreement (Southwest Iowa Renewable Energy, LLC)

Other Required Coverage. (a) Each Party will maintain automobile liability insurance against claims for bodily injury, death and property damage, with limits of not less than $1,000,000 per person and not less than $1,000,000 per accident or occurrence; alternatively, combined single limits of not less than $1,000,000. Such insurance will name the other Party, its parents, subsidiaries and Affiliates as additional insureds thereunder, and will be primary and non-contributory to any other insurance available to such other Party, its parents, subsidiaries and Affiliates as insureds or otherwise. (b) Each Party will maintain commercial general liability insurance (including, without limitation, coverage for Contractual Liability and Products/Completed Operations) against claims for bodily injury, death and property damage, with limits of not less than $3,000,000 in one accident or occurrence; alternatively, combined single limits of not less than $3,000,000 each accident or occurrence, $3,000,000 Products/Completed Operations aggregate and $3,000,000 general aggregate. Such insurance will name the other Party, its parents, subsidiaries and Affiliates as additional insureds thereunder, and will be primary and non-contributory to any other insurance available to such other Party, its parents, subsidiaries and Affiliates as insureds or otherwise. (c) The minimum limits of coverage required by this Agreement may be satisfied by a combination of primary and excess or umbrella insurance policies; provided that any such excess or umbrella insurance policies follow the form of the primary insurances and contain a drop down provision in case of exhaustion of underlying limits and/or aggregates. Policies provided hereunder shall provide for thirty (30) days prior written notice of any cancellation or material change. (d) Each Party waives all rights against the other Party and its employees and agents for all losses and damages caused by, arising out of or resulting from any of the perils or causes of loss covered by the policies contemplated by Sections Section 10.1 and 10.2 and any other property insurance applicable to the Facility.

Appears in 2 contracts

Samples: Oil Feedstock Supply Agreement (Renewable Energy Group, Inc.), Oil Feedstock Supply Agreement (Renewable Energy Group, Inc.)

Other Required Coverage. (a) Each Party will maintain automobile liability insurance covering owned, hired, and non-owned vehicles against claims for bodily injury, death and property damage, with limits of not less than $1,000,000 per person and not less than $1,000,000 per accident or occurrence; alternatively, a combined single limits limit of not less than $1,000,000, or equivalent coverage using split limits. Such insurance will name the other Party, its parents, subsidiaries and Affiliates as additional insureds thereunder, and will be primary and non-contributory to any other insurance available to such other Party, its parents, subsidiaries and Affiliates as insureds or otherwise. (b) Each Party will maintain commercial general liability insurance (including, without limitation, coverage for Contractual Liability and Products/Completed Operations) against claims for bodily injury, death and property damage, with limits of not less than $3,000,000 1,000,000 for each occurrence and $1,000,000 in one accident or occurrence; alternatively, combined single limits of not less than $3,000,000 each accident or occurrence, $3,000,000 the General and Products/Completed Operations aggregate and $3,000,000 general aggregateAggregate. Such insurance will name the other Party, its parents, subsidiaries and Affiliates as additional insureds thereunderthere under, and will be primary and non-contributory to any other insurance available to such other Party, its parents, subsidiaries and Affiliates as insureds or otherwise. (c) The minimum limits of coverage required by this Agreement may be satisfied by a combination of primary and An excess or umbrella insurance policies; provided that any such liability policy with a limit of not less than $2,000,000 per occurrence and $2,000,000 aggregate. Such excess or umbrella insurance policies liability policy shall follow the form of with the primary insurances liability policies, and contain a drop drop-down provision in case of exhaustion impairment of underlying limits and/or aggregateslimits. (d) Notwithstanding the provisions of Section 12.1(b) and (c), each Party’s total coverage under both its commercial general liability insurance in Section 12.1(b) and excess or umbrella liability policy in Section 12.1(c) must have combined limits together totaling $4,000,000 for each occurrence and $4,000,000 aggregate. (e) Worker’s Compensation insurance providing statutory benefits for injury or disease in the state(s) of operation of the Parties, and Employer’s Liability with limits of at least $500,000 for individual injury or disease, with an aggregate of $500,000 for disease. (f) Each Party waives all rights against the other Party and its employees and agents for all losses and damages caused by, arising out of or resulting from any of the perils or causes of loss of the Party covered by the policies contemplated by Sections 10.1 and 10.2 Section 12.1 and any other property insurance covering the Party applicable to the Facility.

Appears in 1 contract

Samples: Ethanol Purchase Agreement (Southwest Iowa Renewable Energy, LLC)

Other Required Coverage. (a) Each Party will maintain automobile liability insurance covering owned, hired, and non-owned vehicles against claims for bodily injury, death and property damage, with limits of not less than $1,000,000 per person and not less than $1,000,000 per accident or occurrence; alternatively, a combined single limits limit of not less than $1,000,000, or equivalent coverage using split limits. Such insurance will name the other Party, its parents, subsidiaries and Affiliates as additional insureds thereunder, and will be primary and non-contributory to any other insurance available to such other Party, its parents, subsidiaries and Affiliates as insureds or otherwise. (b) Each Party will maintain commercial general liability insurance (including, without limitation, coverage for Contractual Liability and Products/Completed Operations) against claims for bodily injury, death and property damage, with limits of not less than $3,000,000 1,000,000 for each occurrence and $1,000,000 in one accident or occurrence; alternatively, combined single limits of not less than $3,000,000 each accident or occurrence, $3,000,000 the General and Products/Completed Operations aggregate and $3,000,000 general aggregateAggregate. Such insurance will name the other Party, its parents, subsidiaries and Affiliates as additional insureds thereunderthere under, and will be primary and non-contributory to any other insurance available to such other Party, its parents, subsidiaries and Affiliates as insureds or otherwise. (c) The minimum limits of coverage required by this Agreement may be satisfied by a combination of primary and An excess or umbrella insurance policies; provided that any such liability policy with a limit of not less than $2,000,000 per occurrence and $2,000,000 aggregate. Such excess or umbrella insurance policies liability policy shall follow the form of with the primary insurances liability policies, and contain a drop drop-down provision in case of exhaustion impairment of underlying limits and/or aggregateslimits. (d) Notwithstanding the provisions of Section 12.1(b) and (c), each Party's total coverage under both its commercial general liability insurance in Section 12.1(b) and excess or umbrella liability policy in Section 12.1(c) must have combined limits together totalling $4,000,000 for each occurrence and $4,000,000 aggregate. (e) Worker's Compensation insurance providing statutory benefits for injury or disease in the state(s) of operation of the Parties, and Employer's Liability with limits of at least $500,000 for individual injury or disease, with an aggregate of $500,000 for disease. (f) Each Party waives all rights against the other Party and its employees and agents for all losses and damages caused by, arising out of or resulting from any of the perils or causes of loss of the Party covered by the policies contemplated by Sections 10.1 and 10.2 Section 12.1 and any other property insurance covering the Party applicable to the Facility.

Appears in 1 contract

Samples: Ethanol Purchase Agreement (Southwest Iowa Renewable Energy, LLC)

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Other Required Coverage. (a) Each Party will maintain automobile liability insurance against claims for bodily injury, death and property damage, with limits of not less than $1,000,000 per person and not less than $1,000,000 per accident or occurrence; alternatively, combined single limits of not less than $1,000,000. Such insurance will name the other Party, its parents, subsidiaries and Affiliates affiliates as additional insureds thereunder, and will be primary and non-contributory to any other insurance available to such other Party, its parents, subsidiaries and Affiliates affiliates as insureds or otherwise. (b) Each Party will maintain commercial general liability insurance (including, without limitation, coverage for Contractual Liability and Products/Completed Operations) against claims for bodily injury, death and property damage, with limits of not less than $3,000,000 in one accident or occurrence; alternatively, combined single limits of not less than $3,000,000 each accident or occurrence, $3,000,000 Products/Completed Operations aggregate and $3,000,000 general aggregate. Such insurance will name the other Party, its parents, subsidiaries and Affiliates affiliates as additional insureds thereunder, and will be primary and non-contributory to any other insurance available to such other Party, its parents, subsidiaries and Affiliates affiliates as insureds or otherwise. (c) The minimum limits of coverage required by this Agreement may be satisfied by a combination of primary and excess or umbrella insurance policies; provided that any such excess or umbrella insurance policies follow the form of or provide broader coverages than the primary insurances and contain a drop down provision in case of exhaustion or unavailability of underlying limits and/or aggregates. (d) Each Party Producer waives all rights against the other Party Bunge and its employees and agents for all losses and damages caused by, arising out of or resulting from any of the perils or causes of loss covered by the policies contemplated by Sections 10.1 Section 8.1 and 10.2 8.2 and any other property insurance applicable to the Facility.

Appears in 1 contract

Samples: Corn Feedstock Supply Agency Agreement (Cardinal Ethanol LLC)

Other Required Coverage. (a) Each Party will maintain automobile liability insurance covering owned, hired, and non-owned vehicles against claims for bodily injury, death and property damage, with limits of not less than $1,000,000 per person and not less than $1,000,000 per accident or occurrence; alternatively, a combined single limits limit of not less than $1,000,000, or equivalent coverage using split limits. Such insurance will name the other Party, its parents, subsidiaries and Affiliates as additional insureds thereunder, and will be primary and non-contributory to any other insurance available to such other Party, its parents, subsidiaries and Affiliates as insureds or otherwise. (b) Each Party will maintain commercial general liability insurance (including, without limitation, coverage for Contractual Liability and Products/Completed Operations) against claims for bodily injury, death and property damage, with limits of not less than $3,000,000 1,000,000 for each occurrence and $1,000,000 in one accident or occurrence; alternatively, combined single limits of not less than $3,000,000 each accident or occurrence, $3,000,000 the General and Products/Completed Operations aggregate and $3,000,000 general aggregateAggregate. Such insurance will name the other Party, its parents, subsidiaries and Affiliates as additional insureds thereunderthere under, and will be primary and non-contributory to any other insurance available to such other Party, its parents, subsidiaries and Affiliates as insureds or otherwise. (c) The minimum limits of coverage required by this Agreement may be satisfied by a combination of primary and An excess or umbrella insurance policies; provided that any such liability policy with a limit of not less than $2,000,000 per occurrence and $2,000,000 aggregate. Such excess or umbrella insurance policies liability policy shall follow the form of with the primary insurances liability policies, and contain a drop drop-down provision in case of exhaustion impairment of underlying limits and/or aggregateslimits. (d) Notwithstanding the provisions of Section 10.1(b) and (c), each Party's total coverage under both its commercial general liability insurance in Section 10.1(b) and excess or umbrella liability policy in Section 10.1(c) must have combined limits together totalling $4,000,000 for each occurrence and $4,000,000 aggregate. (e) Worker's Compensation insurance providing statutory benefits for injury or disease in the state(s) of operation of the Parties, and Employer's Liability with limits of at least $500,000 for individual injury or disease, with an aggregate of $500,000 for disease. (f) Each Party waives all rights against the other Party and its employees and agents for all losses and damages caused by, arising out of or resulting from any of the perils or causes of loss of the Party covered by the policies contemplated by Sections Section 10.1 and 10.2 and any other property insurance covering the Party applicable to the Facility.

Appears in 1 contract

Samples: Grain Feedstock Supply Agreement (Southwest Iowa Renewable Energy, LLC)

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