Policy of Insurance. The parties hereto shall take any action which may be necessary to cause the Policy to conform to the provisions of this Agreement. The parties hereto agree that the Policy shall be subject to the terms and conditions of this Agreement and of any collateral assignment filed with the Insurer relating to the Policy. The terms of this Agreement shall be applicable to any policy of insurance received in exchange for an interest in the Policy listed on Exhibit "A" attached hereto, provided all sums available to the Owner under an old policy are applied to the new policy received in such exchange. Owner shall notify the Corporation of any such exchange and the terms Policy hereunder shall thereafter include such new policy.
Policy of Insurance. This is a contract of insurance and in consideration of the payment of the premium the Insurer, subject to the terms, conditions and exclusions, will provide insurance cover as described in this Policy.
Policy of Insurance. The life insurance policy subject to this Agreement is Policy Number 9656243 (hereinafter referred to as "the Policy") issued by Massachusetts Mutual Life Insurance Company (hereinafter called the "Insurer") on the life of the Employee in the face amount of $200,000.
Policy of Insurance. Any document held in whatsoever form which is or is to form the basis of either a contract for insurance or contract of insurance. A Policy of Insurance may incorporate details of administrative arrangements pertinent to the processing of the contract for or of insurance.
Policy of Insurance. TW shall provide, at its sole cost and expense, a policy of insurance covering the wine stored by FV under this Agreement against destruction by fire, theft, vandalism, act of God, or other cause, for the period of time during which such wine remains in storage at the Winery.
A. The policy of insurance to be obtained by TW pursuant hereto shall name FV as a co-insured. Payment to FV in the event of a loss or destruction of the wine while in storage shall not be subject to, or reduced in any manner by, the deductible provisions of the policy.
B. TW shall furnish to FV a copy of the certificate naming FV as a co-insured and shall further furnish to FV proof that premiums due under the policy have been timely paid.
C. FV shall be provided thirty (30) days prior notice of any cancellation or modification of this policy. TW agrees to indemnify and hold FV harmless from and against any claim, action, loss, cost, damage, or expense, including reasonable attorneys’ fees, arising out of TW’s sale or other use of the wine made pursuant hereto, except when such claim, action, loss, cost, damage or expense is due to FV’s failure to follow the Specifications. FV agrees to indemnify and hold TW harmless from and against any claim, action, loss, cost, damage or expense, including reasonable attorneys’ fees, arising out of FV’s negligence, or failure to follow the Specifications.
Policy of Insurance. The Trust has previously acquired the Policy as issued by Northwestern Mutual Life Insurance Company on the lives of the Employee and the Employee's wife. The Trust is the sole owner of the policy.
Policy of Insurance. 7.5.4.1 A copy of an insurance policy shall be submitted to PDI before shipment which is in compliance with these requirements.
7.5.4.2 The policy shall provide that the insurance shall not be cancelled or changed unless at least thirty (30) days’ prior written notice has been given to PDI.
7.5.4.3 Prior to expiration of the insurance policy, an original certificate of insurance shall be submitted to PDI evidencing the renewal of coverage in compliance with these requirements.
Policy of Insurance. Owner has purchased the Policies from the ------------------- Insurers as set forth on Exhibit A. The Parties hereto have taken all necessary action to cause each Insurer to issue the Policy, and shall take any further action which may be necessary to cause each Policy to conform to the provisions of this Agreement. The Parties hereto agree that the Policies shall be subject to the terms and conditions of this Agreement and of the collateral assignments filed with each Insurer relating to each Policy issued by that Insurer. Owner and Employee represent and warrant to the Corporation that the cash value of the Policies is, and will be after the payment of Scheduled Premiums by the Corporation, sufficient in amount to repay the Corporation the full amount of its Scheduled Premiums.
Policy of Insurance. Seller has agreed to pay the premium of $128,666.000 and surplus lines tax of $5,146.64, for a total of $133,813.00 to purchase the policy of insurance attached hereto as Exhibit 7.3 ("the Insurance Policy") which provides coverage for certain environmental liabilities, as described therein. Buyer is the Named Insured under the Insurance Policy. Seller and Parent shall be Additional Insureds under the Insurance Policy. The policy limits of the Insurance Policy shall be shared among the Named and Additional Insureds. The Insurance Policy shall not be modified or canceled at any time during the policy period except upon mutual agreement of Buyer and Seller. Seller further agrees that it will reimburse Buyer for amounts actually paid by Buyer toward the deductible amount under the Insurance Policy in connection with up to three (3) single incidents for which claims are made by Buyer under the Insurance Policy.
Policy of Insurance. The Developer shall lodge with the Municipality on or prior to the execution of the Agreement, an insurance certificate (which policy is valid in Ontario) with an Insurance Company satisfactory to the Municipality, (which said approval shall not be unreasonably withheld or delayed), and insuring for the joint benefit of the Developer and the Municipality, against any liability that may arise out of the construction or installation of any work to be performed pursuant to this Agreement and for a period of one (1) year after completion and acceptance of the Municipal Services to be constructed herein.
