Policy Provisions. All insurance policies provided hereunder shall (i) contain a provision whereby the insurer agrees to give the party not providing the insurance (A) not less than ten (10) days written notice before the insurance is cancelled, or terminated as a result of non-payment of premiums, or (B) not less than thirty (30) days written notice before the insurance is otherwise cancelled or terminated, (ii) be written on an occurrence basis, and (iii) be maintained with companies either rated no less than A-VII as to Policy Holder’s Rating in the current edition of A.M. Best’s Insurance Guide or otherwise reasonably acceptable to the other party.
Appears in 14 contracts
Samples: Solar Power Purchase Agreement, Solar Equipment Lease Agreement, Solar Equipment Lease Agreement
Policy Provisions. All insurance policies provided hereunder shall (i) contain a provision whereby the insurer agrees to give the party not providing the insurance (A) not less than ten (10) days written notice before the insurance is cancelled, or terminated as a result of non-payment of premiums, or (B) not less than thirty (30) days written notice before the insurance is otherwise cancelled or terminated, (ii) be written on an occurrence basis, and (iii) be maintained with companies either rated no less than A-VII as to Policy HolderXxxxxx’s Rating in the current edition of A.M. Best’s Insurance Guide or otherwise reasonably acceptable to the other party.
Appears in 8 contracts
Samples: Solar Carport Lease Agreement, Solar Equipment Lease Agreement, Solar Power Purchase Agreement
Policy Provisions. All insurance policies provided hereunder shall (i) contain a provision whereby the insurer agrees to give the party not providing the insurance each Party to this Agreement (A) not less than ten (10) days written notice before the insurance is cancelled, or terminated as a result of non-payment of premiums, or (B) not less than thirty (30) days written notice before the insurance is otherwise cancelled or terminated, (ii) be written on an occurrence basis, and (iii) be maintained with companies either rated no less than A-VII as to Policy Holder’s Rating in the current edition of A.M. Best’s Insurance Guide or otherwise reasonably acceptable to the other party.
Appears in 1 contract
Samples: Solar Power Purchase Agreement
Policy Provisions. All insurance policies provided hereunder shall (i) contain a provision whereby the insurer agrees to give the party not providing the insurance (A) not less than ten (10) days written notice before the insurance is cancelled, or terminated as a result of non-payment of premiums, or (B) not less than thirty (30) days written notice before the insurance is otherwise cancelled or terminatedtermintate, (ii) be written on an occurrence basis, and (iii) be maintained with companies either rated no less than A-VII as to Policy Holder’s Rating in the current edition of A.M. Best’s Insurance Guide or otherwise reasonably acceptable to the other party.
Appears in 1 contract
Samples: Solar Power Purchase Agreement
Policy Provisions. All insurance policies provided hereunder shall (i) contain a provision whereby the insurer Seller agrees to give the party not providing the insurance Purchaser (A) not less than ten (10) days written notice before the insurance is cancelled, or terminated as a result of non-payment of premiums, or (B) not less than thirty (30) days written notice before the insurance is otherwise cancelled or terminated, (ii) be written on an occurrence basis, and (iii) be maintained with companies either rated no less than A-VII as to Policy Holder’s Rating in the current edition of A.M. Best’s Insurance Guide or otherwise reasonably acceptable to the other party.
Appears in 1 contract
Samples: Solar Power Purchase Agreement
Policy Provisions. All insurance policies provided hereunder shall (i) contain a provision whereby the insurer agrees to give the party not providing the insurance (A) not less than ten (10) days written notice before the insurance is cancelled, or terminated as a result of non-payment non‐payment of premiums, or (B) not less than thirty (30) days written notice before the insurance is otherwise cancelled or terminated, (ii) be written on an occurrence basis, and (iii) be maintained with companies either rated no less than A-VII A‐VII as to Policy Holder’s Rating in the current edition of A.M. Best’s Insurance Guide or otherwise reasonably acceptable to the other party.
Appears in 1 contract
Samples: Solar Power Purchase Agreement
Policy Provisions. All insurance policies provided hereunder shall (i) contain a provision whereby the insurer agrees to give the party not providing the insurance (A) not less than ten (10) days written notice before the insurance is cancelled, or terminated as a result of non-payment non‐payment of premiums, or (B) not less than thirty (30) days written notice before the insurance is otherwise cancelled or terminated, (ii) be written on an occurrence basis, and (iii) be maintained with companies either rated no less than A-VII A‐VII as to Policy HolderXxxxxx’s Rating in the current edition of A.M. Best’s Insurance Guide or otherwise reasonably acceptable to the other party.
Appears in 1 contract
Samples: Solar Power Purchase Agreement
Policy Provisions. All insurance policies provided hereunder shall (i) contain a provision whereby the insurer agrees to give the party Party not providing the insurance (A) not less than ten (10) days written notice before the insurance is cancelled, cancelled or terminated as a result of non-payment of premiums, or (B) not less than thirty (30) days written notice before the insurance is otherwise cancelled or terminated, (ii) be written on an occurrence basis, and (iii) be maintained with companies either rated no less than A-VII as to Policy Holder’s Rating in the current edition of A.M. Best’s Insurance Guide or otherwise reasonably acceptable to the other partyParty. Each party shall name the other party as additional insured as respects commercial general liability and employers liability. Each party shall waive its rights of subrogation against the other party on all required policies including workers compensation where allowable by law.
Appears in 1 contract
Samples: Solar Power Purchase Agreement
Policy Provisions. All insurance policies provided hereunder shall (i) contain a provision whereby the insurer agrees to give the party not providing the insurance (A) not less than ten (10) days days’ prior written notice before the insurance is cancelled, or terminated as a result of non-payment of premiums, or (B) not less than thirty (30) days days’ prior written notice before the insurance is otherwise cancelled or terminated, ; (ii) be written on an occurrence basis, ; and (iii) be maintained with companies either rated no less than A-VII as to Policy HolderXxxxxx’s Rating in the current edition of A.M. Best’s Insurance Guide or otherwise reasonably acceptable to the other partyParty.
Appears in 1 contract
Samples: Solar Power Purchase Agreement