Precept Sample Clauses

Precept. During the Service period, Precept shall insure, at its cost and expense, Precept’s Wine, Precept’s cooperage and bottling supplies against all risks and perils, including any harm, loss, deterioration, reductions in quality or value, or destruction by fire, theft, vandalism, negligence, acts of God, or any other cause, including any such loss or harm caused by any act or omission of Seller occurring during the processing, handling or storage of Precept’s wine for the period of time in which Precept’s wine remains with Seller or at a third-party facility. Seller shall be named an additional insured on such insurance. A Certificate of Insurance must be presented to Seller as proof of the existence of such insurance before Seller will be obligated to provide any services to Precept hereunder.
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