Products Liability Insurance. Licensee's product and contractual liability insurance policy shall provide coverage for any and all losses, expenses, claims, demands, causes of action and settlements, including attorney's fees, allegedly arising out of any contractual liability or any defects in the Products or any material used in connection therewith, their failure to perform, or any use thereof. The amount of coverage shall be a minimum of $1,000,000 combined single limit with no deductible amount, for each single occurrence for bodily injury and/or for property damage or contractual liability.
Products Liability Insurance. Products liability insurance for Products and Services provided by Seller under this Agreement in the amount of fifty million US dollars (US$50,000,000) on a per- occurrence basis, with defense outside the limits. Seller shall cause EAI to be added as an additional insured to Seller’s products liability insurance policy to the extent covering Products provided by Seller hereunder.
Products Liability Insurance. For a period of one (1) year following Closing, Buyer shall maintain products liability insurance in adequate and appropriate amounts to cover the Inventories. For such period, if Seller becomes liable for or suffers any damage with respect to any matter that is covered by such insurance, Seller shall be and is hereby subrogated to any rights of Buyer under the insurance coverage. Buyer shall promptly remit to Seller any insurance proceeds received by them on account of any such liability or damage less Buyer's cost (including any claim amounts), expenses, and fees relating thereto. In the event of Buyer's liability, such insurance proceeds shall be used by Buyer to satisfy that liability.
Products Liability Insurance. (policy …………..) Covering the legal liability of the Supplier in respect of bodily injury and/or damage to property including consequential loss thereof, which is caused as a consequence of and/or in connection with the Services executed by the Supplier and/or anyone acting on its behalf and/or the the RSDEV to a limit of liability of $5,000,000 per occurrence and in the aggregate for an annual insurance period. Retroactive date is not later than the commencement date of the Services. The policy includes a discovery period of at least 12 months. The policy is extended to include ISR and those acting on its behalf as additional insureds in respect of their liability in connection with the Services, subject to a "Cross Liability" clause. General Conditions (apply to all the above policies):
a. The said policies have preference over any other insurance procured by ISR, and the insurer hereby waives any claim or demand, which it may have with respect to the participation of ISR insurances.
b. The said policies include a clause concerning the waiver of the right of subrogation against ISR and/or anyone acting on its behalf, excluding a person who caused damage with malicious intent.
c. The said policies shall not be reduced or cancelled, without 30 days prior written notification thereof, sent to ISR via registered mail.
d. We are aware that the Supplier alone is liable for payment of all insurance premiums and deductibles.
e. The breach of the terms of the said policies by the Supplier and/or anyone acting on its behalf shall not prejudice ISR’s rights under the policies.
Products Liability Insurance. $3,000,000 per occurrence (aggregate primary and umbrella coverage).
Products Liability Insurance. Buffton, Summatronix or CTI shall procure ---------------------------- and maintain the insurance coverages of the type, in the amounts, of the duration, with the retentions and from the insurance carrier described on Schedule 6.1 - Post-Closing Insurance Coverages, all of which shall name Buyer ----------------------------------------------- as an additional insured.
Products Liability Insurance. CENTER will maintain products liability insurance containing a broad form vendor's endorsement covering all Meters sold pursuant to the terms of this Agreement with minimum limits of ten million dollars ($10,000,000) for combined bodily injury and property damage and said insurance will not be cancelled without at least thirty (30) calendar days prior written notice to BIOTRINE. CENTER will provide BIOTRINE, upon BIOTRINE's request therefore, with a certificate from the insurance company providing such insurance evidencing compliance with the provision of the preceding sentence. BIOTRINE will, for so long as it supplies Meters under this Agreement, maintain products liability insurance on the Meters for BIOTRINE's gross negligence or willful misconduct in the principal amount of not less than one million dollars ($1,000,000) for combined bodily injury and property damage and said insurance will not be cancelled without at least thirty (30) calendar days prior written notice to CENTER. BIOTRINE will provide CENTER, upon CENTER's request therefore, with a certificate from the insurance company providing such insurance evidencing compliance with the provision of the preceding sentence.
Products Liability Insurance. Evidence of products liability insurance shall be required from the successful bidder for the following items: firefighting equipment and gear, refuse collection equipment, and breathing apparatus. When applicable, the successful bidder agrees to furnish evidence of products liability insurance carried by the supplier and the manufacturer in an amount not less the one million dollars ($1,000,000.00) each person and three million dollars ($3,000,000.00) each occurrence. An umbrella police may be used. A certificate of coverage for the supplier will be required prior to the execution of the contract and a letter or other written acknowledgement from the manufacturer indicating its coverage is in effect shall be furnished upon execution of the contract.
Products Liability Insurance not less than $10,000,000 of products liability insurance on an occurrence form with a deductible of no more than $50,000, including, without limitation, for claims by Purchaser or other third party for personal injury or property damage, including damage to the environment.
Products Liability Insurance. WGL shall maintain product liability insurance in such amounts as ordinary good business practice for its type of business would make advisable and shall provide Medtronic with evidence of this coverage. Such product liability insurance shall name Medtronic, Inc. as an additional named insured thereunder, it being understood that Medtronic shall have the right to seek recovery under said, product liability insurance for any claims for damages, liabilities, costs (including but not limited to attorneys' fees), settlements or judgments which may be made against Medtronic on account of personal injury or property damage to any person caused by or arising from defects in materials, design, workmanship, or manufacture of SVO Batteries supplied by WGL to Medtronic under this Agreement, and Medtronic agrees to seek recovery for any such claims directly from WGL's product liability insurance carrier. Medtronic acknowledges and agrees that the amount of product liability insurance maintained by WGL on the date of this Agreement, which is set forth in the certificate of insurance to be delivered to Medtronic simultaneously herewith, satisfies the criteria set forth in this Section 10.3.
