Property and Casualty. At all times throughout the Use Period, and subject to the terms of the Lease, Tenant will: (a) keep the Property insured against loss or damage by fire and other casualties; and (b) carry and maintain broad form boiler and machinery insurance on all equipment and objects (which are part of the Property) customarily covered by such insurance. All such insurance obtained by Tenant will be in such amounts and with such coverage as Tenant determines in its discretion or is otherwise required by the Lease. At all times throughout the Use Period, User will, at User’s sole cost and expense, keep User’s personal property, inventory and equipment, including but not limited to the User’s Assets (collectively, “Personal Property”) insured against loss or damage by fire and other casualties.
Property and Casualty. Property and casualty insurance covering full replacement value in the event of loss or damage to Chargers and other Charging Site equipment and appurtenances.
Property and Casualty. Property and casualty insurance covering full replacement value in the event of loss or damage to EV Chargers and other Charging Station equipment and appurtenances, unless Recipient has provided surety bonds or letters of credit pursuant to and in compliance with the provisions of Section 7.5 of the Agreement.
Property and Casualty. Huntington shall maintain insurance covering all of the items of Wiring and Cable to be installed by Huntington in the Property pursuant to the Agreement and any alterations, additions or improvements in an amount not less than any full replacement value thereof from time to time during the term of this Agreement providing protection against any peril included with the classification of fire and extended coverage together with insurance against sprinkler damage, vandalism and malicious mischief and water damage (from roof leakage, ground water or otherwise). Owner is not required to insure such items. Owner shall not be required to reinstall, reconstruct or repair any of such items. Subject to the terms of any loan or security agreement to which Huntington may be party, any policy proceeds shall be used for the repair or replacement of the property damaged or destroyed unless Owner notifies Huntington that all or a substantial portion of the Property has been destroyed or damaged beyond repair and Owner does not intend to rebuild or replace the Property. All such insurance shall name Owner and Owner's designees as additional insured.
Property and Casualty. Owner shall maintain insurance covering all the Property pursuant to the Agreement and any alterations, additions or improvements in an amount not less than any full replacement value thereof from time to time during the term of this Agreement providing protection against any peril included with the classification of fire and extended coverage together with insurance against sprinkler damage, vandalism and malicious mischief and water damage (from roof leakage, ground water or otherwise). Owner shall not be required to reinstall, reconstruct or repair any of such items. Subject to the terms of any loan or security agreement to which Owner may be party, any policy proceeds shall be used for the repair or replacement of the property damaged or destroyed unless Owner notifies Huntington that all or a substantial portion of the Property has been destroyed or damaged beyond repair and that Owner does not intend to rebuild or replace the Property. All such insurance shall name Huntington and its designees as additional insured.
Property and Casualty. In addition to, and not in derogation of, the requirements of any of the other Loan Documents, maintain, and cause each other Loan Party to maintain, insurance with financially sound and reputable insurance companies acceptable to the Agent against such risks and in such amounts as is customarily maintained by similar businesses, as may be required by Applicable Law, or as may be satisfactory to the Agent. From time to time the Borrower will deliver to the Agent or any Lender upon its request a reasonably detailed list, together with copies of all policies of insurance then in effect, stating the names of the insurance companies, the amounts and rates of the insurance, the dates of the expiration thereof and the properties and risks covered thereby. Without limiting the obligations of the Borrower and the other Loan Parties under the foregoing provisions of this Section or under any other Loan Document, if the Borrower or any of the other Loan Parties shall fail to maintain insurance as required by the foregoing provisions of this Section or any of the other Loan Documents, then the Agent may upon notice to the Borrower or such other Loan Party, but shall have no obligation to, procure insurance covering the interests of the Agent, the Lenders and the Swingline Lenders in such amounts and against such risks as the Requisite Lenders shall deem appropriate in their sole but reasonable discretion, and the Borrower shall reimburse the Agent and the Lenders in respect of any premiums paid by the Agent or the Lenders as provided in Section 12.2.
Property and Casualty insurance shall be maintained by, and at the expense of, the Buyer and as of the date hereof policies shall be endorsed by the Insuring Company for the benefit of both Seller and Buyer, as their respective Interests may appear between the date of this agreement and the settlement hereof. Upon execution of this agreement, all liability incurred on or about the property shall become the responsibility of the Buyer, and the Seller disclaims any and all such liability.
Property and Casualty. For the P&C marketplace, the rate at which PMSC can subcontract P&C services to FSI (subject to FSI's acceptance) shall be determined from the chart in Section 6.1.1
Property and Casualty. (In millions) ------------------------------------------------------------- FINANCIAL SUMMARY 1998 1997 1996 ------------------------------------------------------------- Premiums and fees $2,957 $3,154 $3,417 Net investment income 583 639 679 Other revenues 297 302 244 ------------------------------- Segment revenues 3,837 4,095 4,340 Benefits and expenses 3,748 3,788 4,045 ------------------------------- Income before taxes 89 307 295 Income taxes 19 102 87 ------------------------------- Operating income $70 $205 $208 ------------------------------=============================== Realized investment gains, net of taxes $11 $47 $26 ------------------------------=============================== In January 1999, CIGNA entered into an agreement to sell the businesses included in this segment. See page 10 for additional information. Operating income (loss) was as follows: (In millions) 1998 1997 1996 -------------------------------------------------------- International $(13) $106 $130 Domestic 85 98 76 --------------------------- Total ongoing operations 72 204 206 Run-off operations (2) 1 2 -------------------------------------------------------- Total $70 $205 $208 -----------------------------=========================== The decline in the international operations for 1998 includes catastrophe losses of $72 million after-tax for Hurricane Georges, Hurricane Mxxxx and Canadian winter storms as well as restructuring costs (primarily severance) of approximately $7 million after-tax. These results also reflect unfavorable claim experience, primarily from large property losses, the competitive pricing environment, and lower investment income. The decline in 1997 primarily reflects unfavorable claim experience in both the fire and casualty lines and charges for severance costs. The decline in the domestic operations for 1998 reflects higher catastrophe losses, including $9 million after-tax relating to Hurricane Gxxxxxx, restructuring charges of $9 million after-tax, lower net investment income and unfavorable workers' compensation experience, partially offset by favorable prior year development on selected lines of business and improvement in results from insurance-related service businesses. The improvement in the domestic operations for 1997 primarily reflects lower catastrophe losses partially offset by lower premiums and fees, lower investment income and an unfavorable tax adjustment of $7 million. Results for the run-off operations primarily reflect prior y...
Property and Casualty. Florida 010 Fire; 020 Allied Lines; 040 Homeowners Multi Peril; 050 Commercial Multi Peril; 080 Ocean Marine; 090 Inland Marine; 170 Other Liability; 192 Auto Casualty; 211 Ppa Physical Damage; 220 Aircraft; 230 Fidelity; 240 Surety; 450 Accident and Health; 540 Mobile Home Multi Peril. Georgia Property; Marine and Transportation; Casualty (excluding Worker's Compensation). Idaho Property; Marine & Transportation; Casualty - excluding Workers' Compensation; Surety. Illinois Casualty, Fidelity, Surety, as provided in Clauses (a), (b), (c), (d), (e), (f), (g), (h), (i), (j) of Class 2 and Fire and Marine as provided in Clauses (a), (b), (c), (d), (e), (f), (g), (h) of Class 3 in accordance with 215 ILCS 5/4. Indiana Multi Line Property and Casualty as provided in Class II (a) (b) (c) (e) (f) (g) (h) (i) (j) (l) and Class III (a) (b) (c) (d) in accordance with IC 27-1-5-
