Common use of Qualified Insurers Clause in Contracts

Qualified Insurers. Every contract of insurance providing the coverage required herein shall be with an insurer or eligible surplus lines insurer qualified to do business in the State of Nevada and with the equivalent, on a continuous basis, of a “Best Rating” of “A” or better and shall include provisions or endorsements: 28.2.1 Stating that such insurance is primary insurance with respect to the interest of Buyer and that any insurance maintained by Xxxxx is excess and not contributory insurance required hereunder; 28.2.2 Stating that no reduction, cancellation or expiration of the policy shall be effective until ninety (90) days from the date notice thereof is actually received by Buyer; provided, that upon Supplier's receipt of any notice of reduction, cancellation or expiration, Supplier shall immediately provide notice thereof to Buyer; and 28.2.3 Xxxxxx Xxxxx as an additional insured on the general liability insurance policies of Supplier as its interests may appear with respect to this Agreement.

Qualified Insurers. Every contract of insurance providing the coverage required herein shall be with an insurer or eligible surplus lines insurer qualified to do business in the State of Nevada and with the equivalent, on a continuous basis, of a “"Best Rating” " of “A” "A-" or better and shall include provisions or endorsements: 28.2.1 Stating that such insurance is primary insurance with respect to the interest of the Buyer and that any insurance maintained by Xxxxx Buyer is excess and not contributory insurance required hereunder; 28.2.2 Stating that no reduction, cancellation or expiration of the policy shall be effective until ninety (90) 30 days from the date notice thereof is actually received by Buyer; provided, that upon SupplierBuyer's receipt of any notice of reduction, cancellation or expiration, Supplier that Party shall immediately provide notice thereof to Buyerthe other Party; and 28.2.3 Xxxxxx Xxxxx as an additional insured on the general liability insurance policies of Supplier as its interests may appear with respect to this Agreement.