Common use of Recipient’s Insurance Clause in Contracts

Recipient’s Insurance. The Recipient represents and warrants that it has, and will maintain for the term of the Agreement, at its own cost and expense, with insurers having a secure A.M. Best rating of B+ or greater, or the equivalent, all the necessary and appropriate insurance that a prudent person carrying out a project similar to the Project would maintain, including commercial general liability insurance on an occurrence basis for third party bodily injury, personal injury and property damage, to an inclusive limit of not less than the amount set out in Schedule “B” per occurrence. The policy will include the following: (a) the Indemnified Parties as additional insureds with respect to liability arising in the course of performance of the Recipient’s obligations under, or otherwise in connection with, the Agreement; (b) a cross-liability clause;

Appears in 4 contracts

Samples: Transfer Payment Agreement, Transfer Payment Agreement, Transfer Payment Agreement

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Recipient’s Insurance. The Recipient represents represents, warrants, and warrants covenants that it has, and will maintain for the term of the Agreementmaintain, at its own cost and expense, with insurers having a secure A.M. Best rating of B+ or greater, or the equivalent, all the necessary and appropriate insurance that a prudent person carrying out a project similar to the Project would maintain, including commercial general liability insurance on an occurrence basis for third party bodily injury, personal injury injury, and property damage, to an inclusive limit of not less than the amount set out provided for in Schedule “B” per occurrence. The policy will include the following: (a) the Indemnified Parties as additional insureds with respect to liability arising in the course of performance of the Recipient’s obligations under, or otherwise in connection with, the Agreement; (b) a cross-liability clause; (c) contractual liability coverage; and (d) a 30-day written notice of cancellation.

Appears in 4 contracts

Samples: Transfer Payment Agreement, Transfer Payment Agreement, Transfer Payment Agreement

Recipient’s Insurance. The Recipient represents and warrants that it has, and will maintain for the term of the Agreement, at its own cost and expense, with insurers having a secure A.M. Best rating of B+ or greater, or the equivalent, all the necessary and appropriate insurance that a prudent person carrying out a project similar to the Project would maintain, including commercial general liability insurance on an occurrence basis for third party bodily injury, personal injury and property damage, to an inclusive limit of not less than the amount set out in Schedule “B” per occurrence. The policy will include the following: (a) a. the Indemnified Parties as additional insureds with respect to liability arising in the course of performance of the Recipient’s obligations under, or otherwise in connection with, the Agreement; (b) b. a cross-liability clause;

Appears in 3 contracts

Samples: Transfer Payment Agreement, Transfer Payment Agreement, Transfer Payment Agreement

Recipient’s Insurance. The Recipient represents represents, warrants, and warrants covenants that it has, and will maintain for the term of the Agreementmaintain, at its own cost and expense, with insurers having a secure A.M. Best rating of B+ or greater, or the equivalent, all the necessary and appropriate insurance that a prudent person carrying out a project service similar to the Project Services would maintain, including commercial general liability insurance on an occurrence basis for third party bodily injury, personal injury injury, and property damage, to an inclusive limit of not less than the amount set out provided for in Schedule "B" per occurrence. The insurance policy will include the following: (a) the Indemnified Parties as additional insureds with respect to liability arising in the course of performance of the Recipient’s 's obligations under, or otherwise in connection with, the Agreement; (b) a cross-liability clause; (c) contractual liability coverage; and

Appears in 2 contracts

Samples: Transfer Payment Agreement, Transfer Payment Agreement

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Recipient’s Insurance. The Recipient represents represents, warrants, and warrants covenants that it has, and will maintain for the term of the Agreement, at its own cost and expense, with insurers having a secure A.M. Best rating of B+ or greater, or the equivalent, all the necessary and appropriate insurance that a prudent person carrying out a project similar to the Project would maintain, including commercial general liability insurance on an occurrence basis for third party bodily injury, personal injury and property damage, to an inclusive limit of not less than the amount set out in Schedule “B” $2,000,000.00 per occurrenceoccurrence and policy aggregate. The policy will include the following: (a) the Indemnified Parties as additional insureds with respect to liability arising in the course of performance of the Recipient’s 's obligations under, or otherwise in connection with, the Agreement; (b) a cross-liability clause;

Appears in 1 contract

Samples: Public Transit Infrastructure Fund Agreement

Recipient’s Insurance. The Recipient represents represents, warrants, and warrants covenants that it has, and will maintain for the term of the Agreement, at its own cost and expense, with insurers having a secure A.M. Best rating of B+ or greater, or the equivalent, all the necessary and appropriate insurance that a prudent person carrying out a project similar to the Project Projects would maintain, including commercial general liability insurance on an occurrence basis for third party bodily injury, personal injury injury, and property damage, to an inclusive limit of not less than the amount set out in Schedule “B” $2,000,000.00 per occurrence. The , which commercial general liability insurance policy will include the following: (a) the Indemnified Parties as additional insureds with in respect to of liability arising in the course of performance of the Recipient’s obligations under, or otherwise in connection with, the Agreement; (b) a cross-liability clause; (c) contractual liability coverage; and

Appears in 1 contract

Samples: Consent and Assignment Agreement

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