Reputable insurer Sample Clauses
The 'Reputable insurer' clause requires that any insurance policies referenced in the agreement must be obtained from insurance companies that are widely recognized for their financial stability and reliability. In practice, this means that parties must secure coverage from insurers with strong industry ratings or established reputations, rather than lesser-known or potentially unreliable providers. This clause ensures that, in the event of a claim, there is a high likelihood that the insurer will be able to meet its obligations, thereby reducing the risk of non-payment and providing greater security for all parties involved.
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Reputable insurer. Each insurance policy required under this clause must be taken out with a reputable and substantial insurer approved by the Agent (whose approval is not to be unreasonably withheld).
Reputable insurer. The Transaction Parties must take out each insurance policy with a reputable and substantial insurer approved by the Agent (whose approval is not to be unreasonably withheld).
Reputable insurer. Each Obligor must ensure that each insurance policy required to be taken out under this agreement is or will be issued by an insurance carrier rated not less than A- by A.M. Best Company or Standard & Poor’s, or such other reputable and substantial insurance carrier approved by the Agent (whose approval is not to be unreasonably withheld).
Reputable insurer. Each Transaction Party must (and must ensure that its Subsidiaries do) take out each of its Insurance Policies with a reputable and substantial insurer with a long term credit rating of at least “A–” from Standard & Poor’s or “A3” from ▇▇▇▇▇’▇ Investors Service (or such other insurer as may be approved by the Mezzanine Agent in writing (which approval must not be unreasonably withheld or delayed)). The Transaction Parties must promptly notify the Mezzanine Agent of any change in identity of the provider of any Insurance Policy.
Reputable insurer. If required by CAC, all insurances to be effected and maintained by the Hirer under the Venue Hire Agreement must be effected with a reputable insurer represented in Australia and must be on an occurrence and not a claims made basis.
Reputable insurer. Each Security Provider must take out each insurance policy with a reputable and substantial insurer with an investment grade rating approved by the Agent (whose approval is not to be unreasonably withheld).
Reputable insurer. The insurance taken out by Cortendo under this clause 17 must be with a reputable insurance company.
Reputable insurer. Each Transaction Party must (and must ensure that its Subsidiaries do) take out each of its Insurance Policies with a reputable and substantial insurer with a long term credit rating of at least “A–” from Standard & Poor’s or “A3” from ▇▇▇▇▇’▇ Investors Service (or such other insurer as may be approved by the Senior Agent in writing (which approval must not be unreasonably withheld or delayed)). The Transaction Parties must promptly notify the Senior Agent of any change in identity of the provider of any Insurance Policy.
Reputable insurer. All policies of insurance required to be effected by the Lessee hereunder whether in respect of the property or risk either by the Lessor or the Lessee shall be taken out . with a reputable insurance office or company of sound financial standing approved by the Lessor which approval shall not be unreasonably withheld.
Reputable insurer. All insurances required to be effected and maintained by the Lessee under this Agreement must be effected with a reputable insurer represented in Australia and must be on an occurrence and not a claims made basis.