Required Insurance Policy Clauses. Each policy of insurance required to be carried pursuant to the provisions hereof shall contain the following provisions and agreements:
Required Insurance Policy Clauses. Each policy of insurance required to be carried and maintained or caused to be carried and maintained or caused to be carried and maintained by the Funding Recipient pursuant to this Exhibit shall contain the following provisions and agreements, from and after the date such insurance policy is required to be carried pursuant to this Exhibit: (1) a provision that no act or omission of the Funding Recipient and/or of the named insured, including, without limitation, any use or occupation of the Premises for any purpose or purposes more hazardous than those permitted by the policy, shall invalidate the policy or affect or limit the obligation of the insurance company to pay the amount of any loss sustained by the City or DDC, (2) to the extent available on a commercially reasonable basis, an agreement by the insurer that such policy shall not be cancelled, materially modified in a manner that would compromise the coverage theretofore provided under the policy, or denied renewal without at least thirty (30) days’ prior written notice to the City and DDC, including, without limitation, cancellation or non-renewal for non-payment of premium, and (3) a provision that notice of accident or claim to the insurer by Funding Recipient, the City or DDC shall be deemed notice by all insureds under the policy. Notices from the insurer to the City and DDC shall be delivered by hand or sent by registered or certified mail, return receipt requested, or by Airborne Express, Federal Express, Express Mail or other overnight mail service that provides a receipt to the sender. All notices and correspondences from the insurer to the City and to DDC must be delivered to the following addresses or to such other addresses as the City or DDC may notify the insurer of from time to time: To the City: Deputy Mayor for Economic Development and Xxxxxxxxxx Xxxx Xxxx Xxx Xxxx, Xxx Xxxx 00000 And a copy to: New York City Department of Design and Construction 00-00 Xxxxxxx Xxxxxx Xxxx Xxxxxx Xxxx, Xxx Xxxx 00000 Attention: ACCO
Required Insurance Policy Clauses. Each policy of insurance required to be carried pursuant to the provisions of this Exhibit B shall contain (A) a provision that no act or omission of any of the insureds shall affect or limit the obligation of the insurance company to pay the amount of any loss sustained, (B) an agreement by the insurer that such policy shall not be canceled, modified, or denied renewal without at least 30 days' prior written notice to each Party and all other named or additional insureds, and (C) with respect to property insurance, a waiver of subrogation by the insurer to any right to recover the amount of any loss resulting from the negligence of the City, ArenaCo, the holders of Security Interests, or any of their contractors, subcontractors, vendors, agents, representatives, or employees.
Required Insurance Policy Clauses. Each policy of insurance required to be carried pursuant to the provisions of this Article shall contain (i) a provision that no act or omission of Tenant shall affect or limit the obligation of the insurance company to pay the amount of any loss sustained by Landlord, AIDC or the Lease Administrator, other than those acts which are committed by Landlord, AIDC or the Lease Administrator, respectively, (ii) a written waiver of the right to subrogation with respect to all of the named insureds and additional insureds, including Landlord, AIDC and the Lease Administrator, (iii) a clause designating Landlord, AIDC and the Lease Administrator as loss payee or additional insured, as their interests may appear, and (iv) an agreement by the insurer that such policy, as per the terms of the policy, shall not be canceled without at least thirty (30) days' prior written notice to Landlord, AIDC and the Lease Administrator, specifically covering, without limitation, cancellation or non-renewal for non-payment of premium.
Required Insurance Policy Clauses. Each policy of insurance required to be carried by a Party hereunder pursuant to the provisions of this Article 11 shall contain (i) a provision that no act or omission of Tenant, including, without limitation, any use or occupation of the Premises for any purpose or purposes more hazardous than those permitted by the policy, shall invalidate the policy, (ii) an agreement by the insurer that such policy shall not be cancelled or denied renewal without at least thirty (30) days’ prior written notice to Landlord (10 days’ for cancellation or non-renewal for non-payment of premium), and (iii) a provision that notice of accident or claim to the insurer by Landlord shall be deemed notice by all Persons having any interests in said policy; provided that a copy of any such notice by the insuring party to the insurer shall have been delivered to Landlord.
Required Insurance Policy Clauses. Each policy of insurance required to be carried pursuant to the provisions of this Article shall contain (a) a provision that no act or omission of the insured shall affect or limit the obligation of the insurance company to pay the amount of any loss sustained, and (b) an agreement by the insurer that such policy shall not be canceled, modified or denied renewal without at least thirty (30) days prior written notice to the other party.
Required Insurance Policy Clauses. Each policy of insurance required to be carried pursuant to the provisions of this Article shall contain (i) a provision that no act or omission of Tenant, including, without limitation, any use or occupation of the Premises for any purpose or purposes more hazardous than those permitted by the policy, shall invalidate the policy or affect or limit the obligation of the insurance company to pay the amount of any loss sustained by Landlord, Lease Administrator or Apple, (ii) an agreement by the insurer that such policy shall not be cancelled, materially modified in a manner that would compromise the coverage theretofore provided under the policy, or denied renewal without at least thirty (30) days’ prior written notice to Landlord and Lease Administrator, including, cancellation or non-renewal for non-payment of premium (upon ten (10) days’ prior written notice), and (iii) a provision that notice of accident or claim to the insurer by Tenant shall be deemed notice by all Persons having rights in said policy, provided that a copy of any such notice by Tenant to the insurer shall have been delivered to Lease Administrator.
Required Insurance Policy Clauses. Each policy of insurance required to be carried pursuant to the provisions of this Article shall contain (i) a provision that no act or omission of Tenant or Landlord shall affect or limit the obligation of the insurance company to pay the amount of any loss sustained (other than acts intended to cause the damage insured against and except insofar as the loss is caused by an uninsurable risk) and (ii) if the insurer would otherwise have a right to subrogation, a written acknowledgment by the insurance company that its right to subrogation has been waived with respect to all of the named insureds and additional insureds and any Recognized Mortgagees named in such policy.
