Required Operating Period Insurance Sample Clauses

Required Operating Period Insurance. The Contractor shall purchase and maintain in full force at all times, from the earlier of Traffic Availability and Construction Completion, through to the end of the Term: (a) General liability insurance in an amount not less than $5,000,000 inclusive per occurrence against bodily injury and property damage, including loss of use thereof. The Province is to be added as an additional insured under this policy for any and all claims arising out of the Contractor's operations under the DBFO Agreement. Such insurance shall include but not be limited to: • Products and completed operations liability; • Owner's and contractor's protective liability; • Blanket written contractual liability; • Contingent employer's liability; • Personal injury liability; • Non-owned automobile liability; • Cross liability with respect to additional insureds; • Employees as additional insureds; • Broad form property damage endorsement; • Operation of attached machinery; and • Sudden and accidental pollution, and where such further risk exists: • Blasting, demolition, pile driving, caisson work or tunnelling, as applicable; • Elevator and hoist liability; and • Towing/on hook coverage. (b) Automobile liability on all vehicles owned, operated or licensed in the name of the Contractor in an amount not less than $5,000,000.
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Required Operating Period Insurance. The Contractor shall purchase and maintain in full force at all times, from Traffic Availability through to the end of the Term: (a) general liability insurance in an amount not less than $10,000,000 inclusive per occurrence (excepting in the aggregate with respect to products and completed operations) against bodily injury and property damage, including loss of use thereof. Annual general aggregate limit, if any, must not be less than $20,000,000. Aggregate limit can be achieved through primary or umbrella liability insurance. Defense costs must be in addition to the limits of insurance. Any professional exclusion for supervisory or inspection activities shall be limited to services provided by architects, engineers, surveyors or design professionals. Such insurance shall include but not be limited to:  Products and completed operations liability;  Owner's and contractor's protective liability;  Blanket written contractual liability;  Contingent employer's liability;  Personal injury liability;  Non-owned automobile liability;  Cross liability with respect to additional insureds;  Employees as additional insureds;  Broad form property damage endorsement;  Operation of attached machinery; and  Sudden and accidental pollution as per IBC 2313 or similar wording, and where such further risk exists:  Blasting, demolition, pile driving, caisson work or tunnelling, as applicable;  Elevator and hoist liability; and  Towing/on hook coverage; and (b) automobile liability on all vehicles owned, operated or licensed in the name of the Contractor in an amount not less than $5,000,000.
Sample 1
Required Operating Period Insurance. ‌ A. Insurance Required to Be Obtained and Maintained by Company. Commencing with the Effective Date and continuing throughout the remainder of the Term, the Company shall obtain and maintain the Required Operating Period Insurance for which the Company is responsible, as specified in Appendix 3, and shall comply with all applicable requirements of such Required Operating Period Insurance. Insurance coverage required pursuant to this Section shall be maintained with generally recognized financially responsible insurers reasonably acceptable to the County and qualified and licensed to insure risks in the State of New York. The cost of the Required Operating Period Insurance that the Company is responsible for obtaining and maintaining shall be paid by the Company, and shall be included as part of the Operation and Maintenance Fee. The Company shall be responsible for paying all the deductibles under any such Required Operating Period Insurance, subject to the inclusion of the amount of such deductibles in the Operation and Maintenance Fee except in the case of any such deductible that is payable with respect to a Loss caused by or resulting from Company Fault. In addition, if a peril occurs which is an insurable event but the costs incurred due to such peril are less than the Required Operating Period Insurance deductibles amounts set forth in Appendix 3, the Company shall be responsible for paying the costs as it would pay if such costs were a deductible amount, subject to the inclusion of such costs in the Operation and Maintenance Fee except in the case of any such costs that are payable with respect to a Loss caused by or resulting from Company Fault. The Company shall include the County as a named insured on all Operating Period Insurance policies. The Company shall promptly provide the County with copies of all inspection reports prepared by the Company’s insurance carrier. B. Insurance Required to Be Obtained and Maintained by County. During the Term, the County shall obtain and maintain the Required Operating Period Insurance for which the County is responsible, as specified in Appendix 3, and shall comply with all applicable requirements of such Required Operating Period Insurance. Insurance coverage required pursuant to this Section shall be maintained with generally recognized financially responsible insurers licensed to insure risks in the State of New York. The County shall include the Company as a named insured on all Operating Period Insuranc...
Sample 1
Required Operating Period Insurance. Throughout the Term, the Service Provider shall on LIPA’s behalf obtain and maintain, or cause to be obtained and maintained, in effect the insurance policies in LIPA’s name with the types and amounts of coverage and deductible amounts as specified annually by LIPA in accordance with the annual election by LIPA made in such form as detailed in Appendix 11(A) hereto (the “Required Operating Period Insurance”) to the extent that such insurance remains available on commercially reasonable terms; provided, however, that LIPA shall specify during the Term types and amounts of coverage and deductible amounts which are substantially consistent with those obtained for similar electric transmission and distribution systems and with Prudent Utility Practice. If, as a result of material changes in the market for insurance products, one or more Required Operating Period Insurance policies is or are not generally available or appears to be available only on terms not considered to be commercially reasonable, the Service Provider will promptly notify LIPA, in writing, but in no event less than sixty (60) days prior to the expiration of any Required Operating Period Insurance. The Service Provider and the Service Provider Indemnified Parties shall be included as additional named insureds, where applicable, along with waivers of subrogation on any Required Operating Period Insurance policies, which policies shall require thirty (30) days prior written notice to LIPA prior to the effective date of any change in or non-renewal or cancellation of such policies. Insurance coverage required pursuant to this Section shall be maintained with generally recognized financially responsible insurers and qualified and authorized to insure risks in New York State.
Sample 1

Related to Required Operating Period Insurance

  • Required Insurance Coverages The Contractor also agrees to purchase insurance and have the authorized agent state on the insurance certificate that the Contractor has purchased the following types of insurance coverages, consistent with the policies and requirements of O.C.G.A. §50-21-37. The minimum required coverages and liability limits are as follows:

  • Required Insurance Coverage As a condition of this Contract with DIR, Vendor shall provide the listed insurance coverage within 5 business days of execution of the Contract if the Vendor is awarded services which require that Vendor’s employees perform work at any Customer premises and/or use employer vehicles to conduct work on behalf of Customers. In addition, when engaged by a Customer to provide services on Customer premises, the Vendor shall, at its own expense, secure and maintain the insurance coverage specified herein, and shall provide proof of such insurance coverage to the related Customer within five (5) business days following the execution of the Purchase Order. Vendor may not begin performance under the Contract and/or a Purchase Order until such proof of insurance coverage is provided to, and approved by, DIR and the Customer. All required insurance must be issued by companies that have an A rating and a Financial Size Category Class of VII from A.M. Best, and are licensed in the State of Texas and authorized to provide the corresponding coverage. The Customer and DIR will be named as Additional Insureds on all required coverage. Required coverage must remain in effect through the term of the Contract and each Purchase Order issued to Vendor there under. The minimum acceptable insurance provisions are as follows:

  • Period of Insurance Period of insurance means the period shown as such on the e-certificate and validation card, which time is taken as Greenwich Mean Time unless otherwise stated.

  • Required Insurance The HSP will put into effect and maintain, with insurers having a secure A.M. Best rating of B+ or greater, or the equivalent, all necessary and appropriate insurance that a prudent person in the business of the HSP would maintain, including, but not limited to, the following at its own expense: Commercial General Liability Insurance, for third party bodily injury, personal injury and property damage to an inclusive limit of not less than 2 million dollars per occurrence and not less than 2 million dollars products and completed operations aggregate. The policy will include the following clauses: a. The Indemnified Parties as additional insureds; b. Contractual Liability; c. Cross-Liability;

  • Waiver of Inventory, Accounting and Appraisal Requirement The Trustee shall be relieved of, and each Certificateholder hereby waives, any requirement of any jurisdiction in which the Trust, or any part thereof, may be located that the Trustee file any inventory, accounting or appraisal of the Trust with any court, agency or body at any time or in any manner whatsoever.

  • Required Liability Insurance; Personal Property During the full term of the Housing Agreement, Resident agrees to obtain and maintain at Resident’s expense a policy of personal liability insurance (i.e., renter’s liability insurance) from a licensed insurance carrier in the United States, with coverage of at least $100,000 per occurrence at actual replacement cost, covering Owner’s losses of any kind arising from fire, smoke or water and caused by Resident’s negligence and/or by Resident’s animal. The liability insurance requirement and the existence or limits of any such insurance will not reduce or supersede Resident’s obligations under this Housing Agreement, except to the extent Owner charges and Resident pays for a waiver of this insurance requirement as provided below. Resident is not obligated to purchase insurance from any specific provider and may arrange its own personal liability insurance policy from any insurer of Resident’s choosing meeting the requirements of this paragraph, in which case Resident agrees to provide written proof of the required personal liability insurance coverage, including causing Owner and Manager to be listed as named interested parties on such insurance coverage, by mailing the proof of insurance to P.O. Box 18999, Atlanta, GA 31126-1399. Owner will provide instructions prior to move-in for submitting proof of insurance or purchasing a compliant insurance policy; Resident’s failure to comply with these insurance requirements will be a breach by Resident with Owner reserving its remedies but will not give Resident any right of termination. If Resident fails or chooses not to provide sufficient proof of compliant personal liability insurance to Owner by the Start Date, or if Resident’s insurance is cancelled during the term of this Housing Agreement, then Owner may, at its option, waive Resident’s obligation to provide such insurance and obtain its own coverage in Owner’s name for the same limited risks (up to $100,000 per occurrence from fire, smoke or water damage caused accidentally by Resident’s negligence and/or by Resident’s animal) at Owner’s expense; in such case, Resident agrees to pay as consideration for this waiver to $15.00 per installment as additional Rent during the remaining term of this Agreement, of which Owner would retain up to $5.00 per installment as an administrative fee and use the remaining portion to procure such insurance for itself. This waiver is not insurance, does not release Resident from liability for other damage or causes and does not cover Resident’s personal property. Owner strongly recommends that Resident maintain insurance covering Resident’s personal property or belongings, which Resident may elect to purchase. Neither Owner nor any of its employees, representatives or agents assumes any liability, directly or indirectly, for loss or damage to the personal property of Resident or others by fire, theft or any other cause. Any personal property remaining in the bedroom space and/or apartment at the end of the Term or after earlier termination of this Agreement will be considered abandoned by Resident and may be disposed of by Owner at the risk and expense of Resident, with Owner maintaining a landlord’s lien for unpaid rent as provided by law. Owner will not be liable or responsible for storage or disposition of the Resident’s personal property. If there are multiple individuals comprising Resident, then all references to and obligations of Resident in this paragraph 8 will apply to each such individual, separately.

  • Minimum Scope of Insurance Coverage shall be at least as broad as: 1. The coverage provided by Insurance Services Office Commercial General Liability coverage (“occurrence”) Form Number CG 0001; and 2. The coverage provided by Insurance Services Office Form Number CA 0001 covering Automobile Liability. Coverage shall be included for all owned, non-owned and hired automobiles; and

  • Extended Reporting Period If any required insurance coverage is on a claims-made basis (rather than occurrence), Contractor shall maintain such coverage for a period of no less than three (3) years following expiration or termination of the Contract.

  • Insurance Term The Consultant shall procure and maintain for the duration of this Agreement, insurance against claims for injuries to persons or damage to property which may arise from or in connection with the performance of the work hereunder by the Consultant, its agents, representatives, or employees.

  • Minimum Insurance Requirements Contractor shall procure and maintain for the duration of the contract insurance against claims for injuries or death to persons or damages to property which may arise from or in connection with the performance of the work hereunder and the results of that work by the Contractor, his agents, representatives, employees or sub-contractors. Coverage - Coverage shall be at least as broad as the following:

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