Required Policies of Insurance Sample Clauses

Required Policies of Insurance. (a) The Operator shall, effective as of the date of this Operating Agreement, and thereafter during the term of this Operating Agreement, keep in full force and affect the following policies of insurance: Comprehensive general liability insurance, including products liability insurance against any and all claims and losses arising out of its activities under this Operating Agreement in the following minimum amounts: - Personal Injury - $1,000,000.00 each person and each accident, $1,000,000.00 aggregate; - Property Damage - $1,000,000.00 each incident; $1,000,000.00 aggregate; - Umbrella Liability Coverage and Umbrella Liability Policy in an amount not less than $4,000,000.00 for any one occurrence in excess of the aforementioned general insurance; - Dram Shop – a certificate obtained either by the Team or the Operator or such other Food and Beverage Service operator providing Dram Shop liability coverage naming, in the case of a certificate provided by a Food and Beverage Service operator or such other successor operator, the Team, Operator, the Park Board and the City as additional named insureds or, in the case of a certificate provided by the Team, naming the Park Board and the City as additional named insureds with the amount of the coverage identical to that of the comprehensive general liability coverage as required herein.
Sample 1
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Required Policies of Insurance. The Team shall, effective as of January 1, 2021, and thereafter during the term of this Stadium Agreement, keep in full force and affect the following policies of insurance: Comprehensive general liability insurance, including products liability insurance against any and all claims and losses arising out of its activities under this Stadium Agreement in the following minimum amounts: Personal Injury - $1,000,000.00 each person and each accident, $1,000,000.00 aggregate Property Damage - $1,000,000.00 each incident; $1,000,000.00 aggregate Umbrella Liability Coverage and Umbrella Liability Policy in an amount not less than $4,000,000 for any one occurrence in excess of the aforementioned general liability insurance. Dram Shop - a certificate obtained either by the Team or the Food and Beverage Service operator providing Dram Shop liability coverage naming, in the case of a certificate provided by the Food and Beverage Service operator, the Team, the Park Board and the City of South Bend as additional named insureds or, in the case of a certificate provided by the Team, naming the Park Board and the City as additional named insureds with the amount of the coverage identical to that of the comprehensive general liability coverage as required herein.
Sample 1

Related to Required Policies of Insurance

  • Required Evidence of Insurance i. Copy of the additional insured endorsement or policy language granting additional insured status; and

  • Required Policies and Coverages Without limiting any liabilities or any other obligations of Seller under this Agreement, Seller shall secure and continuously carry with an insurance company or companies rated not lower than “B+” by the A.M. Best Company the insurance coverage specified below:

  • Types of Insurance The types and amounts of insurance required to be maintained under this Article are as follows:

  • Evidence of Insurance Receipt by the Administrative Agent of copies of insurance policies or certificates of insurance of the Loan Parties evidencing liability and casualty insurance meeting the requirements set forth in the Loan Documents, including, but not limited to, naming the Administrative Agent as additional insured (in the case of liability insurance) or loss payee (in the case of hazard insurance) on behalf of the Lenders.

  • Maintenance of Insurance; Policy Provisions The Contractor, at no additional direct cost to NYSERDA, shall maintain or cause to be maintained throughout the term of this Agreement, insurance of the types and in the amounts specified in the Section hereof entitled Types of Insurance. All such insurance shall be evidenced by insurance policies, each of which shall:

  • Certificate of Insurance Contractor must provide a Certificate of Insurance form to the City of Sparks to evidence the insurance policies and coverage required of Contractor.

  • Certificates of Insurance Prior to commencing under this Contract, Supplier must furnish to Sourcewell a certificate of insurance, as evidence of the insurance required under this Contract. Prior to expiration of the policy(ies), renewal certificates must be mailed to Sourcewell, 000 00xx Xxxxxx Xxxxxxxxx, X.X. Box 219, Staples, MN 56479 or sent to the Sourcewell Supplier Development Administrator assigned to this Contract. The certificates must be signed by a person authorized by the insurer(s) to bind coverage on their behalf. Failure to request certificates of insurance by Sourcewell, or failure of Supplier to provide certificates of insurance, in no way limits or relieves Supplier of its duties and responsibilities in this Contract.

  • Evidence of Insurance Cover All insurances obtained by the Concessionaire in accordance with this Article 32 shall be maintained with insurers on terms consistent with Good Industry Practice. Within 15 (fifteen) days of obtaining any insurance cover, the Concessionaire shall furnish to the Authority, notarised true copies of the certificate(s) of insurance, copies of insurance policies and premia payment receipts in respect of such insurance, and no such insurance shall be cancelled, modified, or allowed to expire or lapse until the expiration of at least 45 (forty five) days after notice of such proposed cancellation, modification or non-renewal has been delivered by the Concessionaire to the Authority.

  • 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 the 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.

  • MAINTENANCE OF INSURANCE COVERAGE Each party agrees to maintain throughout the term of this Agreement professional liability insurance coverage of the type and amount reasonably customary in its industry. Upon request, a party shall furnish the other party with pertinent information concerning the professional liability insurance coverage that it maintains. Such information shall include the identity of the insurance carrier(s), coverage levels, and deductible amounts.

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