Requirements For Insurance. All insurance required to be maintained by Tenant pursuant to this Lease shall be maintained with responsible companies that are admitted to do business, and are in good standing, in the jurisdiction in which the Premises are located and that have a rating of at least “A” and are within a financial size category of not less than “Class X” in the most current Best’s Key Rating Guide or such similar rating as may be reasonably selected by Landlord. All such insurance shall: (1) be acceptable in form and content to Landlord; (2) be primary and noncontributory; and (3) contain an endorsement prohibiting cancellation, failure to renew, reduction of amount of insurance, or change in coverage without the insurer first giving Landlord thirty (30) days’ prior written notice (by certified or registered mail, return receipt requested, or by fax or email) of such proposed action. No such policy shall contain any self-insured retention greater than $25,000. Any deductibles and such self-insured retentions shall be deemed to be “insurance” for purposes of the waiver in Section 10.13 of this Lease, below. Landlord reserves the right from time to time to require Tenant to obtain higher minimum amounts of insurance based on such limits as are customarily carried with respect to similar properties in the area in which the Premises are located. The minimum amounts of insurance required by this Lease shall not be reduced by the payment of claims or for any other reason. In the event Tenant shall fail to obtain or maintain any insurance meeting the requirements of this Article, or to deliver such policies or certificates as required by this Article, Landlord may, at its option, on five (5) days notice to Tenant, procure such policies for the account of Tenant, and the cost thereof shall be paid to Landlord within five (5) days after delivery to Tenant of bills therefor.
Requirements For Insurance. All insurances required under the Agreement will be:
(a) underwritten by reputable insurers; and
(b) maintained at least for the Term; and comply with applicable Law.
Requirements For Insurance. Insurance policies or riders required by this Agreement will be (i) taken out by the Lessee thirty (30) days before the Lessee’s use and occupancy of the Leased Premises, or at the latest, the Lessee must have a Certificate of Insurance at the time of the Lessee’s use and occupancy of the Leased Premises; (ii) maintained with responsible insurance companies organized under the laws of the United States and qualified to do business in the State of Minnesota; (iii) will contain a provision that the insurer will not cancel or revise coverage thereunder without giving written notice to the Lessee as an insured party and to the Lessor as an additional insured at least thirty (30) days before cancellation or revision becomes effective; (iv) will name the Lessee as an insured party and the Lessor as an additional insured; (v) will be in accordance with specifications approved by the insurance advisor for the Lessor; and (vi) will be evidenced by a Certificate of Insurance listing the Lessor as an additional insured, which will be filed with the Lessor.
Requirements For Insurance. Policies The insurance companies issuing all policies shall be reputable and responsible companies in the insurance industry (with a Best Rating of A-X or better), reasonably acceptable to both Lessor and Lessee. Lessor and Lessee shall deliver to each other copies of the policies of insurance required to be obtained by them under this section 14, or certificates evidencing the existence, terms and amounts of such insurance. Each policy shall provide that it shall not be cancelable or subject to reduction of coverage or other modification except after thirty (30) days' prior written notice to Lessor and Lessee. Lessor and Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish each other with renewals or "binders" thereof.
Requirements For Insurance. All insurance required to be maintained by GRANTEE pursuant to this SP Easement shall be maintained with responsible companies that are admitted to do business in the State of Tennessee, and are in good standing, in the jurisdiction in which the SP Easement Area is located and that have an A.M. Best rating of at least “A-”. The commercial general liability insurance required above shall have a minimum coverage limit of $1,000,000 per occurrence / $2,000,000 annual general aggregate. All insurance policies required hereunder shall contain an endorsement prohibiting cancellation, failure to renew, reduction of amount of insurance, or change in coverage without the insurer and/or GRANTEE endeavoring to first give TVA thirty (30) calendar days’ prior written notice (by certified or registered mail, return receipt requested, or by fax or email) of such proposed action; provided, however, that prior notice of policy cancellation for non-payment shall be ten (10) calendar days. In the event that GRANTEE uses its best efforts to procure the foregoing endorsement from its insurer but is unsuccessful due to the endorsement not being legally available at the time the policy is issued or renewed, GRANTEE shall (i) immediately notify TVA of its failure to receive this endorsement; and (ii) notify TVA of any possible cancellation, failure to renew, reduction of amount of insurance, or change in coverage immediately once GRANTEE has knowledge of such. All insurance policies or letters of self- insurance described in this Section 3(i) shall (i) include TVA, GRANTOR, and their officers, agents, employees, and volunteers as additional insureds; (ii) [include a waiver of subrogation endorsement in favor of GRANTOR/TVA]; and [(iii) not include any “pollution” exclusion or any similar exclusion for any environmental liabilities]. No property insurance policy shall contain any self-insured retention greater than $100,000. The minimum amounts of insurance required by this SP Easement shall not be reduced by the payment of claims or for any other reason. In the event GRANTEE shall fail to obtain or maintain any insurance meeting the requirements of this Section 3(i), or to deliver such policies or certificates as required by this Section 3, TVA may, at its option, on five (5) calendar days’ notice to GRANTEE, procure such policies for the account of GRANTEE, and the cost thereof shall be paid by GRANTEE to TVA within five (5) calendar days after delivery to GRANTEE of bills there...
Requirements For Insurance. All insurance shall be maintained with a member of the Association of British Insurers or with Lloyds' underwriters and shall, unless otherwise stated, be for such amount as is prudent in all the circumstances.
Requirements For Insurance. The authority citation for part 741 continues to read as follows: 1781–1790; Pub. L. 101–73.
Requirements For Insurance. General Liability for $1,000,000.00 (one million dollars), The phrase " Farmers Irrigation District are named as additional insured as respects to General Liability", Certificate Holder info: Farmers Irrigation District, XX Xxx 000 Xxxxx, XX 00000.
Requirements For Insurance. The policy will: (i) be approved in advance by Licensor; (ii) name Licensor including: all Licensor’s directors, trustees, officers, partners, employees, agents, and representatives as additional insureds, to be called out in the additional insured as “University of Florida Board of Trustees, Xxxxxx Xxxx, 000 XX 00xx Xx, Xxxxxxxxxxx, XX 00000”; (iii) be non- contributing with, and will apply only as, primary insurance, and not as excess to any other insurance available to the Licensor; and (iv) contain an obligation of the insurers to notify the Licensor by certified mail not less than forty-five (45) days prior to any material change, cancellation, or termination of any such policy. Certificates of insurance in a form reasonably approved by Licensor or copies of such insurance policies certified by an authorized officer of Licensee’s insurer as being complete and current, will be delivered to the Licensor at least fifteen (15) days prior to the beginning of the initial license period. If Licensee fails to take out, or to keep in force, this insurance policy, or should the policy not be approved by the Licensor, and Licensee does not cure such default within forty-eight (48) hours after written notice by the Licensor, Licensor may purchase such insurance and add administrative costs to the Licensee’s monthly invoice. Licensee will not keep any article in the Licensed Space that may be prohibited by any fire or casualty insurance policy that covers the Licensed Space or the Innovation Hub.
Requirements For Insurance. Supply Condition 14.2 be deleted and replaced with the following:
