Resident Liability Program Sample Clauses

Resident Liability Program. During the Term of the Lease, Tenant is required to secure and maintain a liability insurance policy, in an amount of not less than $100,000.00 (“minimum required insurance” or “MRI”), and Landlord (and, if Landlord has a property manager, the manager) must be named as an additional insured and interested party on this policy. Xxxxxx agrees and acknowledges that the insurance mandated herein is not a renter’s insurance policy and does not cover any of Xxxxxx’s personal belongings, additional living expenses, or liability arising out of bodily injury or property damage to any third party. ☐ Enroll me in PMI Resident Liability Insurance = $12.95 per month - $100,000 Liability - $5,000 personal property - $0 deductible ☐ I have my own insurance policy and wish to opt out. - An opt out form must be completed prior to move in. If Tenant fails to provide Landlord with evidence of MRI, the MRI required by this Agreement may be satisfied by Landlord scheduling the Premises for coverage under the Resident Liability insurance policy (“RL”), at a cost to the Tenant of $12.95 a month.
Sample 1
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Resident Liability Program. During the Term of the Lease, Tenant is required to secure and maintain a liability insurance policy, in an amount of not less than $100,000.00 (“minimum required insurance” or “MRI”), and Landlord (and, if Landlord has a property manager, the manager) must be named as an additional insured and interested party on this policy. Tenant agrees and acknowledges that the insurance mandated herein is not a renter’s insurance policy and does not cover any of Tenant’s personal belongings, additional living expenses, or liability arising out of bodily injury or property damage to any third party. If tenant wishes to opt out of this “RL” policy, an opt out form can be requested and completed through the tenant resources section of xxxxxxx.xxx or through email at xxxxxxx@xxxxxxx.xxx. If Tenant fails to provide Landlord with evidence of MRI, the MRI required by this Agreement may be satisfied by Landlord scheduling the Premises for coverage under the Resident Liability insurance policy (“RL”), at a cost to the Tenant of $12.95 a month. □ Enroll me in PMI Resident Liability Insurance = $12.95 per month $100,000 Liability $5,000 personal property $0 deductible □ I have my own insurance policy and request to opt out Steps that must be taken include:
Sample 1

Related to Resident Liability Program

  • Joint Liability Each representation, warranty, covenant and agreement made by Parent or Merger Sub in this Agreement shall be deemed a representation, warranty, covenant and agreement made by Parent and Merger Sub jointly and all liability and obligations relating thereto shall be deemed a joint liability and obligation of Parent and Merger Sub.

  • Business Auto Liability The automobile liability insurance provided by the Contractor shall conform to the requirements hereinafter set forth:

  • FINANCIAL INSTITUTION’S LIABILITY Liability for failure to make transfers. If we do not complete a transfer to or from your account on time or in the correct amount according to our agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance:

  • Products and Completed Operations Personal Injury Liability Contractual Liability The policy shall be on an occurrence form and limits shall not be less than: $1,000,000 Each Occurrence $2,000,000 General Aggregate $1,000,000 Products/Completed Operations Aggregate $1,000,000 Personal & Advertising Injury Automotive Liability: The Party shall carry automotive liability insurance covering all motor vehicles, including hired and non-owned coverage, used in connection with the Agreement. Limits of coverage shall not be less than $500,000 combined single limit. If performance of this Agreement involves construction, or the transport of persons or hazardous materials, limits of coverage shall not be less than $1,000,000 combined single limit.

  • Contingent liability Where we effect or arrange a Transaction, you should note that, depending upon the nature of the Transaction, you may be liable to make further payments when the Transaction fails to be completed or upon the earlier settlement or closing out of your position. You may be required to make further variable payments by way of margin against the purchase price of the investment, instead of paying (or receiving) the whole purchase (or sale) price immediately. The movement in the market price of your investment will affect the amount of margin payment you will be required to make. You need to monitor your margin levels on a daily basis. Margin call You agree to pay us on demand such sums by way of margin as are required from time to time as we may in our discretion reasonably require for the purpose of protecting ourselves against loss or risk of loss on present, future or contemplated Transactions under this Agreement. Failure to meet margin call Please note that in the event that you fail to meet a margin call, we may immediately close out the position. Form of margin Margin must be paid in cash in currency acceptable by us, as requested from time to time by the Company. Cash Margin paid to us is held as client money in accordance with the requirements of the Client Money Rules. Margin deposits shall be made by wire transfer, credit card, e-wallet or by such other means as The Company may direct. Set-off on default If there is an Event of Default or this Agreement terminates, we shall set-off the balance of cash margin owed by us to you against your obligations (as reasonably valued by us). The net amount, if any, payable between us following such set-off, shall take into account the Liquidation Amount payable under Clause 15 (Netting). Further assurance You agree to execute such further documents and to take such further steps as we may reasonably require perfecting our security interest over and obtain legal title to the Secured Obligations. Negative pledge You undertake neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the cash margin transferred to us, except a lien routinely imposed on all securities in a clearing system in which such securities may be held. General lien In addition, and without prejudice to any rights to which we may be entitled under this Agreement or any Applicable Regulations, we shall have a general lien on all cash held by us or our Associates or our nominees on your behalf until the satisfaction of the Secured Obligations.

  • Business Automobile Liability Contractor shall maintain, during the entire term of the contract, automobile liability insurance in an amount not less than five hundred thousand dollars ($500,000.00) per occurrence.

  • Excess/Umbrella Liability Policies Required insurance coverage limits may be provided through a combination of primary and excess/umbrella liability policies. If coverage limits are provided through excess/umbrella liability policies, then a Schedule of underlying insurance listing policy information for all underlying insurance policies (insurer, policy number, policy term, coverage and limits of insurance), including proof that the excess/umbrella insurance follows form must be provided after renewal and/or upon request.

  • Commercial General Liability and Business Auto Liability will be endorsed to provide primary and non-contributory coverage The Commercial General Liability Additional Insured endorsement will include on-going and completed operations and will be submitted with the

  • Commercial Business Automobile Liability Insurance The Contractor shall provide Commercial Business Automobile Liability Insurance that shall include coverage for bodily injury and property damage arising from the operation of any owned, non-owned, or hired automobile. The Commercial Business Automobile Liability Insurance Policy shall provide not less than $1,000,000 Combined Single Limits for each accident. Additional Requirements for Commercial Business Automobile Liability Insurance are shown below at Paragraph 1.5.3.3.6.

  • Commercial Automobile Liability Where the services to be provided under this Contract involve or require the use of any type of vehicle by Contractor, Contractor shall provide comprehensive business or commercial automobile liability coverage, including non-owned and hired automobile liability, in the amount of $1,000,000.00.

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