Risk Allocation and Insurance Sample Clauses

Risk Allocation and Insurance. 10.1 The detailed risk allocation and insurance requirements shall be in accordance with the provisions of Schedule Part 3. 10.2 The Parties shall as soon as reasonably practicable after entering into this Agreement review the provisions of Schedule Part 3 (together with their insurers) and agreed revised provisions.
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Risk Allocation and Insurance. 1. Buyer agrees the quality and reliability of Seller's services provided under this Part II will be based upon the quality and reliability of the relevant data and information received from Buyer. 2. BUYER HEREBY RELEASES AND AGREES TO DEFEND, INDEMNIFY AND HOLD HARMLESS SELLER, ITS AFFILIATES (INCLUDING THE BOEING COMPANY AND AFFILIATES OF THE BOEING COMPANY), THEIR 2-23-98 Exhibit C A00480-B SUBSIDIARIES AND VENDORS, AND THE EMPLOYEES, DIRECTORS, OFFICERS, AGENTS AND SUBCONTRACTORS OF EACH OF THEM, FROM AND AGAINST ALL LIABILITIES, CLAIMS, DAMAGES, LOSSES, COSTS AND EXPENSES FOR ALL INJURIES TO OR DEATH OF ANY AND ALL PERSONS (INCLUDING BUYER'S OFFICERS, AGENTS AND EMPLOYEES UTILIZING SUCH SERVICES AND SUPPORT BUT EXCLUDING EMPLOYEES OF SELLER) AND FOR LOSS OF OR DAMAGE TO PROPERTY, INCLUDING THE AIRCRAFT AND LOSS OF USE THEREOF, ARISING DIRECTLY OR INDIRECTLY OUT OF OR IN CONNECTION WITH ALL TRAINING, SERVICES AND SUPPORT PROVIDED UNDER OR IN CONNECTION WITH THIS AGREEMENT, WHETHER OR NOT CAUSED BY THE NEGLIGENCE OF SELLER, ITS SUBSIDIARIES OR VENDORS, OR THE EMPLOYEES, DIRECTORS, OFFICERS, AGENTS OR SUBCONTRACTORS OF ANY OF THEM. IN PROVIDING SUCH SERVICES AND SUPPORT, SELLER, ITS AFFILIATES (INCLUDING THE BOEING COMPANY AND AFFILIATES OF THE BOEING COMPANY), THEIR SUBSIDIARIES AND VENDORS AND THEIR REPRESENTATIVES ARE DEEMED TO BE ACTING IN AN ADVISORY CAPACITY ONLY AND AT NO TIME SHALL THEY BE DEEMED TO ACT AS EMPLOYEES OR AGENTS OF BUYER EITHER DIRECTLY OR INDIRECTLY. 3. Buyer agrees to name Seller, its employees, subsidiaries and affiliates (including The Boeing Company and affiliates of The Boeing Company) and their assigns as an additional insured under Buyer's aviation liability insurance policies with respect to Buyer's obligations set forth in paragraph 2. above. In addition, Buyer shall cause the insurance carriers under Buyer's hull insurance policies to waive all rights of subrogation against Seller to the extent of Buyer's obligations set forth in paragraph 2. above. 4. One hundred twenty days prior to the scheduled month of delivery of Buyer's Aircraft, Buyer shall provide Seller certificates of insurance evidencing (i) Seller being named as an additional insured, (ii) limits of liability coverage of $ ; (iii) subrogation has been waived and (iv) the term of the insurance. Buyer's insurance shall be primary and not contributory with any insurance maintained by Seller. The certificates of insurance shall be kept current. [FN] Confidential...
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Risk Allocation and Insurance 
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Related to Risk Allocation and Insurance

  • RISK AND INSURANCE 12.1 All risk of loss, theft and damage of and to the Charged Assets from any cause whatsoever shall be the risk of the Borrower, and no such event shall relieve the Borrower of any obligation under a Drawdown Notice. 12.2 The Borrower shall: 12.2.1 bear all risk of loss of or damage to the Charged Assets whether insured against or not; 12.2.2 maintain with an insurance company approved by the Lender, in accordance with good and prudent practices of owners of such Charged Assets, fully comprehensive insurance under a standard form of “new for old” all risks policy including terrorism, third party, and business interruption for a 6 month period covering (i) loss of or damage to, the Charged Assets and against such other risks as assets of the same type as the Charged Assets are normally (or when used in the manner or for the purposes for which the Charged Assets are to be used) insured, and the new replacement value of the Charged Assets; and (ii) all liability whatsoever (including liability of the Lender) to any third party whomsoever including any employee, agent or sub-contractor of the Lender or the Borrower who may suffer damage to or loss of property or death or personal injury, whether arising directly or indirectly from the Charged Assets or their use; 12.2.3 procure that the Lender and, if the Lender so requests, any affiliates of the Lender is an additional insured and that the interest of the Lender is noted under the policy and that the Lender is loss payee; 12.2.4 upon request produce to the Lender the policy and all premium receipts; 12.2.5 promptly notify the Lender of any event which may give rise to a claim under the policy and upon request irrevocably appoint the Lender to be its sole agent to negotiate agree or compromise such claim; and 12.2.6 upon request assign by way of security, or following the occurrence of an Event of Default, a complete assignment to the Lender, the Borrower’s rights under such policy and irrevocably appoint the Lender to institute any necessary proceedings.

  • Bonding and Insurance All expenses of bond, liability, and other insurance coverage required by law or regulation or deemed advisable by the Trustees of the Trust, including, without limitation, such bond, liability and other insurance expenses that may from time to time be allocated to the Fund in a manner approved by its Trustees.

  • Risk of Loss and Insurance The State shall not be liable to Contractor for any risk of Deliverable loss or damage while Deliverables are in transit, or while in the Client Agency’s possession, except when such loss or damage is due directly to the Client Agency’s negligence or intentional misconduct. Nothing in this Section is intended nor shall it be construed, in any manner, as waiving or compromising the sovereign immunity of the State. The insurance required by this Section shall be written on an occurrence basis as opposed to a “claims made” basis and shall be on such forms, and contain such endorsements and terms, as shall be acceptable to DAS. Before commencing Performance, the Contractor shall obtain and maintain at its own cost and expense for the Term of this Contract, the insurance described below. Contractor shall assume any and all deductibles in the described insurance policies. The Contractor’s insurers shall have no right of recovery or subrogation against the State and the described Contractor’s insurance shall be primary coverage. Any failure to comply with the claim reporting provisions of the policy shall not affect coverage provided to the State.

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