Risk Management and Insurance Sample Clauses

Risk Management and Insurance. The Hallmark risk management department shall provide the services set forth below. a. Risk management services, which will include leading the process for identifying and analyzing property and casualty risks (not business risks), for developing loss prevention and risk control strategies, for developing and implementing insurance programs and other loss funding programs and for claims administration practices. b. Advice and supervision with respect to health, safety and environmental issues. c. At Crown Holdings' request, Hallmark will arrange or assist in arranging for insurance coverage for Crown Holdings ("Insurance"). Hallmark may arrange for an insurance policy covering only Crown Holdings' risks or interests or may include Crown Holdings in Hallmark's or Hallmark's subsidiaries' insurance coverages, at Hallmark's discretion. If Hallmark arranges for an insurance policy covering only Crown Holdings' risks or interests, Crown Holdings shall pay the costs of such policy at the direction of Hallmark, either to Hallmark or to the insurance provider. If Hallmark arranges for an insurance policy that covers risks or interests of Hallmark or its subsidiaries in addition to Crown Holdings, then the following terms and conditions shall apply: 1) Crown Holdings shall, within 30 days of its receipt of a reasonably detailed invoice from Hallmark, pay the portion of the premiums and other charges for the Insurance attributable to the coverage provided to Crown Holdings. The portion of such premiums and other charges payable by Crown Holdings shall be allocated in good faith by Hallmark in a manner to reflect the cost to Hallmark of the insurance premiums and other charges that are properly attributable to Crown Holdings. The Insurance provided shall be subject to such policies of insurance or self-insurance, and such guidelines or procedures in respect of insurance or self-insurance, as Hallmark shall determine. In the event the terms of the Insurance materially change from those terms in effect immediately prior to the date hereof, Hallmark agrees (i) to the extent Hallmark is aware of a material change prior to the effective date of the change, to provide notice to Crown Holdings of the change prior to its effective date, or (ii) otherwise to provide notice to Crown Holdings upon becoming aware of the change. It is expressly agreed by Crown Holdings and Hallmark that any self-insurance, retention or deductible shall be for the account of and be an obligation o...
Sample 1
AutoNDA by SimpleDocs
Risk Management and Insurance. The Programme shall look for ways to expand the outreach of insurance, pension and savings products to equip the households to mitigate risks for piloting some products and adapting existing products of insurance companies. To this end, the Programme shall: (a) investigate the scope for expanding insurance coverage, including community-based insurance, as well as the development of suitable products with formal insurance companies; (b) undertake an extensive training programme for members of SHGs and fisherfolk societies to make use of the insurance service in order to encourage groups to link up with insurance companies for endowment and pension schemes; and (c) support disaster management funds, to be created by SHGs and fisherfolk societies and managed by federations or other apex bodies in order to provide interest-free loans following disasters, on a matching grant basis to get the funds started.
Sample 1
Risk Management and Insurance. The Shire requires that all Leases and Licences contain appropriate risk management measures including an obligation on the Lessee to:
Sample 1
Risk Management and Insurance. Aura shall include XxxXxx and its ----------------------------- property and employees, where applicable, within insurance coverage obtained by Aura ("Aura Insurance"), except for Directors and Officers Liability Insurance, which shall be procured by XxxXxx with the assistance of Aura Risk Management at the sole cost of XxxXxx. XxxXxx shall be responsible for coordinating with Aura Risk Management any other insurance policy or coverage XxxXxx desires and shall be solely responsible for any expense or settlement which is (i) not within the scope of the Aura Insurance or (ii) a policy exclusion or limitation under the Aura Insurance. Any claim expense or settlement amounts that are within any deductible or self-insured retention applicable to any policy shall be included in the monthly Fixed Fee (as defined in Section 2.1). XxxXxx shall not take any action which shall cause a default or limit Aura's ability to make any claim under the Aura Insurance and XxxXxx agrees to indemnify and hold harmless Aura for any expenses that are the result of XxxXxx'x breach of policy provisions which results in denial of coverage to Aura. With respect to any claim made under the Aura Insurance which is applicable to or desired by XxxXxx, XxxXxx shall notify Aura of such claim, cooperate with Aura in the presentation and prosecution of such claim, and consult with Aura on any dispute regarding such claim; provided, however, that as between Aura and XxxXxx, Xxxx shall have final decision-making authority over such claim.
Sample 1
Risk Management and Insurance. As noted in Section D, FSU will be responsible for environmental health and safety matters. Student/employee injury or unemployment compensation is the responsibility of the university at which the individual is enrolled or employed. Dealing with building and equipment damage or destruction related to research will be managed according to the procedures of the institution which has been awarded funds and in accordance with federal acquisition requirements.
Sample 1
Risk Management and Insurance. 1. Each of the Members shall, at their own expense and without limiting their liabilities herein, insure their operations under a contract of General Liability Insurance, in accordance with the Xxxxxxxxx Xxx, XXX 0000, c. I-3, in an amount not less than $2,000,000 inclusive per occurrence, insuring against bodily injury, personal injury, property damage including loss of use thereof, and non-owned automobile liability. 2. Each Member shall also maintain mortician’s malpractice/funeral director’s errors and omissions coverage in the amount of not less than $1,000,000 per occurrence, at his/her own expense. 3. Each Member shall maintain automobile liability insurance on vehicles owned, operated or licensed in the name of the Member’s Funeral Home in an amount not less than $1,000,000. 4. The Association will collect evidence of all required insurance, which shall be provided to the Minister, upon request, prior to the commencement of work under this Contract and annually thereafter, as applicable. 5. All required insurance shall be endorsed to provide the Minister’s Delivery Staff with 30 days advance written notice of cancellation.
Sample 1
Risk Management and Insurance. 19.1 Identification and management of risk 19.1.1 The Director of Finance must ensure that the Commission has a robust and effective process for risk management. This will include:  A process for identifying, evaluating, and reporting on high level strategic risks at Executive Team level  A process for identifying, evaluating, and reporting on risks and potential liabilities.  Management processes to ensure all significant risk and potential liabilities are recognised and properly managed within a central risk register  Arrangements to review the risk management processes periodically. 19.1.2 Directors are responsible for complying with risk management processes laid down by the Risk Manager and ensuring there are regular reviews of risk within their Directorates. Directors are responsible for the effective management of risks within their Directorate. 19.1.3 The Director of Finance will report to the Audit and Risk Assurance Committee on an annual basis on the processes for managing the Corproation’s risks and at each meeting the key risks, which have been identified, and arrangements for their management. Any significant new risks identified during the year will also be reported. 19.1.4 Directors will, as required, report on their specific risks to the Audit and Risk Assurance Committee.
Sample 1
AutoNDA by SimpleDocs
Risk Management and Insurance. Advisor shall assist Operator in developing and implementing a program to identify and manage all business risks and to purchase and maintain appropriate insurance coverage for such risks.
Sample 1

Related to Risk Management and Insurance

  • RISK AND INSURANCE 15.1 Throughout the Term, the Company will maintain an insurance policy covering the usual insurable risks of accidental loss or damage to Client Grain during the provision of the Services. 15.2 The Company bears the risk of accidental loss or damage to Client Grain to the extent covered by insurance policies taken out by the Company. 15.3 The Client bears the risk of all loss or damage events to their Grain which are not covered by the Company’s insurance policies (or where coverage for a specific claim is refused by the Company’s insurer) which commonly includes, without limitation, the risk of flood, inherent vice and contamination. 15.4 The Client must, for the entire period that Client Grain is stored at a Facility, keep Client Grain insured against the risks it bears pursuant to clause 15.3. 15.5 The Client must, and must cause any person entering a Facility for or on behalf of the Client, to hold: (a) public liability insurance with coverage of $20 million per event and in aggregate, (b) workers’ compensation insurance required by law, and (c) comprehensive motor vehicle insurance. 15.6 The Company shall, upon request of the Client, provide details of insurance policies taken out by the Company under clause 15.1.

  • 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.

  • Maintenance and Insurance (a) The Company shall maintain or cause to be maintained, at its own expense, all of its assets and properties in good working order and condition, making all necessary repairs thereto and renewals and replacements thereof. (b) The Company shall maintain or cause to be maintained, at its own expense, insurance in form, substance and amounts (including deductibles), which the Company deems reasonably necessary to the Company's business, (i) adequate to insure all assets and properties of the Company, which assets and properties are of a character usually insured by persons engaged in the same or similar business against loss or damage resulting from fire or other risks included in an extended coverage policy; (ii) against public liability and other tort claims that may be incurred by the Company; (iii) as may be required by the Transaction Documents and/or applicable law and (iv) as may be reasonably requested by Secured Party, all with adequate, financially sound and reputable insurers.

  • BONDS AND INSURANCE 10.1 The Contractor shall provide performance and payment bonds on forms prescribed by Owner and in accordance with the requirements set forth in the UTUGCs. The penal sum of the payment and performance bonds shall be equal to the Contract Sum. 10.2 The Contractor shall not commence work under the Agreement until it has obtained all insurance coverage as required by the UTUGCs and until evidence of the required insurance has been reviewed and approved by the Owner. Owner’s review of the insurance shall not relieve nor decrease the liability of the Contractor. 10.3 In the event that the Owner does implement an Owner Controlled Insurance Program (OCIP) for this Project, the Contractor shall refer to the OCIP specification for a complete listing of coverages provided by the OCIP. Any coverages required by the UTUGCs that is not provided through the OCIP shall be provided by the Contractor.

  • Properties and Insurance (a) HUBCO and its Subsidiaries have good and, as to owned real property, marketable title to all material assets and properties, whether real or personal, tangible or intangible, reflected in HUBCO's consolidated balance sheet as of December 31, 1997, or owned and acquired subsequent thereto (except to the extent that such assets and properties have been disposed of for fair value in the ordinary course of business since December 31, 1997), subject to no encumbrances, liens, mortgages, security interests or pledges, except (i) those items that secure liabilities that are reflected in said balance sheet or the notes thereto or that secure liabilities incurred in the ordinary course of business after the date of such balance sheet, (ii) statutory liens for amounts not yet delinquent or which are being contested in good faith, (iii) such encumbrances, liens, mortgages, security interests, pledges and title imperfections that are not in the aggregate material to the business, operations, assets, and financial condition of HUBCO and its subsidiaries taken as a whole and (iv) with respect to owned real property, title imperfections noted in title reports. Except as disclosed in the HUBCO Disclosure Schedule, HUBCO and its Subsidiaries as lessees have the right under valid and subsisting leases to occupy, use, possess and control all property leased by HUBCO or its Subsidiaries in all material respects as presently occupied, used, possessed and controlled by HUBCO and its Subsidiaries. (b) The business operations and all insurable properties and assets of HUBCO and its Subsidiaries are insured for their benefit against all risks which, in the reasonable judgment of the management of HUBCO, should be insured against, in each case under policies or bonds issued by insurers of recognized responsibility, in such amounts with such deductibles and against such risks and losses as are in the opinion of the management of HUBCO adequate for the business engaged in by HUBCO and its Subsidiaries. As of the date hereof, neither HUBCO nor any of its Subsidiaries has received any notice of cancellation or notice of a material amendment of any such insurance policy or bond or is in default under any such policy or bond, no coverage thereunder is being disputed and all material claims thereunder have been filed in a timely fashion.

  • Risk Management Except as required by applicable law or regulation, (i) implement or adopt any material change in its interest rate and other risk management policies, procedures or practices; (ii) fail to follow its existing policies or practices with respect to managing its exposure to interest rate and other risk; or (iii) fail to use commercially reasonable means to avoid any material increase in its aggregate exposure to interest rate risk.

  • REIMBURSEMENT FOR MILEAGE AND INSURANCE 1. An employee who is required by their employer to use their private vehicle for school district related purposes shall receive reimbursement of: Effective July 1, 2019 $ 0.56 c/Km Effective July 1, 2020 $ 0.57 c/Km Effective July 1, 2021 $ 0.58 c/Km 2. The mileage reimbursement rate established in Article B.10.1 shall be increased by 5 cents/kilometer for travel that is approved and required on unpaved roads. 3. The employer shall reimburse an employee who is required to use their personal vehicle for school district purposes, the difference in premium costs between ICBC rate Class 002 (Pleasure to/from Work) and ICBC rate Class 007 (Business Class) where the employee is required to purchase additional insurance in order to comply with ICBC regulations respecting the use of one’s personal vehicle for business purposes.

  • Standard Hazard Insurance and Flood Insurance Policies (a) For each Mortgage Loan, the Master Servicer shall enforce any obligation of the Servicers under the related Servicing Agreements to maintain or cause to be maintained standard fire and casualty insurance and, where applicable, flood insurance, all in accordance with the provisions of the related Servicing Agreements. It is understood and agreed that such insurance shall be with insurers meeting the eligibility requirements set forth in the applicable Servicing Agreement and that no earthquake or other additional insurance is to be required of any Mortgagor or to be maintained on property acquired in respect of a defaulted loan, other than pursuant to such applicable laws and regulations as shall at any time be in force and as shall require such additional insurance. (b) Pursuant to Section 4.01 and 4.02, any amounts collected by the Servicers or the Master Servicer, or by any Servicer, under any insurance policies (other than amounts to be applied to the restoration or repair of the property subject to the related Mortgage or released to the Mortgagor in accordance with the applicable Servicing Agreement) shall be deposited into the Master Servicer Collection Account, subject to withdrawal pursuant to Section 4.02 and 4.03. Any cost incurred by the Master Servicer or any Servicer in maintaining any such insurance if the Mortgagor defaults in its obligation to do so shall be added to the amount owing under the Mortgage Loan where the terms of the Mortgage Loan so permit; provided, however, that the addition of any such cost shall not be taken into account for purposes of calculating the distributions to be made to Certificateholders and shall be recoverable by the Master Servicer or such Servicer pursuant to Section 4.02 and 4.03.

  • Standard Hazard and Flood Insurance Policies For each Mortgage Loan (other than a Cooperative Loan), the Master Servicer shall maintain, or cause to be maintained by each Servicer, standard fire and casualty insurance and, where applicable, flood insurance, all in accordance with the provisions of this Agreement and the related Servicing Agreement, as applicable. It is understood and agreed that such insurance shall be with insurers meeting the eligibility requirements set forth in the applicable Servicing Agreement and that no earthquake or other additional insurance is to be required of any Mortgagor or to be maintained on property acquired in respect of a defaulted loan, other than pursuant to such applicable laws and regulations as shall at any time be in force and as shall require such additional insurance. Pursuant to Section 4.01, any amounts collected by the Master Servicer, or by any Servicer, under any insurance policies maintained pursuant to this Section 9.16 or any Servicing Agreement (other than amounts to be applied to the restoration or repair of the property subject to the related Mortgage or released to the Mortgagor in accordance with the applicable Servicing Agreement) shall be deposited into the Collection Account, subject to withdrawal pursuant to Section 4.02. Any cost incurred by the Master Servicer or any Servicer in maintaining any such insurance if the Mortgagor defaults in its obligation to do so shall be added to the amount owing under the Mortgage Loan where the terms of the Mortgage Loan so permit; provided, however, that the addition of any such cost shall not be taken into account for purposes of calculating the distributions to be made to Certificateholders and shall be recoverable by the Master Servicer or such Servicer pursuant to Section 4.02.

  • Administration and Risk Management Employees of Federated Advisory Services Company provide support to portfolio managers and other employees of affiliated advisers. Such services may include development of risk management programs, production of portfolio and compliance reports for clients and/or fund Boards, coordination of client portfolios and related fixed income trade execution implementation and administration, completion of required broker and custody documentation, development and documentation of operational procedures, coordination of proxy voting activities, on-site support of hardware and software, etc.”

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!