Section Insurance. The Company will provide insurance coverage for loss of mechanics' tools taken from Company's premises in the case of a proven burglary. The premiums shall be borne by the Company and claims paid to the mechanic in the case of a loss of his tools. Coverage will also be provided for loss due to fire. In order to claim under clause the mechanic must have filed annually an inventory of his tools with the Company.
Section Insurance. Schedule 3.15 contains a description of --------- ------------- all insurance which such Credit Party maintains or has maintained on its behalf as of the Closing Date. All of such insurance is in full force and effect.
Section Insurance. The Grantor will maintain or cause to be maintained with responsible insurance companies insurance with respect to its business and properties (including the Equipment and Inventory) against such casualties and contingencies and of such types and in such amounts as is required pursuant to the Credit Agreement and will, upon the request of the Administrative Agent, furnish a certificate of a reputable insurance broker setting forth the nature and extent of all insurance maintained by the Grantor in accordance with this Section. Without limiting the foregoing, the Grantor further agrees as follows:
(a) Each policy for property insurance shall show the Administrative Agent as loss payee.
(b) Each policy for liability insurance shall show the Administrative Agent as an additional insured.
(c) Each insurance policy shall provide that at least 30 days' prior written notice of cancellation or of lapse shall be given to the Administrative Agent by the insured (or at least 10 days' prior written notice of cancellation shall be given with respect to failure to pay the premium).
(d) The Grantor shall, if so requested by the Administrative Agent, deliver to the Administrative Agent a copy of each insurance policy.
Section Insurance. The Company agrees to provide fire insurance to cover recognized tools of the trade for Trades employees providing they submit a detailed list including prices and photos which is verified by the Supervisor prior to coverage being provided. This coverage to provide full replacement value.
Section Insurance. The Borrower shall, and shall cause each of its Subsidiaries to, at all times carry and maintain or cause to be carried and maintained the insurance set forth in SCHEDULE 5.9. The Borrower shall deliver, within a reasonable time, one true and complete copy of each insurance policy to the Administrative Agent, duly certified by a Responsible Officer of the Borrower. All such insurance shall comply with the other provisions set forth in SCHEDULE 5.9.
Section Insurance. The Organizer shall maintain as a Prior Action a schedule of insurance as specified by the Charter Schools Director.
Section Insurance. The Company and each of its subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as management of the Company believes to be prudent and customary in the businesses in which the Company and its subsidiaries are engaged. Neither the Company nor any such subsidiary has been refused any insurance coverage sought or applied for and neither the Company nor any such subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business at a cost that would not materially and adversely affect the condition, financial or otherwise, or the earnings, business or operations of the Company and its subsidiaries, taken as a whole. Section Regulatory Permits. The Company and its subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.
Section Insurance. The Borrower currently maintains insurance at 100% replacement cost insurance coverage (subject to customary deductibles) in respect of each of its Real Property Assets, as well as commercial general liability insurance (including, without limitation, "builders' risk" where applicable) against claims for personal, and bodily injury and/or death, to one or more persons, or property damage, as well as workers' compensation insurance, in each case with respect to liability and casualty insurance with insurers having an A.M. Best policyholders' rating of not less than A-VII in amounts that prudent owners of assets such as Borrower's directly or indirectly owned Real Property Assets would maintain.
Section Insurance. The Company agrees to provide fire insurance to cover recognized tools of the trade for Skilled Trades employees. This coverage to provide full replacement value. Section TOOL ALLOWANCE The Company agrees to pay a tool expense reimbursement of up to three hundred dollars ($300.00) annually to each Skilled Trade employee. Employees seeking reimbursement will have to bring in proof of purchase of tools which are recognized as necessary in their job functions. Section EDUCATION In the event the Company may acquire some advanced type machinery or equipment that would call for special servicing or operation by an employee of the appropriate Skilled Trade, it is agreed that such employee will be given the advantage of taking instruction as may be needed. The Company will offer instructions or training opportunities within a reasonable period of time to all Skilled Tradespersons within the affected classification by any method determined by the Company. The Company agrees to pay the cost of lost wages, if any, for such training. The Company agrees to deduct dues as may be authorized by the Canadian Region Skilled trades council CAW upon receipt of the individual authorized cards signed by such employees. This deduction will be made in the month of January each year. Section The Company agrees to implement a CAW Apprenticeship Program with the standards to be worked out within six (6) months of the signing of this Agreement and such standards shall be considered as an inseparable part of this Appendix. Should a Skilled Trades employee become medically unfit and unable to follow their skilled trade, both the Company and the Union will place such an employee on a job is capable of performing in In the event that an employee removed from a Skilled Trades classification is subsequently cleared, by medical examination, to return to such classification may elect to exercise total accumulated Skilled Trades seniority provided exercises such election within fourteen (14) calendar days of receipt of medical clearance. Section The Company and Union agree that when there are complaints and grievances pertaining to Skilled Trades employees, discussions and resolves that involve the Union will include the appropriate Skilled Trades Union LETTERS OF UNDERSTANDING No. LETTER OF UNDERSTANDING The Company agrees to pay into a separate fund three cents per hour per employee for all compensated hours during the life of the Agreement for the purpose of providing paid education leave ...
Section Insurance. Maintain, in addition to the coverage required by Section 8.7 and the Security Documents, insurance with responsible insurance companies against such risks and in such amounts as is customarily maintained by similar businesses or as may be required by Applicable Law, and from time to time deliver to the Agent or any Lender upon its request a detailed list of the insurance then in effect, stating the names of the insurance companies, the amounts and rates of the insurance, the dates of the expiration thereof and the properties and risks covered thereby.
