Common use of Seller Insurance Requirements Clause in Contracts

Seller Insurance Requirements. Seller shall obtain and maintain, at its sole cost and expense, the following insurance coverages from insurers who are licensed in the State and who have a Best’s rating of A: VII or better: (i) to the extent Seller has employees, Seller shall maintain statutory worker’s compensation and employer’s liability insurance in limits of not less than one million dollars ($1,000,000) to protect Seller from any liability or damages for any injuries (including death and disability) to any and all of its employees, including any and all liability or damage which may arise by virtue of any statute or law in force within the State; (ii) commercial general liability insurance having a minimum combined single limit of liability of one million dollars ($1,000,000) per occurrence and two million dollars ($2,000,000) in aggregate, to protect Seller, its Subcontractors, and the interest of Purchaser, its officers and employees, against any and all injuries to third parties, including bodily injury and personal injury, wherever located, resulting from any action or operation under this Agreement or in connection with the Services; the general liability insurance shall also include broad form general liability endorsement, in addition to coverages for explosion, collapse, and underground hazards, where required; (iii) to the extent Seller operates vehicles, Seller shall maintain owned, non- owned and hired commercial automobile liability insurance having a minimum combined single limit of liability of one million dollars ($1,000,000) per occurrence/aggregate, including property damage, covering all owned, non-owned, borrowed, leased, or rented vehicles operated by Seller; in addition, all mobile equipment used by Seller in connection with the Services shall be insured under either a standard commercial automobile liability policy or a commercial general liability policy; the garage keeper’s liability coverage shall also be maintained where appropriate; (iv) Seller shall require its construction contractor to purchase builder’s risk and fire and extended coverage insurance to protect Purchaser and Seller and its Subcontractors against loss caused by perils, in a minimum amount of the expected cost of the System; such insurance value shall reflect any increases to the Agreement through change orders; policy to be in builder’s risk completed value forms, including the following (A) policies shall be written to include the name of Seller, (B) all insurance shall be in effect on or before the date when work is to commence, and (C) all insurance shall be maintained in full force and effect until the final acceptance of the System by Purchaser; and (v) environmental impairment liability insurance, including sudden and accidental pollution and in transit coverage as well as coverage for storage at site, having a minimum limit of liability of one million dollars ($1,000,000) per occurrence.

Seller Insurance Requirements. Seller shall obtain and maintain, at its sole cost and expense, the following insurance coverages from insurers who are licensed in the State and who have a Best’s rating of A: VII or better: (i) to the extent Seller has employees, Seller shall maintain statutory worker’s compensation and employer’s liability insurance in limits of not less than one million dollars ($1,000,000) to protect Seller from any liability or damages for any injuries (including death and disability) to any and all of its employees, including any and all liability or damage which may arise by virtue of any statute or law in force within the State; (ii) commercial general liability insurance having a minimum combined single limit of liability of one million dollars ($1,000,000) per occurrence and two million dollars ($2,000,000) in aggregate, to protect Seller, its Subcontractors, and the interest of Purchaser, its officers and employees, against any and all injuries to third parties, including bodily injury and personal injury, wherever located, resulting from any action or operation under this Agreement or in connection with the Services; the general liability insurance shall also include broad form general liability endorsement, in addition to coverages for explosion, collapse, and underground hazards, where required; (iii) to the extent Seller operates vehicles, Seller shall maintain owned, non- non-owned and hired commercial automobile liability insurance having a minimum combined single limit of liability of one million dollars ($1,000,000) per occurrence/aggregate, including property damage, covering all owned, non-owned, borrowed, leased, or rented vehicles operated by Seller; in addition, all mobile equipment used by Seller in connection with the Services shall be insured under either a standard commercial automobile liability policy or a commercial general liability policy; the garage keeper’s liability coverage shall also be maintained where appropriate; (iv) Seller shall require its construction contractor to purchase builder’s risk and fire and extended coverage insurance to protect Purchaser and Seller and its Subcontractors against loss caused by perils, in a minimum amount of the expected cost of the System[•]2; such insurance value shall reflect any increases to the Agreement through change orders; policy to be in builder’s risk completed value forms, including the following (A) policies shall be written to include the name names of SellerSeller and Purchaser and the words “as their interest may appear”, (B) all insurance shall be in effect on or before the date when work is to commence, and (C) all insurance shall 1 NTD: Amount to be inserted: cost of the system and the installation cost. be maintained in full force and effect until the final acceptance of the System by Purchaser; and; (v) environmental impairment liability insurance, including sudden and accidental pollution and in transit coverage as well as coverage for storage at site, having a minimum limit of liability of one million [•] dollars ($1,000,000[•])] per occurrence; and (vi) [excess (of subsections (ii), (iii) and (iv) above) liability insurance having a minimum limit of liability of [•] dollars ($[•]) per occurrenceoccurrence and in aggregate per policy year.]

Seller Insurance Requirements. Seller shall obtain and maintain, at its sole cost and expense, the following insurance coverages from insurers who are licensed in the State and who have a Best’s rating of A: VII or better: (i) to the extent Seller has employees, Seller shall maintain statutory worker’s compensation and employer’s liability insurance in limits of not less than one million dollars ($1,000,000) to protect Seller from any liability or damages for any injuries (including death and disability) to any and all of its employees, including any and all liability or damage which may arise by virtue of any statute or law in force within the State; (ii) commercial general liability insurance having a minimum combined single limit of liability of one million dollars ($1,000,000) per occurrence and two million dollars ($2,000,000) in aggregate, to protect Seller, its Subcontractors, and the interest of Purchaser, its officers and employees, against any and all injuries to third parties, including bodily injury and personal injury, wherever located, resulting from any action or operation under this Agreement or in connection with the Services; the general liability insurance shall also include broad form general liability endorsement, in addition to coverages for explosion, collapse, and underground hazards, where required; (iii) to the extent Seller operates vehicles, Seller shall maintain owned, non- owned and hired commercial automobile liability insurance having a minimum combined single limit of liability of one million dollars ($1,000,000) per occurrence/aggregate, including property damage, covering all owned, non-owned, borrowed, leased, or rented vehicles operated by Seller; in addition, all mobile equipment used by Seller in connection with the Services shall be insured under either a standard commercial automobile liability policy or a commercial general liability policy; the garage keeper’s liability coverage shall also be maintained where appropriate; (iv) Seller shall require its construction contractor to purchase builder’s risk and fire and extended coverage insurance to protect Purchaser and Seller and its Subcontractors against loss caused by perils, in a minimum amount of the expected cost of the System[•]; such insurance value shall reflect any increases to the Agreement through change orders; policy to be in builder’s risk completed value forms, including the following (A) policies shall be written to include the name of Seller, (B) all insurance shall be in effect on or before the date when work is to commence, and (C) all insurance shall be maintained in full force and effect until the final acceptance of the System by Purchaser; and (v) environmental impairment liability insurance, including sudden and accidental pollution and in transit coverage as well as coverage for storage at site, having a minimum limit of liability of one million dollars ($1,000,000) per occurrence.

Seller Insurance Requirements. Seller shall obtain and maintain, at its sole cost and expense, the following insurance coverages from insurers who are licensed in the State and who have a Best’s rating of A: VII or better: (i) to the extent Seller has employees, Seller shall maintain statutory worker’s compensation and employer’s liability insurance in limits of not less than one million dollars ($1,000,000) to protect Seller from any liability or damages for any injuries (including death and disability) to any and all of its employees, including any and all liability or damage which may arise by virtue of any statute or law in force within the State; (ii) commercial general liability insurance having a minimum combined single limit of liability of one million dollars ($1,000,000) per occurrence and two million dollars ($2,000,000) in aggregate, to protect Seller, its Subcontractors, and the interest of Purchaser, its officers and employees, against any and all injuries to third parties, including bodily injury and personal injury, wherever located, resulting from any action or operation under this Agreement or in connection with the Services; the general liability insurance shall also include broad form general liability endorsement, in addition to coverages for explosion, collapse, and underground hazards, where required; (iii) to the extent Seller operates vehicles, Seller shall maintain owned, non- non-owned and hired commercial automobile liability insurance having a minimum combined single limit of liability of one million dollars ($1,000,000) per occurrence/aggregate, including property damage, covering all owned, non-owned, borrowed, leased, or rented vehicles operated by Seller; in addition, all mobile equipment used by Seller in connection with the Services shall be insured under either a standard commercial automobile liability policy or a commercial general liability policy; the garage keeper’s liability coverage shall also be maintained where appropriate; (iv) Seller shall require its construction contractor prior to purchase Seller’s delivery of the Notice described in Section 4.2, builder’s risk and fire and extended coverage insurance to protect Purchaser and Seller and its Subcontractors against loss caused by perils, in a minimum amount of the expected cost of the System; such insurance value shall reflect any increases to the Agreement through change orders; policy to be in builder’s risk completed value forms, including the following (A) policies shall be written to include the name names of SellerSeller and Purchaser and the words “as their interest may appear”, (B) all insurance shall be in effect on or before the date when work is to commence, and (C) all insurance shall be maintained in full force and effect until the final acceptance of the System by Purchaser; andany loss insured under this Section 9.1(b)(iv) is to be adjusted with the Purchaser and made payable to Purchaser as trustee for the requirements of any applicable mortgagee clause; (v) environmental impairment liability insurance, including sudden and accidental pollution and in transit coverage as well as coverage for storage at site, having a minimum limit of liability of one million dollars ($1,000,000) per occurrencecontamination event and two million dollars ($2,000,000) in the aggregate per policy year; and (vi) excess (of subsections (ii), (iii) and (iv) above) liability insurance having a minimum limit of liability of three million dollars ($3,000,000) per occurrence and three million dollars ($3,000,000) in the aggregate per policy year.

Seller Insurance Requirements. Seller shall obtain and maintain, at its sole cost and expense, the following insurance coverages from insurers who are licensed in the State and who have a Best’s rating of A: VII or better: (i) to the extent Seller has employees, Seller shall maintain statutory worker’s compensation and employer’s liability insurance in limits of not less than one million dollars ($1,000,000) to protect Seller from any liability or damages for any injuries (including death and disability) to any and all of its employees, including any and all liability or damage which may arise by virtue of any statute or law in force within the State; (ii) commercial general liability insurance having a minimum combined single limit of liability of one million dollars ($1,000,000) per occurrence and two million dollars ($2,000,000) in aggregate, to protect Seller, its Subcontractors, and the interest of Purchaser, its officers and employees, against any and all injuries to third parties, including bodily injury and personal injury, wherever located, resulting from any action or operation under this Agreement or in connection with the Services; the general liability insurance shall also include broad form general liability endorsement, in addition to coverages for explosion, collapse, and underground hazards, where required; (iii) to the extent Seller operates vehicles, Seller shall maintain owned, non- non-owned and hired commercial automobile liability insurance having a minimum combined single limit of liability of one million dollars ($1,000,000) per occurrence/aggregate, including property damage, covering all owned, non-owned, borrowed, leased, or rented vehicles operated by Seller; in addition, all mobile equipment used by Seller in connection with the Services shall be insured under either a standard commercial automobile liability policy or a commercial general liability policy; the garage keeper’s liability coverage shall also be maintained where appropriate; (iv) Seller shall require its construction contractor to purchase builder’s risk and fire and extended coverage insurance to protect Purchaser and Seller and its Subcontractors against loss caused by perils, in a minimum amount of the expected cost of the System[•]2; such insurance value shall reflect any increases to the Agreement through change orders; policy to be in builder’s risk completed value forms, including the following (A) policies shall be written to include the name names of SellerSeller and Purchaser and the words “as their interest may appear”, (B) all insurance shall be in effect on or before the date when work is to commence, and (C) all insurance shall be maintained in full force and effect until the final acceptance of the System by Purchaser; and; (v) environmental impairment liability insurance, including sudden and accidental pollution and in transit coverage as well as coverage for storage at site, having a minimum limit of liability of one million [•] dollars ($1,000,000[•])] per occurrence; and (vi) [excess (of subsections (ii), (iii) and (iv) above) liability insurance having a minimum limit of liability of [•] dollars ($[•]) per occurrenceoccurrence and in aggregate per policy year.]

Seller Insurance Requirements. Seller shall obtain and maintain, at its sole cost and expense, the following insurance coverages from insurers who are licensed in the State and who have a Best’s rating of A: VII or better: (i) to the extent Seller has employees, Seller shall maintain statutory worker’s compensation and employer’s liability insurance in limits of not less than one million dollars ($1,000,000) DocuSign Envelope ID: B0A47EA5-ADDC-4324-853B-09D49711DBFF to protect Seller from any liability or damages for any injuries (including death and disability) to any and all of its employees, including any and all liability or damage which may arise by virtue of any statute or law in force within the State; (ii) commercial general liability insurance having a minimum combined single limit of liability of one million dollars ($1,000,000) per occurrence and two million dollars ($2,000,000) in aggregate, to protect Seller, its Subcontractors, and the interest of Purchaser, its officers and employees, against any and all injuries to third parties, including bodily injury and personal injury, wherever located, resulting from any action or operation under this Agreement or in connection with the Services; the general liability insurance shall also include broad form general liability endorsement, in addition to coverages for explosion, collapse, and underground hazards, where required; (iii) to the extent Seller operates vehicles, Seller shall maintain owned, non- owned and hired commercial automobile liability insurance having a minimum combined single limit of liability of one million dollars ($1,000,000) per occurrence/aggregate, including property damage, covering all owned, non-owned, borrowed, leased, or rented vehicles operated by Seller; in addition, all mobile equipment used by Seller in connection with the Services shall be insured under either a standard commercial automobile liability policy or a commercial general liability policy; the garage keeper’s liability coverage shall also be maintained where appropriate; (iv) Seller shall require its construction contractor to purchase builder’s risk and fire and extended coverage insurance to protect Purchaser and Seller and its Subcontractors against loss caused by perils, in a minimum amount of the expected cost of the System; such insurance value shall reflect any increases to the Agreement through change orders; policy to be in builder’s risk completed value forms, including the following (A) policies shall be written to include the name of Seller, (B) all insurance shall be in effect on or before the date when work is to commence, and (C) all insurance shall be maintained in full force and effect until the final acceptance of the System by Purchaser; and (v) environmental impairment liability insurance, including sudden and accidental pollution and in transit coverage as well as coverage for storage at site, having a minimum limit of liability of one million dollars ($1,000,000) per occurrence.

Seller Insurance Requirements. Seller shall obtain and maintain, at its sole cost and expense, the following insurance coverages from insurers who are licensed in the State and who have a Best’s rating of A: VII or better: (i) to the extent Seller has employees, Seller shall maintain statutory worker’s compensation and employer’s liability insurance in limits of not less than one million dollars ($1,000,000) to protect Seller from any liability or damages for any injuries (including death and disability) to any and all of its employees, including any and all liability or damage which may arise by virtue of any statute or law in force within the State; (ii) commercial general liability insurance having a minimum combined single limit of liability of one million dollars ($1,000,000) per occurrence and two million dollars ($2,000,000) in aggregate, to protect Seller, its Subcontractors, and the interest of Purchaser, its officers and employees, against any and all injuries to third parties, including bodily injury and personal injury, wherever located, resulting from any action or operation under this Agreement or in connection with the Services; the general liability insurance shall also include broad form general liability endorsement, in addition to coverages for explosion, collapse, and underground hazards, where required; (iii) to the extent Seller operates vehicles, Seller shall maintain owned, non- owned and hired commercial automobile liability insurance having a minimum combined single limit of liability of one million dollars ($1,000,000) per occurrence/aggregate, including property damage, covering all owned, non-owned, borrowed, leased, or rented vehicles operated by Seller; in addition, all mobile equipment used by Seller in connection with the Services shall be insured under either a standard DocuSign Envelope ID: E7F8C3BA-0A7D-40B7-90AD-68B83985A9C1 commercial automobile liability policy or a commercial general liability policy; the garage keeper’s liability coverage shall also be maintained where appropriate; (iv) Seller shall require its construction contractor to purchase builder’s risk and fire and extended coverage insurance to protect Purchaser and Seller and its Subcontractors against loss caused by perils, in a minimum amount of the expected cost of the System; such insurance value shall reflect any increases to the Agreement through change orders; policy to be in builder’s risk completed value forms, including the following (A) policies shall be written to include the name of Seller, (B) all insurance shall be in effect on or before the date when work is to commence, and (C) all insurance shall be maintained in full force and effect until the final acceptance of the System by Purchaser; and (v) environmental impairment liability insurance, including sudden and accidental pollution and in transit coverage as well as coverage for storage at site, having a minimum limit of liability of one million dollars ($1,000,000) per occurrence.