Seller’s Insurance. Seller shall maintain (A) property insurance on the System for the replacement cost thereof, (B) commercial general liability insurance with coverage of at least $1,000,000 per occurrence and $2,000,000 annual aggregate, (C) employer’s liability insurance with coverage of at least $1,000,000 and (iv) workers’ compensation insurance as required by law.
Seller’s Insurance. 15.5.1 Seller shall obtain and maintain or cause to be obtained and maintained:
(a) insurance for the Driftwood LNG Terminal to the extent required by Applicable Law, and
(b) additional insurance, as is reasonably necessary, against such other risks and at such levels as a Reasonable and Prudent Operator of a liquefaction terminal would obtain.
15.5.2 Seller shall obtain or cause to be obtained the insurance required by Section 15.5.1 from a reputable insurer (or insurers) reasonably believed to have adequate financial reserves. Seller shall exercise its best efforts, or shall cause the applicable insured Person to use its best efforts, to collect any amount due under such insurance policies.
Seller’s Insurance. If necessary or appropriate for Purchaser to evaluate its options or enforce its rights under this Article 7 following any damage to the Property, Seller shall promptly provide to Purchaser on request a copy of Seller's property insurance policies (or other applicable insurance policies) with respect to the Property.
Seller’s Insurance. SELLER shall maintain the following insurance at its own expense, with insurance companies with an A.M. Best rating of A-, VII or better and approved to do business in the state where contract performance occurs. Worker’s Compensation to meet the statutory liability limits of the State in which the work is to be performed and Employer’s Liability in the amount of $1,000,000. Commercial General Liability to cover bodily injury and property damage including blanket contractual liability and products/completed operations liability in amounts not less than $1,000,000 per occurrence and $2,000,000 in the aggregate. LOCKHEED XXXXXX Corp. shall be named as an additional insured. Policy shall include coverage for XCU hazards. SELLER shall maintain products/completed operations liability coverage in force for three years subsequent to completion of work under this contract or for the duration of the warranty period, whichever is longer. Automobile Liability coverage (if applicable) to cover any vehicle operated by SELLER in the amount of no less than $1,000,000 per accident. LOCKHEED XXXXXX Corp. shall be named as an additional insured. Umbrella/Excess Liability in the amount of $25,000,000 per occurrence, following form. Architects and Engineers Professional Liability in a minimum amount of $5,000,000 per claim carried by either SELLER or its Subcontractors. Builder’s Risk coverage in the amount of $1,000,000 to cover the Deliverable Work. Coverage to be on an All Risks basis with no co-insurance. This policy is meant to cover LOCKHEED XXXXXX’x deductible rather than the completed value of the Deliverable Work. LOCKHEED XXXXXX Corporation, SELLER and all Subcontractors shall be included as additional insureds. If a separate policy is not issued, LOCKHEED XXXXXX Corporation’s interest in the specific location under construction must be noted under the blanket policy. SELLER shall not include any premium to insure such loss or damages exceeding the one million dollar ($1,000,000) loss threshold assumed by SELLER under Section 18 as a cost in this contract. Property, Transit and Marine Insurance to provide coverage for, but not limited to all property described in 18(b). above on an all risk basis. Any deductibles carried by SELLER under such insurance shall be borne by SELLER. As may be reasonably required by LOCKHEED XXXXXX, the above insurance limits may be increased and additional coverage may be required. This insurance shall extend to provide coverage for any S...
Seller’s Insurance. Seller shall maintain throughout the Term of this Agreement, at its sole cost and expense, the policies of insurance meeting the terms and conditions set forth on Schedule 11.3 attached hereto and made a part hereof.
Seller’s Insurance. Through the Time of Transfer, the Seller will maintain insurance coverage customarily maintained by the parties engaged in the Business and covering all loss, damage, liability and risk allocated to the Sellers in paragraph 11.3 including, without limitation, general liability, casualty, workers’ compensation, vehicle and property insurance in amounts customarily maintained by the Seller.
Seller’s Insurance. Commencing on the date set forth on Schedule 7.2 with respect to each policy coverage and for the balance of the Term of this Agreement, Seller shall maintain at the policies and amounts of insurance as set forth in Schedule 7.2 with an insurance company or companies reasonably satisfactory to Buyer and qualified to do business in the State of Nevada and having a Best's rating not less than A-VII. Seller's costs of insurance shall be included in the computation of Buyer's payment obligation pursuant to Section 4.2 of this Agreement.
Seller’s Insurance. Each policy of insurance required to be maintained by Seller
Seller’s Insurance. Seller shall, at its sole expense, carry and maintain in full force and effect throughout the term of this Agreement insurance coverages, with insurance companies rated not less than A-, IX by A.M. Best or otherwise reasonably satisfactory to Buyer, of the following types and amounts:
(i) Pollution liability coverage for “sudden and accidental pollution” liability with a minimum limit of $[REDACTED] per occurrence.
(ii) All risk insurance covering full replacement cost of any Oil and Feedstock owned by Seller while stored in the Storage Facilities.
(iii) Cargo insurance on Oil and Feedstock while on board sea going vessels at [REDACTED]% of their full CIF value based on Institute Cargo Clauses (A) “All Risks.”
Seller’s Insurance. Seller shall, at its sole expense, carry and maintain in full force and effect throughout the term of this Agreement insurance coverages, with insurance companies rated not less than A-, IX by A.M. Best or otherwise reasonably satisfactory to Buyer, of the following types and amounts:
(i) Pollution liability coverage for “sudden and accidental pollution” liability with a minimum limit of $[REDACTED] per occurrence.
(ii) All risk insurance covering full replacement cost of any Oil owned by Seller while stored in the Storage Facilities.
(iii) Cargo insurance on Oil while on board sea going vessels at [REDACTED]% of their full CIF value based on Institute Cargo Clauses (A) “All Risks.”
