Standards for Insurance Sample Clauses

Standards for Insurance. Companies Insurers, other than the California State Compensation Insurance Fund, shall have an A.M. Best's rating of at least A:VII.
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Standards for Insurance. (1) Each Owner of a Unit shall obtain, at such Owner’s expense, for at least the full replacement value thereof, covering the Unit, and all improvements within the Unit, including the mechanical equipment and appliances, fixtures, interior partitions and partition walls, furniture, wallcoverings, floorcoverings, and furnishings within the Unit and any improvements, betterments and additions made to the Unit by such Owner, or its predecessors;
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Standards for Insurance. Companies • Insurance policies must be issued by an insurer with an A.M. Best's rating of at least A:VII.
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Standards for Insurance. All insurance policies required to be carried by Tenant under this Lease shall (i) be written by companies rated A/VII or better in "Best's Insurance Guide" and authorized to do business in California (if and as such policies with such insurers are available on commercially reasonable terms after reasonable efforts), (ii) with respect to Tenant liability and umbrella policies, name Landlord and any other parties reasonably designated by landlord as additional insureds, (iii) with respect to Tenant property and liability policies, contain loss payable clauses reasonably satisfactory to Landlord, including, without limitation, clauses providing for payment of insurance proceeds, as their interest may appear, to Tenant or to Landlord, (iv) provide coverage on an occurrence basis (if and as available on commercially reasonable terms after reasonable efforts), and (v) provide (to the extent obtainable after reasonable efforts) that Landlord shall receive thirty (30) days notice from the insurer before any cancellation or change in coverage, and ten (10) days notice from the insurer of cancellation for non-payment of premiums. In the event that any of the foregoing requirements or standards, or any other requirements or standards herein pertaining to insurance policies required to be carried by Tenant under the Lease, cannot be satisfied or are not available on commercially reasonable terms after reasonable effort by Tenant, then commercially reasonable terms for insurance policies applying to comparable properties at the time shall apply under this Lease.
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Standards for Insurance. Companies
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Related to Standards for Insurance

  • General Insurance Provisions (i) Any insurance which Tenant is required to maintain under this Lease shall include a provision which requires the insurance carrier to give Landlord not less than thirty (30) days' written notice prior to any cancellation or modification of such coverage.

  • General Insurance Requirements During the Term, Tenant shall at all times keep the Leased Property, and all property located in or on the Leased Property, including Capital Improvements, the Fixtures and Tenant’s Property, insured with the kinds and amounts of insurance described below. Each element of insurance described in this Article XIII shall be maintained with respect to the Leased Property of each Facility and Tenant’s Property and operations thereon. Such insurance shall be written by companies permitted to conduct business in the applicable State. All third party liability type policies must name Landlord as an “additional insured.” All property policies shall name Landlord as “loss payee” for its interests in each Facility. All business interruption policies shall name Landlord as “loss payee” with respect to Rent only. Property losses shall be payable to Landlord and/or Tenant as provided in Article XIV. In addition, the policies, as appropriate, shall name as an “additional insured” and/or “loss payee” each Permitted Leasehold Mortgagee and as an “additional insured” or “loss payee” the holder of any mortgage, deed of trust or other security agreement (“Facility Mortgagee”) securing any indebtedness or any other Encumbrance placed on the Leased Property in accordance with the provisions of Article XXXI (“Facility Mortgage”) by way of a standard form of mortgagee’s loss payable endorsement. Except as otherwise set forth herein, any property insurance loss adjustment settlement shall require the written consent of Landlord, Tenant, and each Facility Mortgagee (to the extent required under the applicable Facility Mortgage Documents) unless the amount of the loss net of the applicable deductible is less than Five Million Dollars ($5,000,000) in which event no consent shall be required. Evidence of insurance shall be deposited with Landlord and, if requested, with any Facility Mortgagee(s). The insurance policies required to be carried by Tenant hereunder shall insure against all the following risks with respect to each Facility:

  • Directors and Officers Liability Insurance 6.01 The Company shall, from time to time, make the good faith determination whether or not it is practicable for the company to obtain and maintain a policy or policies of insurance with reputable insurance companies providing the directors and officers with coverage for losses from wrongful acts, or to ensure the Company's performance of its indemnification obligations under this Agreement. Among other considerations, the Company will weigh the costs of obtaining such insurance coverage against the protection afforded by such coverage. In all policies of directors' and officers' liability insurance, Indemnitee shall be named as an insured in such a manner as to provide Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Company's directors, if Indemnitee is a director; or of the Company's officers, if Indemnitee is not a director of the Company but is an officer. Notwithstanding the foregoing, the Company shall have no obligation to obtain or maintain such insurance if the Company determines in good faith that such insurance is not reasonably available, if the premium costs for such insurance are disproportionate to the amount of coverage provided, if the coverage provided by such insurance is limited by exclusions so as to provide an insufficient benefit, or if Indemnitee is covered by similar insurance maintained by a parent or subsidiary of the Company.

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