Common use of Terminal Clause in Contracts

Terminal. Terminal agrees to provide and carry (or cause to be provided and carried) the following insurance during the term of this Agreement, at its expense and in forms and with insurance companies reasonably acceptable to Customer: (i) Statutory Workmen’s Compensation and Employer’s Liability Insurance with a minimum limit of the greater of $1,000,000 per occurrence or the applicable amount required by state or federal laws; (ii) Commercial General Liability Insurance as follows: (a) Bodily Injury Liability in an amount of not less than $1,000,000 for injuries, including death, to any one person in any one occurrence, and in an amount of not less than $2,000,000.00 covering injuries, including death, to more than one person in any one occurrence; and (b) Property Damage Liability in an amount of not less than $1,000,000 covering damage to or destruction of property in any one occurrence; and (iii) Fire and Extended Coverage to cover replacement value of the Terminal Facilities. Terminal has no obligation under this Agreement to insure Customer’s Products and property or property of others.

Appears in 4 contracts

Samples: Terminaling Services Agreement (World Point Terminals, LP), Terminaling Services Agreement (World Point Terminals, LP), Terminaling Services Agreement (World Point Terminals, LP)

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Terminal. Terminal agrees to provide and carry (or cause to be provided and carried) the following insurance during the term of this Agreement, at its expense and in forms and with insurance companies reasonably acceptable to Customer: (i) Statutory Workmen’s Compensation and Employer’s Liability Insurance with a minimum limit of the greater of $1,000,000 per occurrence or the applicable amount required by state or federal laws; (ii) Commercial General Liability Insurance as follows: (a) Bodily Injury Liability in an amount of not less than $1,000,000 for injuries, including death, to any one person in any one occurrence, and in an amount of not less than $2,000,000.00 2,000,000 covering injuries, including death, to more than one person in any one occurrence; and (b) Property Damage Liability in an amount of not less than $1,000,000 covering damage to or destruction of property in any one occurrence; and (iii) Fire and Extended Coverage to cover replacement value of the Terminal Facilities. Terminal has no obligation under this Agreement to insure Customer’s Products and property or property of others.

Appears in 2 contracts

Samples: Terminaling Services Agreement (World Point Terminals, LP), Terminaling Services Agreement (World Point Terminals, LP)

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Terminal. Terminal agrees to provide and carry (or cause to be provided and carried) the following insurance during the term of this Agreement, at its expense and in forms and with insurance companies reasonably acceptable to Customer: (i) Statutory Workmen’s 's Compensation and Employer’s 's Liability Insurance with a minimum limit of the greater of $1,000,000 per occurrence or the applicable amount required by state or federal laws; (ii) Commercial Comprehensive General Liability Insurance as follows: (a) Bodily Injury Liability in an amount of not less than $1,000,000 for injuries, including death, to any one person in any one occurrence, and in an amount of not less than $2,000,000.00 covering injuries, including death, to more than one person in any one occurrence; and (b) Property Damage Liability in an amount of not less than $1,000,000 covering damage to or destruction of property in any one occurrence; and (iii) Fire and Extended Coverage to cover replacement value of the Terminal Facilities. Terminal has no obligation under this Agreement to insure Customer’s Products 's Product and property or property of others.

Appears in 1 contract

Samples: Storage and Thruput Agreement (FutureFuel Corp.)

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