Terms of Insurance Coverages Sample Clauses

Terms of Insurance Coverages. Notwithstanding anything to the contrary contained in Schedule 13.2 to the ERGS SC Facility Leases, the New Common Facilities Owners shall use commercially reasonable efforts to ensure that all insurance coverages obtained pursuant to Section 9.1(a) provide that: (i) each New Common Facilities Owner is a named insured in respect of its Composite Component Ownership Interest and that its Lenders are named as additional insureds or loss payees in respect of its Composite Component Ownership Interest; (ii) each New Common Facilities Owner will receive at least 30 days written notice from the insurer prior to the cancellation or termination of or any material change in any such insurance coverages; and (iii) one of the New Common Facilities Owners (selected by vote of the New Common Facilities Owners pursuant to Article XI) or an agent selected pursuant to Article V, on behalf of the New Common Facilities Owners and any other named or additional insureds or loss payees, shall be solely responsible for pursuing claims and/or negotiating settlements in respect of claims under such insurance coverages. In addition, each of the New Common Facilities Owners agrees that its respective Lenders, if any, shall not be mortgagees under any insurance coverages obtained pursuant to Section 9.1(a).
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Terms of Insurance Coverages. Notwithstanding anything to the contrary contained in Schedule 13.2 to the ERGS SC Unit 1 Facility Lease, the Project Manager shall use commercially reasonable efforts to ensure that all insurance coverages obtained pursuant to Sections 9.1(a) and 9.1(b) provide that: (i) each Unit 1 Owner is a named insured in respect of its Unit 1 Facility Ownership Interest and that its Lenders are named as additional insureds or loss payees in respect of its Unit 1 Facility Ownership Interest; (ii) each Unit 1 Owner will receive at least 30 days written notice from the insurer prior to the cancellation or termination of or any material change in any such insurance coverages; and (iii) the Project Manager, on behalf of the Unit 1 Owners and any other named or additional insureds or loss payees, shall be solely responsible for pursuing claims and/or negotiating settlements in respect of claims under such insurance coverages. In addition, each of the Unit 1 Owners agrees that its respective Lenders, if any, shall not be mortgagees under any insurance coverages obtained pursuant to Sections 9.1(a) and 9.1(b).
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Terms of Insurance Coverages. 40 9.4 Condemnation Awards. ...............................................................................................41 ARTICLE X RETIREMENT OF THE PLANT..........................................................................41 10.1 Plant Life and Capacity. ..............................................................................................41 10.2 Delayed Retirement.....................................................................................................41
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Related to Terms of Insurance Coverages

  • Maintenance of Insurance Coverage Each party agrees to maintain throughout the term of this Agreement professional liability insurance coverage of the type and amount reasonably customary in its industry. Upon request, a party shall furnish the other party with pertinent information concerning the professional liability insurance coverage that it maintains. Such information shall include the identity of the insurance carrier(s), coverage levels, and deductible amounts.

  • Insurance Coverages The Contractor shall procure and maintain, at its sole cost and expense, in a form and content satisfactory to City, during the entire term of this Agreement including any extension thereof, the following policies of insurance which shall cover all elected and appointed officers, employees and agents of City:

  • Certificate of Insurer – Insurance Coverage Concurrently with any delivery of financial statements under Section 8.01(a), a certificate of insurance coverage from each insurer with respect to the insurance required by Section 8.07, in form and substance satisfactory to the Administrative Agent, and, if requested by the Administrative Agent or any Lender, all copies of the applicable policies.

  • Insurance Coverage The Company and each Subsidiary maintains in full force and effect insurance coverage that is customary for comparably situated companies for the business being conducted and properties owned or leased by the Company and each Subsidiary, and the Company reasonably believes such insurance coverage to be adequate against all liabilities, claims and risks against which it is customary for comparably situated companies to insure.

  • REINSURANCE COVERAGE Reinsurance under this Agreement will apply to insurance issued by the Ceding Company on the Plans of Insurance shown in Schedule A. Such Plans of Insurance shall be reinsured with the Reinsurer on an automatic basis, subject to the requirements set forth in Section A below, or on a facultative basis, subject to the requirements set forth in Section B below, or on a facultative obligatory basis, subject to the requirements set forth in Section C below. The specifications for all reinsurance under this Agreement are provided in Schedule B.

  • Types of Insurance The types and amounts of insurance required to be maintained under this Article are as follows:

  • Requirements of Insurance All such insurance shall (i) provide that no cancellation, material reduction in amount or material change in coverage thereof shall be effective until at least 30 days after receipt by the Collateral Agent of written notice thereof, (ii) name the Collateral Agent as mortgagee (in the case of property insurance) or additional insured on behalf of the Secured Parties (in the case of liability insurance) or loss payee (in the case of property insurance), as applicable, (iii) if reasonably requested by the Collateral Agent, include a breach of warranty clause and (iv) be reasonably satisfactory in all other respects to the Collateral Agent.

  • Form of Insurance The form of the insurance shall be approved by the Director and the City Attorney; such approval (or lack thereof) shall never (a) excuse non-compliance with the terms of this Section, or (b) waive or estop the City from asserting its rights to terminate this Contract. The policy issuer shall (1) have a Certificate of Authority to transact insurance business in Texas, or (2) be an eligible non-admitted insurer in the State of Texas and have a Best's rating of at least B+, and a Best's Financial Size Category of Class VI or better, according to the most current Best's Key Rating Guide.

  • Policies of Insurance At City’s request, the Artist shall provide City with the actual policies providing the coverage required above.

  • Evidence of Insurance Receipt by the Administrative Agent of copies of insurance policies or certificates of insurance of the Loan Parties evidencing liability and casualty insurance meeting the requirements set forth in the Loan Documents, including, but not limited to, naming the Administrative Agent as additional insured (in the case of liability insurance) or loss payee (in the case of hazard insurance) on behalf of the Lenders.

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