Terms of Insurance Policies. Any policies carried in accordance with Sections A and B hereof covering the Engines, and any policies taken out in substitution or replacement for any such policies, as applicable, (1) in the case of Section A, shall name the Security Trustee and each other Secured Party (collectively, the “Additional Insureds”) as additional insureds, as their interests may appear, (2) shall name the Security Trustee as loss payee to the extent provided in Section B.1, (3) shall provide that if the insurers cancel such insurance for any reason whatsoever, or the same is allowed to lapse for nonpayment of premium or if any material change is made in the insurance which adversely affects the interest of any Additional Insured, such cancellation, lapse, or change shall not be effective as to the Additional Insureds for thirty (30) days (or ten (10) days in the case of nonpayment of premium) after sending to (but, in the case of war risk and allied perils coverage, seven (7) days after sending to) the Additional Insureds of written notice by such insurers of such cancellation or change (or, in the case of war risk and allied perils insurance underwritten by the FAA, seven days after publication in the Federal Register); provided, however, that if, in respect of the war risk and allied perils coverage, such policies shall provide for such shorter period as may be available in the international insurance market, (4) shall provide that in respect of the Additional Insureds’ respective interests in such policies the insurance shall not be invalidated by any action or inaction of the Grantor and shall insure the respective interests of the Additional Insureds regardless of any breach or violation of any warranty, declaration or condition contained in such policies by the Grantor, (5) shall be primary without any right of contribution from any other insurance which is carried by any Additional Insured, (6) shall expressly provide that all of the provisions thereof, except the limits of liability, shall operate in the same manner as if a separate policy covered each insured, (7) shall waive any right of subrogation of the insurers against the Additional Insureds to the same extent Grantor has agreed in the Loan Documents to indemnify the Additional Insureds and shall waive any right of the insurers to setoff or counterclaim or any other deduction, whether by attachment or otherwise, in respect of any liability of any Additional Insured, (8) shall provide that losses (other than for...
Terms of Insurance Policies. In addition to the requirements set out above, the Contractor must cause (or procure in the case of its Sub-Contractors) that each of the Insurances to be taken out are taken out on terms under which the insurer waives all rights of subrogation or action against VicForests except in the event of negligent or wilful misconduct by VicForests.
Terms of Insurance Policies. In the case of the insurances specified in clauses 41.1(b) and (c), the policies must, where permitted by Law:
(a) identify the respective rights and interests of the Shipper and the Service Providers; and
(b) contain a cross liability clause where the insurance policy covers the interest of more than one party, any act, negligence or omission or breach of a policy condition by an individual party will not prejudice the rights of the remaining party/parties; provided the remaining party/parties shall, upon becoming aware of any act, negligence or omission as a result of which the risk of legal liability to that party/parties has increased due to a breach of a policy condition, give notice to the insurers.
Terms of Insurance Policies. The extent of coverage under the insurance policies referred to in this Agreement shall be governed by the terms and conditions set forth in said policies. Questions concerning the administration of said insurance policies shall be resolved in accordance with the terms and conditions set forth in said policies and shall not be subject to the grievance and arbitration procedure set forth in this Agreement. The employer reserves the right to maintain or institute cost-containment measures relative to insurance coverage as included in the health insurance plan.
Terms of Insurance Policies. All policies of insurance shall be in full force and effect with respect to their coverage for any occurrence during appropriate periods contemplated by this Agreement, shall require at least (thirty) 30 days written notice to the DNCC, the City and Arena Company prior to cancellation thereof, and shall include express provisions in which the insurer (a) waives its subrogation rights against, and (b) agrees to defend, the City, the Host Committee, the Arena Indemnitees and the DNCC Indemnitees. No policy procured shall impose any obligation upon the DNCC whatsoever to pay any deductible, self-insured retention or self-insured participation in connection with any claim. Original copies of all policies shall be furnished to the DNCC, the Host Committee and Arena Company as applicable.
Terms of Insurance Policies. Any policies carried in accordance with Section 8.8 hereof and any policies taken out in substitution or replacement for any such policies:
(a) shall name Xxxxxx as Loss Payee, and Xxxxxxxx as Named Insured;
(b) all liability policies shall show or have endorsements showing Xxxxxx as an additional insured;
(c) shall provide that the insurance shall not be cancelled without the agreement of the Loss Payee except that in the event of non-payment of Premium, where such cancellation shall not be effective as to the Named Insured or Loss Payee for fifteen (15) Days after receipt by the Loss Payee of written notice by such insurers of such cancellation; provided, however, that if the notice period specified above is not reasonably obtainable, such policies shall provide for as long a period of prior notice as shall then be reasonably obtainable;
(d) shall include insurers obligation that the proceeds (including but not limited to, proceeds in case of partial loss and or total loss and/or constructive total loss (as such terms are defined under the Xxxx 17 Insurance Policies), except for payments under liability policies, shall be payable from the Insurers directly to Lender on account of the Obligations;
(e) shall be primary without any right of contribution from any other insurance which is carried by the Loss Payee; and
(f) shall waive any right of the insurers to set-off or counterclaim or any other deduction (other than premium payments, in accordance with industry standards), whether by attachment or otherwise, in respect of any liability of the Named Insured or Loss Payee.
Terms of Insurance Policies. In the case of the insurances specified in clauses 41.1(b) and (c), the policies must, where permitted by Law:
Terms of Insurance Policies. The extent of coverage under the group major medical insurance policy referred to in this Agreement shall be governed by the terms and conditions set forth in said policies. Questions concerning the administration of said insurance policies shall be resolved in accordance with the terms and conditions set forth in said policies and shall not be subject to the grievance and arbitration procedure set forth in this Agreement. The Board retains the right to change insurance carriers or otherwise provide for coverage of insurance (i.e., self-insurance) as long as benefits remain reasonably the same.
Terms of Insurance Policies. In the case of the insurances specified in 30.1(b), 30.1(c) and 30.1(d), the policies must, where permitted by Law:
Terms of Insurance Policies. All policies of insurance shall be in full force and effect with respect to their coverage for any occurrence during appropriate periods contemplated by this Agreement, shall require at least thirty (30) days’ written notice to the RNC and Metro prior to cancellation thereof, and shall include express provisions in which the insurer (a) waives its subrogation rights against, and (b) agrees to defend the Insured Parties. No policy procured shall impose any obligation upon the RNC or Metro whatsoever to pay any deductible, self-insured retention or self-insured participation in connection with any claim. Original copies of all policies shall be furnished to the Insured Parties, as applicable.
