The Company’s Insurance. If requested by the Company, the Asset Manager shall cause to be placed and kept in force all forms of insurance required by the Operating Agreement and the Annual Plan or required by any mortgage, deed of trust or other security agreement covering all or any part of any Property. The Asset Manager is to be named as an additional insured on the general liability policies in its capacity as managing agent. All such insurance coverage shall be placed through insurance companies and brokers selected or approved by the Company, with limits, values and deductibles established by the Company and with such beneficial interests appearing therein as shall be acceptable to the Company and otherwise be in conformity with the requirements of the Operating Agreement and the Annual Plan. Should the Company elect to place such insurance coverage directly, the Asset Manager shall be named as an additional insured on the general liability policies in its capacity as managing agent and the Company will provide the Asset Manager with a certificate of insurance evidencing such coverage. If requested to do so by the Company, the Asset Manager shall duly and punctually pay on behalf of the Company with funds provided by the Company all premiums with respect thereto, prior to the time the policy would lapse due to nonpayment. If any lease requires that a tenant maintain any insurance coverage, the Asset Manager shall use its commercially reasonable efforts to obtain insurance certificates annually, or more frequently, as required pursuant to the applicable leases, from each such tenant and review the certificates for compliance with the lease terms. If any lease requires the Company to provide insurance certificates to tenants thereunder, the Asset Manager shall obtain such insurance certificates from the Company, review the certificates for compliance with the lease terms, and provide a copy thereof to tenants in accordance with their respective leases. The Asset Manager shall promptly investigate and make a full and timely written report to the insurance broker, with a copy to the Company, as to all accidents, claims or damage of which the Asset Manager has knowledge relating to the operation and maintenance of each Property, any damage or destruction to each Property, and the estimated cost of repair thereof, and shall prepare any and all reports required by any insurance company in connection therewith. All such reports shall be filed timely with the insurance broker as requ...
The Company’s Insurance. Throughout the term of this Agreement, or during such period as the Parties shall agree in writing, the Company shall maintain in full force and effect comprehensive general liability (CGL) insurance, consistent with sound business practices. Such insurance policy shall include coverage for claims that may be asserted by the University against the Company under section 9.2 of this Agreement and for claims by a Third Party against the Company or the University arising out of the purchase or use of a Licensed Product. Such insurance policy shall name the University as an additional insured. Such insurance policy shall require the insurer to deliver written notice to the University at the address set forth in Article 21 of this Agreement, at least forty-five (45) days prior to the termination of the policy. The Company shall deliver to the University a copy of the certificate of insurance for such policy.
The Company’s Insurance. The Company shall carry and maintain at its expense the following insurance policies:
The Company’s Insurance. The Company must maintain the following insurance (the Company’'s Insurance) during the Lease Term: Insurance Coverage Policy Limit(s) Workers’' Compensation State required limits and policy form (subject to the paragraph below) Employer's Liability Injury by accident or disease: $1,000,000 Commercial general liability ISO Form CG 00 01 12 04, or equivalent Each Occurrence: $1,000,000 General Aggregate: $2,000,000 Products-Completed Operations: $2,000,000 Liquor liability Each occurrence/aggregate: $5,000,000 Business auto liability Per accident/aggregate: $1,000,000 Umbrella/excess liability insurance Each occurrence/aggregate: $25,000,000 Causes of loss-special form property insurance 100% of replacement cost of the Company’'s business personal property and leasehold improvements Garage Coverage ISO Garage Coverage Form CA 00 05 1001 Limits as required under the Urban Towers Parking Agreement
The Company’s Insurance. 9.4.1. Throughout the term of this Agreement, or during such period as the parties shall agree in writing, the Company shall maintain, and shall cause each sublicensee to maintain, in full force and effect comprehensive general liability (CGL) insurance, with single claim limits acceptable to the University. Such insurance policy shall include coverage for claims that may be asserted by the University against the Company under section 9.2 of this Agreement and for claims by a third party against the Company or the University arising out of the purchase or use of a Licensed Product. Such insurance policy shall name the University as an additional insured if the University so requests in writing. Such insurance policy shall require the insurer to deliver written notice to the University at the address set forth in article 21 of this Agreement, at least thirty (30) days prior to the termination of the policy. Upon receipt of the University's written request, the Company shall deliver to the University a copy of the certificate of insurance for such policy.
The Company’s Insurance. Where in exceptional circumstances the company is prepared to effect insurance on the customer’s behalf, the customer must be in receipt of written confirmation from the company prior to the commencement of hire validating this agreement. In the absence of such written confirmation, the customer shall not assume that the company is providing insurance on the customers behalf and shall be fully liable for all and any loss or damage whatsoever to the equipment including but not limited to, the full replacement value of the equipment, the full cost of repairing any damage and the continuing hire charges. It must be noted that the customer is required to pay the first £5000 of any loss and that while the cover which the company can effect represents the maximum cover available on a general basis under present conditions, the customer will nevertheless remain liable for additional hire charges and for all risks of loss or damage which are not covered by Real to Reel Ltd’s insurance policy (e.g. terrorism, war risks, hazardous activities etc). Full details of Real to Reel Ltd’s insurance policy can be supplied on request. A charge will be made by the company to the customer in respect of such insurance. The customer undertakes to make full disclosure of all material circumstances affecting such insurance (for example overseas or hazardous or abnormal use or use which may expose equipment to the elements of use involving non-scheduled aviation) and undertakes not to do or omit to do anything which would have the effect of invalidating such insurance. Any such disclosure must be made or confirmed by letter sent to the company by recorded delivery to reach it in sufficient time for the underwriters to be consulted. Consequential loss of any nature is specifically excluded and equipment is not insured in unattended vehicles full details of the cover provided with terms, exceptions and conditions of the policy shall be made available by the company at the customer’s request.
The Company’s Insurance. 9.5.1. Prior to the first dosing of a human subject with Licensed Product, and throughout the term of this Agreement thereafter, Company shall maintain, and shall cause each Material Sublicensee to maintain, in full force and effect comprehensive general liability (CGL) insurance, with single claim limits reasonably acceptable to the University. Such insurance policy shall include coverage for claims that may be asserted by the University or UMass against the Company under Section 9.2 of this Agreement and for claims by a Third Party against the Company or the University or UMass arising (i) out of the purchase or use of a Licensed Product, or (ii) from human clinical trials of Licensed Products by Company or its Sublicensees. Such insurance policy shall name the University and UMass, and any Sublicensee without independent insurance fulfilling the obligations of this Section 9.5.1, as additional insureds. Such insurance policy shall require the insurer to deliver written notice to the University at the address set forth in Article 22 of this Agreement at least thirty (30) days prior to the termination of the policy. Upon receipt of the University's written request, the Company shall deliver to the University a copy of the certificate of insurance for such policy. For avoidance of doubt, Company and Material Sublicensees are responsible for ensuring insurance coverage as required under this Section 9.5.1 is in place and in full force for the activities of each of their Sublicensees as a condition of providing a Sublicense to such Sublicensee.
The Company’s Insurance. 9.3.1 No later than [****], the Company shall maintain in full force and effect comprehensive general liability (CGL) insurance, with single claim limits of $[****] or more. Such insurance policy shall include coverage for claims that may be asserted by the University against the Company under Section 9.1 hereof and for claims by a third party against the Company or the University arising out purchase or use of a Product. Such insurance policy shall name the University as an additional insured. Upon receipt of the University’s written request, the Company shall deliver to the University a copy of the certificate of insurance for such policy.
The Company’s Insurance. The Company shall obtain and maintain all insurance with respect to each Property. Such insurance shall be of types and coverage amounts reasonably and customarily obtained by institutional owners in the market in which the Property is located and shall at no time result in coverage below the standards set forth on SCHEDULE 3.1 attached hereto. The Liquidator shall have the right, in its discretion, but not the obligation, unless specifically requested by the Company, to review the insurance program for the Properties from time to time and to recommend changes to the insurance program to reduce the cost of the insurance, to expand the types of coverages, to increase or reduce the coverage limits, to change the carrier and/or to make other changes. The Company agrees to review such recommendations promptly and, if the Company determines, using good faith reasonable judgment, that such proposed changes are consistent with prudent business practices of management of the Properties, to direct the Liquidator to implement the changes recommended. The Liquidator, and each Person to whom the Liquidator may transfer, delegate or assign any portion of its responsibilities pursuant to Section 2.3(c) of this Agreement and whom the Liquidator shall request that the Company designate as an additional insured on any or all of such policies, shall be named as an additional insured party as requested by the Liquidator.
The Company’s Insurance. 9.3.1 Commencing with the onset of human clinical trials by the Company and throughout the remainder of the Term, the Company shall maintain in full force and effect comprehensive general liability (CGL) insurance, with an aggregate claim limit of $1,000,000 and a single claim limit of $500,000. Prior to the sale by the Company of a Food and Drug Administration approved Licensed Product, the University and the Company shall mutually agree upon commercially reasonable insurance limits for such a product and upon such agreement, the Company shall amend the limits set forth in the first sentence to such new agreed upon limits. Such insurance policy shall include coverage for claims that may be asserted by the University against the Company under articles 9.1 and for claims by a third party against the Company or the University arising out of purchase or use of a Licensed Product. Such insurance policy shall name the University as an additional insured. Upon receipt of the University’s written request, the Company shall deliver to the University a copy of the certificate of insurance for such policy.
