Xxxxxxx’s Required Insurance Coverages. Xxxxxxx, at Xxxxxxx’s expense, agrees to keep in force during the term of this Agreement:
Xxxxxxx’s Required Insurance Coverages. Xxxxxxx, at Xxxxxxx’s expense, agrees to keep in force during the term of this Agreement commercial general liability insurance which insures against claims for bodily injury, personal injury, and property damage based upon, involving, or arising out of the use, occupancy, or maintenance of the Property in an as promulgated by the NMCRA from time to time. All policies required to be carried by Grantee hereunder shall be issued by and binding upon an insurance company licensed to do business in the State of Florida with a rating of at least “A-VIII” or better as set forth in the most current issue of Best’s Insurance Reports, unless otherwise approved by the NMCRA. Grantee shall not do or permit anything to be done that would invalidate the insurance policies required herein. Certificates of insurance, acceptable to NMCRA, evidencing the existence and amount of each insurance policy required hereunder shall be delivered to NMCRA prior to disbursement of any Grant proceeds and thereafter no more than (10) days following each renewal date. Certificates of insurance for insurance required to be maintained as set forth above shall include an endorsement for each policy showing that the NMCRA is included as an additional insured. Further, the certificates must include an endorsement for each policy whereby the insurer agrees not to cancel, non-renew, or materially alter the policy without at least thirty (30) days’ prior written notice to the NMCRA. The limits of insurance shall not limit the liability of Grantee or relieve Grantee of any obligation hereunder, except as otherwise expressly provided for herein.
Xxxxxxx’s Required Insurance Coverages. Xxxxxxx, at Xxxxxxx’s expense, agrees to keep in force until Final Completion of the Project:
