XXXXXXXX INSURANCE. If homeowner’s insurance cannot be obtained, or can be obtained only at a higher than standard rate due to the condition or claims history of the Property, then the Purchaser may terminate this Agreement by providing written notice to Seller by the later of the expiration of the Financing Contingency Period or the Inspection Period, and the termination procedures of Paragraph 23 shall apply.
XXXXXXXX INSURANCE. Merchant will maintain general liability and business-interruption insurance in the amounts and against risks as are satisfactory to Purchaser and shall provide Purchaser proof of such insurance upon request.
XXXXXXXX INSURANCE. You shall, at your own expense, maintain at all times during the term of this Agreement, all risk perils property insurance (“Property Insurance”) covering the Equipment from all sources (Equipment Rental Floater or Production Package Policy) including coverage for, without limitation, (i) theft by force (ii) theft by fraudulent scheme and/or “voluntary parting” (iii) mysterious disappearance (iv) loss of use of the Equipment, from the time the Equipment is picked up by you or a shipper at our place of business or placed upon a common carrier for forwarding to you, as applicable, until the Equipment is returned to and accepted by us. The Property Insurance shall be on a worldwide basis shall name us as an additional insured and as the loss payee with respect to the Equipment and shall cover all risks of loss of, or damage or destruction to the Equipment. The Property Insurance coverage shall be sufficient to cover the Equipment at its replacement value but shall, in no event, be less than $1,000,000. The Property Insurance shall be primary coverage over our insurance.
XXXXXXXX INSURANCE. Building and Contents Property insurance shall be secured for buildings and contents. Property Insurance coverage for the “Building” includes the structure, including permanently installed fixtures, machinery and equipment, outdoor fixtures, and personal property to service the premises. If the Building is under construction, the School shall provide evidence of property insurance for the additions under construction and alterations, repairs, including materials, equipment, supplies, and temporary structures within 100 feet of the premises. If the School leases the site location, then the School shall provide on a form acceptable to the Sponsor evidence of business personal property insurance, to include furniture, fixtures, equipment, and machinery used in the School.
XXXXXXXX INSURANCE. Personal and District Owned Property The School further agrees to secure and maintain property insurance for the School’s personal property, and to insure all of the District’s owned property, if any, to be used by the School to its full fair market value with the Sponsor named as loss payee. The insurance must be sufficient to provide for replacement of property.
XXXXXXXX INSURANCE. 18.2.1 Unless otherwise provided in the Contract Documents, Bechtel shall procure and maintain from insurance companies of established reputation authorized to do business in the State of California, “All Risk” Builder’s Risk property insurance upon the entire Project to the full replacement cost value of the Project and other expenses incurred to replace or repair the insured property. The property insurance obtained by Bechtel shall include as additional insureds the interests of Bechtel, Vendor and its subcontractors (but only if such subcontractors scope of work requires their presence at the Site), with waiver of subrogation, and shall insure against the perils of fire and extended coverage, theft, vandalism, malicious mischief, collapse, flood, debris removal and other perils or causes of loss, with sub-limits and aggregated sub-limits for the respective perils in accordance with standard industry practice and insurance market availability as approved by Owner. The property insurance shall include physical loss or damage to the Project, including materials and equipment in transit, at the Site or at another location as may be indicated in Vendor’s Application for Payment and approved by Bechtel.
XXXXXXXX INSURANCE. Mortgage insurance is required on all loans with loan to value ratios in excess of 80.1%. Coverage is required as follows: Loans with LTV’s of 80.0% or less are not required to carry mortgage insurance. The following private mortgage insurance companies are approved to participate in the program. Genworth Mortgage Insurance Company Mortgage Guaranty Insurance Corp. United Guaranty Residential Insurance Company POLICE AND FIREMEN MORTGAGE PROGRAM
XXXXXXXX INSURANCE. Public and Products Liability Insurance - Seller shall maintain insurance (i) on all insurable tangible Property against fire, flood, casualty and such other hazards (including, without limitation, extended coverage, workmen’s compensation, boiler and machinery, with inflation coverage by endorsement) and (ii) against public liability, product liability and business interruption, in each case in such amounts, with such deductibles and with such insurers as are customarily used by companies operating in the same industry as Seller. At or prior to the Closing Date, Seller shall furnish FGI with duplicate original policies of insurance or such other evidence of insurance as FGI may require, and any certificates of insurance shall be issued on Xxxxx Form-27. In the event Seller fails to procure or cause to be procured any such insurance or to timely pay or cause to be paid the premium(s) on any such insurance, FGI may do so for Seller, but Seller shall continue to be liable for the same. The policies of all such casualty insurance shall contain standard FGI’s lender loss payable clauses (and, with respect to liability and interruption insurance, additional insured clauses) issued in favor of FGI under which all losses thereunder shall be paid to FGI as FGI’s interest may appear. Such policies shall expressly provide that the requisite insurance cannot be altered or canceled without thirty (30) days prior written notice to FGI and shall insure FGI notwithstanding the act or neglect of Seller. Seller hereby appoints FGI as Seller’s attorney-in-fact, exercisable at FGI’s option, to endorse any check which may be payable to Seller in order to collect the proceeds of such insurance and any amount or amounts collected by FGI pursuant to the provisions of this Section may be applied by FGI, in its sole discretion, to any Obligations or to repair, reconstruct or replace the loss of or damage to Collateral as FGI in its discretion may from time to time determine. Seller further covenants that all insurance premiums owing under its current policies have been paid. Seller shall notify FGI, immediately, upon Seller’s receipt of a notice of termination, cancellation, or non-renewal from its insurance company of any such policy.
XXXXXXXX INSURANCE. At all times during the period beginning with commencement of construction of the Expansion Premises Tenant Improvements and ending with final completion of the Expansion Premises Tenant Improvements, Tenant shall maintain, or cause to be maintained (in addition to the insurance required of Tenant pursuant to the Lease), property insurance insuring Landlord and the Landlord Parties, as their interests may appear. Such policy shall, on a completed replacement cost basis for the full insurable value at all times, insure against loss or damage by fire, vandalism and malicious mischief and other such risks as are customarily covered by the so-called “broad form extended coverage endorsement” upon all Expansion Premises Tenant Improvements and the general contractor’s and any subcontractors’ machinery, tools and equipment, all while each forms a part of, or is contained in, the Expansion Premises Tenant Improvements or any temporary structures on the Expansion Premises, or is adjacent thereto; provided that, for the avoidance of doubt, insurance coverage with respect to the general contractor’s and any subcontractors’ machinery, tools and equipment shall be carried on a primary basis by such general contractor or the applicable subcontractor(s). Tenant agrees to pay any deductible, and Landlord is not responsible for any deductible, for a claim under such insurance.
XXXXXXXX INSURANCE. 7.2.1 LIABILITY INSURANCE. XXXXXXX shall not be responsible for purchasing and maintaining any liability insurance.
