Xxxxxxxxx Coverage. At all times during the Term, Lessor and Lessee shall maintain the following insurance:
Xxxxxxxxx Coverage. 1The T3IB and the T3CB shall each be responsible for maintaining insurance coverage as required under applicable law and SRO Requirements.
Xxxxxxxxx Coverage. 1The T1IB and the T1CB shall each be responsible for maintaining insurance coverage as required under applicable law and SRO Requirements.
Xxxxxxxxx Coverage. The Obligor under each Contract is contractually obligated to maintain all risk physical damage insurance upon the equipment securing such Contract in an amount at least equal to the lesser of the principal amount of such Contract or the replacement cost of such equipment, which insurance policy must name the Related Seller as loss payee and additional insured and require at least 10 days' prior written notice to the Related Seller before cancellation. In the case of any Contract as to which the unpaid principal balance as of the Purchase Date with respect to such Contract exceeds $100,000, the Related Seller has obtained written proof of such insurance.
Xxxxxxxxx Coverage. The insurance coverage required in Section 13.1 shall be written by reputable insurance companies that are financially sound and solvent and otherwise reasonably appropriate considering the amount and type of insurance being provided by such companies. Any insurance company selected by Lessee shall be rated in A.M. Best’s Insurance Guide or any successor thereto (or if there be none, an organization having a similar national reputation) and shall have a general policyholder rating of “A-” (or comparable rating for a rating by an organization other than A.M. Best) and a financial rating of at least “X” (or comparable rating for a rating by an organization other than A.M. Best) or be otherwise acceptable to the Required Participants. In the case of liability insurance maintained by Xxxxxx, it shall name Lessor, the Administrative Agent and each Participant, as additional insureds and, in the case of property insurance maintained by Xxxxxx, it shall name the Administrative Agent, as mortgagee and sole loss payee with respect to the Leased Property (but subject to the obligations of Administrative Agent under Section 14.1 of this Lease). Each policy referred to in Section 13.1 shall provide that: (i) it will not be canceled, its limits reduced, or allowed to lapse without renewal, except after not less than thirty (30) days’ prior written notice to Lessor and Administrative Agent (and after not less than ten (10) days for nonpayment of premium); (ii) the interests of Lessor, the Administrative Agent and any Participant shall not be invalidated by any act or negligence of or breach of warranty or representation by Lessee or any other Person having an interest in the Leased Property; (iii) such insurance is primary with respect to any other insurance carried by or available to Lessor, the Administrative Agent or any Participant; (iv) the insurer shall waive any right of subrogation, setoff, counterclaim, or other deduction, whether by attachment or otherwise, against the Participants and Administrative Agent; and (v) such policy shall contain a cross-liability/separation of insureds clause providing for coverage of Lessor, the Administrative Agent and each Participant, as if separate policies had been issued to each of them. Lessee will notify Lessor and Administrative Agent promptly of any policy cancellation, reduction in policy limits, modification or amendment.
Xxxxxxxxx Coverage. There is in full force and effect one or more policies of insurance, insuring the Company and its properties, products and business against such losses and risks, and in such amounts, as are customary for business entities engaged in the same or similar business and similarly situated. Other than as described on Schedule 3.16, the Company has not been refused any insurance coverage sought or applied for, and the Company has no reason to believe that it will be unable to renew its existing insurance coverage as and when the same shall expire upon terms at least as favorable to those currently in effect, other than possible increases in premiums that do not result from any act or omission of the Company. Other than as set forth on Schedule 3.16, no suit, proceeding or action or, to the knowledge of the Company, threat of suit, proceeding or action has been asserted or made against the Company within the last five years due to alleged bodily injury, disease, medical condition, death or property damage arising out of the function or malfunction of a product, procedure or service designed, manufactured, sold or distributed by the Company.
Xxxxxxxxx Coverage. (a) During the Applicable Survival Period, each Seller shall, and shall cause each other member of the Seller Group to, maintain Product Liability insurance coverage, in amounts at least comparable to that currently maintained by such member of the Seller Group, covering claims related to finished goods Inventory sold to the Buyer on the Closing Date. Each Seller shall provide the Buyer with evidence of such Product Liability coverage upon the Buyer’s request.
(b) In the event that, prior to the Closing Date, any Purchased Asset or Assumed Liability (other than an Assumed Liability that is expressly included in the calculation of Closing Working Capital) that is covered under an Insurance Policy suffers any damage, destruction or other loss, the Sellers shall, and shall cause each other member of the Seller Group to, make available to the Buyer the benefits of any such Insurance Policy, and shall surrender to the Buyer after the Closing Date any insurance proceeds received by any member of the Seller Group under any Insurance Policy with respect to such damage, destruction or loss, less any proceeds applied to such Assumed Liability or the restoration of such Purchased Asset; provided, however, that the benefits of such insurance shall be subject to (and recovery thereon shall be reduced by the amount of) any applicable deductibles and co-payment provisions or any payment or reimbursement obligations of any member of the Seller Group in respect thereof, and provided, further, that the Sellers shall, and shall cause each other member of the Seller Group to, use commercially reasonable efforts to recover such proceeds under an Insurance Policy with respect to such damage, destruction or loss.
Xxxxxxxxx Coverage. 1. Operator, on its behalf and on the behalf of all subcontractors of Operator performing any on-site services in connection with the operation and maintenance of the System or any of its appurtenant equipment, shall procure and maintain in effect during the term for which they perform services pursuant to this Agreement the following minimum insurance coverages, in the given amounts:
a. Vehicle liability insurance covering all owned, non-owned and hired automobiles, trucks, trailers and other vehicles. Such insurance shall provide coverage not less than that of the standard comprehensive automobile liability policy in limits not less than $1,000,000 combined single limit each occurrence for bodily injury and property damage. The Owner and NRG Generating (U.S.) Inc. shall be named as additional insureds.
Xxxxxxxxx Coverage. Subject to Section 16.3.4 (Election to Self-Insure), each Party shall obtain and maintain from an insurance company having an A.M. Best’s rating of “A-, VII” or better comprehensive general liability insurance customary in the industry for companies of similar size conducting similar business, and in any case sufficient to cover its obligations.
Xxxxxxxxx Coverage. We do not require you to maintain any insurance on the Property in connection with this Lease, but you may voluntarily purchase insurance from an insurer of your choosing.
