Dram Shop definition

Dram Shop insurance if alcoholic beverages are sold on the Property;

Dram Shop or "Liquor Law Liability insurance on behalf of the Tribe, the Authority, and the Manager against all claims or liability arising directly or indirectly to any persons or property on account of the sale or dispensing of beer, wine or other alcoholic beverages on the Gaming Facility including, without limitation, coverage for loss of means of support in an amount not less than Ten Million ($10,000,000) Dollars per occurrence; (b) fidelity bond coverage with respect to those employees of the Gaming Enterprise specifically designated in writing by the Management Business Board; (c) business interruption (including loss of rents) insurance covering not less than 12 months of loss; and (d) special theft insurance coverage; all in such amounts as determined by the Manager as commercially prudent taking into consideration the coverages maintained by owners of casino facilities comparable to the Gaming Facility.

Dram Shop or other liquor liability coverage if alcoholic beverages are sold for consumption at the Property, such coverage to be maintained by Borrower or the applicable Tenant, in reasonable and customary amounts and with reasonable and customary deductibles;

Examples of Dram Shop in a sentence

• You MUST submit proof that Dram Shop insurance to the maximum limit has been secured for this event.

• It was assumed that the fluorescence signal linearly depends on the liposome coverage of the surface.

• KANSAS DRAM SHOP LAW Kansas Dram Shop Law Generally A) Kansas is one of the few states that has no “dram shop” or “social host” laws.

• A person who caused harm to himself as a result of his or her own voluntary intoxication does not have a cause of action under the Dram Shop Act.

• The Dram Shop Statute does not provide a cause of action based on an employer-employee relationship, but the Colorado Court of Appeals held that the Statute applies to an employer who acts as a social host.

• Liability under the Dram Shop only applies to injuries to third-persons as a result of the intoxication of the person causing the harm.

• If liquor is going to be made available to guests, Dram Shop insurance (liquor liability coverage) must be provided by the undersigned(s) through their own insurance carrier in an amount of not less than ONE MILLION DOLLARS.

• Tenant agrees to maintain comprehensive general liability insurance coverage on the Leased Premises including Dram Shop Act Liability in an amount not less than $250,000.00 per person, $1,000,000.00 per claim and $100,000.00 per claim for property damage.

• If Vendor needs Dram Shop insurance, Vendor must also have applicable County and State licenses.

• Voluntarily intoxicated patrons generally cannot recover under Ohio’s Dram Shop Act for the injuries they cause to themselves.

More Definitions of Dram Shop

Dram Shop insurance set forth in Sections 7.8.1(c) and (f), shall name Lender, its directors, officers and employees as an Additional Insured.

Dram Shop and/or "Innkeeper's Liability" insurance in the amount of One Million Dollars ($1,000,000) against claims or liabilities arising directly or indirectly to Persons or property on account of the sale or dispensing of beer, wine or other alcoholic beverages shall also be furnished, including in such coverage loss of means of support, all in amount that may be required by applicable laws or as Lender may reasonably specify if any part of the Project is now or hereafter used for the sale or dispensing of beer, wine or any other alcoholic beverages; (e) employee dishonesty, and money and securities insurance (inside and out), depositors forgery, and liability for guests' property on a blanket basis covering all employees of Borrower or Property Manager who have access to or are responsible for the handling of Borrower's funds, guest property or tenant security deposits, in such amounts as Lender shall require from time to time, but in no event less than One Million Dollars ($1,000,000); (f) Umbrella liability on a following-form basis with limits of Four Million Dollars ($4,000,000) per occurrence and annual aggregate, and (g) builder's risk insurance, as applicable, in amounts and with coverages reasonably required by Lender.

Dram Shop or liquor liability insurance. Tenant’s Insurance shall be issued by an insurance company of recognized standing, authorized to do business in the State of Colorado and having a Best’s Insurance Guide rating of at least A:VII and satisfactory to Landlord. Tenant’s Insurance (other than any policy of worker’s compensation insurance) will name Landlord and Landlord’s lender(s) as additional insureds. Original or copies of original policies (together with copies of the endorsements naming Landlord and Landlord’s lender(s) as additional insureds) will be delivered to Landlord prior to the Rent Commencement Date. Tenant’s Insurance will provide that it may not be terminated or amended except after thirty (30) days prior written notice to Landlord. All public liability property damage, liability and casualty policies maintained by Tenant shall be written as primary policies, not contributing with and not supplemental to coverage that Landlord may carry.