Dram Shop definition

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

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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 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.

Examples of Dram Shop in a sentence

• 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.

• Lessee agrees to place and maintain throughout the Term or Renewal Terms, if any, of this Lease, at ▇▇▇▇▇▇'s own expense, public liability insurance with respect to Lessee's use and occupancy of the Leased Premises, including "Dram Shop" or liquor liability insurance, if the same shall be or become available in the State where the Leased Premises are located, with initial limits of at least $2,000,000 per occurrence with $3,000,000 general aggregate (inclusive of umbrella coverage).

• Lessee agrees to place and maintain throughout the Term or Renewal Terms, if any, of this Lease, at Lessee's own expense, public liability insurance with respect to Lessee's use and occupancy of the Leased Premises, including "Dram Shop" or liquor liability insurance, if the same shall be or become available in the State where the Leased Premises are located, with initial limits of at least $2,000,000 per occurrence with $3,000,000 general aggregate (inclusive of umbrella coverage).

• Tenant's Property Insurance policy, its Comprehensive General Liability policy and, if required, its Dram Shop liability policy, shall each name Landlord, its beneficiaries, and their respective officers, directors, beneficiaries, partners, agents, and employees as additional insureds.

• If the Borrower sells or serves liquor; the Certificate of Liability Insurance must evidence Dram Shop or Liquor Liability with a minimum $1,000,000 per occurrence limit.

• Proof of Dram Shop Insurance required at the time reservation is made.

• SERVED: Vendor’s liability insurance shall include coverage for Dram Shop liability or similar liability imposed by law.

• If the Detweiller BMX intends on distributing, selling, serving or furnishing alcoholic beverages, liquor liability coverage (including Dram Shop coverage) shall also be provided with a limit of not less than $1,000,000 per occurrence.

• Vendor’s liability insurance shall be executed to include Dram Shop liability or similar liability imposed by law.

• If alcoholic beverages are ever served at the Licensed Restaurant, liability insurance policy with minimum limits of at least One Million Dollars ($1,000,000.00) with endorsements insuring against liability imposed by statutes commonly known as "Dram Shop Acts," or by other laws, upon retailers of alcoholic substances, if such coverage cannot be obtained under the policy or policies in (A) above.

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 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.

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;