Insurance Required definition

Insurance Required hereunder shall be in companies rate "A" or better in "Best's Insurance Guide." Tenant shall deliver to Landlord copies of policies of liability insurance required under Paragraph 15(a) or certificates evidencing the existence and amount of such insurance with loss payable clauses satisfactory to Landlord. No such policy shall be canceled or subject to reduction of coverage or other modification except after ten (10) days' prior written notice to Landlord. Tenant shall, within ten (10) days prior to the expiration of such policies, furnish Landlord with renewals or "binders" thereof, or Landlord may order such insurance and charge the cost thereof to Tenant, which amount shall be payable by Tenant upon demand. Tenant shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraphs 15(a) and (b).

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Insurance Required. Renter is responsible for obtaining liability insurance coverage during the rental. The Village of Bellflower does not provide liability insurance coverage during facility rentals. Prohibited Activities Inside and Outside of the Facility: Damages: Renter accepts liability for all damage repairs to the facility and/or repair or replacement of any equipment damage incurred during the rental period. The Village will invoice any damage expenses to the Renter, and payment will be due no later than 30 days after the invoice date. Any unpaid invoice may result in cancellation of future reservations and requests.

Insurance Required under the provisions of Section 5.1.1 shall, in case of loss, be first payable to the holder(s) of any mortgages on the Premises under a standard mortgagee's clause. In the event provision for any such insurance is to be by a blanket insurance policy, the policy shall allocate a specific and sufficient amount of coverage to the Premises.

Examples of Insurance Required in a sentence

• Certificates of Insurance Required (no endorsement needed) (Check all that apply) Insurer Policy No. Workers Compensation: work performed by employees of the Named Insured while those employees are engaged in work under the simultaneous directions and control of the Named Insured and the Additional Insured.

• Contractor shall determine if Subcontractor(s) must also provide any additional coverage or other coverage outlined in Section A, Insurance Required.

• Contractor shall name the Subcontractor(s) as a named insured(s) under Contractor’s insurance or Contractor will require each Subcontractor(s) to provide and maintain Commercial General Liability, Commercial Automobile Liability, Worker’s Compensation and Employers Liability Insurance and when applicable Excess/Umbrella Liability Insurance with coverage at least as broad as in outlined in Section A, Insurance Required.

• Template #5 - Consulting & Professional Services - Professional Liability Insurance Required - Corporations, Partnerships, Limited Liability Companies & Other Organizations Ver.

• Borrower will be required to maintain insurance against terrorism, terrorist acts or similar acts of sabotage (“Terrorism Insurance”) with coverage amounts of not less than an amount equal to the full replacement cost of the improvements and the personal property (the “Terrorism Insurance Required Amount”).

• Other: Certificates of Insurance Required (no endorsement needed) (Check all that apply) Insurer Policy No.

• Borrower will be required to maintain insurance against terrorism, terrorist acts (including bio-terrorism) or similar acts of sabotage (“Terrorism Insurance”) with coverage amounts of not less than an amount equal to the full insurable value of the Improvements and the Personal Property and eighteen (18) months of business interruption/loss of rents insurance (the “Terrorism Insurance Required Amount”).

• Manager shall determine if Contractor(s) and Subcontractor(s) must also provide any additional coverage or other coverage outlined in Section A, Insurance Required.

• Standards adopted by the American Institute of Certified Public Accountants have been incorporated into GAS unless the United States Government Accountability Office has excluded them by formal announcement.

• Manager shall name the Contractor(s) and Subcontractor(s) as a named insured(s) under Manager’s insurance or Manager will require each Contractor and each Subcontractor to provide and maintain Commercial General Liability, Commercial Automobile Liability, Worker’s Compensation and Employers Liability Insurance and when applicable Excess/Umbrella Liability Insurance with coverage at least as broad as in outlined in Section A, Insurance Required.

More Definitions of Insurance Required

Insurance Required. Amount: Fee Waived: Department Approval: Date: Officer Approval: Date:

Insurance Required. Liability. Not less than $1,000,000.00 Combined Single Limit Liability insurance, including bodily injury and death and property damage, naming Lessor as additional insured. Physical Damage. Not less than $700,000.00 All risk physical damage insurance, including loss by burglary, theft, and malicious mischief, Or full replacement value of the equipment, naming Lessor as loss payee. Other: N/A Stipulated Loss Factors: First Year 103.2069% Second Year 75.5369% Third Year 45.77257% *A "Lease Year" is a twelve-month period beginning on the Closing Date or on any anniversary thereof.

Insurance Required. Insurance (Date Rec’d )