Insurance Requirement definition

Insurance Requirement means any rule, regulation, code, or other requirement issued by any fire insurance rating bureau or any body having similar functions and/or any insurance company which has issued a policy of insurance covering the Premises, the Land and/or the Building, as in effect from the date of this Lease through the Expiration Date.
Insurance Requirement means any rule, regulation, code, or requirement issued by any insurer that has issued a policy of Required Insurance under this Comprehensive Agreement, as in effect during the Term, compliance with which is a condition to the effectiveness of such policy.
Insurance Requirement or "Insurance Requirements" shall mean, as the case may be, any one or more of the terms of each insurance policy required to be carried by Tenant under this Lease and the requirements of the issuer of such policy, and whenever Tenant shall be engaged in making any Alteration or Alterations, repairs or construction work of any kind (collectively, "Work"), the term "Insurance Requirement" or "Insurance Requirements" shall be deemed to include a requirement that Tenant obtain or cause its contractor to obtain completed value builder's risk insurance when the estimated cost of the Work in any one instance exceeds the sum of Three Hundred Fifty Thousand ($350,000.00) Dollars and that Tenant or its contractor shall obtain worker's compensation insurance or other adequate insurance coverage covering all persons employed in connection with the Work, whether by Tenant, its contractors or subcontractors and with respect to whom death or bodily injury claims could be asserted against Landlord.

Examples of Insurance Requirement in a sentence

  • INSURANCE REQUIREMENT REVIEW: Subrecipient agrees to periodic review of insurance requirements by ODEM under this Grant Agreement and to provide updated requirements as mutually agreed upon by Subrecipient and ODEM.

  • INSURANCE REQUIREMENT REVIEW Grantee/Recipient agrees to periodic review of insurance requirements by Agency under this Contract and to provide updated requirements as mutually agreed upon by Grantee/Recipient and Agency.

  • INSURANCE REQUIREMENT AGREEMENT While performing work at the Property Location, Contractor shall maintain: workers compensation and employer’s liability insurance with statutory limits; and commercial general liability insurance with a minimum limit of $1,000,000 per occurrence, which shall name Property Location, Managing Agent and Unit Owner as “Additional Insured” and which shall be primary and non-contributory to any other insurance available to the Property Location and/or Managing Agent.


More Definitions of Insurance Requirement

Insurance Requirement means any rule, regulation, code, or requirement issued by any fire
Insurance Requirement or “Insurance Requirements” shall mean, as the case may be, any one or more of the terms of each insurance policy required to be carried by Tenant under this Lease and the requirements of the issuer of such policy, and whenever Tenant shall be engaged in making any Alteration or Alterations, repairs or construction work of any kind (collectively, “Work”), the term “Insurance Requirement” or “Insurance Requirements” shall be deemed to include a requirement that Tenant obtain or cause its contractor to obtain completed value builder’s risk insurance when the estimated cost of the Work in any one instance exceeds the sum of $500,000 and that Tenant or its contractor shall obtain worker’s compensation insurance or other adequate insurance coverage covering all persons employed in connection with the Work, whether by Tenant, its contractors or subcontractors and with respect to whom death or bodily injury claims could be asserted against Landlord.
Insurance Requirement or “Insurance Requirements” shall mean, as the case may be, any one or more of the terms of each insurance policy required to be carried by Tenant under this Lease and the requirements of the issuer of such policy.
Insurance Requirement means any rule, regulation, code, or requirement issued by any fire insurance rating bureau or any body having similar functions or by any insurance company which has issued an insurance policy as required under this Contract, as in effect during the Term of the Contract, compliance with which is a condition to the effectiveness of such policy.
Insurance Requirement. The terms of any insurance policy required by this Lease and all requirements of the issuer of any such policy and of any insurance board, association, organization or company necessary for the maintenance of any such policy.
Insurance Requirement means the requirements of the Regulator of a TCSP to effect a policy of insurance in accordance with section 10 of this Act;
Insurance Requirement or "Insurance Requirements" will be deemed to include a requirement that Tenant obtain or cause its contractor to obtain completed value builder's risk insurance when the estimated cost of the Work in any one instance exceeds the sum of $500,000 and that Tenant or its contractor shall obtain worker's compensation insurance or other adequate insurance coverage covering all persons employed in connection with the Work, whether by Tenant, its contractors or subcontractors and with respect to whom death or bodily injury claims could reasonably be asserted against Landlord.