Required Public Liability Insurance Coverage definition

Required Public Liability Insurance Coverage means commercial public liability insurance against injury, loss or damage to persons (including death) and property in an amount which is not less than Two Million Dollars ($2,000,000) per occurrence for injury to persons (including death) and not less than One Million Dollars ($1,000,000) per occurrence for damage to property or such additional amounts as may from time to time be required by the Director.

Required Public Liability Insurance Coverage means at any time commercial general accident and public liability insurance coverage evidenced on Acord 25 and maintained with generally recognized, responsible insurance companies qualified to do business in the State with coverage limits in the maximum amount of $2,000,000 per occurrence for death or bodily injury and property damage liability combined, with loss deductible provisions of not to exceed $10,000, which insurance coverage shall name the Investor as additional insureds.

Required Public Liability Insurance Coverage means comprehensive general accident and public liability insurance (including, without limitation, coverage for product liability, and elevators and escalators, if any, on property owned or leased by the Borrower and its Subsidiaries) against injury, loss and/or damage to persons and property and such other risks and losses as is consistent with sound business practices and is customarily maintained from time to time by similar businesses similarly situated and owning, leasing or operating similar properties; all in such amounts as is customary from time to time for similar businesses similarly situated and owning, leasing or operating similar properties.

Examples of Required Public Liability Insurance Coverage in a sentence

• The Lessee shall keep the Project Facilities continuously insured in the amount and with the coverage of the Required Property Insurance Coverage and shall keep and maintain, with respect to the Project, Required Public Liability Insurance Coverage, provided, that through the Completion Date, the Lessee shall provide all-risk builders risk insurance covering the then insurable value of the Project.

• The proceeds of insurance providing Required Public Liability Insurance Coverage shall be applied toward the extinguishment or satisfaction of the liability with respect to which such insurance proceeds have been paid.

• Any proceeds of policies providing Required Public Liability Insurance Coverage shall be applied toward the extinguishment or satisfaction of the liability with respect to which such insurance proceeds have been paid.

• Keep all property useful in and necessary to its business in good working order and condition, ordinary wear and tear excepted; and shall keep its property continuously insured with Required Property Insurance Coverage and maintain Required Public Liability Insurance Coverage.

• The Borrower will, and will cause each of its Subsidiaries to, maintain with financially sound and reputable insurance companies the Required Property Insurance Coverage and Required Public Liability Insurance Coverage, and the Borrower will furnish to the Administrative Agent upon request full information as to the insurance carried.

More Definitions of Required Public Liability Insurance Coverage

Required Public Liability Insurance Coverage means comprehensive general accident and public liability insurance, or alternative arrangements for insurance or self-insurance approved in writing by both the Lessor and the Trustee, with coverage limits in the minimum amounts of $10,000,000 as to death or bodily injury in each occurrence and $10,000,000 as to property damage with a loss deductible clause of not to exceed $2,500,000; provided that the amounts of coverage shall be, and any deductible may be, increased on each January 1 by ten percent for each ten percent increase in the Consumer Price Index Increase.

Required Public Liability Insurance Coverage means comprehensive general accident and public liability insurance (including coverage for elevators and escalators, if any, on property owned or leased by the Borrowers) against injury, loss and/or damage to persons and property in the amounts satisfactory to the Required Banks, with deductibles not to exceed the amounts set forth on Schedule A, or as otherwise may be required by the Required Banks at any time and from time to time.

Required Public Liability Insurance Coverage means the insurance required to be maintained pursuant to Sections 5.5 and 5.7 of the Loan Agreement, as described in more detail in Article 12 of this Lease Agreement.

Required Public Liability Insurance Coverage means at any time commercial general accident and public liability insurance coverage evidenced on Xxxxx 25 and maintained with generally recognized, responsible insurance companies qualified to do business in the State with coverage limits in the maximum amount of $2,000,000 per occurrence for death or bodily injury and property damage liability combined, with loss deductible provisions of not to exceed $100,000, which insurance coverage shall name the Investor as additional insureds.

Required Public Liability Insurance Coverage means commercial general liability insurance (including auto liability insurance) with coverage limits not less than $1,000,000 per occurrence for liability for bodily injury or death and property damage liability combined, including blanket contractual liability and personal injury liability coverages, and $2,000,000 annual aggregate for personal injury and advertising injury liability, $2,000,000 annual aggregate for products/completed operations liability and $2,000,000 general aggregate, with a loss deductible or self-insured retention clause not greater than $50,000 and with no additional exclusions beyond those in the standard general liability policy form in common use at such time (or its equivalent), unless approved by the Lessor, which approval shall not be unreasonably withheld; provided that, the Lessee shall be liable for any liability that is within the deductible. This coverage limit may be achieved through a combination of primary and excess policies.

Required Public Liability Insurance Coverage means comprehensive general accident and public liability insurance in the minimum amounts of $3,000,000 for death or bodily injury resulting from each occurrence in connection with the Series 1989D Project Site or the Series 1989D Project Facilities and other property and operations of the Mortgagor and $1,000,000 for property damages for any occurrence in connection with the Series 1989D Project Site or Series 1989D Project Facilities and other properties and operations of the Mortgagor, provided that such insurance may provide for a loss deductible of not to exceed $10,000.

Required Public Liability Insurance Coverage means Comprehensive General Accident and Public Liability Insurance.