Examples of Umbrella Policies in a sentence
Distributor shall maintain, during the term of this Agreement, Commercial General Liability Insurance with minimum limits, including under any General Liability Umbrella Policies, of not less than $2,000,000 combined single limit for bodily injury and property damage.
Sub-Distributor shall maintain, during the term of this Agreement, Commercial General Liability Insurance with minimum limits, including under any General Liability Umbrella Policies, of not less than $2,000,000 combined single limit for bodily injury and property damage.
The Purchaser further agrees that it will not permit the Minerals Group to assert any claim which, together with all other claims asserted by the Minerals Group, would cause the aggregate amount of claims asserted by the Minerals Group under the Seller Umbrella Policies in respect of Seller Claims and in respect of General Liability Claims to exceed $30,000,000 for any policy period.
Except as set forth in Schedule 3.34, no payments have been made under the Seller Umbrella Policies, and no releases have been granted to insurers under the Seller Umbrella Policies, which would cause less than $30,000,000 of coverage to be available for any Seller Umbrella Policy period.
Prior to the date of this Agreement, true and correct copies of the Seller Umbrella Policies have been delivered to the Purchaser.
All contacts and negotiations with the insurers under the Seller Umbrella Policies in connection with efforts to recover amounts in respect of Seller Claims and General Liability Claims shall be conducted by the Seller, unless the Seller shall direct the Company or a Subsidiary or the Company to engage in direct discussions with the insurers under the Seller Umbrella Policies, in which case such discussions shall be conducted as directed by the Seller.
For the avoidance of doubt, the Seller Umbrella Policies will not be deemed to be Affiliate Agreements for purposes of this Section 5.9.
Manufacturer shall maintain, during the term of this Agreement, Commercial General Liability Insurance with minimum limits, including under any General Liability Umbrella Policies, of not less than $2,000,000 combined single limit for bodily injury and property damage on Products purchased by Distributor for resale.
With regard to each of the Seller Umbrella Policies, (i) all required payments of premium have been made and (ii) no written notice of cancellation or termination has been received by the Seller.
Distributor shall maintain, during the term of this Agreement, Commercial General Liability Insurance with minimum limits, including under any General Liability Umbrella Policies, of not less than $2,000,000 combined single limit for bodily injury and property damage on the Products purchased by Sub-Distributor for resale.