Umbrella Policies definition

Umbrella Policies. Policies of insurance that cover risks in excess of the liability limits of policies required to be carried under this Lease. Unavoidable Delays: Delays due to strikes, lock-outs, inability to procure materials, power failure, acts of God, governmental restrictions, enemy action, civil commotion, fire, unavoidable casualty or other causes beyond the reasonable control of the party responsible for performing an obligation hereunder, provided that lack of funds shall not be deemed a cause beyond the control of a party.
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Umbrella Policies. Policies of insurance that cover risks in excess of the liability limits of policies required to be carried under this Lease.
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Examples of Umbrella Policies in a sentence

  • 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.

  • 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.

  • Such insurance coverages may be achieved through a combination of CGL and Umbrella Policies and Auto and Umbrella Policies respectively.

  • 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 Products purchased by Sub-Distributor for resale.

  • Prior to the date of this Agreement, true and correct copies of the Seller Umbrella Policies have been delivered to the Purchaser.

  • 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.

  • 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 the 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.

  • 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.

Related to Umbrella Policies

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • D&O Policies has the meaning set forth in Section 8.06.

  • SAP Policies means the operational guidelines and policies applied by SAP to provide and support the Cloud Service as incorporated in an Order Form.

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.