Responsibility for Insurance Coverage Sample Clauses

Responsibility for Insurance Coverage a. Liability and Workers Compensation Insurance. As set forth in Section 3.1.13 and/or the Disclosure Schedule, the Company is an insured party under current general liability, products liability, auto liability, employers' liability and workers' compensation insurance policies of Seller or its Affiliates other that the Company (a "Seller Insured Entity"), which provide coverage on an "occurrence" basis during the applicable policy period (the "Current Insurance"). As between Seller Insured Entity and the Company, Seller Insured Entity shall be responsible and liable for all claims associated with occurrences prior to the Closing of a category or type subject to coverage under the Current Insurance but only to the extent, it (or a third party on its behalf) actually receives insurance proceeds or protection relating thereto (a "Covered Claim"). To the extent such Covered Claim is subject to a deductible or self-insured retention, or the liability exceeds the proceeds received, or such insurance proceeds are not otherwise available, the Company shall be responsible and liable for said amount and shall reimburse Seller Insured Entity within thirty (30) days of receipt of a request for reimbursement, with interest accruing at the rate of 10% per annum for payments not received within such thirty (30) day period. In the event Seller determines to enter into a "buy-out agreement" with an insurance carrier pursuant to which Seller pays consideration to eliminate the deductible or self-insured retention with respect to all or a portion of a particular policy period, then Seller shall notify BEA of its intention to enter into such transaction and the terms thereof. BEA shall have thirty (30) days from the receipt of such notice to elect to participate in such transaction by irrevocably agreeing to pay its portion of the consideration paid by Seller. If BEA elects not to so participate, it will continue to be charged pursuant to this Section 15.1 as though such buy-out transaction had not occurred. In the event BEA or the Company determines to enter into such a "buy-out agreement" after the closing with respect to claims relating to the Company, Seller and/or Eagle will consent to such agreement so long as Seller and Eagle are released from liability with respect to such claims, upon terms reasonably acceptable to Eagle.
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Responsibility for Insurance Coverage. During the Term of this Agreement, PZS shall, at PZS’ expense, procure and keep in force at all times insurance written by an insurer licensed to conduct business within the State of Indiana, insuring the City and PZS. PZS shall procure the following insurance coverage, and shall provide evidence of same to the City: Commercial General Liability. Coverage shall have minimal limits for bodily injury of $1,000,000 per occurrence, combined single limit for bodily injury liability and property damage liability with an umbrella coverage limit of $5,000,000. Attractions Insurance. PZS will maintain all insurance required under state and federal law for each of its current and future attractions, such as the Zoo train. Workers’ Compensation. Insurance covering all employees with statutory limits in compliance with applicable State and Federal laws. Automobile Insurance. Vehicles owned or used by PZS for Zoo business under this Agreement shall at all times be insured against loss or damage resulting to persons with minimum liability limits of $500,000 per occurrence, $1,000,000 aggregate, and against loss or damage to property with minimum liability limits of $100,000 per occurrence. Beer and Wine Sales. Insurance covering the sale and consumption of beer and wine on the Premises. Errors and Omissions. Insurance covering errors and omissions by PZS Board Members or Directors.
Sample 1
Responsibility for Insurance Coverage. During the Term of this Agreement, IGF shall, at IGF’s expense, procure and keep in force at all times insurance written by an insurer licensed to conduct business within the State of Indiana, insuring IGF. IGF shall procure the following insurance coverage, and shall provide evidence of same to the City: Commercial General Liability. Coverage shall have minimum limits for bodily injury of $1,000,000 per occurrence, combined single limit for bodily injury liability and property damage liability with an umbrella coverage limit of $5,000,000. The City shall be listed as an additional named insured under the policy. IGF shall provide the City with a Certificate of Insurance evidencing the same. Workers’ Compensation. Insurance covering all employees with statutory limits in compliance with applicable State and Federal laws. Motor Vehicle Insurance. Vehicles owned or used by IGF for Studebaker Golf Course business under this Agreement shall at all times be insured against loss or damage resulting to persons with minimum liability limits of $500,000 per occurrence, $1,000,000 aggregate, and against loss or damage resulting to persons with minimum liability limits of $500,000 per occurrence, $1,000,000 aggregate, and against loss or damage to property with minimum liability of $100,000 per occurrence. Property Insurance. City shall provide property insurance coverage for all its owned assets, including the capital improvements to the Premises, including fixtures. City may elect to be self-insured.
Sample 1
Responsibility for Insurance Coverage 
Sample 1

Related to Responsibility for Insurance Coverage

  • Insurance Coverage The Company and each Subsidiary maintains in full force and effect insurance coverage that is customary for comparably situated companies for the business being conducted and properties owned or leased by the Company and each Subsidiary, and the Company reasonably believes such insurance coverage to be adequate against all liabilities, claims and risks against which it is customary for comparably situated companies to insure.

  • Insurance Coverages The Contractor shall procure and maintain, at its sole cost and expense, in a form and content satisfactory to City, during the entire term of this Agreement including any extension thereof, the following policies of insurance which shall cover all elected and appointed officers, employees and agents of City:

  • Maintenance of Insurance Coverage Each party agrees to maintain throughout the term of this Agreement professional liability insurance coverage of the type and amount reasonably customary in its industry. Upon request, a party shall furnish the other party with pertinent information concerning the professional liability insurance coverage that it maintains. Such information shall include the identity of the insurance carrier(s), coverage levels, and deductible amounts.

  • No Defense to Insurance Coverage No action has been taken or failed to be taken, no event has occurred and no state of facts exists or has existed on or prior to the Purchase Date (whether or not known to Seller on or prior to such date) which has resulted or will result in an exclusion from, denial of, or defense to coverage under any private mortgage insurance (including, without limitation, any exclusions, denials or defenses which would limit or reduce the availability of the timely payment of the full amount of the loss otherwise due thereunder to the insured) whether arising out of actions, representations, errors, omissions, negligence, or fraud of Seller, the related Mortgagor or any party involved in the application for such coverage, including the appraisal, plans and specifications and other exhibits or documents submitted therewith to the insurer under such insurance policy, or for any other reason under such coverage, but not including the failure of such insurer to pay by reason of such insurer’s breach of such insurance policy or such insurer’s financial inability to pay.

  • Certificate of Insurer – Insurance Coverage Concurrently with any delivery of financial statements under Section 8.01(a), a certificate of insurance coverage from each insurer with respect to the insurance required by Section 8.07, in form and substance satisfactory to the Administrative Agent, and, if requested by the Administrative Agent or any Lender, all copies of the applicable policies.

  • REINSURANCE COVERAGE Reinsurance under this Agreement will apply to insurance issued by the Ceding Company on the Plans of Insurance shown in Schedule A. Such Plans of Insurance shall be reinsured with the Reinsurer on an automatic basis, subject to the requirements set forth in Section A below, or on a facultative basis, subject to the requirements set forth in Section B below, or on a facultative obligatory basis, subject to the requirements set forth in Section C below. The specifications for all reinsurance under this Agreement are provided in Schedule B.

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