Examples of Required Insurance Policies in a sentence
The Company, subject to Section 3.02(b), is also authorized with the prior approval of the insurers under any Required Insurance Policies to enter into a substitution of liability agreement with such Person, pursuant to which the original Mortgagor is released from liability and such Person is substituted as Mortgagor and becomes liable under the Mortgage Note.
The Company shall prepare and present on behalf of the Trustee and the Certificateholders all claims under the Required Insurance Policies relating to the EMC Mortgage Loans and take such actions (including the negotiation, settlement, compromise or enforcement of the insured’s claim) as shall be necessary to realize recovery under such Required Insurance Policies.
The Required Insurance Policies shall, at a minimum, include the following coverages and limitations: Workers' Compensation and Employers Liability Insurance, as required by the State in which the work activities under this Agreement will be performed.
If at any time Contractor neglects or otherwise fails to maintain any of the Required Insurance Policies, the Authority may (but is in no event required to) with or without notice to Contractor, procure the Required Insurance Policies which Contractor failed to maintain.
On the Effective Date of this Agreement, Contractor will submit to the Authority for its approval as to form and sufficiency of coverage, a certificate of insurance for each of the Required Insurance Policies which certificate must evidence that the policies satisfy the requirements set forth in the RFP and this Agreement.