Blanket Insurance/Self Insurance Sample Clauses

Blanket Insurance/Self Insurance. Notwithstanding the forgoing or anything set forth in Exhibit D, all of the insurance requirements set forth herein on the part of Tenant to be observed shall be deemed satisfied if the Premises are covered by a blanket insurance policy or, for so long as Broadcom Corporation or an Affiliate thereof remains the Tenant hereunder, if Tenant sends a letter to Landlord, signed by an authorized officer of Tenant, stating that Tenant has elected to act as a self-insurer whereupon Tenant shall have the same obligations and rights, and Landlord shall have the same rights and obligations, as if Tenant was an insurance company furnishing the policies and coverages required under this Lease. Notwithstanding the foregoing, however, Tenant shall not have the right to self-insure the general liability insurance coverage required under this Lease.
Sample 1
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Blanket Insurance/Self Insurance. Notwithstanding the foregoing, all of the, insurance requirements set forth herein on the part of Tenant to be observed shall be deemed satisfied if (a) the Premises are covered by a blanket insurance policy insuring other of Tenant’s facilities or (b) Tenant sends a letter to Landlord, signed by an authorized officer of Tenant, stating that Tenant has elected to act as a self insurer whereupon Tenant shall have the same obligations and rights, and Landlord shall have the same rights and obligations, as if Tenant was an insurance company furnishing the policies and coverages required under this Lease, provided, however, that if Tenant’s net worth as determined in accordance with GAAP ceases to be equal to or greater than Five Hundred Million Dollars ($500,000,000), than all of Tenant’s rights to self-insure under this Section 12 shall terminate immediately, and Tenant shall thereafter comply with all of the other provisions of this Section 12.
Sample 1
Blanket Insurance/Self Insurance. Notwithstanding the foregoing, all of the insurance requirements set forth herein on the part of Tenant to be observed shall be deemed satisfied if the Premises are covered by a blanket insurance policy insuring all or most of Tenant’s facilities in Connecticut, so long as such blanket policies provide for a minimum coverages applicable to the Premises and otherwise comply with all other requirements of this Article X. In addition, Tenant shall have the right to self-insure the risks set forth in Section 10.3 above, so long as the net worth of Tenant (combined with that of Lease Guarantor) exceeds One Hundred Million Dollars ($100,000,000.00), and the Mortgagee has consented thereto (without conditioning such consent by requiring that Landlord carry such insurance).
Sample 1
Blanket Insurance/Self Insurance. Nothing in this Article X shall prevent Tenant from obtaining insurance of the kind and in the amounts provided for under this Lease under a blanket insurance policy covering other properties as well as the Premises, provided, however, that any such policy of blanket insurance shall, as to the Premises, otherwise comply as to endorsements and coverage with the provisions of this Article. In addition, Tenant shall be permitted to provide the insurance required under this Article X and any other provision of this Lease through self-insurance provided Tenant (or Tenant’s parent corporation, so long as such parent corporation covenants to Landlord to perform such insurance obligations or cause the performance of such obligations) maintains a minimum tangible net worth of at least Twenty-Five Million Dollars (25,000,000.00).
Sample 1
Blanket Insurance/Self Insurance. Tenant, but not any assignee or sublessee of Tenant, except for an assignee which is Tenant's Parent Company or Affiliate (as defined in Section 11.02A below) with a financial strength equal to or better than tenant's financial strength, shall have the option, (a) to maintain and provide or maintain any insurance required by this Lease under blanket insurance policies maintained by Tenant or (b) provide and maintain all required insurance through such alternative risk management programs as Tenant may provide from time to time (such types of alternative risk management programs being herein collectively and severally referred to as "self insurance"), provided (a) such self insurance does not thereby decrease the insurance coverage or limits set forth in paragraph A of this Section, (b) adequate reserves are maintained to cover all self-insured risks, and (c) the self insurance program complies with all applicable Laws. If Tenant elects to self insure any of the coverages required under paragraph A of this Section, then, prior to undertaking such self-insurance program, Tenant shall deliver to Landlord a written notice of such undertaking which notice shall (1) state the limits of the self-insurance program and individual coverages, (2) state the reserves maintained with respect to the self insurance, (3) be accompanied by reasonable evidence that the self insurance program complies with applicable Laws, (4) state the amount of any excess coverage insured by third parties and the identity of such third party insurers, and (5) state that Tenant affirms its obligations to Landlord to act as an insurer under the coverages required under paragraph A of this Section. Tenant expressly waives any right of recovery against Landlord to the full extent of any such self insurance program maintained by Tenant just as if Tenant had acquired such coverage from a third party insurance carrier. Each of the parties agree that the foregoing release and waiver applies to any deductibles or self-insured retentions or the like maintained by such party. In addition to the foregoing, any self insurance shall be deemed to contain all of the terms and conditions and satisfy all the requirements applicable to such insurance as required in this section of this Lease and shall be deemed to provide all coverage provided by the policies described in paragraph A of this Section, including without limitation the waiver of subrogation contained in Section 7.05 below and the waiver of subro...
Sample 1

Related to Blanket Insurance/Self Insurance

  • D & O Insurance The Company agrees that for six (6) years and one (1) business day after the expiration or earlier termination of the Employment Period the Company shall obtain and provide at its expense directors’ and officers’ liability insurance or directors’ and officers’ liability tail insurance policies covering the Executive with respect to acts or omissions occurring during Executive’s employment with the Company with coverage and amounts (including with respect to the payment of attorney’s fees) equal to or greater than those of the Company’s policy in effect on the date hereof.

  • Self-Insurance The Company may from time-to-time self-insure, by way of deductible, self-insured retention, premium adjustment or franchise or otherwise (including, with respect to insurance maintained pursuant to Section 7.06(a) or Section 7.06(b), insuring for a maximum amount that is less than the amounts set forth in Section 7.06(a) and Section 7.06(b)), the risks required to be insured against pursuant to Section 7.06(a) and Section 7.06(b), but in no case shall the self-insurance with respect to all of the aircraft and engines in the Company’s fleet (including, without limitation, the Aircraft) exceed for any 12-month policy year 1% of the average aggregate insurable value (for the preceding policy year) of all aircraft (including, without limitation, the Aircraft) on which the Company carries insurance, unless an insurance broker of national standing shall certify that the standard among all other major United States airlines is a higher level of self-insurance, in which case the Company may self-insure the Aircraft to such higher level. In addition to the foregoing right to self-insure, the Company may self-insure to the extent of (1) any deductible per occurrence that, in the case of the Aircraft, is not in excess of the amount customarily allowed as a deductible in the industry or is required to facilitate claims handling or (2) any applicable mandatory minimum per aircraft (or if applicable per annum or other period) hull or liability insurance deductibles imposed by the aircraft or hull liability insurers.

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • R&W Insurance During the Interim Period, Acquiror may (but shall not be required to) obtain a buyer-side representations and warranties insurance policy with respect to the representations and warranties of the Company, in the name of and for the benefit of Pubco (the “R&W Policy”), which the Acquiror shall give the Company and its Representatives a reasonable opportunity to review and must be reasonably satisfactory to the Company. The Company will use commercially reasonable efforts to provide to Acquiror, during the Interim Period, reasonable assistance as is reasonably required so as to permit the binding and issuance of the R&W Policy at or prior to the Closing, including the execution and delivery of such no-claims declarations as is reasonably necessary (with such exceptions as deemed necessary by the Company) in connection with the issuance of the R&W Policy; provided that any such no-claims declaration given by an officer of the Company shall only be required to be given in such individuals’ capacity as an officer of the Company, and not in any individual capacity; provided further that the failure to deliver any no-claims declaration or breach of the covenants set forth in this Section 7.09, shall not constitute a failure of the condition set forth in Section 10.02(b) to be satisfied. If obtained by Acquiror, the R&W Policy shall provide that (i) the insurer or a Person claiming through the insurer shall have no, and shall waive and not pursue any and all, subrogation rights against the Company (including any successor entities) or any of its (including any successor entities) Affiliates (including any Pre-Closing Holder) with respect to any claim made by any insured thereunder (except against such Person to the extent a claim is paid by the insurer under the R&W Policy as a direct result of such Person’s Fraud); (ii) the Company (including any successor entities) is a third-party beneficiary of such waiver with the express right to enforce such waiver; and (iii) no Person shall amend the R&W Policy in a manner adverse to the Company (including any successor entities) or any of its Affiliates (including any Pre-Closing Holder) (including, for the avoidance of doubt, to provide that the insurer or any other Person may bring a claim against the Company (including any successor entity) or its Affiliates (including any Pre-Closing Holder) by way of subrogation (except as a direct result of such Person’s Fraud)), without the Company’s prior written consent. All reasonable and documented out-of-pocket costs and expenses incurred by Acquiror and the Company in obtaining the R&W Policy, including all premiums, brokers fees, and related costs, shall be treated as Acquiror Transaction Expenses.

  • FIRE INSURANCE The LESSEE shall not permit any use of the leased premises which will make voidable any insurance on the property of which the leased premises are a part, or on the contents of said property or which shall be contrary to any law or regulation from time to time established by the New England Fire Insurance Rating Association, or any similar body succeeding to its powers. The LESSEE shall on demand reimburse the LESSOR, and all other tenants, all extra insurance premiums caused by the LESSEE's use of the premises.

  • Group Insurance Executive shall be entitled to participate in such group health and dental insurance programs (including spouse coverage) as may from time to time be offered generally to all of the other members of the senior management personnel of the Company and its subsidiaries.

  • FDIC Insurance The deposits of each Subsidiary Bank of the Borrower are insured by the FDIC and no act has occurred which would adversely affect the status of such Subsidiary Bank as an FDIC insured bank.

  • Tail Insurance The Company shall have provided Parent with evidence reasonably satisfactory to Parent of the purchase of the D&O Tail Policy in accordance with Section 4.9.

  • Hazard Insurance Deductible Except as a greater amount may be required by an applicable law, each Hazard Insurance deductible may not exceed FNMA or FHLMC's required deductible.

  • Standard Hazard Insurance and Flood Insurance Policies (a) For each Mortgage Loan, the Master Servicer shall enforce any obligation of the Servicers under the related Servicing Agreements to maintain or cause to be maintained standard fire and casualty insurance and, where applicable, flood insurance, all in accordance with the provisions of the related Servicing Agreements. It is understood and agreed that such insurance shall be with insurers meeting the eligibility requirements set forth in the applicable Servicing Agreement and that no earthquake or other additional insurance is to be required of any Mortgagor or to be maintained on property acquired in respect of a defaulted loan, other than pursuant to such applicable laws and regulations as shall at any time be in force and as shall require such additional insurance.

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