Bonding and Insurance Clause Samples
The Bonding and Insurance clause requires one or more parties to obtain and maintain specific types of bonds or insurance coverage as a condition of the contract. Typically, this means a contractor must secure performance bonds, payment bonds, or liability insurance to protect against risks such as non-performance, property damage, or third-party claims during the course of a project. By mandating these protections, the clause ensures financial security and risk mitigation for all parties, safeguarding against potential losses or failures to fulfill contractual obligations.
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Bonding and Insurance. All expenses of bond, liability, and other insurance coverage required by law or deemed advisable by the board of directors;
Bonding and Insurance. All expenses of bond, liability, and other insurance coverage required by law or regulation or deemed advisable by the Trustees, including, without limitation, such bond, liability and other insurance expense that may from time to time be allocated to the Series in a manner approved by the Trustees.
Bonding and Insurance. All expenses of bond, liability, and other insurance coverage required by law or regulation or deemed advisable by the Directors, including, without limitation, such bond, liability and other insurance expense that may from time to time be allocated to the Company in a manner approved by the Directors, excluding, however, the expenses of the Directors’ Errors & Omission policy;
Bonding and Insurance. All expenses of bond, liability, and other insurance coverage required by law or regulation or deemed advisable by the Board of Directors of the Corporation, including, without limitation, such bond, liability, and other insurance expense that may from time to time be allocated to the Fund in a manner approved by the Board of Directors of the Corporation.
Bonding and Insurance. All expenses of bond, liability, and other insurance coverage required by law or regulation or deemed advisable by the Trustees of the Trust, including, without limitation, such bond, liability and other insurance expenses that may from time to time be allocated to the Fund in a manner approved by its Trustees.
Bonding and Insurance. Performance and Payment Bonds.
Bonding and Insurance. All insurance premiums for fidelity and other coverage, as approved by the Trustees;
Bonding and Insurance. All expenses of bond, liability, and other insurance coverage required by law or deemed advisable by the Board of Trustees;
Bonding and Insurance. All expenses of bond, liability, and other insurance coverage required by law or regulation or deemed advisable by the Board of Managers, including, without limitation, such bond, liability and other insurance expense that may from time to time be allocated to the Series in a manner approved by the Board of Managers;
Bonding and Insurance. Each Party shall maintain sufficient fidelity bond coverage (including coverage for larceny and embezzlement) and errors and omissions insurance coverage as may be required by applicable law or as such Party deems necessary in light of its obligations under this Agreement.