Client Insurance. Client shall procure and maintain, from the Effective Date through the date that is [***] after the expiration date of all Client Product Produced under this Agreement, Commercial General Liability Insurance, including without limitation, [***] (the “Client Insurance”). The Client Insurance shall cover amounts not less than $[***] combined single limit and shall be with an insurance carrier reasonably acceptable to ▇▇▇▇▇▇. ▇▇▇▇▇▇ shall be named as an additional insured on the Client Insurance and Client promptly shall deliver a certificate of Client Insurance and endorsement of additional insured to ▇▇▇▇▇▇ evidencing such coverage. If Client fails to furnish such certificates or endorsements, or if at any time during the Term ▇▇▇▇▇▇ is notified of the cancellation or lapse of the Client Insurance, and Client fails to rectify the same within [***] after notice from Althea, Althea, at its option, may terminate this Agreement. Any deductible and/or self insurance retention shall be the sole responsibility of Client.
Appears in 3 contracts
Sources: Master Product Development and Clinical Supply Agreement, Master Product Development and Clinical Supply Agreement (Alder Biopharmaceuticals Inc), Master Product Development and Clinical Supply Agreement (Alder Biopharmaceuticals Inc)