COVENANT TO KEEP INSURANCE IN FORCE Clause Samples
The "Covenant to Keep Insurance in Force" clause requires a party, typically the owner or lessee of property, to maintain specified insurance coverage throughout the term of an agreement. This means the responsible party must obtain and continuously uphold insurance policies, such as property, liability, or casualty insurance, as outlined in the contract. By mandating ongoing insurance coverage, this clause ensures that both parties are protected against potential losses or liabilities, thereby reducing financial risk and providing assurance that adequate resources will be available in the event of damage or unforeseen incidents.
COVENANT TO KEEP INSURANCE IN FORCE. Diamond Shamrock R & M covenants that it will not use, occupy or operate any Facility or permit the use, occupancy or operation of any Facility at a time when the insurance required by this Article IX is not in force with respect to such Facility.
COVENANT TO KEEP INSURANCE IN FORCE. Subject to Lessee's right to self insure as set forth above, Lessee covenants that it will not use, occupy or operate any Facility or FF&E or permit the use, occupancy or operation of any Facility or FF&E at a time when the insurance required by this ARTICLE IX is not in force with respect to such Facility or FF&E. ARTICLE X
COVENANT TO KEEP INSURANCE IN FORCE. Vari-Lite covenants that it will not use or occupy the Property or permit the use or occupancy of the Property at a time when the insurance required by this ARTICLE IX is not in force.
COVENANT TO KEEP INSURANCE IN FORCE. Lessee covenants that it will not use, occupy or operate any Facility or FF&E or permit the use, occupancy or operation of any Facility or FF&E at a time when the insurance required by this ARTICLE IX is not in force with respect to such Facility or FF&E.
COVENANT TO KEEP INSURANCE IN FORCE. Lessee covenants that it will not use or occupy any Property or permit the use or occupancy of any Property at a time when the insurance required by this ARTICLE IX is not in force with respect to such Property.
COVENANT TO KEEP INSURANCE IN FORCE. Subject to Lessee's right to self insure as set forth above, Lessee covenants that it will not use or occupy any Property or permit the use or occupancy of any Property at a time when the insurance required by this ARTICLE IX is not in force with respect to such Property.