Common use of Excess/Umbrella Liability Clause in Contracts

Excess/Umbrella Liability. The Borrower shall maintain excess or umbrella liability insurance in an amount not less than $15,000,000 written on an occurrence basis providing coverage limits excess of the insurance limits required under Sections 6.5(b)(iii), (b)(iv) (with respect to employer’s liability only), and (b)(v). Such insurance shall follow form the primary insurances and drop down in case of exhaustion of underlying limits and/or aggregates. Such insurance shall not contain an exclusion for punitive or exemplary damages where insurable by law.

Appears in 4 contracts

Samples: Credit Agreement (Sba Communications Corp), Amendment and Restatement (Sba Communications Corp), Credit Agreement (Sba Communications Corp)

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Excess/Umbrella Liability. The Borrower shall maintain excess or umbrella liability insurance in an amount not less than $15,000,000 50,000,000 written on an occurrence basis providing coverage limits in excess of the insurance limits required under Sections 6.5(b)(iiisections (a)(iii), (b)(iv) (with respect to employer’s liability onlya)(iv), and (b)(va)(v). Such insurance shall follow the form of the primary insurances and contain a drop down provision in case of exhaustion of underlying limits and/or aggregates. Such insurance shall not contain an exclusion for of punitive or exemplary damages where insurable by under law. Such policy shall not contain an exclusion for occupational disease.

Appears in 2 contracts

Samples: Credit Agreement (American Rock Salt Co LLC), Credit Agreement (American Rock Salt Co LLC)

Excess/Umbrella Liability. The Such Borrower shall maintain excess or umbrella liability insurance in an amount not less than $15,000,000 25,000,000 written on an occurrence basis providing coverage limits in excess of the insurance limits required under Sections 6.5(b)(iiiSECTION 5.04(B)(II), (b)(ivB)(III) (with respect to employer’s 's liability only), and (b)(vb)(iv). Such insurance shall follow form from the primary insurances and drop down in case of exhaustion of underlying limits and/or aggregates. Such insurance shall not contain an exclusion exclude coverage for punitive or exemplary damages where insurable by law.

Appears in 1 contract

Samples: Loan and Security Agreement (KMC Telecom Holdings Inc)

Excess/Umbrella Liability. The Such Borrower shall maintain excess or umbrella liability insurance in an amount not less than $15,000,000 25,000,000 written on an occurrence basis providing coverage limits in excess of the insurance limits required under Sections 6.5(b)(iii5.04(d)(iii), (b)(ivd)(iv) (with respect to employer’s 's liability only), and (b)(vd)(v). Such insurance shall follow form from the primary insurances and drop down in case of exhaustion of underlying limits and/or aggregates. Such insurance shall not contain an exclusion exclude coverage for punitive or exemplary damages where insurable by law.

Appears in 1 contract

Samples: Loan and Security Agreement (KMC Telecom Holdings Inc)

Excess/Umbrella Liability. The Such Borrower shall maintain excess or umbrella liability insurance in an amount not less than $15,000,000 20,000,000, written on an occurrence basis providing coverage limits in excess of the insurance limits required under Sections 6.5(b)(iii5.04(b)(3), (b)(ivb)(4) (with respect to employer’s liability only), and (b)(vb)(5). Such insurance shall follow form from the primary insurances insurance and drop down in case of exhaustion of underlying limits and/or aggregates. Such insurance shall not contain an exclusion exclude coverage for punitive or exemplary damages where insurable by law.; and

Appears in 1 contract

Samples: Loan and Security Agreement (Paetec Corp)

Excess/Umbrella Liability. The Such Borrower shall maintain excess or umbrella liability insurance in an amount not less than $15,000,000 25,000,000 written on an occurrence basis providing coverage limits in excess of the insurance limits required under Sections 6.5(b)(iiiSection 5.04(b)(iii), (b)(iv) (with respect to employer’s 's liability only), and (b)(v). Such insurance shall follow form from the primary insurances and drop down in case of exhaustion of underlying limits and/or aggregates. Such insurance shall not contain an exclusion exclude coverage for punitive or exemplary damages where insurable by law.

Appears in 1 contract

Samples: Loan and Security Agreement (KMC Telecom Holdings Inc)

Excess/Umbrella Liability. The Borrower shall maintain excess or umbrella liability insurance in an amount not less than $15,000,000 25,000,000 written on an occurrence basis providing coverage limits excess of the insurance limits required under Sections 6.5(b)(iii5.5(b)(iii), (b)(iv) (with respect to employer’s 's liability only), and (b)(v). Such insurance shall follow form the primary insurances and drop down in case of exhaustion of underlying limits and/or aggregates. Such insurance shall not contain an exclusion for punitive or exemplary damages where insurable by law.

Appears in 1 contract

Samples: Credit Agreement (Sba Communications Corp)

Excess/Umbrella Liability. The Such Borrower shall maintain excess or umbrella liability insurance in an amount not less than $15,000,000 25,000,000 written on an occurrence basis providing coverage limits in excess of the insurance limits required under Sections 6.5(b)(iiiSECTIONS 5.04(D)(III), (b)(ivD)(IV) (with respect to employer’s 's liability only), and (b)(vD)(V). Such insurance shall follow form from the primary insurances and drop down in case of exhaustion of underlying limits and/or aggregates. Such insurance shall not contain an exclusion exclude coverage for punitive or exemplary damages where insurable by law.

Appears in 1 contract

Samples: Loan and Security Agreement (KMC Telecom Holdings Inc)

Excess/Umbrella Liability. The Borrower shall maintain ------------------------- excess or umbrella liability insurance in an amount not less than $15,000,000 10,000,000 written on an occurrence basis providing coverage limits in excess of the insurance limits required under Sections 6.5(b)(iiiclauses (b)(iii), (b)(iv) (with respect to employer’s 's liability only), and (b)(v). Such insurance shall follow form from the primary insurances and drop down in case of exhaustion of underlying limits and/or aggregates. Such insurance shall not contain an exclusion exclude coverage for punitive or exemplary damages where insurable by law.; and

Appears in 1 contract

Samples: First Priority Loan Agreement (Northpoint Communications Group Inc)

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Excess/Umbrella Liability. The Borrower shall maintain excess or umbrella liability insurance in an amount not less than $15,000,000 25,000,000 written on an occurrence basis providing coverage limits excess of the insurance limits required under Sections 6.5(b)(iii5.5(b)(iii), (b)(iv) (with respect to employer’s liability only), and (b)(v). Such insurance shall follow form the primary insurances and drop down in case of exhaustion of underlying limits and/or aggregates. Such insurance shall not contain an exclusion for punitive or exemplary damages where insurable by law.

Appears in 1 contract

Samples: Credit Agreement (Sba Communications Corp)

Excess/Umbrella Liability. The Borrower shall ------------------------- maintain excess or umbrella liability insurance in an amount not less than $15,000,000 10,000,000 written on an occurrence basis providing coverage limits in excess of the insurance limits required under Sections 6.5(b)(iiiclauses (b)(iii), (b)(iv) (with respect to employer’s 's liability only), and (b)(v). Such insurance shall follow form from the primary insurances and drop down in case of exhaustion of underlying limits and/or aggregates. Such insurance shall not contain an exclusion exclude coverage for punitive or exemplary damages where insurable by law.; and

Appears in 1 contract

Samples: Second Priority Loan Agreement (Northpoint Communications Group Inc)

Excess/Umbrella Liability. The Borrower shall maintain excess or umbrella liability insurance in an amount not less than $15,000,000 25,000,000 written on an occurrence basis providing coverage limits excess of the insurance limits required under Sections 6.5(b)(iii), (b)(iv) (with respect to employer’s liability only), and (b)(v). Such insurance shall follow form the primary insurances and drop down in case of exhaustion of underlying limits and/or aggregates. Such insurance shall not contain an exclusion for punitive or exemplary damages where insurable by law.

Appears in 1 contract

Samples: Credit Agreement (Sba Communications Corp)

Excess/Umbrella Liability. The Borrower shall maintain excess or umbrella liability insurance in an amount not less than $15,000,000 written on an occurrence basis 50,000,000 providing coverage limits excess of the insurance limits required under Sections 6.5(b)(iiisections (a)(ii), (b)(iva)(iii) (with respect to employer’s 's liability only), ) and (b)(va)(iv). Such insurance shall follow the form of the primary insurances and drop down in case of exhaustion of underlying limits and/or aggregates. Such insurance shall not contain an exclusion for punitive or exemplary damages where insurable by law.

Appears in 1 contract

Samples: Credit Agreement (Panamsat Corp /New/)

Excess/Umbrella Liability. The Borrower shall maintain excess or umbrella liability insurance in an amount not less than $15,000,000 written on an occurrence basis providing coverage limits excess of the insurance limits required under Sections 6.5(b)(iii5.5(b)(iii), (b)(iviv), (v) (with respect to employer’s liability only), and (b)(vvi). Such insurance shall follow form the primary insurances and drop down in case of exhaustion of underlying limits and/or aggregates. Such insurance shall not contain an exclusion for punitive or exemplary damages where insurable by law.

Appears in 1 contract

Samples: Credit Agreement (Sba Communications Corp)

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