Existing Insurance Coverage Sample Clauses

Existing Insurance Coverage. (a) From and after the Closing, the Seller shall use reasonable efforts (which shall not require acceptance of materially adverse changes in its existing insurance policies or in any replacement insurance policies or other materially adverse effects on the Seller), subject to the terms of the Seller's Insurance Policies, to retain the right to make claims and receive recoveries, subject to the provisions of this Section 6.12, for the benefit of the Company under such of the Insurance Policies of the Seller which benefit the Company and which are not transferred to the Buyer at Closing or retained by the Company. The Seller further agrees to use its reasonable efforts to assist the Company in its efforts to make any such claims and receive any such recoveries. With respect to any actions, suits and proceedings against, and any losses, liabilities, damages or expenses of, the Company arising out of events or circumstances which are covered by any such Insurance Policies (each an Insured Liability), the Seller shall promptly pay to the Buyer or the Company the proceeds of such Insurance Policies in respect of any such Insured Liability actually received by the Seller (it being understood that any proceeds of such insurance policies applied directly by the insurance carrier(s) to such Insured Liability shall be deemed to be a payment made by the Seller in respect of such Insured Liability). Subject to the right of the Buyer to seek indemnification pursuant to the provisions of Section 10.1: (i) the Parent, the Buyer and the Company shall be fully liable, jointly and severally, for all deductibles, retentions, exclusions and any portion of retrospective premium adjustments attributable to such Insured Liabilities as reasonably determined by the Seller and the Seller's insurance carrier (after consultation with the Buyer), and other amounts, losses and expenses to the full extent not paid, for whatever reason, by such insurance carrier(s) or not covered by such insurance policies, it being understood that the Seller shall be under no obligation to make any such payments or to advance any such payments; and (ii) the Parent and the Buyer agree, jointly and severally, to reimburse, indemnify and hold the Seller and its affiliates harmless for out-of-pocket costs and expenses (including, without limitation, any retroactive premium adjustments and current or prospective premium increases imposed on the Seller or any of its affiliates resulting from Insured Liabilitie...
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Existing Insurance Coverage. If, after December 1, 1997, any of Shell, Star, TRMI (East), Shell Norco, SRI or their Affiliates receives, directly or indirectly, from any insurer cash proceeds attributable to (i) casualty and property (but not liability or business interruption for periods prior to the Effective Time) insurance coverage applicable to any of the Contributed Assets with respect to any occurrence or any series of related occurrences on or after December 1, 1997 or (ii) real property title insurance in respect of any of the Contributed Assets, which proceeds, in either the case of clause (i) or (ii), aggregate in excess of $1,000,000 for such occurrence or series of related occurrences, then such recipient shall pay over such cash proceeds to the Company (net of any deductible, co-payment, retro fees, premiums, costs or other charges payable to the insurance carrier or obligations to reimburse the insurance carrier for which it is liable and net of the cost of collection) except to the extent that (x) the damage or loss incurred as a result of such occurrence or series of occurrences was repaired, restored or reimbursed by or on behalf of such recipient prior to the Effective Time or will be obligated to be reimbursed by such recipient pursuant to the Motiva Joint Venture Documents or (y) Shell, SRI and Texaco have otherwise expressly agreed in writing that such proceeds shall not be paid over to the Company. Any such payment paid over to the Company shall reduce any amounts payable by such recipient or its Affiliates with respect to such occurrence under Article 8 of the Master Agreement. Any other insurance proceeds received by any of Shell, Star, TRMI (East), Shell Norco, SRI or their Affiliates with respect to any occurrence or series of occurrences prior to the Effective Time shall be retained by such recipient.
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Existing Insurance Coverage. (a) At Closing, Moog will cancel ---------------------------- insurance coverage applicable to the TC Business for occurrences or claims made after the Closing Date; PROVIDED, HOWEVER, that the remaining insurance coverage shall be available to SMP with respect to insured occurrences or claims made relating to the TC Business on or prior to the Closing Date, if and only to the extent that SMP has assumed or paid the loss or liability attributed to such occurrences. If, after the Closing, Moog actually receives from an insurer cash proceeds (excluding any return of premium or reimbursed attorneys or investigation or other fees) attributable to such insurance coverage with respect to any insured occurrences or any series of occurrences on or prior to the Closing Date or any claims that were asserted on or prior to the Closing Date, then such cash proceeds shall be paid to SMP net of any deductible, co-payment, retro fees, self-insured premiums, defense costs or other charges paid or payable to the insurance carrier or obligations to reimburse the insurance carrier for which Moog is liable, to the extent that SMP has assumed or paid the loss or liability attributed to such occurrences. SMP shall reimburse Moog for any administrative costs, retro fees, premiums, self-insured or deductible loss costs or other expenses that Moog is charged after the Closing by such insurance carrier relating to claims paid to SMP subsequent to Closing under insurance coverage applicable to the TC Business prior to Closing.
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Existing Insurance Coverage. 24 6.10. [ ] 24 6.11. Access to Auburn Facility..................................................................................25 6.12. [ ] 25 TABLE OF CONTENTS (CONTINUED)
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Existing Insurance Coverage. If, after December 1, 1997, any of Shell Newco, TRMI, TRMI Holdings, Texaco Pipeline, Texaco Trading, Texaco Convent, Texaco Anacortes or their Affiliates receives, directly or indirectly, from any insurer cash proceeds attributable to (i) casualty and property (but not liability or business interruption for periods prior to the Effective Time) insurance coverage applicable to any of the Contributed Assets with respect to any occurrence or any series of related occurrences on or after December 1, 1997 or (ii) real property title insurance in respect of any of the Contributed Assets, which proceeds, in either the case of clause (i) or (ii), aggregate in excess of $1,000,000 for such occurrence or series of related occurrences, then such recipient shall pay over such cash proceeds to the Company (net of any deductible, co-payment, retro fees, premiums, costs or other charges payable to the insurance carrier or obligations to reimburse the insurance carrier for which it is liable and net of the cost of collection) except to the extent that (x) the damage or loss incurred as a result of such occurrence or series of occurrences was repaired, restored or reimbursed by or on behalf of such recipient prior to the Effective Time or will be obligated to be reimbursed by such recipient pursuant to the Equilon Joint Venture Documents or (y) Shell and Texaco have otherwise expressly agreed in writing that such proceeds shall not be paid over to the Company. Any such payment paid over to the Company shall reduce any amounts payable by such recipient or its Affiliates with respect to such occurrence under Article 8 of the Master Agreement. Any other insurance proceeds received by any of Shell Newco, TRMI, TRMI Holdings, Texaco Pipeline, Texaco Trading, Texaco Convent, Texaco Anacortes xx xxxxx Xxxxxxxxxx xxxx xxxxxxx xx xxx xxxxxxxxxx xx xxxxxx xx occurrences prior to the Effective Time shall be retained by such recipient.
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Existing Insurance Coverage. 27 10.7 Payment of Remainder of Stay Bonuses .......... 27 10.8
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Existing Insurance Coverage. As of the Closing Date, Seller will cancel insurance coverage applicable to Seller occurrences (as such term "occurrence" policies) or claims made (with respect to any "claims- made" policies) after the Closing Date (other than insurance policies in the name of Seller or an Affiliate thereof; provided, however, that the remaining insurance coverage will be available to Buyer with respect to insured occurrences or series of occurrences relating to the Business or claims made on or prior to the Closing Date to the extent that Buyer has retained, assumed or paid the loss or liability attributed to such occurrence or series of occurrences or claims made. If after the Closing, Seller receives cash proceeds (excluding any return of premium or reimbursed attorneys or investigation or other fees) from an insurer that are attributable to such insurance coverage with respect to any insured occurrences or any series of occurrences on or prior to the Closing Date or any claims that were made on or prior to the Closing Date, then such cash proceeds will be paid to Buyer to the extent that Buyer has assumed or paid the loss or liability attributed to such occurrence or series of occurrences or claims made. Seller shall use its reasonable efforts to cooperate with Buyer to ensure that there are no gaps in insurance coverage with respect to the Business as a result of this Agreement.
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Existing Insurance Coverage. If, after December 1, 1997, any of Shell Newco, TRMI, TRMI Holdings, Texaco Pipeline, Texaco Trading, Texaco Convent, Texaco Anacortes or their Affiliates receives, directly or indirectly, from any insurer cash proceeds attributable to (i) casualty and property (but not liability or business interruption for periods prior to the Effective Time) insurance coverage applicable to any of the Contributed Assets with respect to any occurrence or any series of related occurrences on or after December 1, 1997 or (ii) real property title insurance in respect of any of the Contributed Assets, which proceeds, in either the case of clause (i) or (ii), aggregate in excess of $1,000,000 for such occurrence or series of related occurrences, then such recipient shall pay over such cash proceeds to the Company (net of any deductible, co-payment, retro fees, premiums, costs or other charges payable to the insurance carrier or obligations to reimburse the insurance carrier for which it is liable and net of the cost of collection) except to the extent that (x) the damage or loss incurred as a result of such occurrence or series of occurrences was repaired, restored or
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Existing Insurance Coverage. On or after the Closing Date, Seller will cancel any insurance coverage applicable to the occurrences (with respect to any "occurrence" policies) or claims made (with respect to any "claims-made" policies) after the Closing Date in respect of the Cyrk CPG Business or the Subsidiaries. If after the Closing, the Buyer or any Subsidiary receives cash proceeds from an insurer that are attributable to such insurance coverage with respect to any insured occurrences or any series of occurrences on or prior to the Closing Date or any claims that were made on or prior to the Closing Date, then such cash proceeds will promptly be paid to Seller, except for any cash proceeds received by Buyer for any loss or liability attributed to such occurrence or series of occurrences or claims made which is an Assumed Liability and except for any right to receive such cash proceeds which is included within the determination of the Closing Purchase Price, in which case Buyer shall retain such cash proceeds.
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Related to Existing Insurance Coverage

  • Insurance Coverages The Design Professional will promptly obtain and maintain the insurance coverage described on the Schedule of Project Details and provide the Owner with proof of that insurance before commencing services under this Agreement. The Design Professional agrees that the Services may not commence until all proof of required insurance has been provided to and approved by the Owner.

  • Insurance Coverage The Company and each Subsidiary maintains in full force and effect insurance coverage that is customary for comparably situated companies for the business being conducted and properties owned or leased by the Company and each Subsidiary, and the Company reasonably believes such insurance coverage to be adequate against all liabilities, claims and risks against which it is customary for comparably situated companies to insure.

  • REINSURANCE COVERAGE Reinsurance under this Agreement will apply to insurance issued by the Ceding Company on the Plans of Insurance shown in Schedule A. Such Plans of Insurance shall be reinsured with the Reinsurer on an automatic basis, subject to the requirements set forth in Section A below, or on a facultative basis, subject to the requirements set forth in Section B below, or on a facultative obligatory basis, subject to the requirements set forth in Section C below. The specifications for all reinsurance under this Agreement are provided in Schedule B.

  • Insurance Cover Without prejudice to the provisions contained in Clause 26.1, the Concessionaire shall, during the Operation Period, procure and maintain Insurance Cover including but not limited to the following:

  • Required Insurance Coverages The Contractor also agrees to purchase insurance and have the authorized agent state on the insurance certificate that the Contractor has purchased the following types of insurance coverages, consistent with the policies and requirements of O.C.G.A. §50-21-37. The minimum required coverages and liability limits are as follows:

  • Life Insurance Coverage a. Fifteen Thousand ($15,000) Dollars life insurance policy with AD&D from an insurance carrier selected by the Board, subject to the provisions of this section. Such insurance shall pay double in the case of accidental death or dismemberment.

  • Required Insurance Coverage As a condition of this Contract with DIR, Vendor shall provide the listed insurance coverage within 5 business days of execution of the Contract if the Vendor is awarded services which require that Vendor’s employees perform work at any Customer premises and/or use employer vehicles to conduct work on behalf of Customers. In addition, when engaged by a Customer to provide services on Customer premises, the Vendor shall, at its own expense, secure and maintain the insurance coverage specified herein, and shall provide proof of such insurance coverage to the related Customer within five (5) business days following the execution of the Purchase Order. Vendor may not begin performance under the Contract and/or a Purchase Order until such proof of insurance coverage is provided to, and approved by, DIR and the Customer. All required insurance must be issued by companies that have an A rating and a Financial Size Category Class of VII from A.M. Best, and are licensed in the State of Texas and authorized to provide the corresponding coverage. The Customer and DIR will be named as Additional Insureds on all required coverage. Required coverage must remain in effect through the term of the Contract and each Purchase Order issued to Vendor there under. The minimum acceptable insurance provisions are as follows:

  • Evidence of Insurance Cover All insurances obtained by the Concessionaire in accordance with this Article 32 shall be maintained with insurers on terms consistent with Good Industry Practice. Within 15 (fifteen) days of obtaining any insurance cover, the Concessionaire shall furnish to the Authority, notarised true copies of the certificate(s) of insurance, copies of insurance policies and premia payment receipts in respect of such insurance, and no such insurance shall be cancelled, modified, or allowed to expire or lapse until the expiration of at least 45 (forty five) days after notice of such proposed cancellation, modification or non-renewal has been delivered by the Concessionaire to the Authority.

  • INDUSTRIAL INSURANCE COVERAGE The Contractor shall comply with the provisions of Title 51 RCW, Industrial Insurance. If the Contractor fails to provide industrial insurance coverage or fails to pay premiums or penalties on behalf of its employees, as may be required by law, Agency may collect from the Contractor the full amount payable to the Industrial Insurance accident fund. The Agency may deduct the amount owed by the Contractor to the accident fund from the amount payable to the Contractor by the Agency under this contract, and transmit the deducted amount to the Department of Labor and Industries, (L&I) Division of Insurance Services. This provision does not waive any of L&I’s rights to collect from the Contractor.

  • Proof of Insurance Coverage As preliminary evidence of compliance with the insurance required by the contract, the company will furnish the Authority with a certificate(s) of insurance satisfactory to the Authority. This certificate must be signed by an authorized representative of the insurer. If requested by the Authority, the company will, within 15 days after receipt of written request from the Authority, provide the Authority, or make available for review, certificates of insurance, copies of required endorsements and/or a certified complete copy of the policies of STANDARD PROCEDURE Number: S250.06 Effective: 05/31/02 Aviation Authority Revised: 12/11/14 Page: 4 of 7 Subject: CONTRACTUAL INSURANCE TERMS AND CONDITIONS insurance. The company may redact those portions of the insurance policies that are not relevant to the coverage required by the contract. The company will provide the Authority with renewal or replacement evidence of insurance, acceptable to the Authority, prior to expiration or termination of such insurance. The insurance certificate must:

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