Insurance Sample Clauses

Insurance. The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage at least equal to the aggregate Subscription Amount. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

Insurance. The properties of the Borrower and its Subsidiaries are insured with financially sound and reputable insurance companies not Affiliates of the Borrower, in such amounts, with such deductibles and covering such risks as are customarily carried by companies engaged in similar businesses and owning similar properties in localities where the Borrower or the applicable Subsidiary operates.

Insurance. Before commencing work on this Agreement the Party must provide certificates of insurance to show that the following minimum coverages are in effect. It is the responsibility of the Party to maintain current certificates of insurance on file with the State through the term of this Agreement. No warranty is made that the coverages and limits listed herein are adequate to cover and protect the interests of the Party for the Party’s operations. These are solely minimums that have been established to protect the interests of the State.

Insurance. The Company and its subsidiaries shall maintain, or cause to be maintained, insurance in such amounts and covering such risks as is reasonable and customary for the business for which it is engaged.

Insurance. The Company and each of its Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as management of the Company believes to be prudent and customary in the businesses in which the Company and its Subsidiaries are engaged. Neither the Company nor any such Subsidiary has been refused any insurance coverage sought or applied for, and neither the Company nor any such Subsidiary has any reason to believe that it will be unable to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business at a cost that would not have a Material Adverse Effect.

Insurance. The Company and each of its Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as management of the Company believes to be prudent and customary in the businesses in which the Company and its Subsidiaries are engaged. Neither the Company nor any such Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business at a cost that would not have a Material Adverse Effect. Upon written request the Company will provide to the Buyer true and correct copies of all policies relating to directors’ and officers’ liability coverage, errors and omissions coverage, and commercial general liability coverage.

Insurance. The Company and each of its subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as management of the Company believes to be prudent and customary in the businesses in which the Company and its subsidiaries are engaged. Neither the Company nor any such subsidiary has been refused any insurance coverage sought or applied for and neither the Company nor any such subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business at a cost that would not materially and adversely affect the condition, financial or otherwise, or the earnings, business or operations of the Company and its subsidiaries, taken as a whole.

Insurance. The Company and each of its Subsidiaries carry, or are covered by, insurance in such amounts and covering such risks as the Company and each of its Subsidiaries reasonably believe are adequate for the conduct of their properties and as is customary for companies engaged in similar businesses in similar industries.

Insurance. (a) At all times Tenant shall, at its sole expense, procure and maintain the following insurance coverage: (i) Tenant, at its expense, shall maintain commercial general liability insurance in the following amounts and with the coverages: $1,000,000 per occurrence and $2,000,000 in the aggregate. Such commercial general liability insurance shall protect and indemnify Landlord and Tenant against any and all claims and liabilities for injury or damage to persons or property or for the loss of life or of property occurring in or about the Premises, and for injury or damage to persons or property or for the loss of life or of property occurring upon, in or about the Premises and caused by or resulting from any act or omission of Tenant, its employees, agents, contractors, customers, guests, licensees or invitees. Such insurance shall specifically insure the performance by Tenant of its indemnity obligations under Paragraph 12 above, shall be on an occurrence basis and shall contain a cross-liability endorsement. (ii) Employer's liability insurance and worker's compensation insurance, as required by applicable law; (iii) If Tenant sells or dispenses alcoholic beverages, standard liquor liability insurance; and (iv) An umbrella policy of not less than $4,000,000. (b) The insurance required under this Paragraph 13 and all renewals thereof shall be effected under valid and enforceable policies and shall be issued by such good and responsible companies qualified to do and doing business in the State of California rated overall an "A" and XII, or better, in the most recent edition of Best's Insurance Reports. Each policy shall expressly provide that the policy shall not be canceled or altered in such manner as to adversely affect the coverage afforded thereby without thirty (30) days prior written notice to Landlord. All insurance carried by Tenant under this Lease shall expressly provide that it shall be primary and non-contributing with any insurance that may be carried by Landlord. The commercial general liability and liquor liability insurance shall name the following parties as additional insureds (collectively, the "ADDITIONAL INSUREDS"): (1) Landlord, (2) TKG Monte Vista, LLC, a California limited liability company, (3) Masson Land, a California general partnership, (4) Nut Tree, a California limited partnership, and (5) TKG Coffee Tree Two, LLC, a California limited liability company. (c) A certificate evidencing each policy of insurance required to be carrie...