Common use of Insurance Coverage Clause in Contracts

Insurance Coverage. The Company 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 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.

Appears in 71 contracts

Samples: Securities Purchase Agreement (Century Therapeutics, Inc.), Stock Purchase Agreement (Interleukin Genetics Inc), Securities Purchase Agreement (Syros Pharmaceuticals, Inc.)

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Insurance Coverage. The Company 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 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.

Appears in 21 contracts

Samples: Purchase Agreement (Nexmed Inc), Purchase Agreement (Nexmed Inc), Securities Purchase Agreement (United Energy Corp /Nv/)

Insurance Coverage. The Company 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 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.

Appears in 16 contracts

Samples: Securities Purchase Agreement (Precision Optics Corporation, Inc.), Securities Purchase Agreement (Usio, Inc.), Securities Purchase Agreement (Silence Therapeutics PLC)

Insurance Coverage. The Company and each of its Subsidiaries 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, Company and the Company reasonably believes each such insurance coverage to be adequate against all liabilities, claims and risks against which it is customary for comparably situated companies to insureSubsidiary.

Appears in 10 contracts

Samples: Purchase Agreement (Genco Shipping & Trading LTD), Purchase Agreement (Centerbridge Credit Partners, L.P.), Purchase Agreement (Centerbridge Credit Partners, L.P.)

Insurance Coverage. The Company maintains and its subsidiaries maintain in full force and effect insurance coverage that is customary for comparably situated companies for the business being conducted conducted, and properties owned or leased leased, by the CompanyCompany and its subsidiaries, 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.

Appears in 7 contracts

Samples: Purchase Agreement (Insci Statements Com Corp), Purchase Agreement (Medical Dynamics Inc), Purchase Agreement (Medical Dynamics Inc)

Insurance Coverage. The Company and each of its Subsidiaries 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, Company 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 insureits Subsidiaries.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Overland Storage Inc), Agreement and Plan of Merger (Sphere 3D Corp), Agreement and Plan of Merger (Sphere 3D Corp)

Insurance Coverage. The Company maintains and its subsidiaries maintain 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 CompanyCompany and its subsidiaries, 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.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Skye Bioscience, Inc.), Securities Purchase Agreement (Aclaris Therapeutics, Inc.), Securities Purchase Agreement (vTv Therapeutics Inc.)

Insurance Coverage. The Company maintains in full force and effect insurance coverage that is customary for comparably situated companies for the business being conducted conducted, and properties owned or leased leased, by the Company, 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.

Appears in 3 contracts

Samples: Purchase Agreement (Avi Biopharma Inc), Purchase Agreement (Avi Biopharma Inc), Purchase Agreement (Sunrise Technologies International Inc)

Insurance Coverage. The Company 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 the Company reasonably believes such insurance coverage to be adequate against all liabilities, casualty claims and risks against which it is customary for comparably situated companies to insure.

Appears in 2 contracts

Samples: Registration Rights Agreement (Capstone Companies, Inc.), Securities Purchase Agreement (Capstone Companies, Inc.)

Insurance Coverage. The Company maintains and the Subsidiaries maintain in full force and effect insurance coverage that is customary for comparably situated companies for the business currently being conducted and as currently proposed to be conducted after giving effect to the Merger and the properties owned or leased by the CompanyCompany 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.

Appears in 2 contracts

Samples: Purchase Agreement (Power Solutions International, Inc.), Purchase Agreement (Power Solutions International, Inc.)

Insurance Coverage. The Company maintains in full force and ------------------ effect insurance coverage that is customary for comparably situated companies for the business being conducted conducted, and properties owned or leased leased, by the Company, 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.

Appears in 2 contracts

Samples: Purchase Agreement (Imaginon Inc /De/), Purchase Agreement (Imaginon Inc /De/)

Insurance Coverage. The Company maintains and its Subsidiaries maintain 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 CompanyCompany and its Subsidiaries, 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.

Appears in 1 contract

Samples: Subscription Agreement (Digimarc CORP)

Insurance Coverage. The Company 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 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.

Appears in 1 contract

Samples: Purchase Agreement (Sheffield Pharmaceuticals Inc)

Insurance Coverage. The Company 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 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. The Company has previously provided to Investor a true and complete copy of such policy.

Appears in 1 contract

Samples: Stock Purchase Agreement (Interleukin Genetics Inc)

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Insurance Coverage. The Company maintains and its subsidiaries maintain 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 CompanyCompany and its subsidiaries, 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.. 4.19

Appears in 1 contract

Samples: Securities Purchase Agreement (Skye Bioscience, Inc.)

Insurance Coverage. The Company and maintains in full force and ------------------ effect insurance coverage that is customary for comparably situated companies for the business being conducted conducted, and properties owned or leased leased, by the Company, 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.

Appears in 1 contract

Samples: Purchase Agreement (Cambridge Heart Inc)

Insurance Coverage. The Company maintains and its Subsidiaries maintain in full force and effect insurance coverage that is customary for comparably situated companies for the business being conducted and contemplated to be conducted and properties owned or leased by the Companythem, 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.

Appears in 1 contract

Samples: Note Purchase Agreement (Rx Staffing, Inc.)

Insurance Coverage. The Company 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 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.

Appears in 1 contract

Samples: Purchase Agreement (Fonar Corp)

Insurance Coverage. The Company maintains and its subsidiary maintain 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 CompanyCompany and its 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.

Appears in 1 contract

Samples: Securities Purchase Agreement (Spring Bank Pharmaceuticals, Inc.)

Insurance Coverage. The Company maintains and its subsidiaries maintain in full force and effect insurance coverage that is customary for comparably situated companies for the business being conducted conducted, and properties owned or leased leased, by the CompanyCompany and its subsidiaries including without limitation directors' and officers' insurance, 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.

Appears in 1 contract

Samples: Investment Agreement (Insci Statements Com Corp)

Insurance Coverage. The Company maintains in full force and effect insurance coverage coverage, including directors’ and officers’ liability insurance, that is customary for comparably situated carried by companies for engaged in similar businesses and owning similar properties in localities where the business being conducted and properties owned Company or leased by the Companyits Subsidiaries operates, 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.

Appears in 1 contract

Samples: Purchase Agreement (LCC International Inc)

Insurance Coverage. The Company and each of its Subsidiaries 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 CompanyCompany and each of its Subsidiaries, 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.

Appears in 1 contract

Samples: Securities Purchase Agreement (Single Touch Systems Inc)

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