Insurance Polices Sample Clauses

Insurance Polices. Schedule 2.18(a) lists all insurance policies of the Company in force as of the Effective Date (the "Insurance Policies"), naming the Company as an insured or beneficiary or as a loss-payable payee or for which the Company has paid or is obligated to pay all or part of the premiums. Other than as set forth in Schedule 2.18(b), the Company has not received notice of any pending or threatened termination or retroactive premium increase with respect thereto; and the Company is in compliance in all material respects with all conditions contained therein, the noncompliance with which could result in termination of insurance coverage or increased premiums for prior or future periods. There are no pending material claims against such insurance by the Company as to which insurers have denied liability or are defending under any reservation of rights, and, there exists no material claim under such insurance that has not been properly filed by the Company.
AutoNDA by SimpleDocs
Insurance Polices. Insurance maintained pursuant to the Prepetition Credit Agreement shall be in place and in full force and effect and coverage shall extend to the Surplus Parcels, the Permanent Casino Complex, the Easements and the Improvements thereon (except any insurance coverage for the design and construction of the Permanent Casino Complex that was terminated upon completion of such design and construction, and any insurance coverage that is no longer required to be maintained under the terms of the respective Construction Documents).
Insurance Polices. Section 3.16 of the LCV Disclosure Schedules contains a true and complete list of all insurance policies to which any LCV Entity is a party or which provide coverage to or for the benefit of or with respect to any LCV Entity or any director, manager, officer or employee of any LCV Entity in his or her capacity as such (the “Insurance Policies”), indicating in each case the type of coverage, name of the insured, the insurer, the expiration date of each policy and the amount of coverage. True and complete copies of all such Insurance Policies have been made available to Subversive. Section 3.16 of the LCV Disclosure Schedules also describes any self-insurance or co-insurance arrangements by or affecting any LCV Entity or any director, manager, officer or employee of a LCV Entity in his or her capacity as such, including any reserves established thereunder. Each Insurance Policy is in full force and effect and shall remain in full force and effect in accordance with its terms immediately following the Closing, is (to the Knowledge of LCV) provided by a financially solvent carrier and has not been subject to any lapse in coverage. The LCV Entities are current in all premiums or other payments due under the Insurance Policies and have otherwise complied in all material respects with all of their obligations under each Insurance Policy. The LCV Entities have given timely notice to the applicable insurer of all material claims that may be insured thereby under any Insurance Policy. No LCV Entity has been refused any insurance by, nor has coverage been limited by, any insurance carrier with which any LCV Entity has carried insurance or any other insurance carrier to which any LCV Entity has applied for insurance, and no insurer has issued a reservation of rights or denial of coverage for claims or incidents which could give rise to a claim under any Insurance Policy. No Insurance Policy provides for any retrospective premium adjustment or other experience based liability on the part of any LCV Entity.
Insurance Polices. (a) Insurance maintained pursuant to the Prepetition Loan Agreement and covering the Prepetition Collateral shall be in place and in full force and effect and coverage shall extend to the Second Lien Real Properties, the Easements and the Improvements thereon. Comparable insurance covering the First Lien Collateral and the Second Lien Collateral shall be in place and in full force and effect and coverage shall extend, without limitation, to the First Lien Real Property, the Easements and Improvements thereon.
Insurance Polices. Seller will assign to Purchaser, and Purchaser will accept that assignment of and assume the obligations under, all of Seller's business insurance policies that are reasonably assumable by Purchaser. All such insurance policies (or replacements thereof) or any applicable portion thereof will be kept in full force and effect and Purchaser will assume the obligation to pay all premiums under those insurance policies as of the Closing Date. The Seller will notify all insurance companies of this Agreement and the sale of the Property to the Purchaser. Seller also actively will assist Purchaser, before or on the Closing Date, to obtain the insurer's consent concerning that assignment and assumption of those insurance policies of Seller.
Insurance Polices. Schedule 4.19(a) lists all insurance policies relating to the Business or the Assets in force as of the Effective Date (the "Insurance Policies"), naming Seller as an insured or beneficiary or as a loss-payable payee or for which Seller has paid or is obligated to pay all or part of the premiums. Other than as set forth in Schedule 4.19(b), Seller has not received notice of any pending or threatened termination or retroactive premium increase with respect thereto; and Seller is in compliance in all material respects with all conditions contained therein, the noncompliance with which could result in termination of insurance coverage or increased premiums for prior or future periods. There are no pending material claims against such insurance by Seller as to which insurers have denied liability or are defending under any reservation of rights, and, there exists no material claim under such insurance that has not been properly filed by Seller.
Insurance Polices. The Disclosure Schedule lists all insurance policies of the Corporation relating to the Software Business in force as of the date hereof, naming the Corporation as an insured or beneficiary or as a loss-payable payee or for which the Corporation has paid or is obligated to pay all or part of the premiums. All such policies of insurance coverage are in full force and effect and full, true and complete copies of such policies have been provided to the Buyer. The Corporation is not, to their knowledge, in default with respect to any of the provisions contained in any such insurance policy and, to their knowledge, has not failed to give any notice or present any Claim under any such insurance policy in due and timely fashion. The Corporation has not received notice of any pending or threatened termination or retroactive premium increase with respect thereto; and the Corporation is in compliance with all conditions contained therein, the noncompliance with which could result in termination of insurance coverage or increased premiums for prior or future periods. There are no pending material Claims against such insurance by the Corporation as to which insurers have denied liability or are defending under any reservation of rights, and, to their knowledge, there exists no material Claim under such insurance that has not been properly filed by the Corporation.
AutoNDA by SimpleDocs
Insurance Polices. Schedule 1.1.m lists all Insurance Policies relating to the Software Business or the Assets in force as of the Closing Date, naming Seller as an insured or beneficiary or as a loss-payable payee or for which Seller has paid or is obligated to pay all or part of the premiums. Other than as set forth in Schedule 4.24, Seller has not received notice of any pending or threatened termination or retroactive premium increase with respect thereto; and Seller is in compliance with all conditions contained therein, the noncompliance with which could result in termination of insurance coverage or increased premiums for prior or future periods. There are no pending material claims against such insurance by Seller as to which insurers have denied liability or are defending under any reservation of rights, and, to the knowledge of Seller, there exists no material claim under such insurance that has not been properly filed by Seller.

Related to Insurance Polices

  • Insurance Policies Insurance required herein shall be by companies duly licensed or admitted to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, as set forth in the most current issue of "Best's Insurance Guide", or such other rating as may be required by a Lender. Lessee shall not do or permit to be done anything which invalidates the required insurance policies. Lessee shall, prior to the Start Date, deliver to Lessor certified copies of policies of such insurance or certificates evidencing the existence and amounts of the required insurance. No such policy shall be cancelable or subject to modification except after thirty (30) days prior written notice to Lessor. Lessee shall, at least thirty (30) days prior to the expiration of such policies, furnish Lessor with evidence of renewals or "insurance binders" evidencing renewal thereof, or Lessor may order such insurance and charge the cost thereof to Lessee, which amount shall be payable by Lessee to Lessor upon demand. Such policies shall be for a term of at least one year, or the length of the remaining term of this Lease, whichever is less. If either Party shall fail to procure and maintain the insurance required to be carried by it, the other Party may, but shall not be required to, procure and maintain the same.

  • Insurance Policy The Employer agrees to remit to the Union an amount to be applied toward the payment of a premium by the Union for an insurance policy which provides a defense attorney to represent all members of the bargaining unit when they are charged with a criminal act that results from events occurring while the bargaining unit member was acting in an official capacity. The maximum amount payable during the term of the Agreement shall be seven dollars ($7.00) per member per month.

  • Insurance Plans The Executive is eligible to participate in the life, health, dental, short and long-term disability plans made available to the employees of the Company pursuant to the terms and conditions of such plans.

  • 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. 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.

Time is Money Join Law Insider Premium to draft better contracts faster.