Insured Contract Sample Clauses
An "Insured Contract" clause defines the types of agreements for which an insurance policy will provide coverage for liability assumed by the insured. Typically, this includes contracts such as leases, easements, or agreements to indemnify a third party, where the insured agrees to take on certain legal responsibilities. By specifying which contracts are covered, the clause ensures that the insurer will respond to claims arising from these obligations, thereby clarifying the scope of coverage and protecting the insured from unexpected liability exposures.
Insured Contract. The Insured Contract must specify the nature and quantity of the goods and/or services to be sold, the Contract Currency and the terms of payment.
Insured Contract. Insured contract means any contract listed as such in an insured contracts endorsement to this policy.
Insured Contract. 5.1 The Insured shall as soon as reasonably practicable inform the Insurer in writing of any material default by the Insured Debtor or the Insured under the Insured Contract or of any termination or suspension of the Insured Contract.
5.2 All amounts shall be calculated in US Dollars.
Insured Contract. The IC agrees that this is an insured contract. The insurance required herein is intended to cover the Company and customers of the Company for its and their own liability, respectively, for negligence or any other cause of action in any claim or lawsuit for bodily injury or property damage arising out of the Work.