Lender Insurance Requirements Sample Clauses

Lender Insurance Requirements. If under the terms of any Funding Agreement or Security Document Developer is obligated to, and does, carry insurance coverage with higher limits, lower deductibles or self- insured retentions, or broader coverage than required under this Agreement, Developer’s provision of such insurance shall satisfy the applicable requirements of this Agreement provided such policy meets all the other applicable requirements of this Section 16.1. If Developer carries insurance coverage in addition to that required under this Agreement, then Developer shall include the Department and its respective members, directors, officers, employees, agents and Project consultants as additional insureds thereunder, under additional insured endorsements as described in Section 16.1.2.7.4, and shall provide to the Department the proofs of coverage and copy of the policy described in Section 16.1.2.4. If, however, Developer demonstrates to the Department that inclusion of such Persons as additional insureds will increase the premium, the Department shall elect either to pay the increase in premium or forego additional insured status.
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Lender Insurance Requirements. If under the terms of any Funding Agreement or Security Document the Development Entity is obligated to, and does, carry insurance coverage with higher limits, lower deductibles or self- insured retentions, or broader coverage than required under this PPA, the Development Entity’s provision of such insurance shall satisfy the applicable requirements of this PPA provided such policy meets all the other applicable requirements of this Article 19 (Insurance). If the Development Entity carries insurance coverage in addition to that required under this PPA, then (except with respect to directors and officers’ liability insurance) the Development Entity shall include the Department and its respective members, directors, officers, employees, agents and Project consultants as additional insureds thereunder and under additional insured endorsements as described in Section 19.2(h)(iv), and shall provide to the Department the proofs of coverage and copy of the policy described in Section 19.2(e) (Verification of Coverage). If, however, the Development Entity demonstrates to the Department that inclusion of such Persons as additional insureds will increase the premium, the Department shall elect either to pay the increase in premium or forgo additional insured status.
Sample 1
Lender Insurance Requirements. If under the terms of any Funding Agreement or Security Document Developer is obligated to, and does, carry insurance coverage with higher limits, lower deductibles or self-insured retentions, or broader coverage than required under this Agreement, Developer’s provision of such insurance shall satisfy the applicable requirements of this Agreement provided such policy meets all the other applicable requirements of this Article 19 (Insurance). If Developer carries insurance coverage in addition to that required under this Agreement, then Developer shall include the Authority and its respective members, directors, officers, employees, agents and Project consultants as additional insureds thereunder and under additional insured endorsements as described in Section 19.2.8.4, and shall provide to the Authority the proofs of coverage and copy of the policy described in Section 19.2.5 (Verification of Coverage). If, however, Developer demonstrates to the Authority that inclusion of such Persons as additional insureds will increase the premium, the Authority shall elect either to pay the increase in premium or forgo additional insured status.
Sample 1
Lender Insurance Requirements. Notwithstanding the forgoing, the insurance requirements of Lender and the PACE Lender concerning the dollar amount of required coverage and loss deductible clauses will control so long as the Redeveloper (i) has an obligation under its agreements with Lender and the PACE Lender to maintain casualty and general liability insurance, and (ii) continues to comply with all other provisions in this Article VII.
Sample 1

Related to Lender Insurance Requirements

  • Other Insurance Requirements (a) Thirty (30) days’ advance written notice shall be provided to the City of cancellation, intended non-renewal, or reduction in coverages, except for non-payment for which no less than ten (10) days’ notice shall be provided to City. Notices shall be sent to the City address set forth in Section 11.1 entitled “Notices to the Parties.”

  • Insurance Requirements Vendor agrees to maintain the following minimum insurance requirements for the duration of this Agreement. All policies held by Vendor to adhere to this term shall be written by a carrier with a financial size category of VII and at least a rating of “A‐” by A.M. Best Key Rating Guide. The coverages and limits are to be considered minimum requirements and in no way limit the liability of the Vendor(s). Any immunity available to TIPS or TIPS Members shall not be used as a defense by the contractor's insurance policy. Only deductibles applicable to property damage are acceptable, unless proof of retention funds to cover said deductibles is provided. "Claims made" policies will not be accepted. Vendor’s required minimum coverage shall not be suspended, voided, cancelled, non‐renewed or reduced in coverage or in limits unless replaced by a policy that provides the minimum required coverage except after thirty (30) days prior written notice by certified mail, return receipt requested has been given to TIPS or the TIPS Member if a project or pending delivery of an order is ongoing. Upon request, certified copies of all insurance policies shall be furnished to the TIPS or the TIPS Member. Vendor agrees that when Vendor or its subcontractors are liable for any damages or claims, Vendor’s policy, shall be primary over any other valid and collectible insurance carried by the Member or TIPS. General Liability: $1,000,000 each Occurrence/Aggregate Automobile Liability: $300,000 Includes owned, hired & non‐owned Workers' Compensation: Statutory limits for the jurisdiction in which the Vendor performs under this Agreement. If Vendor performs in multiple jurisdictions, Vendor shall maintain the statutory limits for the jurisdiction with the greatest dollar policy limit requirement. Umbrella Liability: $1,000,000 each Occurrence/Aggregate

  • Insurance Requirement; Coverages Borrower must keep the improvements now existing or subsequently erected on the Property insured against loss by fire, hazards included within the term “extended coverage,” and any other hazards including, but not limited to, earthquakes, winds, and floods, for which Lender requires insurance. Borrower must maintain the types of insurance Lender requires in the amounts (including deductible levels) and for the periods that Lender requires. What Lender requires pursuant to the preceding sentences can change during the term of the Loan, and may exceed any minimum coverage required by Applicable Law. Borrower may choose the insurance carrier providing the insurance, subject to Xxxxxx’s right to disapprove Borrower’s choice, which right will not be exercised unreasonably.

  • Minimum Insurance Requirements Contractor shall procure and maintain for the duration of the contract insurance against claims for injuries or death to persons or damages to property which may arise from or in connection with the performance of the work hereunder and the results of that work by the Contractor, his agents, representatives, employees or sub-contractors. Coverage - Coverage shall be at least as broad as the following:

  • Insurance Requirement A. General Provisions Applying to All Policies

  • Additional Insurance Requirements The policies shall include, or be endorsed to include, the following provisions:

  • Contractor Insurance Requirements When performing Work on property in the care, custody, or control of the Judicial Council, the Contractor shall maintain all commercial general liability insurance, workers’ compensation insurance, and any other insurance the Judicial Council deems appropriate under the Agreement. Upon request from the Judicial Council, the Contractor shall furnish an insurance certificate evidencing required insurance coverage acceptable to the Judicial Council. The Contractor may also be required to have the Judicial Council shown as an additional insured on selected policies.

  • Subcontractor Insurance Requirements Consultant shall require each of its subcontractors that perform Services under this Agreement to maintain insurance coverage that meets all of the requirements of this Section.

  • Insurance Required The Engineer shall secure the insurance specified below. The insurance shall be issued by insurance company(s) acceptable to the City and may be in a policy or policies of insurance, primary or excess. Certificates of all required insurance including any policy endorsements shall be provided to the City prior to or upon the execution of this Agreement.

  • CONTRACTOR’S INSURANCE REQUIREMENTS The insurance requirements of this Contract are set forth in Appendix J and, if applicable, Appendix J.1.

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