LICENSES & INSURANCE. 4.1 It is understood and agreed that both the Company and the Broker shall abide by the relevant federal, provincial and municipal licensing requirements and applicable taxes.
LICENSES & INSURANCE. If any Credit assures payment for goods to be imported, the Applicant shall procure or cause the Beneficiaries of each Credit to procure promptly any necessary import and export or other licenses for import or export or shipping of any goods referred to in or pursuant to such Credit and to comply and to cause the Beneficiaries to comply with all foreign and domestic governmental regulations in regard to the shipment and warehousing of such goods or otherwise relating to or affecting such Credit, including governmental regulations pertaining to transactions involving designated foreign countries or their nationals, and to furnish such certificates in that respect as GE Capital may at any time require, and to keep such goods adequately covered by insurance in amounts, with carriers and for such risks as shall be satisfactory to GE Capital, and to cause GE Capital's interest to be endorsed thereon, and to furnish GE Capital on demand with evidence thereof. Should the insurance upon said goods for any reason be unsatisfactory to GE Capital, GE Capital may, at its expense, obtain insurance satisfactory to it.
LICENSES & INSURANCE. The Applicant shall procure or cause the Beneficiaries of each Credit to procure promptly any necessary import and export or other licenses for import or export or shipping of any goods referred to in or pursuant to such Credit and to comply and to cause the Beneficiaries to comply with all foreign and domestic governmental regulations in regard to the shipment and warehousing of such goods or otherwise relating to or affecting such Credit, including governmental regulations pertaining to transactions involving designated foreign countries or their nationals, and to furnish such certificates in that respect as GE Capital may at any time require, and to keep such goods adequately covered by insurance in amounts, with carriers and for such risks as shall be satisfactory to GE Capital, and to cause GE Capital's interest to be endorsed thereon, and to furnish GE Capital on demand with evidence thereof. Should the insurance upon said goods for any reason be unsatisfactory to GE Capital, GE Capital may, at its expense, obtain insurance satisfactory to it.
LICENSES & INSURANCE. At all times during the term of this Agreement, Provider shall, and if Provider is comprised of a group of licensed providers, each such licensed provider shall:
LICENSES & INSURANCE. It is and agreed that both the Company and the Broker shall abide by the relevant federal, provincial and municipal licensing requirements and applicable taxes. In addition to the licensing requirements as set out in paragraph and the insurance requirements set out in paragraph the Broker shall carry and keep in force such other policies of insurance which may from time to time be reasonably required by the Company or by any regulatory board, agency, commis- sion or authority and shall be bondable where necessary to meet the Company’s service requirements. The cost of a bond will be by the Company. The Broker shall provide all appropriate licensing for the Broker’s vehicle in regards to provincial, municipal and city ordinates. The Company shall provide any and all licensing in respects to the Motor Carrier Commission of the Province of Ontario. The Broker shall forthwith insure the said vehicle in the amount of minimum inclusive coverage in respect of pub- lic liability and property damage claims, and carry Commercial General Liability insurance with a bodily injury and property damage limit. For this policy, the Company is to be named as an additional insured. The Broker is required to provide evidence thereof to the Company following the signing of this agreement and every six (6) months thereafter or as requested by the Company. The Company reserves the right to vary, amend or modify the level of insurance coverage or type of cov- erage that the Broker provide under this Broker Agreement and payment for the above referenced newly required varia- tion, amendment, modification or type of Commercial General Liability coverage shall be over and above any negotiated broker compensation.
LICENSES & INSURANCE. The Applicant will procure promptly any necessary import, export or other licenses for the import, export, or shipping of any and all property shipped under or pursuant to or in connection with any Letter of Credit, and will comply with all foreign and domestic governmental regulations in regard to the shipment of such property or the financing thereof, and will furnish such certificates in that respect as the Bank may at any time(s) require. The Applicant hereby warrants that the importation of any property covered by any Letter of Credit (if any) does not contravene any law or regulation of the United States government or any state. The Applicant will keep all such property adequately covered by insurance in amounts, against risks and with companies satisfactory to the Bank, and, in the event that a reimbursement obligation under this Agreement is secured, will assign the relevant insurance policies to Bank, and will make any loss or adjustment payable under any such policy, if any, payable to the Bank, at its option, and will furnish the Bank, on its demand, with evidence of acceptance by the insurers of any such assignment. The Applicant will furnish the Bank upon request evidence of compliance with the foregoing. Should the insurance on any such property for any reason be unsatisfactory to the Bank, the Bank may, at the Applicant’s expense, obtain insurance satisfactory to the Bank.
LICENSES & INSURANCE. If any Credit assures payment for goods to be imported, Applicant shall procure or cause the Beneficiaries of each Credit to procure promptly any necessary import and export or other licenses for import or export or shipping of any goods referred to in or pursuant to such Credit and to comply and to cause the Beneficiaries to comply with all foreign and domestic governmental regulations in regard to the shipment and warehousing of such goods or otherwise relating to or affecting such Credit, including governmental regulations pertaining to transactions involving designated foreign countries or their nationals, and to furnish such certificates in that respect as Issuer may at any time require, and to keep such goods adequately covered by insurance in amounts, with carriers and for such risks as shall be satisfactory to Issuer, and to cause Issuer’s interest to be endorsed thereon, and to furnish Issuer on demand with evidence thereof. Should the insurance upon said goods for any reason be unsatisfactory to Issuer, Issuer may, at its expense, obtain insurance satisfactory to it.
LICENSES & INSURANCE. KDAA must maintain all necessary licenses, permits or approvals required to be maintained by it or any of its employees or subcontractors permitting or authorizing them to perform their respective obligations under this Agreement in each and every jurisdiction having authority over KDAA and over the performance of such obligations. KDAA must maintain insurance coverage for itself, covering against risks customarily insured against by businesses in its industry, including, without limitation, coverage for professional services liability, and in accordance with the current insurance requirements and amounts and deductibles customary for a similar business. KDAA must provide to Client evidence of such insurance simultaneously with execution of this Agreement and upon reasonable request from time to time.
LICENSES & INSURANCE. If any Credit assures payment for goods to be imported, Applicant shall procure or cause the Beneficiaries of each Credit to procure promptly any necessary import and export or other licenses for import or export or shipping of any goods referred to in or pursuant to such Credit and to comply and to cause the Beneficiaries to comply with all foreign and domestic governmental regulations in regard to the shipment and warehousing of such goods or otherwise relating to or affecting such Credit, including governmental regulations pertaining to transactions involving designated foreign countries or their nationals, and to furnish such certificates in that MASTER AGREEMENT (Standby L/Cs) respect as Issuer may at any time require, and to keep such goods adequately covered by insurance in amounts, with carriers and for such risks as shall be satisfactory to Issuer, and to cause Issuer's interest to be endorsed thereon, and to furnish Issuer on demand with evidence thereof. Should the insurance upon said goods for any reason be unsatisfactory to Issuer, Issuer may, at its expense, obtain insurance satisfactory to it.
