Protection and Indemnity insurance against protection and indemnity risks for the full value and tonnage of the vessel insured (as approved in writing by the Bank) according to the relevant rules and deductibles provided thereof for all risks including Pollution (and if the vessel is passenger ship including liability towards third parties which is not covered by the War Risk Insurance) insured by P+I Clubs, members of the International Group of Protection and Indemnity Associations. If any risks are excluded or the deductibles as provided by the rules have been altered, the written consent of the Bank shall have to be previously required. In case that crew liabilities (including without limitation loss of life, injury or illness) have been entirely excluded from the association cover or insured on a deductible excess basis, (always subject to the prior written consent of the Bank) such liabilities shall have to be further insured separately with other underwriters acceptable to the Bank and upon such terms as shall from time to time be approved in writing by the Bank; and
Protection and Indemnity. Insurance against Protection and Indemnity Risks for the full value and tonnage of the Vessel insured (as approved in writing by the Bank) in accordance with the relevant Rules/Protection and Indemnity Institute Clauses and deductibles provided thereof and/or agreed for all risks including Pollution with Excess Liability insured by P&I Club(s) and/or underwriter(s) and/or insurance company(ies) approved in writing by the Bank. No risks will be excluded and no deductibles provided for in the rules and/or agreed will be altered, without the written consent of the Bank having been previously obtained. If crew liabilities (inductively, loss of life, injury or illness) have been excluded from the insurance cover or insured on a deductible excess basis, such liabilities shall be further insured separately with other underwriters, always acceptable to the Bank and upon such terms as shall from time to time be approved in writing by the Bank;
Protection and Indemnity. RCCL shall, at its own expense, obtain and ------------------------ maintain protection and indemnity insurance with first-class Marine Underwriters which shall provide coverage to RCCL and SEAVISION. In the event that SEAVISION or its employees cause any loss or damage covered by this insurance, or which would have been covered by this insurance but for any deductible, SEAVISION agrees to reimburse owners for the deductible applicable to such loss or damage; provided however such reimbursement shall not exceed [Redacted - confidential treatment requested].
Protection and Indemnity. 1.1 The Underwriters agree to indemnify the Assured for any sum or sums paid by the Assured to any other person or persons by reason of the Assured becoming legally liable, as owner of the Vessel, for any claim, demand, damages and/or expenses, where such liability is in consequence of any of the following matters or things and arises from an accident or occurrence during the period of this insurance:
Protection and Indemnity. The Company has entered into this Agreement as an accommodation to Validus and without making any charge to Validus for the services to be provided to Validus under this Agreement. Accordingly, Validus agrees for the benefit of the Company and the Affiliates that neither the Company nor any of the Affiliates shall have any liability to Validus and/or any of its existing or future shareholders for any loss, damage, cost or liability suffered or incurred by Validus and/or any of its existing or future shareholders as a result of relying upon any information provided (or failed to be provided) pursuant to this Agreement or otherwise in connection with the Registration Statement or Validus's public offering of its shares and Validus shall indemnify the Company and each Affiliate from any loss, damage, cost or liability incurred or threatened by or against any of them in connection with any such information or otherwise in connection with the Registration Statement or Validus's public offering of its shares save that this provision shall not protect any individual against the consequences of that individual's own fraud, wilful default or dishonesty and shall not protect any individual or body corporate against liability for physical injury or death caused by negligence on the part of that individual or body corporate. For the avoidance of doubt, the provisions of this Clause 6 shall not reduce the liability of the Warrantors (as defined in the Share Sale Agreement) in their capacity as such for any breach of the warranties set out in Schedule 4 of the Share Sale Agreement under the terms of that agreement.
Protection and Indemnity. Mortgagor shall secure a Protection and Indemnity policy that is written with a one million dollars ($1,000,000) combined single limit for bodily injury and property damage, including all standard policy form extensions. The policy will include a comprehensive Pollution Liability endorsement covering any loss or damage resulting from any discharge, emission, spillage or leakage on or into any water, including governmental mandated clean up. The policy shall be written on an "occurrence form". This policy shall be endorsed to include Mortgagee and Lenders as additional insureds. Umbrella/Bumbershoot Liability. Mortgagor shall secure an Umbrella/Bumbershoot Liability policy with a limit of not less than one hundred million dollars ($100,000,000) providing excess coverage over all limits and coverages indicated in the preceding paragraph. The limits can be obtained by a combination of Primary and Excess Umbrella/Bumbershoot Liability policies, provided that all layers follow form with the Protection and Indemnity policy, and are written on an "occurrence" form. This policy shall be endorsed to include Mortgagee and Lenders as additional insureds. Insurance Companies. Mortgagor may purchase such insurance through one or more marine insurance brokers of its choice, with such insurance being placed and kept with such American, British, or other insurance companies, underwriters' associations, clubs, or underwriting funds reasonably acceptable to Mortgagee. All such insurance policies, including renewals and replacements, must also be in form, amount, and substance acceptable to Mortgagee and must additionally contain a noncontributory Mortgagee's loss payable clause in favor of Mortgagee, providing in part that: (a) all proceeds and returned premiums under such policies of Insurance will be paid directly to Mortgagee, on behalf of Lenders; (b) no act or omission on the part of Mortgagor or any of its officers, agents, employees or representatives, or the master or crew of the Vessel, or any charterer or subcharterer thereof, or breach of any warranties contained in such policies, shall affect the obligations of the Insurer to pay the full amount of any loss to Mortgagee; (c) such policies may not be cancelled or altered without thirty (30) days' prior written notice to Mortgagee of such intended cancellation or alteration, (d) there shall be no recourse against Mortgagee for the payment of premiums or commissions; and (e) if such policies provide for the payment...
Protection and Indemnity. The Operator shall purchase Protection and Indemnity Insurance with a carrier acceptable to Owner in the names of the Operator, the Owner and Mortgagee as their interests may appear, in an amount not less than U.S. Ten Million Dollars ($10,000,000.00) the cost of which shall be payable by the Operator. Deductibles, if any, shall not exceed Twenty-Five Thousand Dollars ($25,000.00). Operators shall be responsible for the deductible on any insurance claim for injury to anyone on the vessel including but not limited to employees, independent contractors, concessionaires, passengers and guests.
Protection and Indemnity. The insurance shall be concluded on the basis of the Institute Protection and Indemnity Clauses Hulls - Time 1/1/95 with the following amendments:
Protection and Indemnity insurance against all protection and indemnity risks including pollution for the full value and tonnage of the vessel insured (as approved in writing by the Bank) according to the relevant rules and deductibles of a club or association which is a member of the International Group of Protection and Indemnity Associations. If any risks are excluded or the deductibles as provided by the rules are altered, the prior written consent of the Bank shall be required. In case that crew liabilities (including without limitation loss of life, injury or illness) have been entirely excluded from the association cover or insured on a deductible excess basis, (always subject to the prior written consent of the Bank) such liabilities shall have to be further insured separately with other underwriters acceptable to the Bank and upon such terms as shall from time to time be approved in writing by the Bank; and
Protection and Indemnity. Protection and Indemnity coverage will be written with a One Million Dollar ($1,000,000.00) combined single limit for bodily injury and property damage, including all standard policy form extensions and be supplemented by Bumbershoot Liability coverage as described in Paragraph l below. The policy shall be written on an occurrence form. The Agent Bank and Banks will be included as additional insureds under the policy.
