Purchaser Insurance. (a) Schedule 3.22(a) lists all insurance policies (by policy number, insurer, coverage period, coverage amount, annual premium and type of policy) held by the Purchaser or any of its Subsidiaries relating to the Purchaser or its Subsidiaries or their respective businesses, properties, assets, directors, officers and employees, copies of which have been provided to the Seller. All premiums due and payable under all such insurance policies have been timely paid and the Purchaser and it Subsidiaries are otherwise in material compliance with the terms of such insurance policies. Each such insurance policy (i) is legal, valid, binding, enforceable and in full force and effect and (ii) will continue to be legal, valid, binding, enforceable, and in full force and effect on identical terms following the Closing. Neither the Purchaser nor any Subsidiary has any self-insurance or co-insurance programs. Since January 1, 2020, neither the Purchaser nor any Subsidiary has received any notice from, or on behalf of, any insurance carrier relating to or involving any adverse change or any change other than in the ordinary course of business, in the conditions of insurance, any refusal to issue an insurance policy or non-renewal of a policy.
Purchaser Insurance. Purchaser shall carry and maintain or cause to be carried and maintained, at all times during the Term of this Agreement, insurance coverage with limits as set forth in this Section.
Purchaser Insurance. Purchaser hereby covenants and agrees that it will maintain the types of insurance coverage in at least the amounts and at least at the levels required to be maintained by Sellers under the Assumed Contracts in the calendar year immediately preceding the Closing.
Purchaser Insurance. Notwithstanding any provision of this Agreement to the contrary, each of Purchaser, any of its Affiliates or any of their respective officers, directors, employees, stockholders (or security or rights holders), agents, representatives, heirs, successors and assigns under this Agreement may enter into insurance policies or any other Contract or purchase or otherwise acquire any financial instruments to indemnify Purchaser, any of its Affiliates and/or any of their respective officers, directors, employees, stockholders (or security or rights holders), agents, representatives, heirs, successors and assigns under this Agreement from any liabilities, contingent or otherwise, arising from or related to the transactions contemplated by this Agreement. Notwithstanding any provision of this Agreement to the contrary, including Section 9.11.2, the parties agree that no benefit from such insurance policies, Contracts or financial instruments shall inure to the benefit of ABB or any of its Affiliates (except for the Acquired Group).
Purchaser Insurance. The Purchaser may, at its sole discretion, effect and pay for any insurance policy to cover losses due to delay in start-up (or more commonly known as advance loss of profit policies).
Purchaser Insurance. The Purchaser shall use reasonable commercial efforts to purchase and carry business interruption insurance covering Purchaser's business operations, unless Purchaser is not legally able to maintain business interruption insurance and shall purchase and carry insurance covering Purchaser's obligations pursuant to Section 50 hereof. All policies of insurance shall be written by insurance companies authorized to do business in the State and shall provide that no change of coverage shall be effected unless at least thirty (30) days' prior notice is given to the Authority. Certified copies of all replacement policies shall be delivered to the Authority not less than thirty (30) days prior to the expiration of any coverage. The "Authority" shall be named as an "Additional Insured" on all public liability insurance policies maintained by the Purchaser for Purchaser's Interconnection System and any other facilities of the Purchaser located on the System, on all business interruption insurance and all insurance covering Purchaser's obligations pursuant to Section 50 hereof. The proceeds of business interruption insurance shall be payable directly to the Authority to the extent of the Purchaser's obligations to purchase water
Purchaser Insurance. PURCHASER shall procure and maintain during the Term of this Agreement and for a period one (1) year beyond the expiration date of Device, Commercial General Liability Insurance, including without limitation, Product Liability and Contractual Liability coverage (the "PURCHASER Insurance"). The PURCHASER Insurance shall cover amounts not less than ten million dollars ($10,000,000) combined single limit and shall be with an insurance carrier reasonably acceptable to XXXX. XXXX shall be named as an additional insured on the PURCHASER Insurance and PURCHASER promptly shall deliver a certificate of PURCHASER Insurance and endorsement of additional insured to XXXX evidencing such coverage. If PURCHASER fails to furnish such certificates or endorsements, or if at any time during the Term of this Agreement XXXX is notified of the cancellation or lapse of the PURCHASER Insurance, and PURCHASER fails to rectify the same within ten (10) calendar days after notice from XXXX, in addition to all other remedies available to XXXX hereunder, XXXX, at its option, may obtain the PURCHASER Insurance and PURCHASER promptly shall reimburse XXXX for the cost of the same. Any deductible and/or self insurance retention shall be the sole responsibility of PURCHASER.
Purchaser Insurance. For a period of three years after the Closing Date, the Purchaser shall maintain insurance for product liability for the products of the Companies at substantially the same as for other medical device products of the Purchaser.
Purchaser Insurance. Purchaser shall maintain the following insurance coverages in full force and effect throughout the Term: (a) Workers Compensation Insurance with coverage limits in accordance with Applicable Law and (b) Commercial General Liability Insurance with coverage limits of not less than $2,000,000 general aggregate, $1,000,000 per occurrence. Purchaser may satisfy the Purchaser’s insurance obligations by policies of insurance issued by a commercial insurer or through a Joint Powers Authority to which the Purchaser is a member.
Purchaser Insurance. 35 6.05 Excluded Proceeds............................................................................. 36
