Section Insurance. Schedule 3.15 contains a description of --------- ------------- all insurance which such Credit Party maintains or has maintained on its behalf as of the Closing Date. All of such insurance is in full force and effect.
Section Insurance. The Company will provide insurance coverage for loss of mechanics' tools taken from premises in the case of a proven burglary. The premiums shall be borne by the Company and claims "paid to the mechanic in the case of a loss of his tools. will also be provided for loss due to fire. Coverage In order to claim under this clause the mechanic must have filed annually an inventory of his tools with the Company. ARTICLE
Section Insurance. As of the Closing the following information will have been provided by the Company with respect to each insurance policy (including policies providing property, casualty, liability, and workers' compensation coverage and bond and surety arrangements) to which the Company has been a party, a named insured, or otherwise the beneficiary of coverage at any time within the past three (3) years: the name, address, and telephone number of the agent; the name of the insurer, the name of the policyholder, and the name of each covered insured; the policy number and the period of coverage; the scope (including an indication of whether the coverage was on a claims made, occurrence, or other basis) and amount (including a description of how deductibles and ceilings are calculated and operate) of coverage; and description of any retroactive premium adjustments or other loss sharing arrangements. With respect to each such insurance policy which is in force as of the Closing: (1) the policy is legal, valid, binding, enforceable, and in full force and effect; (2) the policy shall continue to be legal, valid, binding, enforceable, and in full force and effect on identical terms following the consummation of the contemplated transactions under this Agreement; (3) to the best of Company's and the Shareholder's knowledge, the policy has been issued by an insurer that is financially sound and reputable; (4) the Company is not in breach or default (including with respect to the payment of premiums or the giving of notices), and to the best of Company's and the Shareholder's knowledge, no event has occurred which, with notice or the lapse of time, would constitute such a breach or default, or permit termination, modification, or acceleration, under the policy; (5) the policy does not provide for any retrospective premium adjustment or other experience-based liability on the part of the Company; (6) to the best of Company's and the Shareholder's knowledge, the policies collectively provide adequate insurance coverage for the assets and the operations of the Company; and (7) to the best of Company's and the Shareholder's knowledge, no party to the policy has repudiated any provision thereof. To the best of Company's and the Shareholder's knowledge, the Company has been covered during the past five (5) years by insurance in scope and amount customary and reasonable for the businesses in which it has engaged during the aforementioned period. Section Inventory. All inventory of the Co...
Section Insurance. The Grantor will maintain or cause to be maintained with responsible insurance companies insurance with respect to its business and properties (including the Equipment and Inventory) against such casualties and contingencies and of such types and in such amounts as is required pursuant to the Credit Agreement and will, upon the request of the Administrative Agent, furnish a certificate of a reputable insurance broker setting forth the nature and extent of all insurance maintained by the Grantor in accordance with this Section. Without limiting the foregoing, the Grantor further agrees as follows:
Section Insurance. The Company and each of its subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as management of the Company believes to be prudent and customary in the businesses in which the Company and its subsidiaries are engaged. Neither the Company nor any such subsidiary has been refused any insurance coverage sought or applied for and neither the Company nor any such subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business at a cost that would not materially and adversely affect the condition, financial or otherwise, or the earnings, business or operations of the Company and its subsidiaries, taken as a whole. Section Regulatory Permits. The Company and its subsidiaries possess all material certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct their respective businesses, and neither the Company nor any such subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit.
Section Insurance. (a) Schedule 5.20(a) sets forth (i) an accurate and complete list of all ---------------- material insurance policies and programs of insurance providing coverage for the Companies, including the amount of coverage and any retention or deductible of the Companies, and (ii) the aggregate claims and all individual claims in excess of $25,000 made under each such policy or program (or any predecessor policy or program) during the last two (2) years.
Section Insurance. The Borrower shall, and shall cause each of its Subsidiaries to, at all times carry and maintain or cause to be carried and maintained the insurance set forth in SCHEDULE 5.9. The Borrower shall deliver, within a reasonable time, one true and complete copy of each insurance policy to the Administrative Agent, duly certified by a Responsible Officer of the Borrower. All such insurance shall comply with the other provisions set forth in SCHEDULE 5.9.
Section Insurance. The Company and each of its subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as management of the Company believes to be prudent and customary in the businesses in which the Company and its subsidiaries are engaged. Neither the Company nor any such subsidiary has been refused any insurance coverage sought or applied for and neither the Company nor any such subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business at a cost that would not materially and adversely affect the condition, financial or otherwise, or the earnings, business or operations of the Company and its subsidiaries, taken as a whole.
Section Insurance. 9.1 The Tribe shall obtain and maintain insurance coverage of the following types in amount mutually agreeable to the Tribe and PSELP through policies exclusively devoted to the Facility and the business activity conducted thereon: casualty other than earthquake insurance, and earthquake insurance.
Section Insurance. The group insurance program in effect on the effective date of this Agreement is a separate document and will continue in effect during the term of this collective Agreement. Section Pension The pension plan for bargaining unit employees at the Midland plant is a separate document whose term will run concurrentlywith the term of this Agreement.
