Self-Insurance, Etc Sample Clauses

Self-Insurance, Etc. Notwithstanding the requirements of Section D6.1(a) hereof, it is agreed that (i) Operator may self-insure any of the above coverages to the extent that it is doing so on the Effective Date or to such greater extent as may be approved in writing by Owner and, with such terms and in such amounts, as a prudent company with the same debt rating as KeySpan Corporation would maintain with respect to similar properties and a similar business, and, in any event, will maintain insurance on all its property of a character usually insured by a company engaged in the same or a similar business similarly situated against loss or damage of the kinds and in the amounts customarily insured against by such companies, and carry or cause to be carried, with such insurers in customary amounts, such other insurance, including public liability insurance as is usually carried by companies engaged in the same or a similar business similarly situated; provided, however, that if at any time KeySpan Corporation's debt ratings fall below minimum investment grade as rated by both Standard and Poors and by Xxxxx'x, Operator shall not be permitted to self-insure pursuant to this Section D6.1(b) and shall fully comply with the requirements of Section D6.1(a) hereof within ninety (90) days, except to the extent that Owner has otherwise agreed in writing.
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Self-Insurance, Etc. Operator and Owner may carry such self insured retentions, deductibles, or may self-insure any of the above Plant Liability Insurance, All Risk Property Insurance, and Worker's Compensation insurance to the extent that it is doing so on the Effective Date or to such greater extent as may be approved in writing by Owner. Nothing in this Article 9 is intended to nor shall it relieve Owner or Operator of any of their respective obligations and liabilities under this Agreement including, but not limited to, the indemnification obligations set forth in Article 10 below.
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Related to Self-Insurance, Etc

  • Self-Insurance Notwithstanding the foregoing, each Interconnected Entity may self-insure to meet the minimum insurance requirements of this Section 13 of this Appendix 2 to the extent it maintains a self- insurance program, provided that such Interconnected Entity’s senior secured debt is rated at investment grade or better by Standard & Poor’s and its self-insurance program meets the minimum insurance requirements of this Section 13. For any period of time that an Interconnected Entity’s senior secured debt is unrated by Standard & Poor’s or is rated at less than investment grade by Standard & Poor’s, such Party shall comply with the insurance requirements applicable to it under this Section 13. In the event that an Interconnected Entity is permitted to self-insure pursuant to this section, it shall notify the other Interconnection Parties that it meets the requirements to self-insure and that its self-insurance program meets the minimum insurance requirements in a manner consistent with that specified in Section 13.5 of this Appendix 2.

  • Deductibles and Self-Insurance Retentions Any deductibles or self-insured retentions must be declared to and approved by the City. The City may require the Consultant to provide proof of ability to pay losses and related investigation, claims administration and defense expenses within the deductible or self-insured retention. The deductible or self-insured retention may be satisfied by either the named insured or the City.

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any 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 without a significant increase in cost.

  • Insurance Carriers All PSP’s insurance shall be issued by insurance carriers authorized to do business in Texas at the time the policy is issued (and at all times during the term of this Agreement) and rated by A.M. Best Company as A-VII or better, confirmed by one or more insurance certificates conforming to the following requirements:

  • FDIC Insurance For any deposit accounts you open, the FDIC requires Bank to disclose, and you hereby acknowledge, that deposits held by Evolve Bank & Trust are insured up to $250,000 federal deposit insurance limit, per depositor for each ownership category.

  • Group Insurance 38.01 The Group Insurance Plan presently in effect shall remain in effect during the term of this Agreement.

  • Self-Insured Retentions Self-insured retentions must be declared to and approved by City. City may require Contractor to purchase coverage with a lower retention or provide proof of ability to pay losses and related investigations, claim administration, and defense expenses within the retention. The policy language shall provide, or be endorsed to provide, that the self- insured retention may be satisfied by either the named insured or City.

  • Standard Hazard Insurance and Flood Insurance Policies (a) For each Mortgage Loan, the Master Servicer shall enforce any obligation of the Servicers under the related Servicing Agreements to maintain or cause to be maintained standard fire and casualty insurance and, where applicable, flood insurance, all in accordance with the provisions of the related Servicing Agreements. It is understood and agreed that such insurance shall be with insurers meeting the eligibility requirements set forth in the applicable Servicing Agreement and that no earthquake or other additional insurance is to be required of any Mortgagor or to be maintained on property acquired in respect of a defaulted loan, other than pursuant to such applicable laws and regulations as shall at any time be in force and as shall require such additional insurance.

  • Deductibles and Self-Insured Retention Any deductible or self-insured retention that apply to any insurance required by this Agreement must be declared and approved by COUNTY.

  • Umbrella Insurance During the term of this Contract, Supplier will maintain umbrella coverage over Employer’s Liability, Commercial General Liability, and Commercial Automobile. Minimum Limits: $2,000,000

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