Specified Policies Clause Samples
The 'Specified Policies' clause defines the particular insurance policies that a party is required to maintain under an agreement. It typically lists the types of insurance, such as general liability, professional indemnity, or property insurance, and may set minimum coverage amounts or other key terms. By clearly identifying the required insurance, this clause ensures that all parties are adequately protected against specified risks and that there is no ambiguity about the insurance obligations under the contract.
Specified Policies. Each of the Specified Policies is in full force and effect and no event which constitutes or could, with the passage of time or the giving of notice, reasonably be expected to constitute a default thereunder has occurred and is continuing; provided that this representation and warranty is not required to be true prior to the first Closing Date.
Specified Policies. OPIC shall have received evidence satisfactory to it that each of the Specified Polices is in full force and effect.