Standards, Damage, Insurance Sample Clauses

Standards, Damage, Insurance. (1) Yorkshire will cooperate with CK Witco to minimize the cost of the Remedial Works, including assisting with appropriate land use or other environmental restrictions which may make Remedial Works unnecessary or more feasible or cost effective, provided, that CK Witco will not seek to unreasonably impair the reasonable use of the Acquired Properties. (2) CK Witco will conduct all Remedial Work in a competent and professional manner, and in compliance with all material and applicable laws and regulations, including but not limited to Environmental Laws. Further, CK Witco with obtain all required licenses, permits and approvals required by Environmental Regulators and any applicable laws, whether Environmental Laws or otherwise. If the Remedial Work is required by an order or directive from an Environmental Regulator, CK Witco will conduct such Remedial Works to the satisfaction of such Environmental Regulator, provided, that CK Witco reserves all right to take administrative, judicial or other applicable appeals, requests for reconsideration or the like. CK Witco will provide Yorkshire with evidence of such satisfaction as soon as practicable after receipt of such evidence. (3) For each separate Remedial Work, CK Witco will keep, at its sole cost, in full force and effect, with insurance companies licensed to do business in the jurisdiction of the applicable Remedial Work, commercial general liability and property damage insurance with a combined single limit of coverage of no less than US$1,000,000 (or its reasonable equivalent in another currency). CK Witco will, at its sole cost, comply with any other insurance statutes or laws arising from its status as an employer and entity licensed to do business in the jurisdiction of the Remedial Work, including, but not limited to carrying sufficient Automobile Liability and Worker's Compensation Insurance to comply with applicable regulations. CK Witco will provide Yorkshire with certificates of insurance on all required policies and name Yorkshire as an additional named insured on all required policies.