Common use of The Operator Clause in Contracts

The Operator. The Operator shall, at its expense, maintain commercial general liability insurance and other insurance required by the School Contract, except that the Corporation shall maintain directors’ and officers’ liability insurance in accordance with Section 7(b) herein. The limits of the Operator’s primary and umbrella insurance policies shall at all times meet or exceed the requirements set forth in the School Contract. The Operator’s policies shall name the Corporation and the other parties mentioned in the School Contract as insureds, or as additional insureds on an Operator policy. All such policies of insurance shall (i) be issued by responsible companies of recognized standing authorized to do business in the State, (ii) be written in standard form, and (iii) provide that the policies shall not be cancelable except upon (30) days written notice to the Corporation. Upon the Corporation’s request, the Operator shall deliver to the Corporation a copy of such policies, certificate of insurance coverage, or other written confirmation acceptable to Corporation, together with evidence that the insurance premiums have been paid.