Type and Amounts Sample Clauses
The "Type and Amounts" clause defines the specific categories and required limits of insurance coverage that a party must maintain under a contract. It typically outlines which types of insurance—such as general liability, professional liability, or workers' compensation—are necessary, and stipulates the minimum coverage amounts for each. By clearly specifying these requirements, the clause ensures that adequate financial protection is in place, thereby allocating risk and preventing disputes over insufficient insurance coverage during the contract term.
Type and Amounts. Mortgagor shall maintain or cause to be maintained, to promptly pay, on or before the same becoming due, all premiums relative to, shall provide Mortgagee with evidence of such coverages as Mortgagee shall require with respect to, and shall name Mortgagee as an additional insured, loss payee and/or mortgagee, as appropriate, under, the following policies of insurance as and when required below, which must be carried with insurers approved by and acceptable to Mortgagee, in its sole discretion: (i) an "all risk" policy of insurance insuring against loss or damage by fire, casualty and other hazards as now are or subsequently may be covered by an "all risk" policy of insurance including, without limitation, riot and civil commotion, vandalism, malicious mischief, burglary and theft, lightning, hail, windstorm, and explosion; (ii) comprehensive general public liability insurance covering occurrences that may arise in the Mortgaged Property, including broad form property damage, blanket contractual and personal injuries (including death resulting therefrom), and containing minimum limits of $1,000,000.00 per occurrence and $2,000,000.00 in the aggregate; (iii) workers' compensation insurance sufficient to meet all statutory requirements, as may be amended from time to time; (iv) if any of the Mortgaged Property is located in an area designated as a special flood hazard area, insurance against flood hazards in the maximum amounts available under the National Flood Insurance Program; and (v) such other coverages as Mortgagee may from time to time or at any time require. All policies of insurance required hereunder shall be satisfactory in form and substance to Mortgagee and shall be approved by Mortgagee as to amounts, form, risk coverage, deductibles, loss payees and insureds.
Type and Amounts. Bridge Facility A senior bridge loan facility in an aggregate principal amount of up to $1.65 billion (the “Bridge Facility”) (the loans made thereunder, the “Bridge Loans”). Availability: The Bridge Loans will be made in a single drawing on the date of the consummation of the Acquisition (defined below) (the “Closing Date”). Any Bridge Loans that are repaid or prepaid may not be reborrowed. Purpose: The proceeds of the Bridge Loans will be used by the Company to finance in part the Acquisition and to pay related fees and expenses. Maturity: The Bridge Loans will mature and be due and payable on the date that is 364 days following the Closing Date (the “Maturity Date”).
Type and Amounts. Food Supplier, at its own expense, will procure, carry, and maintain at all times while this Agreement is in effect, insurance approved by the Expo which will include the following:
(1) Workers’ Compensation Insurance as may be required by the Texas Workers’ Compensation Act, with a policy endorsed to provide a waiver of subrogation as to Operator;
(2) Employers’ Liability Insurance with minimum limits of not less than $500,000 per injury by accident, $500,000 per injury by disease, and $250,000 per bodily injury by disease;
(3) Commercial General Liability insurance, including premises, operations, independent contractor’s liability, products and completed operations and contractual liability covering, but not limited to, the lability assumed under the indemnification provisions of this Agreement, fully insuring Food Supplier’s liability for bodily injury (including death) and property
Type and Amounts. Mortgagor shall maintain or cause to be maintained, to promptly pay, on or before the same becoming due, all premiums relative to, shall provide Mortgagee with evidence of such coverages as Mortgage shall require with respect to, and shall name Mortgagee as an additional insured, loss payee and/or mortgagee, as appropriate, under, the following policies of insurance as and when required below, which must be carried with insurers approved by and acceptable to Mortgagee, in its sole discretion: such insurance policies as set forth in that certain Covenant and Disbursement Agreement by and between Mortgagor and Mortgagee. All policies of insurance required hereunder shall be satisfactory in form and substance to Mortgagee and shall be approved by Mortgagee as to amounts, form, risk coverage, deductibles, loss payees and insureds.
Type and Amounts