Common use of Umbrella/Excess Insurance Clause in Contracts

Umbrella/Excess Insurance. An umbrella liability policy or excess liability policy having a limit of not less than Ten Million Dollars ($10,000,000.00), which policy shall be in "following form" and shall provide that if the underlying aggregate is exhausted, the excess coverage will drop down as primary insurance. Such umbrella liability policy or excess liability policy shall include coverage for additional insureds.

Appears in 2 contracts

Samples: Allos Therapeutics Inc, Office Lease (Allos Therapeutics)

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Umbrella/Excess Insurance. An umbrella liability policy or excess liability policy having a limit of not less than Ten Five Million Dollars ($10,000,000.005,000,000.00), which policy shall be in "following form" and shall provide that if the underlying aggregate is exhausted, the excess coverage will drop down as primary insurance. Such umbrella liability policy or excess liability policy shall include coverage for additional insureds.

Appears in 1 contract

Samples: Multi Tenant Industrial Triple Net Lease (Thorne Healthtech, Inc.)

Umbrella/Excess Insurance. An umbrella liability policy or excess liability policy having a limit of not less than Ten Million Dollars ($10,000,000.00)5,000,000.00, which policy shall be in "following form" and shall provide that if the underlying aggregate is exhausted, the excess coverage will drop down as primary insurance. Such umbrella liability policy or excess liability policy shall include coverage for additional insureds.. ​

Appears in 1 contract

Samples: Lease (AeroVironment Inc)

Umbrella/Excess Insurance. An umbrella liability policy or excess liability policy having a limit of not less than Ten Million Dollars ($10,000,000.00)3,000,000.00, which policy shall be in "following form" and shall provide that if the underlying aggregate is exhausted, the excess coverage will drop down as primary insurance. Such umbrella liability policy or excess liability policy shall include coverage for additional insureds.

Appears in 1 contract

Samples: Attornment and Non Disturbance Agreement (Prelude Therapeutics Inc)

Umbrella/Excess Insurance. An umbrella liability policy or excess liability policy having a limit of not less than Ten Five Million Dollars ($10,000,000.005,000,000.00), which policy shall be in "following form" and shall provide that if the underlying aggregate is exhausted, the excess coverage will drop down as primary insurance. Such umbrella liability policy or excess liability policy shall include coverage for additional insureds.

Appears in 1 contract

Samples: Multi Tenant Industrial Triple Net Lease (Miromatrix Medical Inc.)

Umbrella/Excess Insurance. An umbrella liability policy or excess liability policy having a limit of not less than Ten Five Million Dollars ($10,000,000.00)5,000,000.00) per occurrence and Five Million Dollars ($5,000,000.00) aggregate, which policy shall be in "following form" and shall provide that if the underlying aggregate is exhausted, the excess coverage will drop down as primary insurance. Such umbrella liability policy or excess liability policy shall include coverage for additional insureds.

Appears in 1 contract

Samples: Pfsweb Inc

Umbrella/Excess Insurance. An umbrella liability policy or excess liability policy having a limit of not less than Ten Million Dollars ($10,000,000.00)5,000,000.00, which policy shall be in "following form" and shall provide that if the underlying aggregate is exhausted, the excess coverage will drop down as primary insurance. Such umbrella liability policy or excess liability policy shall include coverage for additional insuredsinsureds as required by written contract.

Appears in 1 contract

Samples: Lease (Repro Med Systems Inc)

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Umbrella/Excess Insurance. An umbrella liability policy or excess liability policy having a limit of not less than Ten Five Million Dollars ($10,000,000.005,000,000.00), which policy shall be in "following form" and shall provide that if the underlying aggregate is exhausted, the excess coverage will drop down as primary insurance. Such umbrella liability policy or excess liability policy shall include coverage for additional insureds.

Appears in 1 contract

Samples: Multi Tenant Industrial Triple Net Lease (Chardan NexTech Acquisition 2 Corp.)

Umbrella/Excess Insurance. An umbrella liability policy or excess liability policy having a limit of not less than Ten Five Million Dollars ($10,000,000.005,000,000.00), which policy shall be in "following form" and shall provide that if the underlying aggregate is exhausted, the excess coverage will drop down as primary insurance. Such umbrella liability policy or excess liability policy shall include coverage for additional insureds.. ​

Appears in 1 contract

Samples: Industrial Triple Net Lease (Chardan NexTech Acquisition 2 Corp.)

Umbrella/Excess Insurance. An umbrella liability policy or excess liability policy having a limit of not less than Ten Five Million Dollars ($10,000,000.005,000,000.00), which policy shall be in "following form" and shall provide that if the underlying aggregate is exhausted, the excess coverage will drop down as primary insurance. Such umbrella liability policy or excess liability policy shall include coverage for additional insureds.

Appears in 1 contract

Samples: Single Tenant Industrial Triple Net Lease (Velo3D, Inc.)

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