Insurance required definition

Insurance required hereunder shall be in companies rate "A" or better in "Best's Insurance Guide." Tenant shall deliver to Landlord copies of policies of liability insurance required under Paragraph 15(a) or certificates evidencing the existence and amount of such insurance with loss payable clauses satisfactory to Landlord. No such policy shall be canceled or subject to reduction of coverage or other modification except after ten (10) days' prior written notice to Landlord. Tenant shall, within ten (10) days prior to the expiration of such policies, furnish Landlord with renewals or "binders" thereof, or Landlord may order such insurance and charge the cost thereof to Tenant, which amount shall be payable by Tenant upon demand. Tenant shall not do or permit to be done anything which shall invalidate the insurance policies referred to in Paragraphs 15(a) and (b).
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Insurance required under the provisions of Section 5.1.1 shall, in case of loss, be first payable to the holder(s) of any mortgages on the Premises under a standard mortgagee's clause. In the event provision for any such insurance is to be by a blanket insurance policy, the policy shall allocate a specific and sufficient amount of coverage to the Premises.
Sample 1
Insurance required. Liability. Not less than $1,000,000.00 Combined Single Limit Liability insurance, including bodily injury and death and property damage, naming Lessor as additional insured. Physical Damage. Not less than $700,000.00 All risk physical damage insurance, including loss by burglary, theft, and malicious mischief, Or full replacement value of the equipment, naming Lessor as loss payee. Other: N/A Stipulated Loss Factors: First Year 103.2069% Second Year 75.5369% Third Year 45.77257% *A "Lease Year" is a twelve-month period beginning on the Closing Date or on any anniversary thereof.
Sample 1

Examples of Insurance required in a sentence

  • Insurance required per the specifications governing this work must be provided prior to the contract starting date and kept in full effect and compliance during entire contract period.

  • Insurance required under subsection (1)(b) and (1)(c) above shall be considered primary as respects any other valid or collectible insurance that the City may possess, including any self-insured retentions the City may have; and any other insurance the City does possess shall be considered excess insurance only and shall not be required to contribute with this insurance.

  • Insurance required of the Contractor under the Contract shall include coverage for the acts and omissions of the Contractor’s employees and volunteers.

  • Insurance required under A.3 and A.4 above shall be considered primary as respects any other valid or collectible insurance that the City may possess, including any self-insured retentions the City may have; and any other insurance the City does possess shall be considered excess insurance only and shall not be required to contribute with this insurance.

  • In the event Contractor receives Notice of Cancellation of Insurance required pursuant to this Agreement, Contractor shall immediately cease performance of all services and shall provide Notice to Brunswick County’s Legal/Risk Management personnel within twenty-four (24) hours.

  • Insurance required herein shall not expire, be canceled, or be materially changed without 30 days’ prior written notice to the City.

  • Insurance required under A.3 above shall be considered primary as respects any other valid or collectible insurance that the City may possess, including any self- insured retentions the City may have; and any other insurance the City does possess shall be considered excess insurance only and shall not be required to contribute with this insurance.

  • Insurance required shall be in force until acceptance by the County of the entire completed work, and shall be written for not less than any limits of liability specified above.

  • Insurance required herein shall be by companies duly licensed or admitted to transact business in the state where the Premises are located, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, as set forth in the most current issue of "Best's Insurance Guide", or such other rating as may be required by a Lender.

  • Other Insurance required under law of regulations or by owner Contractor shall also carry and maintain any and all other insurance which may be required under any law or regulation from time to time.


More Definitions of Insurance required

Insurance required. Amount: Fee Waived: Department Approval: Date: Officer Approval: Date: Parks & Facility Reservation Form Form #215 Rev 10-2021 RESERVATIONS initials Anyone desiring use of a specific park area for a particular group must apply for a Park Reservation Permit. Park facilities are reserved on a first-requested, first-reserved basis, and requests should be made at least seven (7) days prior to the event. Applications for exclusive use of the entire park must be filed at least thirty (30) working days prior to the date of use. The adult (must be 18 years or older) signing the reservation form is the duly authorized representative for any and all damages, missing items and clean up. The user is required to clean up the area after use. initials Failure to comply with park regulations may result in the denial of the right to use City facilities in the future. FEES AND RESIDENCY initials In addition to the rental fee, a $50 refundable deposit is required for each reservation. This deposit will be refunded within 2 weeks of the rental if no damage was done, and the park area was cleaned up. Reservation fees are based on residency. A resident is defined as any person residing or organization located within the corporate limits of the City of Star. Individuals and/or organizations within the City of Star, but not within the corporate city limits, are considered non-residents and shall pay non-resident rates. Resident Fees Non-Resident Fees All Day Use $150.00 $255.00 (1/2 hr. before sunrise – ½ hr. after sunset) First four (4) hours $75.00 $120.00 Second four (4) hours $50.00 $85.00 Third four (4) hours INSURANCE $25.00 $50.00 Insurance may be requested naming the City of Star as additionally insured. The applicant will be required to have insurance forms before a permit is given. CANCELLATIONS – REFUND POLICY initials A refund can be made to applicants requesting such a refund when the event was cancelled due to rain- out (if a call received the next working day) or if the park reservation is cancelled by the applicant giving at least 5 days notice prior to the date reserved. EMERGENCY NUMBERS For an emergency at the park facilities contact the Police at 911. For problems with the reserved area contact City Hall during normal business hours. M- F 8 to 5 at 000-000-0000. Parks & Facility Reservation Form Form #215
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Insurance required. Insurance (Date Rec’d )
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Related to Insurance required

  • Insurance Requirements means, collectively, all provisions of the Insurance Policies, all requirements of the issuer of any of the Insurance Policies and all orders, rules, regulations and any other requirements of the National Board of Fire Underwriters (or any other body exercising similar functions) binding upon each Loan Party which is an owner of Mortgaged Property and applicable to the Mortgaged Property or any use or condition thereof.

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • Insurance Report means an insurance report in respect of the Insurances confirming that such Insurances are placed with such insurers, insurance companies and/or clubs in such amounts, against such risks and in such form as acceptable to the Agent (acting on the instructions from the Finance Parties) and comply with the requirements under Clause 26.3 (Insurance) and the GIEK Guarantee prepared by Bank Assure Insurance Services Inc., or such other reputable insurance advisor approved by the Agent, and dated on or about the date of this Agreement and addressed to, and capable of being relied upon by, the Finance Parties.

  • Insurance Rent the sums described in paragraph 1.1 of Schedule 4; “Insured Risks” the risks of fire (including subterranean fire), lightning, explosion, storm, flood, subsidence, landslip, heave, earthquake, burst or overflowing water pipes, tanks or apparatus, impact by aircraft or other aerial devices and any articles dropped from them, impact by vehicles, terrorism, riot, civil commotion and malicious damage to the extent, in each case, that cover is generally available on normal commercial terms in the UK insurance market at the time the insurance is taken out, and any other risks against which the Landlord reasonably insures from time to time, subject in all cases to any excesses, limitations and exclusions imposed by the insurers;20

  • Hazard Insurance A fire and casualty extended coverage insurance policy insuring against loss or damage from fire and other perils covered within the scope of standard extended hazard coverage naming the Servicer, its successors and assigns, as a mortgagee under a standard mortgagee clause, together with all riders and endorsements thereto.

  • Insurance Coverage Contractor shall, at Contractor’s sole expense, procure, maintain and keep in force for the duration of this Contract the following insurance conforming to the minimum requirements specified below. Unless specified herein or otherwise agreed to by the City, the required insurance shall be in effect prior to the commencement of work by Contractor and shall continue in force as appropriate until the latter of:

  • Insurance Regulator means any Person charged with the administration, oversight or enforcement of any Insurance Regulation.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • Insurance score means a number or rating that is derived from an algorithm, computer application, model, or other process that is based in whole or in part on credit information for the purposes of predicting the future insurance loss exposure of a consumer.

  • Mortgage Impairment Insurance Policy A mortgage impairment or blanket hazard insurance policy as described in Section 4.11.

  • Insurance Cover means the aggregate of the maximum sums insured under the insurance taken out by the Contractor pursuant to Article 20, and includes all insurances required to be taken out by the Contractor under Clauses 20.1 and 20.9 but not actually taken, and when used in the context of any act or event, it shall mean the aggregate of the maximum sums insured and payable or deemed to be insured and payable in relation to such act or event;

  • Maintenance Requirements shall have the meaning set forth in Clause 14.2;

  • Blanket insurance policy means a group policy covering a defined class of

  • Property Insurance is defined in Section 6.10(a).

  • Hazard means a source of or exposure to danger;

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • FHA Mortgage Insurance Contract means the contractual obligation of the FHA respecting the insurance of a Mortgage Loan.

  • Insurance Schedule means Schedule 3 attached hereto.

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

  • Flood Insurance Regulations means (i) the National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (ii) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statue thereto, (iii) the National Flood Insurance Reform Act of 1994 (amending 42 USC 4001, et seq.), as the same may be amended or recodified from time to time, and (iv) the Flood Insurance Reform Act of 2004 and any regulations promulgated thereunder.

  • Environmental Insurance Policy means, with respect to any Mortgage Loan or the related Mortgaged Property or REO Property, any insurance policy covering pollution conditions and/or other environmental conditions that is maintained from time to time in respect of such Mortgage Loan, Mortgaged Property or REO Property, as the case may be, for the benefit of, among others, the Trustee on behalf of the Certificateholders.

  • Insurance Laws means all laws, rules and regulations applicable to the business of insurance and the regulation of insurance holding companies, whether domestic or foreign, and all applicable orders and directives of Governmental Authorities and market conduct recommendations resulting from market conduct examinations of Insurance Regulators.

  • Insurance Premiums shall have the meaning set forth in Section 6.1(b) hereof.

  • Flood Insurance Laws means, collectively, (i) the National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (ii) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statue thereto, (iii) the National Flood Insurance Reform Act of 1994 as now or hereafter in effect or any successor statute thereto and (iv) the Flood Insurance Reform Act of 2004 as now or hereafter in effect or any successor statute thereto.

  • FHA Mortgage Insurance means, mortgage insurance authorized under the National Housing Act, as amended from time to time, and provided by the FHA.