Examples of Insured Contract in a sentence
Coverage to include:• Premises and Operations• Personal Injury/Advertising Injury• Products/Completed Operations• Liability assumed under an Insured Contract (including tort liability of another assumed in a business contract)• Independent ContractorsLimits Required: The selected Vendor(s) shall carry the following limits of liability: Minimum Insurance Requirements.
Any legislative action or administrative action or omission of the Buyer's Country which has the effect of depriving the Policyholder of its ownership or control of any Goods sold under an Insured Contract or of any benefit relating to such Goods.
Without limitation, reasonable steps shall include those same steps the Policyholder would take for a similar uninsured obligation of the Buyer towards the Policyholder after the occurrence of an event that could give rise to a Loss.Reasonable steps may include, inter alia, not effecting further shipment of Goods to the Buyer, or otherwise increasing the Policyholder’s exposure to the Buyer under the Insured Shipment or Insured Contract.
Failure or refusal of the Guarantor to fulfil any of its obligations under a guarantee of payment issued by the Guarantor in respect of the Insured Contract.
For Commercial General Liability, the policies must provide the following: 1.13.13.1.1. That this Agreement is an Insured Contract under the policy;1.13.13.1.2. Defense costs are outside the limits of liability; 1.13.13.1.3. A severability of interests or separation of insuredsprovision (no insured vs.