Self-insure definition
Self-insure means any item of Equipment being subject to self-insurance by the Buyer as may be specified in the relevant Equipment Order Form;
Self-insure means to assume primary liability or responsibility for certain risks or benefits, rather than transferring liability or responsibility to some other entity.
Self-insure means that Company is itself acting as though it were the third- party insurer providing the insurance required under the provisions of this Agreement, and Company shall pay any amounts due in lieu of insurance proceeds because of self-insurance, which amounts shall be treated as insurance proceeds for all purposes under this Agreement. To the extent Company chooses to provide any insurance required by this Agreement by “self-insurance,” then Company shall have all of the obligations and liabilities of an insurer, and the protection afforded the Aviation Authority shall be the same as if provided by a third-party insurer under the coverage required under this Agreement. In the event that Company elects to self-insure and an event or claim occurs for which a defense and/or coverage would have been available from a third-party insurer, Company shall undertake the defense of any such claim, including a defense of the Aviation Authority, at Company’s sole cost and expense, and use its own funds to pay any claim or replace any property or otherwise provide the funding which would have been available from insurance proceeds but for such election by Company to self-insure. Any such self-insurance shall be required to provide “first dollar” coverage.
More Definitions of Self-insure
Self-insure means that Tenant is itself acting as though it were the insurance company providing the insurance required under the provisions hereof and Tenant shall pay any amounts due in lieu of insurance proceeds because of self-insurance, which amounts shall be treated as insurance proceeds for all purposes under this Lease.
Self-insure means that the party is itself acting as though it were the insurance company providing the insurance required under the provisions of this Lease and such party will pay any amounts due in lieu of insurance proceeds which would have been payable if the insurance policies had been carried, which amounts are treated as insurance proceeds for all purposes under this Lease. If either party elects to Self-Insure, all amounts which such party pays or is required to pay and all loss or damages resulting from risks for which such party has elected to Self-insure are subject to the waiver of subrogation provisions of Section 7.03 below. In the event that a party elects to Self-insure and an event or claim occurs for which a defense and/or coverage would have been available from the insurance company, such Self-insured party agrees to (a) undertake the defense of any such claim, including a defense of the other party, at the Self-insured party’s sole cost and expense, and (b) use its own funds to pay any claim or replace property or otherwise provide the funding which would have been available from insurance proceeds but for such election by Landlord to Self-insure.
Self-insure means that (i) Landlord has agreed to act in all respects as (and to be fully liable 16 and responsible as) the insurance company that would otherwise be providing the insurance Landlord is 17 required to have in effect pursuant to the terms of this Lease, (ii) Landlord shall pay any amounts due in 18 lieu of insurance proceeds because of self-insurance, which amounts shall be treated as insurance
Self-insure means that Tenant is itself acting as though it were the insurance company providing the insurance required under the foregoing provisions hereof, and that if an event or claim occurs for which a defense and/or coverage would have been available from the insurance company, Tenant shall: (a) undertake the defense of any such claim, including a defense of each Indemnified Party which is a defendant, at Tenant's sole cost and expense, and (b) use its own funds to pay any claim or replace any property or otherwise provide the funding which would have been available from insurance proceeds but for such election by Tenant to self-insure, which amounts shall be treated as insurance proceeds for all purposes under this Lease. If Tenant elects to self-insure, Tenant shall provide Landlord and First Mortgagee with certificates of self-insurance specifying the extent of self-insurance coverage hereunder and containing a waiver of subrogation provision in accordance with Section 20(b). Any self-insurance coverage provided by Tenant shall be for the benefit of Tenant, Landlord and First Mortgagee, in accordance with Sections 20(a) and (b), and shall name any First Mortgagee under a standard, non-contributory, first mortgagee provision. Loss or damage payable under any self-insurance shall not be invalidated by (A) any act, omission, default or negligence of any Indemnified Party, (B) any foreclosure, deed in lieu of foreclosure, or other proceedings relating to the sale or other transfer of the Premises, (C) any change in the title or ownership of the Premises or, (D) the occupation of the Premises for purposes more hazardous than are permitted by this Lease. All amounts which Tenant pays or is required to pay and all loss or damages resulting from risks for which Tenant has elected to self-insure shall be subject to the waiver of subrogation provisions of Section 20(b) hereof and shall not limit Tenant's indemnification obligations set forth in Section 14 hereof. Tenant's right to self-insure and to continue to self-insure is conditioned upon (A) all arrangements among Tenant, its affiliates, and/or any third-party, relating to administration of Tenant's self-insurance program being reasonably satisfactory to Landlord and any First Mortgagee and, further, upon (B) the Reporting Person (as defined below)
Self-insure means that Tenant is itself acting as though it were the insurance company providing the insurance required under the provisions hereof and Tenant shall pay any amounts due in lieu of insurance proceeds which would have been payable if the insurance policies had been carried, which amounts shall be treated as insurance proceeds for all purposes under this Lease.
Self-insure means that Tenant is itself acting as though it were the insurance company providing the insurance required under the provisions hereof and Tenant shall pay any amounts due in lieu of insurance proceeds because of self-insurance, which amounts shall be treated as insurance proceeds for all purposes under this Lease. Without limiting the generality of the foregoing, for purposes of the waivers set forth in Paragraph of this Lease, all loss or damages resulting from risks for which Tenant has elected to self-insure shall be deemed to have been covered by insurance carried by Tenant.
Self-insure means that Landlord is itself acting as though it were the insurance company providing the insurance required under the provisions hereof, and Landlord shall pay amounts due in lieu of insurance proceeds because of self-insurance which amounts shall be treated as insurance proceeds for all purposes under this Lease. In the event that Landlord elects to Self-Insure, and an event or claim occurs for which a defense and/or coverage would have been available from an insurance company, with respect to a loss or damage which Landlord would otherwise be required to insure against as provided above, Landlord shall (i) undertake the defense of any such claim, including a defense of Tenant, at Landlord’s sole cost and expense, and (ii) use its own funds to pay any claim or replace any property or otherwise provide the funding which would have been available from insurance proceeds but for such election by Landlord to Self-Insure.