Claims Made Insurance. If any liability insurance specified above shall be provided on a claims-made basis then, in addition to coverage requirements above, such policy shall provide that:
Claims Made Insurance. If any liability insurance specified above, other than Railroad Protective Liability insurance, is written on a claims-made basis, then in addition to the coverage requirements above, such policy shall provide that:
Claims Made Insurance. If the insurance required under this section is procured on a form affording “claims-made” coverage, then (i) all limits stated above as “per occurrence” shall be understood to mean “per claim” or “per occurrence,” as is consistent with the terms of the “claims-made” policy; and,
Claims Made Insurance. If the Professional Liability coverage is “claims made’, Tenant must, for a period of eighteen (18) months after the construction completion date, maintain insurance with a retroactive date that is on or before the construction start date OR purchase an extended reporting endorsement (tail coverage).
Claims Made Insurance. If the insurance required under this Section is procured on a form affording “claims-made” coverage, then (i) all limits stated above as “per occurrence” shall be understood to mean “per claim” or “per occurrence,” as is consistent with the terms of the “claims-made” policy; and, (ii) such claims- made insurance shall not provide for a retroactive date later than the commencement of the contractor’s performance under this Agreement. All insurance as required by this section shall be primary to any other insurance coverage purchased and shall be issued by an insurer authorized to do business in the State of Texas having an A. M. Best’s Rating of not less than “A- VII.”
Claims Made Insurance. Insurance written on a “claims made” basis is to be renewed by the Program Facility for a period of three (3) years following termination of this Agreement. Such insurance must have the same coverage and limits as the policy that was in effect during the term of this agreement, and will cover the Program Facility for all claims made.
Claims Made Insurance. At or prior to the Closing, the Company shall purchase tail insurance for each policy set forth on Section 6.6 of the Disclosure Schedule, on the terms set forth in such Schedule. Buyer shall, and shall cause the Company to, (i) upon the request of the Member Representative, make any claim for coverage under any such policy and take any action reasonably requested by the Member Representative to obtain reimbursement for covered losses under any such policy or to otherwise enforce any such policy or any provision thereof, (ii) promptly inform the Member Representative of any communication received by Buyer or the Company from, or given by Buyer or the Company to, any Person issuing any such insurance policy, (iii) permit the Member Representative to review any written communication from any such insurance provider and permit the Member Representative to review, before submission, any written communication to such insurance provider, (iv) consult with the Member Representative in advance of any meeting or conference with such insurance provider and, to the extent permitted by such insurance provider, give the Member Representative the opportunity to attend and participate, (v) upon the Member Representative’s request, promptly furnish to the Member Representative certificates of insurance evidencing such policy and (vi) not agree to settle or compromise any claim under such policy without the Member Representative’s prior written consent.
Claims Made Insurance. For a period following six (6) years following the Closing, the Mosaic Entities shall maintain the existing insurance policies identified on Section 7.16 of the Mosaic Disclosure Schedules, with the Subject Companies continuing to be insureds (or additional insureds) under such policies; provided, that the Mosaic Entities may at any time obtain an extended reporting period tail insurance endorsement for such insurance policies for the balance of such six (6) year period.
Claims Made Insurance. Prior to the Closing, Seller and the Company will cooperate with Buyer in all reasonable respects in Buyer’s attempts to purchase, at Buyer’s expense and having terms and conditions reasonably acceptable to Buyer, a tail policy in the Company’s name for each of the insurance policies identified on Schedule 6.3(a), with the cost of the premiums for such policies to be split evenly between Seller and Buyer, except that Seller’s portion of such cost of such premiums will not exceed $75,000.
