Insurance on Equipment Sample Clauses

Insurance on Equipment. For any Datapath Equipment located at a Customer location, Customer shall maintain special form insurance against loss, theft or damage, in an amount not less than the new replacement value of the Datapath Equipment. Customer shall name Datapath as an additional insured/loss payee by policy endorsement. Customer shall deliver written evidence of such insurance satisfactory to Datapath prior to delivery of Datapath Equipment to Customer’s location and thereafter within thirty (30) days of request. If Customer fails to obtain or maintain such insurance, Datapath will have the right, but not the obligation, to obtain insurance in such forms and amounts as Datapath deems reasonable to protect Datapath’s interests, and the expense for said insurance shall be paid by Customer on demand by Datapath. Datapath will discontinue such insurance (and refund to Customer any premiums refunded to Datapath) when Customer provides satisfactory evidence of the insurance required hereunder. For any Customer-owned equipment located at any Datapath location, Customer shall maintain special form insurance against loss, theft, or damage, in an amount not less than such equipment’s new replacement value. Customer shall assume all risk of loss to Customer-owned equipment at any Datapath location.
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Insurance on Equipment. No insurance covering the Equipment shall be attached to the sale of the Equipment. Purchaser shall place its own insurance at its own discretion.
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Insurance on Equipment. For any TekLinks Equipment located at a Customer location, Customer shall maintain special form insurance against loss, theft or damage, in an amount not less than the new replacement value of the TekLinks Equipment. Customer shall name TekLinks as an additional insured/loss payee by policy endorsement. Customer shall deliver written evidence of such insurance satisfactory to TekLinks prior to delivery of TekLinks Equipment to Customer’s location and thereafter within thirty (30) days of request. If Customer fails to obtain or maintain such insurance, TekLinks will have the right, but not the obligation, to obtain insurance in such forms and amounts as TekLinks deems reasonable to protect TekLinks’ interests, and the expense for said insurance shall be paid by Customer on demand by TekLinks. TekLinks will discontinue such insurance (and refund to Customer any premiums refunded to TekLinks) when Customer provides satisfactory evidence of the insurance required hereunder. For any Customer-owned equipment located at any TekLinks location, Customer shall maintain special form insurance against loss, theft, or damage, in an amount not less than such equipment’s new replacement value. Customer shall bear all risk of loss to Customer-owned equipment at any TekLinks location.
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Insurance on Equipment. The Company shall provide to each Purchaser within 30 calendar days of the date each item of Equipment is purchased, evidence of the compliance by the Company with the requirements of Section 4(n) of the Security Agreement with respect to that Equipment.
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Insurance on Equipment. For any Bright Bear Technology Solutions Equipment located at a Customer location, Customer shall maintain special form insurance against loss, theft or damage, in an amount not less than the new replacement value of the Bright Bear Technology Solutions Equipment. Customer shall name Bright Bear Technology Solutions as an additional insured/loss payee by policy endorsement. Customer shall deliver written evidence of such insurance satisfactory to Bright Bear Technology Solutions prior to delivery of Bright Bear Technology Solutions Equipment to Customer’s location and thereafter within thirty (30) days of request. If Customer fails to obtain or maintain such insurance, Bright Bear Technology Solutions will have the right, but not the obligation, to obtain insurance in such forms and amounts as Bright Bear Technology Solutions deems reasonable to protect Bright Bear Technology Solutions’ interests, and the expense for said insurance shall be paid by Customer on demand by Bright Bear Technology Solutions. Bright Bear Technology Solutions will discontinue such insurance (and refund to Customer any premiums refunded to Bright Bear Technology Solutions) when Customer provides satisfactory evidence of the insurance required hereunder. For any Customer-owned equipment located at any Bright Bear Technology Solutions location, Customer shall maintain special form insurance against loss, theft, or damage, in an amount not less than such equipment’s new replacement value. Customer shall bear all risk of loss to Customer-owned equipment at any Bright Bear Technology Solutions location.
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Insurance on Equipment. For any SHDT Equipment located at a Customer location, Customer shall maintain special form insurance against loss, theft or damage, in an amount not less than the new replacement value of the SHDT Equipment. Customer shall name SHDT as an additional insured/loss payee by policy endorsement. Customer shall deliver written evidence of such insurance satisfactory to SHDT prior to delivery of SHDT Equipment to Customer’s location and thereafter within thirty (30) days of request. If Customer fails to obtain or maintain such insurance, SHDT will have the right, but not the obligation, to obtain insurance in such forms and amounts as SHDT deems reasonable to protect SHDT’s interests, and the expense for said insurance shall be paid by Customer on demand by SHDT. SHDT will discontinue such insurance (and refund to Customer any premiums refunded to SHDT) when Customer provides satisfactory evidence of the insurance required hereunder. For any Customer-owned equipment located at any SHDT location, Customer shall maintain special form insurance against loss, theft, or damage, in an amount not less than such equipment’s new replacement value. Customer shall bear all risk of loss to Customer-owned equipment at any SHDT location. FORCE MAJEURE Neither party will be liable for any delay or failure in performance under this Agreement or any Quote due to any cause that is beyond its reasonable control and for which it is without fault or negligence, including, but not limited to, acts of God, acts of civil or military authority, government regulations, embargoes, epidemics, war, terrorist acts, riots, insurrections, fires, explosions, earthquakes, nuclear accidents, floods, cable cuts, power blackouts affecting facilities other than facilities of a kind commonly protected by redundant power systems, unless such redundant power systems are also affected by such condition, unusually severe weather conditions, fuel or energy shortages, inability to secure products or services of other persons or transportation facilities, acts or omissions of transportation common carriers, other causes beyond a party’s reasonable control, whether or not similar to the foregoing (collectively, “Force Majeure Events”). Upon the occurrence of a Force Majeure Event, the party whose performance is affected shall give written notice to the other party describing the Force Majeure Event, and the parties shall promptly confer, in good faith, to agree upon equitable, reasonable action to minimize t...
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Insurance on Equipment. Customer shall maintain adequate insurance on the Equipment to insure against damage to or loss of the Equipment.
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Related to Insurance on Equipment

  • Insurance; Damage to or Destruction of Collateral (a) The Credit Parties shall, at their sole cost and expense, maintain the policies of insurance described on Disclosure Schedule (3.18) as in effect on the date hereof or otherwise in form and amounts and with insurers reasonably acceptable to Agent. Such policies of insurance (or the loss payable and additional insured endorsements delivered to Agent) shall contain provisions pursuant to which the insurer agrees to provide 30 days prior written notice to Agent in the event of any non-renewal, cancellation or amendment of any such insurance policy. If any Credit Party at any time or times hereafter shall fail to obtain or maintain any of the policies of insurance required above or to pay all premiums relating thereto, Agent may at any time or times thereafter obtain and maintain such policies of insurance and pay such premiums and take any other action with respect thereto that Agent deems advisable. Agent shall have no obligation to obtain insurance for any Credit Party or pay any premiums therefor. By doing so, Agent shall not be deemed to have waived any Default or Event of Default arising from any Credit Party's failure to maintain such insurance or pay any premiums therefor. All sums so disbursed, including reasonable attorneys' fees, court costs and other charges related thereto, shall be payable on demand by Borrower to Agent and shall be additional Obligations hereunder secured by the Collateral.

  • Maintenance of Property; Insurance (a) Keep all property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted and (b) maintain with financially sound and reputable insurance companies insurance on all its property in at least such amounts and against at least such risks (but including in any event public liability, product liability and business interruption) as are usually insured against in the same general area by companies engaged in the same or a similar business.

  • Personal Property Insurance Lessee shall obtain, at Lessee's sole cost and expense, a policy of fire and extended coverage insurance including coverage for direct physical loss special form, and a sprinkler leakage endorsement insuring the personal property of Lessee. The proceeds from any personal property damage policy shall be payable to Lessee. All insurance policies required in 6 C) and 6 D) above shall: (i) provide for a certificate of insurance evidencing the insurance required herein, being deposited with Lessor ten (10) days prior to the Commencement Date, and upon each renewal, such certificates shall be provided 15 days prior to the expiration date of such coverage, (ii) be in a form reasonably satisfactory to Lessor and shall provide the coverage required by Lessee in this Lease, (iii) be carried with companies with the a Best Rating of A minimum, (iv) specifically provide that such policies shall not be subject to cancellation or reduction of coverage, except after 30 days prior written notice to Lessor, (v) name Lessor, Lessor's lender, and any other party with an insurable interest in the Premises as additional insureds by endorsement to policy, and (vi) shall be primary. Lessee agrees to pay to Lessor, as additional Rent, on demand, the full cost of the insurance policies referenced in 6 A) and 6 B) above as evidenced as insurance xxxxxxxx to Lessor which shall be included in the CAC. If Lessee does not occupy the entire Premises, the insurance premiums shall be allocated to the portion of the Premises occupied by Lessee on a pro-rata square footage or other equitable basis, as determined by Lessor. It is agreed that Lessee's obligation under this paragraph shall be prorated to the reflect the Commencement Date and the end of the Lease Term. Lessor and Lessee hereby waive any rights each may have against the other related to any loss or damage caused to Lessor or Lessee as the case may be, or to the Premises or its contents, and which may arise from any risk covered by fire and extended coverage insurance and those risks required to be covered under Lessee's personal property insurance. The parties shall provide that their respective insurance policies insuring the property or the personal property include a waiver of any right of subrogation which said insurance company may have against Lessor or Lessee, as the case may be.

  • Aircraft Liability Insurance (i) Except as provided in clause (ii) of this subsection (a), and subject to the rights of Company to establish and maintain self-insurance in the manner and to the extent specified in Section 7.06(c), Company will carry, or cause to be carried, at no expense to Loan Trustee, aircraft liability insurance (including, but not limited to, bodily injury, personal injury and property damage liability, exclusive of manufacturer's product liability insurance) and contractual liability insurance with respect to the Aircraft (A) in amounts that are not less than the aircraft liability insurance applicable to similar aircraft and engines in Company's fleet on which Company carries insurance; provided that such liability insurance shall not be less than the amount certified in the insurance report delivered to Loan Trustee on the Closing Date, (B) of the type covering the same risks as from time to time applicable to aircraft operated by Company (or, if a Lease is then in effect, by the Permitted Lessee) of the same type as the Aircraft, and (C) that is maintained in effect with insurers of recognized responsibility. Any policies of insurance carried in accordance with this Section 7.06(a) and any policies taken out in substitution or replacement for any of such policies shall: (A) name Loan Trustee, Subordination Agent, each Pass Through Trustee, Policy Provider and Liquidity Provider as their Interests (as defined below in this Section 7.06) may appear, as additional insured (the "Additional Insureds"), (B) subject to the condition of clause (C) below, provide that, in respect of the interest of the Additional Insureds in such policies, the insurance shall not be invalidated by any action or inaction of Company and shall insure the Additional Insureds' Interests as they appear, regardless of any breach or violation of any warranty, declaration or condition contained in such policies by Company, (C) provide that, if such insurance is canceled for any reason whatever, or if any change is made in the policy that materially reduces the amount of insurance or the coverage certified in the insurance report delivered on the Closing Date to Loan Trustee, Policy Provider and Liquidity Provider, or if such insurance is allowed to lapse for nonpayment of premium, such cancellation, change or lapse shall not be effective as to any Additional Insured for 30 days (seven days, or such other period as is then generally available in the industry, in the case of any war risk or allied perils coverage) after receipt by such Additional Insured of written notice from such insurers of such cancellation, change or lapse, (D) provide that the Additional Insureds shall have no obligation or liability for premiums, commissions, assessments or calls in connection with such insurance, (E) provide that the insurers shall waive any rights of (1) set-off, counterclaim or any other deduction, whether by attachment or otherwise, in respect of any liability of the Additional Insureds to the extent of any moneys due to the Additional Insureds and (2) subrogation against the Additional Insureds to the extent that Company has waived its rights by its agreements to indemnify the Additional Insureds pursuant to the Operative Documents, (F) be primary without right of contribution from any other insurance carried by any Additional Insured with respect to its Interests as such in the Aircraft and (G) expressly provide that all of the provisions thereof, except the limits of liability, shall operate in the same manner as if there were a separate policy covering each insured. "Interests" as used in this Section 7.06(a) and in Section 7.06(b) with respect to any Person means the interests of such Person in the transactions contemplated by the Operative Documents. In the case of a lease or contract with any government in respect of the Aircraft or any Engine, or in the case of any requisition for use of the Aircraft or any Engine by any government, a valid agreement by such government to indemnify Company, or an insurance policy issued by such government, against any of the risks that Company is required to insure against hereunder shall be considered adequate insurance for purposes of this Section 7.06(a) to the extent of the risks (and in the amounts) that are the subject of such indemnification or insurance.

  • Liability Insurance - Lessor Lessor shall obtain and keep in force during the term of this Lease a policy of Combined Single Limit Bodily Injury and Broad Form Property Damage Insurance, plus coverage against such other risks Lessor deems advisable from time to time, insuring Lessor, but not Lessee, against liability arising out of the ownership, use, occupancy or maintenance of the Office Building Project in an amount not less than $5,000,000.00 per occurrence.

  • Fire and Casualty Insurance Developer shall obtain and keep in full force adequate fire and casualty insurance with coverage in an amount equal to the assessed value of such improvements. In the event of loss the Developer shall use the proceeds of such insurance to promptly reconstruct the damaged or lost improvements.

  • Maintenance of Casualty Insurance Grantor shall procure and maintain all risks insurance, including without limitation fire, theft and liability coverage together with such other insurance as Lender may require with respect to the Collateral, in form, amounts, coverages and basis reasonably acceptable to Lender and issued by a company or companies reasonably acceptable to Lender. Grantor, upon request of Lender, will deliver to Lender from time to time the policies or certificates of insurance in form satisfactory to Lender, including stipulations that coverages will not be cancelled or diminished without at least thirty (30) days' prior written notice to Lender and not including any disclaimer of the insurer's liability for failure to give such a notice. Each insurance policy also shall include an endorsement providing that coverage in favor of Lender will not be impaired in any way by any act, omission or default of Grantor or any other person. In connection with all policies covering assets in which Lender holds or is offered a security interest, Grantor will provide Lender with such loss payable or other endorsements as Lender may require. If Grantor at any time fails to obtain or maintain any insurance as required under this Agreement, Lender may (but shall not be obligated to) obtain such insurance as Lender deems appropriate, including if Lender so chooses "single interest insurance," which will cover only Lender's interest in the Collateral.

  • Liability Insurance - Lessee Lessee shall, at Lessee's expense, obtain and keep in force during the term of this Lease a policy of Combined Single Limit Bodily Injury and Property Damage Insurance insuring Lessee and Lessor against any liability arising out of the use, occupancy or maintenance of the Premises and all other areas appurtenant thereto. Such insurance shall be in an amount not less than $500,000 per occurrence. The policy shall insure performance by Lessee of the indemnity provisions of this Paragraph 8. The limits of said insurance shall not, however, limit the liability of Lessee hereunder.

  • Casualty Insurance The Lessor ☐ The Lessee ☐ The Parties (jointly) shall be responsible for obtaining and maintaining casualty insurance for the Premises for losses against fire.

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