Interim Insurance. [Intentionally omitted]
Interim Insurance. Each Cenac Company represents, warrants and agrees that (i) no insurance policy relating to the Purchased Operations or any Service Provider has, within the past six months, terminated or otherwise experienced any lapse in coverage, (ii) the Owner and its Affiliates are, as of the date hereof, named insureds under the Cenac Marine Policies, (iii) the Cenac Employer Policies include, as of the date hereof, “Alternate Employer” and “Borrowed Servant” endorsements in favor of the Owner and its Affiliates and (iv) that the Cenac Companies have and will waive and require the insurers under the Existing Cenac Policies to waive any right of subrogation or recovery against the Owner and its Affiliates. The Cenac Companies agree to carry or maintain or cause to be carried or maintained the Existing Cenac Policies (naming Owner and its Affiliates as insureds or alternate employer(s) or borrowed servant(s) and waiving subrogation as provided in the preceding sentence) until the expiration of the Interim Period. Material changes or cancellations of any Existing Cenac Policies during the Interim Period will be effective only after notice is received by the Cenac Companies from the applicable insurance company at least thirty (30) days in advance of any such change or cancellation, and the Cenac Companies agree to notify the Owner of any such change or cancellation within three (3) business days of the Cenac Companies’ receipt of notice from the applicable insurer. The insurance provided for in this Section 8.1 shall be primary insurance, and any other insurance maintained or caused to be maintained by the Owner or its Affiliates shall be excess and not contributory with such insurance. This Section 8.1 shall not be construed as a limitation on Owner’s ability to carry or maintain or cause to be carried or maintained during the Interim Period automobile liability or other insurance covering liabilities arising out of its ownership of the Purchased Operations or the Services performed by the Operators for the Owner under this Agreement.
Interim Insurance. 50 Section 12.02 Property and Operational Insurance.......................... 50 Section 12.03
Interim Insurance. Owner shall, at its expense, at all times during the period of construction, furnishing and equipping of the Inn, procure and maintain adequate property, general liability and automobile liability insurance (with limits and coverage to be mutually agreed upon) fully protecting Owner and Manager against loss or damage arising in connection with the preparation, construction, furnishing and equipping of the Inn and pre-opening activities. All policies required under this Section V shall include Manager as an additional insured. Owner shall deliver to Manager, upon execution of the Agreement, certificates of insurance with respect to all policies so procured and, in the case of insurance policies about to expire, shall deliver certificates with respect to the renewal thereof. All certificates of insurance provided for under this Section V shall, to the extent obtainable, state that the insurance shall not be cancelled or materially changed without at least thirty (30) days prior written notice to the certificate holder. Insurance premiums and any other costs or expenses with respect to the insurance required under this Section V shall be paid by Owner from its own funds and not as a Deduction.
Interim Insurance. 5 f. Flat Extra Premiums................................ 5
Interim Insurance. Premiums for reinsurance of interim insurance shall be determined by using the insured's attained age rate multiplied by the percentage shown in Schedule B for the second policy year for the fraction of a month covered.
Interim Insurance. 46 Section 12.02
Interim Insurance. The Seller agrees to continue to carry or maintain all insurance policies referenced in Section 3.18, including workers’ compensation, employer’s liability (such worker’s compensation and employer’s liability policies being the “Employer Policies”) and automobile liability policies, until the later of March 15, 2008 and the date on which the Seller has no employees. From and after the Closing, the Seller shall waive and require its insurers to waive any right of subrogation or recovery against Buyer and its Affiliates with respect to all such insurance policies. The Seller shall cause the Employer Policies to include “Alternate Employer” and “Borrowed Servant” endorsements in favor of Buyer and its Affiliates and shall cause Buyer and its Affiliates to be named as additional insureds on all other such policies, in each case from and after the Closing. Any other insurance maintained by Buyer or its Affiliates or Cenac Towing, Cenac Offshore or their Affiliates shall be excess and not contributory with any insurance provided for in this paragraph.
Interim Insurance. Owner shall, at its expense, at all times during the period of construction, furnishing and equipping of the Hotel, procure and maintain adequate public liability and indemnity and property insurance (with limits and coverage to be mutually agreed upon) protecting Owner and the Management Company against loss or damage arising in connection with the preparation, construction, furnishing and equipping of the Hotel and pre-opening activities.
Interim Insurance. 50 12.02 Property and Operational Insurance------------ 50 12.03 General Insurance Provisions------------------ 52 12.04 Cost and Expense------------------------------ 54 12.05 Owner's Option to Obtain Certain Insurance---- 55 ARTICLE XIII - TAXES --------------------
