Maintaining Insurance. If the Contractor or its Subcontractors, Sub-Subcontractors or Suppliers who install Products fail to place or maintain insurance as required under GC 11.1.1.2, the Owner shall have the right, but is not obligated, to place and maintain insurance as required. All premiums and other costs incurred by the Owner will be paid by the Contractor to the Owner on demand, or failing payment may be deducted by the Owner from any amount then or thereafter due to the Contractor.
Maintaining Insurance. The Architect must maintain the same or better insurance coverage throughout the Project and the applicable tail-out period. Unless otherwise agreed in writing, the tail-out period for insurance coverage may not be less than two years from the date of Substantial Completion of the Project.
Maintaining Insurance. If Borrower fails to maintain any of the coverages described above, Lender may at its option obtain insurance coverage, which shall become additional debt of Borrower secured by this Trust Deed. Borrower acknowledges that the cost of the insurance coverage so obtained might significantly exceed the cost of insurance that Borrower could have obtained. Any amounts paid by Xxxxxx under this Section shall bear interest at the same rate as the Principal Amount in the Note.
Maintaining Insurance. Each JV Entity shall obtain and maintain, all insurance coverage as may be required by any applicable law, rule or regulation and such other insurance coverage as is determined by the Executive Board from time to time in accordance with the agreed RI Strategy. All insurances shall be placed with reputable underwriters, reinsured if applicable, having a financial strength reasonably satisfactory in all respects to the satisfaction of the Executive Board. All policies of insurance maintained by each JV Entity, shall contain a clause stating that they are primary to, and non-contributing with, any other policies of the relevant Shareholders.
Maintaining Insurance. If Tenant fails during the Term to maintain any insurance required to be maintained by Tenant under this Lease, then Landlord may, at its option and in addition to Landlord's other remedies in the event of default by Tenant, arrange for any such insurance, and Tenant shall reimburse Landlord for any premiums for any such insurance within five (5) business days after Tenant receives a copy of the premium notice. If such premiums are allocable to a period, a portion of which occurs during the Term and the remainder of which occurs before or after the Term, then such premiums shall be apportioned between Landlord and Tenant based upon the number of days during such period that occurred during the Term and the number of days that occurred before or after the Term, such that Tenant pays for the premiums that are allocable to the period during the Term. Insurance required to be maintained by Tenant under this Lease (i) shall be issued as a primary policy by insurance companies authorized to do business in the State of California with a Best's rating of a least "A" and a Best's financial size category rating of at least "VIII", as set forth in the most current edition of Best's insurance reports or such higher rating as may be required by Landlord's lender, (ii) shall name the Additional Insureds as additional named insureds, (iii) shall constitute "occurrence" based coverage, without provision for subsequent conversion to "claims" based coverage, and (iv) shall not be cancelable or subject to reduction of coverage or other modification except after thirty (30) days' prior written notice to Landlord and any lender. Tenant shall, at least thirty (30) days prior to the expiration of any such policy, furnish Landlord with a renewal or binder of such policy. Tenant shall, upon request from Landlord, promptly deliver to Landlord copies of such policy or policies or certificates evidencing the existence and amounts of such insurance together with evidence of payment of premiums. Any policy required to be maintained by Landlord or Tenant under this Lease may be maintained under a so-called "blanket policy" insuring other parties and/or other locations, so long as the amount of insurance and type of coverage required to be provided under this Lease is not thereby diminished, changed or adversely affected.
Maintaining Insurance. For the duration of this Contract, Law Firms shall provide and maintain, at their own expense, professional liability insurance covering all negligent acts, errors and omissions as well as insurance against claims for injuries to person or damages to property which may arise from or in connection with the performance of the work under this Contract, including general liability coverage, automobile liability coverage, and worker’s compensation insurance. The Law Firms’ professional liability insurance is intended to indemnify, subject to certain terms, exclusions and limitations, the Law Firms in respect of any claim made by its clients by reason of alleged Law Firm act, error or omission, breach of contract for professional services, breach of duty, libel or slander in connection with the representation of its clients, and related causes of action in connection with its representation of its clients. The Law Firms and their respective partners are also bound by the applicable rules of professional conduct and other legal, regulatory, and professional obligations. Proof of the Law Firms’ insurance shall be provided upon request to the Attorney General.
Maintaining Insurance. The Architect must maintain the same or better insurance coverage throughout the Project and the applicable tail-out period. The tail-out period for Architect’s professional liability coverage described in Section 2.5.6 may not be less than 4 years from the date of Substantial Completion of the Project. The tail-out period for all other insurance coverage may not be less than two years from the date of Substantial Completion of the Project. Except as otherwise set forth in this Section 2.5.11, if any of Architect’s required liability insurance is on a claims-made basis and does not include an extended reporting period of at least 24 months, then Architect shall maintain continuous claims made liability coverage, provided the effective date of the continuous claims made coverage is on or before the effective date of this Agreement, for a minimum of 24 months following the later of (a) Architect’s completion and Owner’s acceptance of all services required under this Agreement, (b) termination of this Agreement, or (c) the expiration of all warranty periods provided under this Agreement.
Maintaining Insurance. Each Party shall maintain insurance as described in paragraphs A through E below. All insurance shall be procured from insurance companies rated “A-,” VII or better by AM Best and approved to do business in a state or states in which the Interconnection Point(s) is located. Failure to maintain required insurance shall be a Breach of this Agreement. A. Workers’ Compensation insurance with statutory limits, as required by the state and/or jurisdiction in which the Interconnection Point(s) is located, and employer’s liability insurance with limits of not less than one million dollars ($1,000,000.00).
Maintaining Insurance. While County uses service assets subject to a liability insurance policy, such as automotive vehicles, Contractor will maintain in full force and effect all insurance (and any financial assurances related to self-insured retentions or increased deductibles) required under this Master Contract. By signing this Master Contract, Contractor will do all the following:
Maintaining Insurance. Each Party shall maintain insurance in such coverages and amounts as that Party deems customary and appropriate given the expected performance under this Agreement, including the interconnection of the Parties’ Transmission Systems and related risks and potential liabilities.
