Member Insurance Sample Clauses

Member Insurance any members’ liability insurance placed by or for the benefit of the Member by the Member, the Company, an affiliate or any entity related to any of them; or
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Member Insurance. A Member may, purchase or arrange for insurance or a self-funded or self-insurance program to provide insurance coverage for the value of its Units in excess of or not covered by the insurance mandated pursuant to the Operating and Construction Management Agreement, the benefit of which may accrue to such Member with respect to such Units. If such insurance is purchased, each Member shall cooperate with the Operator to obtain reimbursement for insurance premium expenses incurred and directly resulting from this Section 12.03. The Management Committee shall annually review and approve the Company’s reimbursement of each Member’s incurred reasonable insurance premium expenses in accordance with Section 5.1 of the Operating and Construction Management Agreement. For purchased insurance or any other type of insurance or self-insurance arranged to cover such loss, each Member shall waive rights of recovery and shall cause its insurers to waive rights of subrogation in favor of the Company and its Subsidiaries, the Members and the Operator, as applicable, but only to the extent of the indemnification obligations herein or in the Operating and Construction Management Agreement. All insurance deductibles, retentions, self-insured fronting arrangements, self-insurance or similar program cost and expense applicable to such coverage shall be the sole responsibility of the Member obtaining such insurance. Each Member hereby agrees to make cash contributions to the Company pursuant to Section 5.02 in order to fund the costs of any claim or liability for which insurance proceeds are reasonably expected to be received from any such insurance policies maintained by a Member under this Section 12.03. Subject to the foregoing sentence, each Member also hereby agrees to contribute to the Company the proceeds of any such insurance policies upon receipt of such proceeds, to the extent such Member has not already made cash contributions to the Company pursuant to Section 5.02 in order to fund the costs of any claim or liability for which such insurance proceeds are received.
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Member Insurance. A Member may purchase or arrange for insurance or a self-funded or self-insurance program to provide insurance coverage for the value of its Units in excess of or not covered by the insurance maintained by the Company, the benefit of which may accrue to such Member with respect to such Units. For purchased insurance or any other type of insurance or self-insurance arranged to cover such loss, each Member shall waive rights of recovery and shall cause its insurers to waive rights of subrogation in favor of the Company and its Subsidiaries and the Members. All insurance deductibles, retentions, self-insured fronting arrangements, self-insurance or similar program cost and expense applicable to such coverage shall be the sole responsibility of the Member obtaining such insurance. Each Member hereby agrees to make cash contributions to the Company pursuant to Section 5.02 in order to fund the costs of any claim or liability for which insurance proceeds are reasonably expected to be received from any such insurance policies maintained by a Member under this Section 11.02. Subject to the foregoing sentence, each Member also hereby agrees to contribute to the Company the proceeds of any such insurance policies upon receipt of such proceeds, to the extent such Member has not already made cash contributions to the Company pursuant to Section 5.02 in order to fund the costs of any claim or liability for which such insurance proceeds are received.
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Member Insurance. You may be required to purchase renter or other liability insurance for losses or injuries due to theft, fire, water damage, pipe leaks and the like in an amount not less than $100,000. Failure to maintain the applicable insurance throughout your tenancy, including any renewal periods and/or lease extensions is an incurable breach of this Agreement and may result in the termination of tenancy and eviction and/or any other remedies as provided by this Agreement or applicable law. We encourage you to obtain personal insurance to cover damage to your property; particularly, those residing in coastal areas, areas near rivers, and areas prone to flooding in which appropriate and adequate flood insurance may be appropriate.0
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Related to Member Insurance

  • Sub-Adviser Insurance The Sub-Adviser agrees that it will maintain at its own expense an errors and omissions insurance policy with respect to the Sub-Adviser in a commercially reasonable amount based upon the amount of assets managed by the Sub-Adviser and commercial general liability insurance in a commercially reasonable amount. The foregoing policies shall be issued by insurance companies that maintain an A.M. Best rating of A- or higher, or are otherwise acceptable to the Adviser in its reasonable discretion. Any and all deductibles specified in the above-referenced insurance policies shall be assumed by the Sub-Adviser.

  • Group Insurance 38.01 The Group Insurance Plan presently in effect shall remain in effect during the term of this Agreement.

  • Key Person Insurance At any time during the Term, the Company shall have the right to insure the life of Executive for the Company’s sole benefit. The Company shall have the right to determine the amount of insurance and the type of policy. Executive shall reasonably cooperate with the Company in obtaining such insurance by submitting to physical examinations, by supplying all information reasonably required by any insurance carrier, and by executing all necessary documents reasonably required by any insurance carrier, provided that any information provided to an insurance company or broker shall not be provided to the Company without the prior written authorization of Executive. Executive shall incur no financial obligation by executing any required document, and shall have no interest in any such policy.

  • Property and Liability Insurance The Administrative Agent shall have received, in each case in form and substance reasonably satisfactory to the Administrative Agent, evidence of property, business interruption and liability insurance covering each Credit Party, evidence of payment of all insurance premiums for the current policy year of each policy (with appropriate endorsements naming the Administrative Agent as lender’s loss payee (and mortgagee, as applicable) on all policies for property hazard insurance and as additional insured on all policies for liability insurance), and if requested by the Administrative Agent, copies of such insurance policies.

  • R&W Insurance During the Interim Period, Acquiror may (but shall not be required to) obtain a buyer-side representations and warranties insurance policy with respect to the representations and warranties of the Company, in the name of and for the benefit of Pubco (the “R&W Policy”), which the Acquiror shall give the Company and its Representatives a reasonable opportunity to review and must be reasonably satisfactory to the Company. The Company will use commercially reasonable efforts to provide to Acquiror, during the Interim Period, reasonable assistance as is reasonably required so as to permit the binding and issuance of the R&W Policy at or prior to the Closing, including the execution and delivery of such no-claims declarations as is reasonably necessary (with such exceptions as deemed necessary by the Company) in connection with the issuance of the R&W Policy; provided that any such no-claims declaration given by an officer of the Company shall only be required to be given in such individuals’ capacity as an officer of the Company, and not in any individual capacity; provided further that the failure to deliver any no-claims declaration or breach of the covenants set forth in this Section 7.09, shall not constitute a failure of the condition set forth in Section 10.02(b) to be satisfied. If obtained by Acquiror, the R&W Policy shall provide that (i) the insurer or a Person claiming through the insurer shall have no, and shall waive and not pursue any and all, subrogation rights against the Company (including any successor entities) or any of its (including any successor entities) Affiliates (including any Pre-Closing Holder) with respect to any claim made by any insured thereunder (except against such Person to the extent a claim is paid by the insurer under the R&W Policy as a direct result of such Person’s Fraud); (ii) the Company (including any successor entities) is a third-party beneficiary of such waiver with the express right to enforce such waiver; and (iii) no Person shall amend the R&W Policy in a manner adverse to the Company (including any successor entities) or any of its Affiliates (including any Pre-Closing Holder) (including, for the avoidance of doubt, to provide that the insurer or any other Person may bring a claim against the Company (including any successor entity) or its Affiliates (including any Pre-Closing Holder) by way of subrogation (except as a direct result of such Person’s Fraud)), without the Company’s prior written consent. All reasonable and documented out-of-pocket costs and expenses incurred by Acquiror and the Company in obtaining the R&W Policy, including all premiums, brokers fees, and related costs, shall be treated as Acquiror Transaction Expenses.

  • Director and Officer Insurance The Company will use its best efforts to maintain in full force and effect director and officer liability insurance of not less than $5,000,000 on the terms as determined by the Board.

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • 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.

  • Manager's Insurance Manager shall, on its own behalf and at its sole ------------------- cost and expense, procure and maintain in force during the term of this Agreement policies in the following categories in the amount indicated:

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