Procurement of Insurance. Without limiting LICENSEE's liability under the indemnity provisions hereof, during the term of this Agreement, and for three (3) years following the date of expiration or termination hereof, LICENSEE shall maintain with reputable insurance companies reasonably satisfactory to GUESS comprehensive general liability insurance in the amount of at least US$5,000,000.00 (US$3,000,000.00 single limit per occurrence) plus defense costs. This insurance shall include broad form blanket contractual liability; contractor's protective; workers' compensation; products liability and completed operations liability; advertising injury, cross liability; special form "all risk" blanket property coverage (including earthquake and flood protection) at replacement cost; selling price or evidence of business interruption coverage of gross revenues for six (6) months; brands and labels clause (with no salvage); an endorsement stating that GUESS shall receive at least thirty (30) days written notice prior to modification, cancellation or non-renewal of coverage; an endorsement naming GUESS?, Inc., and all subsidiaries and affiliates as additional insureds; an endorsement stating that the insurance shall be primary and not contributory as to GUESS; and a waiver of subrogation in favor of GUESS. During the term of this Agreement, LICENSEE may not engage in the manufacture, sale or promotion of any Product unless the required insurance coverage is in full force and effect.
Procurement of Insurance by Consultant shall not be construed as a limitation of Consultant’s liability or as full performance of Consultant’s duties to indemnify, hold harmless and defend under Section 10 of this Agreement.
Procurement of Insurance. The Manager shall take out and shall maintain on behalf of and in agreement with the Owner (as an Operating Expense), at all times from the Effective Date, and throughout the continuance of this Agreement, under such insurance policies issued by such insurers as the Owner and the Manager shall agree, adequate insurance coverage in relation to the Resort and the related facilities (with Manager’s interest noted thereon, save with respect to the general public liability policy, in respect of which the Manager shall be named as an additional insured) and their operation against risks mutually agreed by the Manager and the Owner. Such insurances shall be reviewed by Manager annually and may include, without limitation, property (including windstorm and flooding insurance), commercial general liability, umbrella and excess liability, general public, automobile, appropriate workers’ compensation, business interruption, terrorism, employment practice liability and such other insurance (including fidelity/crime coverage and employment practices liability) against other insurable risks which, at the time, are commonly insured against by owners of similar resort premises in the Resort’s market area, with due regard being or to be given to the then existing circumstances and to the type, construction, design, use and occupancy of the Resort. The Manager and the Owner shall agree the level and the adequacy of all insurance and the insurance companies by which all insurance policies shall be written
Procurement of Insurance. The Trustees are expressly authorized to negotiate for, obtain and maintain policies of group life, group accident, group health and group disability insurance (including group hospital, medical and surgical insurance), or such other insurance coverage as may be determined by the Trustees, for the payment to eligible Participants and Beneficiaries, by an insurance company or companies licensed to transact business in the State of Illinois of such benefits as now or hereafter may be authorized or permitted by law and as the Trustees may, from time to time, determine. Such policies of insurance shall be in such forms and in such amounts and may contain such provisions and be subject to such limitations and conditions as the Trustees, in their sole discretion, may from time to time determine and shall cover such Participants and Beneficiaries as the Trustees, pursuant to the provisions hereof, shall from time to time determine eligibility for benefits as herein provided. The Trustees may exercise all rights and privileges granted to the policyholder by the provisions of each contract or policy of insurance, and may agree with the insurance carrier to any alteration, modification or amendment of such contract or policy, and may take any action respecting each such contract or policy, and the insurance provided thereunder, which they, in their sole discretion, may deem necessary or advisable and such insurance carrier shall not be required to inquire into the authority of the Trustees with regard to any dealings in connection with such contract or policy. The Trustees are expressly authorized, by unanimous vote, to establish and maintain a plan or plans to provide any and all of the health and welfare benefits, as the Trustees in their sole discretion may determine, directly out of the Trust Fund in accordance and upon compliance with Section 5.1(e) of this Article, in lieu of, or in combination with, coverage provided by an insurance carrier or carriers.
Procurement of Insurance. Except with regard to directors and officers liability insurance, Louisville shall maintain in force, for the benefit of Louisville and IMEA as their interests in Xxxxxxx County Unit 1, Xxxxxxx County General Plant Facilities, and the Xxxxxxx County Site shall appear, such available insurance and self-insurance as the Coordination Committee shall determine to be appropriate.
Procurement of Insurance. (a) The Company hereby agrees to procure immediately after the signing of this Agreement and at all times so long as the Facilities or any amount to be paid hereunder remain outstanding, insurance protection in respect of any properties (movable and/ or immovable) finance by the Bank with any licensed and reputable insurance providers/ insurers for its full replacement value or its full/ coverable/ insurance values as stated in other facility documentation under an all risk or comprehensive insurance/ insurance cover against loss or damage by fire, lightning, riot and strike, malicious damage, explosion and other relevant risks up to the replacement cost in the name of the Company with the interest in the insurance certificate and all future certificates vested in the name of the Bank as owner/ hirer and/ or loss payee (as the case may be).
Procurement of Insurance. The Supplier must procure at its cost at any time during the Term the following insurances effected by an insurer authorised to carry on insurance in New Zealand:
Procurement of Insurance. (a) Operator shall procure and maintain during the term of this Agreement, comprehensive public liability insurance in amount specified by Terra Tech and the Owner and fidelity bonds in amount specified by Terra Tech and the Owner covering all personnel of Operator. If Terra Tech or the Owner fails to specify any coverages or limits, Operator shall procure such insurance coverages and limits in its reasonable discretion.
Procurement of Insurance. Without limiting LICENSEE’s liability under the indemnity provisions hereof, during the term of this Agreement LICENSEE shall maintain with reputable insurance companies reasonably satisfactory to LICENSOR, comprehensive general liability insurance in the amount of at least **** including defense costs. Said policy shall cover any incidents that occur during the term of this Agreement, including any Renewal Term, regardless of whether the claim is made during the term of this Agreement or is made after the expiration or termination of this Agreement. During the term of this Agreement, LICENSEE may not engage in the manufacture, sale or promotion of any Licensed Product unless the required insurance coverage is in full force and effect.
Procurement of Insurance. At or prior to the Closing, Buyer shall procure, at Seller’s cost (subject to the proviso hereto), (collectively, the “Tail Insurance”) (a) professional liability tail insurance with minimum coverage of $30,000,000, with a deductible of $100,000 and for a minimum coverage period of three (3) years following the Closing, and (b) extended reporting period/run-off coverage for employment practices liability insurance, directors and officers liability insurance and fiduciary liability insurance with minimum coverages of $3,000,000, $10,000,000 and $5,000,000 respectively, and for a minimum coverage period of six (6) year; provided, that Seller shall not be required pursuant to this Section 7.14 to pay any premiums in excess of $235,000 in the aggregate for such insurance coverage. Following the Closing, Seller shall use its Best Efforts to cooperate with Buyer in accessing Seller’s historic occurrence-based insurance coverage applicable to the Acquired Companies; provided, that Buyer shall be responsible for all reasonable out-of-pocket costs and expenses (including attorneys’ fees and expenses) that Seller may incur in attempting to access such occurrence-based insurance coverage, unless and to the extent that any Buyer Indemnitee is entitled to be indemnified pursuant to Article IX of this Agreement for such costs and expenses (without taking into account any limitations or thresholds).
