Insurance and Indemnity definition

Insurance and Indemnity. Lessee shall at all times maintain lessor as an additional insured at no extra cost to lessor, on all liability and umbrella insurance policies which it maintains for the benefit of these premises and furnish lessor with certificate(s) of insurance showing such coverage. Lessee shall maintain no less that $1,000,000 of such public liability policies at all times for the leased premises and for any and all work performed thereon, with lessor as an additional insured at all times on all such policies. Lessee shall be fully liable for al injuries suffered on premises by its employees, customers, visitors, or others. Building Operating Costs: Utilities Lessee to pay all utilities expenses for all its leased space including all electric, heat, air conditioning, telephone, gas and any other utilities used on or about the leased premises. Lessor will provide a separate meter for the bank branch leased space. Cleaning Lessor will be responsible for cleaning the contiguous 1,300 square foot area. Lessee will be responsible for all cleaning and janitorial expenses in the Bank space.
Sample 1
Insurance and Indemnity. Lessee's Insurance. Lessee, at its sole cost and expense, shall obtain and maintain in effect as long as this Lease remains in effect and during such other time as Lessee occupies the Premises or any part thereof, insurance policies providing at least the following coverages: General Liability Insurance, in occurrence form, insuring Lessee against any and all liability for injury to or death of a person or persons, and for damage to or destruction of property, occasioned by or arising out of or in connection with the use or occupancy of the Premises or the business operated by Lessee thereon, and including contractual liability coverage for Lessee's indemnity obligations under this Lease (other than those contained in Paragraph 18 hereof), to afford protection with a minimum combined single limit of liability of at least One Million Dollars ($1,000,000.00); and Workers Compensation and similar insurance offering statutory coverage and containing statutory limits and employer's liability insurance in form and amount deemed reasonable by Lessee in the exercise of its prudent business judgment. Such policies will be maintained in companies having a "General Policyholders Rating" of at least B plus as set forth in the most current issue of "Best's Insurance Guide," and will be written as primary policy coverage and not contributing with, or in excess of, any coverage which Lessor shall carry. Lessee shall deposit certificates of such required insurance with Lessor prior to the earlier to occur of (x) the Commencement Date of this Lease, or (y) shall not be canceled or materially altered except after thirty (30) days' written notice to Lessor. Lessee shall have the right to provide the coverages required herein under blanket policies provided that the coverage afforded shall not be diminished by reason thereof.
Sample 1

Examples of Insurance and Indemnity in a sentence

  • Insurance and Indemnity requirements shall conform to those stated in the specifications.

  • The provisions in Articles 1 (Definitions and Interpretation) and 5 (Repayment and Recovery of Funding), sections 8.7 (Confidential Information), 8.8 (Required Disclosure), 8.9 (Document Retention and Record Maintenance), 8.10 (Final Reports), and Articles 12 (Insurance and Indemnity), 14 (Notices) and 15 (Additional Provisions) will continue in full force and effect for a period of seven years from the date this Agreement ceases to be in effect, whether due to expiry or otherwise.

  • No amendment to this Contract shall be made except upon the written consent of the parties.3. Insurance and Indemnity requirements shall conform to those stated in the specifications.4. Contractor shall be paid an amount based on the attached Exhibit A:5.

  • The Contractor agrees to hold the SCRBHO harmless, pursuant to the Insurance and Indemnity Section of this Agreement, for all liabilities, claims or suits associated with said property.

  • The Contractor agrees to hold the CSHCD SCRBH harmless, pursuant to the Insurance and Indemnity Section of this Agreement, for all liabilities, claims, or suits associated with said property.

  • It is expected by the Town that the Certificate(s) of Insurance will provide confirmation that all insurance requirements as stated under Section 4 Insurance and Indemnity have been met.

  • Broker may continue to receive Compensation after retirement as long as this Agreement is effective and Broker continues to comply with its obligations under this Agreement including without limitation Section 2.2 (Licenses) and the insurance requirements of Article 7 (Insurance and Indemnity).

  • The Veterans Insurance and Indemnity appropriation authorized by section 1919 of this title.

  • See attached "Insurance and Indemnity Provisions" if applicable.Your insurance agent should be able to assist you as it is standard business practice for vendors/contractors to public entities.If vendor's staff will be on a school site where student will be present, vendor must comply with Texas Education Code Chapter 22.

  • If selected, Respondent will be required to comply with the Insurance and Indemnity Requirements established herein.

Related to Insurance and Indemnity

  • protection and indemnity risks means the usual risks covered by a protection and indemnity association managed in London, including pollution risks and the proportion (if any) of any sums payable to any other person or persons in case of collision which are not recoverable under the hull and machinery policies by reason of the incorporation in them of clause 6 of the International Hull Clauses (1/11/02 or 1/11/03), clause 8 of the Institute Time Clauses (Hulls) (1/11/95) or clause 8 of the Institute Time Clauses (Hulls) (1/10/83) or the Institute Amended Running Down Clause (1/10/71) or any equivalent provision;

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Blanket insurance policy means a group policy covering a defined class of

  • Insurance means comprehensive insurance of the vehicle(s)/equipment and shall include insurance of the crew.

  • Crew Insurances means insurances against crew risks which shall include but not be limited to death, sickness, repatriation, injury, shipwreck unemployment indemnity and loss of personal effects.

  • Indemnity Matters means any and all actions, suits, proceedings (including any investigations, litigation or inquiries), claims, demands and causes of action made or threatened against a Person and, in connection therewith, all losses, liabilities, damages (including, without limitation, consequential damages) or reasonable costs and expenses of any kind or nature whatsoever incurred by such Person whether caused by the sole or concurrent negligence of such Person seeking indemnification.

  • Insurance adjuster means a person who directs or conducts the investigation, negotiation, or settlement of a claim under an insurance policy other than life insurance or an annuity, on behalf of an insurer, policyholder, or a claimant under an insurance policy.

  • Indemnity, Subrogation and Contribution Agreement means the Indemnity, Subrogation and Contribution Agreement among Xxxxx 0, the Borrower, the Subsidiary Loan Parties and the Collateral Agent, substantially in the form of Exhibit C-3.

  • Property Insurance is defined in Section 6.10(a).

  • Tax Indemnity Agreement means the Tax Indemnity Agreement, dated as of even date with the Participation Agreement, between Lessee and Owner Participant.

  • Errors and Omissions Insurance Policy means an errors and omissions insurance policy maintained by the Master Servicer, the Special Servicer, the Trustee, the Custodian or the Certificate Administrator, as the case may be, in accordance with Section 8.2, Section 9.2 and Section 7.17, respectively.

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Limit of Indemnity means the amount stated in the Schedule pursuant to Clause 5 of this Policy.

  • Evidence of coverage means any certificate, agreement or contract issued to an enrollee setting out the coverage to which the enrollee is entitled.

  • Insurance Expenses means any Insurance Proceeds (i) applied to the repair of the related Leased Vehicle, (ii) released to the related Lessee in accordance with applicable law or the Customary Servicing Practices or (iii) representing other related expenses incurred by the Servicer that are not otherwise included in Liquidation Expenses or Disposition Expenses and recoverable by the Servicer under any applicable Servicer Basic Documents.

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • Insurance Costs means the sums described in paragraph 1.1 of Part 5 of the Schedule;

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Insurance Rent the sums described in paragraph 1.1 of Schedule 4; “Insured Risks” the risks of fire (including subterranean fire), lightning, explosion, storm, flood, subsidence, landslip, heave, earthquake, burst or overflowing water pipes, tanks or apparatus, impact by aircraft or other aerial devices and any articles dropped from them, impact by vehicles, terrorism, riot, civil commotion and malicious damage to the extent, in each case, that cover is generally available on normal commercial terms in the UK insurance market at the time the insurance is taken out, and any other risks against which the Landlord reasonably insures from time to time, subject in all cases to any excesses, limitations and exclusions imposed by the insurers;20

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts: