Umbrella Policies definition

Umbrella Policies. Policies of insurance that cover risks in excess of the liability limits of policies required to be carried under this Lease. Unavoidable Delays: Delays due to strikes, lock-outs, inability to procure materials, power failure, acts of God, governmental restrictions, enemy action, civil commotion, fire, unavoidable casualty or other causes beyond the reasonable control of the party responsible for performing an obligation hereunder, provided that lack of funds shall not be deemed a cause beyond the control of a party.
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Umbrella Policies. Policies of insurance that cover risks in excess of the liability limits of policies required to be carried under this Lease.
Sample 1Sample 2Sample 3

Examples of Umbrella Policies in a sentence

  • Distributor shall maintain, during the term of this Agreement, Commercial General Liability Insurance with minimum limits, including under any General Liability Umbrella Policies, of not less than $2,000,000 combined single limit for bodily injury and property damage.

  • Sub-Distributor shall maintain, during the term of this Agreement, Commercial General Liability Insurance with minimum limits, including under any General Liability Umbrella Policies, of not less than $2,000,000 combined single limit for bodily injury and property damage.

  • The Purchaser further agrees that it will not permit the Minerals Group to assert any claim which, together with all other claims asserted by the Minerals Group, would cause the aggregate amount of claims asserted by the Minerals Group under the Seller Umbrella Policies in respect of Seller Claims and in respect of General Liability Claims to exceed $30,000,000 for any policy period.

  • Except as set forth in Schedule 3.34, no payments have been made under the Seller Umbrella Policies, and no releases have been granted to insurers under the Seller Umbrella Policies, which would cause less than $30,000,000 of coverage to be available for any Seller Umbrella Policy period.

  • Prior to the date of this Agreement, true and correct copies of the Seller Umbrella Policies have been delivered to the Purchaser.

  • All contacts and negotiations with the insurers under the Seller Umbrella Policies in connection with efforts to recover amounts in respect of Seller Claims and General Liability Claims shall be conducted by the Seller, unless the Seller shall direct the Company or a Subsidiary or the Company to engage in direct discussions with the insurers under the Seller Umbrella Policies, in which case such discussions shall be conducted as directed by the Seller.

  • For the avoidance of doubt, the Seller Umbrella Policies will not be deemed to be Affiliate Agreements for purposes of this Section 5.9.

  • Manufacturer shall maintain, during the term of this Agreement, Commercial General Liability Insurance with minimum limits, including under any General Liability Umbrella Policies, of not less than $2,000,000 combined single limit for bodily injury and property damage on Products purchased by Distributor for resale.

  • With regard to each of the Seller Umbrella Policies, (i) all required payments of premium have been made and (ii) no written notice of cancellation or termination has been received by the Seller.

  • Distributor shall maintain, during the term of this Agreement, Commercial General Liability Insurance with minimum limits, including under any General Liability Umbrella Policies, of not less than $2,000,000 combined single limit for bodily injury and property damage on the Products purchased by Sub-Distributor for resale.

Related to Umbrella Policies

  • 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.

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • D&O Policies has the meaning set forth in Section 8.06.

  • SAP Policies means the operational guidelines and policies applied by SAP to provide and support the Cloud Service as incorporated in an Order Form.

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • Policies shall have the meaning specified in Section 6.1(b) hereof.

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

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • 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.

  • Insurance Policies has the meaning set forth in Section 3.16.

  • Professional liability insurance means insurance against legal liability incident to the practice of a profession and provision of a professional service.

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • Policy means Related Party Transaction Policy.

  • Errors and Omissions Policy As defined in each of the Servicing Agreements.

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

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

  • Claims Made Policies has the meaning set forth in Section 5.01(b).

  • D&O Tail Policy has the meaning set forth in Section 5.8(c).

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

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

  • Consensus Policies are those policies established (1) pursuant to the procedure set forth in ICANN’s Bylaws and due process, and (2) covering those topics listed in Section 1.2 of this Specification. The Consensus Policy development process and procedure set forth in ICANN’s Bylaws may be revised from time to time in accordance with the process set forth therein.

  • R&W Policy means those certain buyer-side representations and warranties insurance policies purchased by Buyer in connection with this Agreement.

  • Shared Policies has the meaning set forth in Section 8.1(b).