Example ContractsClausesevidence of insurance and notice of changesVariants
Evidence of Insurance and Notice of Changes
Evidence of Insurance and Notice of Changes contract clause examples

Insurance. The [[Organization A:Organization]] will, and will cause each of its Subsidiaries to, maintain insurance with financially sound and reputable insurance companies, and with respect to property and risks of a character usually maintained by corporations engaged in the same or similar business similarly situated, against loss, damage and liability of the kinds and in the amounts customarily maintained by such corporations.

Insurance. [[Organization A:Organization]] and its Significant Subsidiaries maintain insurance with financially sound and reputable insurance companies on all their Property of a character usually insured by entities in the same or similar businesses similarly situated against loss or damage of the kinds and in the amounts, customarily insured against by such entities, and maintain such other insurance as is usually carried by such entities.

Insurance. [[Organization A:Organization]] will, and will cause each of its Significant Subsidiaries to, maintain with financially sound and reputable insurance companies insurance on all of its Property in such amounts and covering such risks as is consistent with sound business practice, and [[Organization A:Organization]] will furnish to any Lender such information as such Lender may reasonably request as to the insurance carried by [[Organization A:Organization]] and its Significant Subsidiaries.

Section # Maintenance of Insurance. The [[Organization A:Organization]] will maintain, or cause to be maintained, insurance coverages on or in respect of its and its Subsidiaries’ business or properties with such insurers, in such amounts and covering such risks as are consistent with the [[Organization A:Organization]]’s normal practices in effect from time to time. Such insurance arrangements may include self-insurance or insurance through an Affiliate.

Insurance. and each of its Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as management of believes to be prudent and customary in the businesses in which and its Subsidiaries are engaged. Neither nor any such Subsidiary has been refused any insurance coverage sought or applied for and neither nor any such 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 at a cost that would not materially and adversely affect the condition, financial or otherwise, or the earnings, business or operations of and its Subsidiaries, taken as a whole.

Section # Maintenance of Insurance. The [[Organization A:Organization]] shall maintain, and cause each of its Significant Subsidiaries to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties in the same general areas in which the [[Organization A:Organization]] or such Significant Subsidiary operates; provided, however, that the [[Organization A:Organization]] and its Significant Subsidiaries may self‑insure (which may include the establishment of reserves, allocation of resources, establishment of credit facilities and other similar arrangements) to the same extent as other companies engaged in similar businesses and owning similar properties in the same general areas in which the [[Organization A:Organization]] or such Significant Subsidiary operates and to the extent consistent with prudent business practice.

The will, and will cause each other Subsidiary to, maintain, with financially sound and reputable insurers, insurance with respect to their respective properties and businesses against such casualties and contingencies, of such types, on such terms and in such amounts (including deductibles, co-insurance and self-insurance, if adequate reserves are maintained with respect thereto) as is customary in the case of entities of established reputations engaged in the same or a similar business and similarly situated.

Section # Maintenance of Properties; Insurance. [[Organization A:Organization]] will, and will cause each of its Subsidiary to, # keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, and # maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar location.

Maintenance of Insurance. Maintain, and cause each Significant Subsidiary to maintain, insurance with responsible and reputable insurance companies or associations (including affiliated companies) for such amounts, covering such risks and with such deductibles as is usually carried by companies of comparable size engaged in similar businesses and owning similar properties in the same general areas in which the [[Organization A:Organization]] or such Subsidiary operates, or maintain a sound self-insurance program for such risks as may be prudently self-insured.

Section # Insurance. [[Organization B:Organization]] and each of its Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as management of [[Organization B:Organization]] believes to be reasonable and customary in the businesses in which [[Organization B:Organization]] and its Subsidiaries are engaged. To [[Organization B:Organization]]’s Knowledge, there is no reason to believe that [[Organization B:Organization]] 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 at a cost that would not have a Material Adverse Effect.

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