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General Requirements
General Requirements contract clause examples

General Requirements. The Borrower shall without cost to the Secured Parties, maintain or cause to be maintained on its behalf in effect at all times (unless otherwise stated below) on and after the Closing Date (except as otherwise stated below) the types of insurance required by the following provisions together with any other types of insurance required pursuant to any Project Document or any Transaction Document with respect to the Projects, in such form acceptable to the Lenders, with insurance companies rated “A-” or better, with a minimum size rating of “X” as determined by A.M. Best, “A” or better by Standard and Poor’s, an equivalent rating by another nationally-recognized insurance rating agency of similar standing or other companies reasonably satisfactory to the Lenders. For purposes of this [Schedule 5.17], references to insurance limits, deductibles or other terms and conditions that are subject to the acceptance of and/or review and approval of the Lenders are deemed to include “in consultation with the Insurance Consultant.”

General Requirements. Unless Landlord and Tenant otherwise agree in writing, Tenant shall # procure or cause others to procure on its behalf all necessary permits before undertaking any Alterations in the Premises (and provide copies thereof to Landlord); # perform all of such Alterations in a good and workmanlike manner, employing materials of good quality and in compliance with Landlord’s construction rules and regulations, all insurance requirements of this Lease, and Legal Requirements; and # defend, indemnify and hold the Landlord Parties harmless from and against any and all Claims occasioned by or growing out of such Alterations.

General Requirements. Unless Landlord and Tenant otherwise agree in writing, Tenant shall # procure or cause others to procure on its behalf all necessary permits before undertaking any Alterations in the Premises (and provide copies thereof to Landlord); # perform all of such Alterations in a good and workmanlike manner, employing materials of good quality and in compliance with Landlord’s construction rules and regulations, all insurance requirements of this Lease, and Legal Requirements; and # defend, indemnify and hold the Landlord Parties harmless from and against any and all Claims occasioned by or growing out of such Alterations, except to the extent caused by the negligence or willful misconduct of any Landlord Parties.

General Requirements. The Committee may grant SARs separately or in tandem with any Option (for all or a portion of the applicable Option). The Committee shall determine which Employees, Consultants and Directors shall receive Awards of SARs and the amount of such Awards.

General Requirements. All insurance policies required to be carried by Tenant (except Tenant’s Personal Property insurance) hereunder shall conform to the following requirements:

General Requirements. Throughout the Agreement term, Microsoft and Company will each maintain sufficient insurance or a program of self-insurance to cover its risks and obligations under the Agreement. Upon request, a party will provide a certificate of such coverage to the other party to verify its compliance with this provision.

General Requirements. The Borrower shall without cost to the Secured Parties, maintain or cause to be maintained on its behalf in effect at all times (unless otherwise stated below) on and after the Closing Date (except as otherwise stated below) the types of insurance required by the following provisions together with any other types of insurance required pursuant to any Project Document or any Transaction Document with respect to the Projects, in such form acceptable to the Lenders, with insurance companies rated “A-” or better, with a minimum size rating of “X” as determined by A.M. Best, “A” or better by Standard and Poor’s, an equivalent rating by another nationally-recognized insurance rating agency of similar standing or other companies reasonably satisfactory to the Lenders. For purposes of this [Schedule 5.17], references to insurance limits, deductibles or other terms and conditions that are subject to the acceptance of and/or review and approval of the Lenders are deemed to include “in consultation with the Insurance Consultant.”

General Requirements. The Borrower shall without cost to the Secured Parties, maintain or cause to be maintained on its behalf in effect at all times (unless otherwise stated below) on and after the Closing Date (except as otherwise stated below) the types of insurance required by the following provisions together with any other types of insurance required pursuant to any Project Document or any Transaction Document with respect to the Projects, in such form acceptable to the Administrative Agent, with insurance companies rated “A-” or better, with a minimum size rating of “X” as determined by A.M. Best, “A” or better by Standard and Poor’s, an equivalent rating by another nationally-recognized insurance rating agency of similar standing or other companies reasonably satisfactory to the Administrative Agent. For purposes of this [Schedule 5.17], references to insurance limits, deductibles or other terms and conditions that are subject to the acceptance of and/or review and approval of the Administrative Agent are deemed to include “in consultation with the Insurance Consultant.”

General Requirements. Each Performance Unit shall represent the right of the Participant to receive an amount based on the value of the Performance Unit, if performance goals established by the Committee are met. A Performance Unit shall be based on the Fair Market Value of a share of Common Stock or such other measurement base as the Committee deems appropriate. The Committee shall determine and set forth in the Award Agreement the number of Performance Units to be granted and the requirements applicable to such Performance Units. The Committee shall determine which Employees, Consultants and Directors shall receive Awards of a Performance Unit and the amount of such Awards.

General Requirements. Other Stock-Based Awards that may be granted under the Plan include Awards that are valued in whole or in part by reference to, or otherwise calculated by reference to or based on, shares of Common Stock, including without limitation: # convertible preferred stock, convertible debentures and other convertible, exchangeable or redeemable securities or equity interests, # partnership interests in a Subsidiary or operating partnership, # Awards valued by reference to book value, fair value or Subsidiary performance, and # any class of profits interest or limited liability company interest created or issued pursuant to the terms of a partnership agreement, limited liability company operating agreement or otherwise by MPT OP or a Subsidiary that has elected to be treated as a partnership for federal income tax purposes and qualifies as a “profits interest” within the meaning of IRS Revenue Procedure 93-27 with respect to an Employee, a Consultant or a Director who is rendering services to or for the benefit of MPT OP or other Subsidiary, as applicable.

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