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Insurance Coverage
Insurance Coverage contract clause examples

Insurance Coverage. Prior to commencing any Clinical Trial and thereafter during the Term, the Licensee shall cause to be in effect through purchase from a reputable insurance company or, upon the consent of UABRF, through a self-insurance program, at its sole expense, shall maintain "occurrence based type" liability insurance coverage or, if the Licensee is unable to obtain "occurrence based type" liability insurance, a "claims made type" liability insurance coverage (with at least ​ tail coverage). Such insurance coverage shall include a contractual endorsement providing coverage for all liability which may be incurred in connection with this Agreement, including, but not limited to general liability and products liability, and such other type of insurance coverage required by Applicable Law or which it deems necessary to enable the Licensee to perform its obligations under this Agreement. All such insurance coverage shall list UABRF and Other Owners as additional insureds. The Licensee shall provide evidence of such insurance coverage to UABRF upon the reasonable request of UABRF. All such insurance coverage shall require the insurance provider, or in the case of a self insurance program, the Licensee, to provide UABRF with at least ​ prior written notice of any change in the terms or cancellation of coverage.

Minimum Insurance Coverage. Throughout the Term, in addition to any insurance required to be maintained by Contractor under or pursuant to any of the Related Agreements or by any applicable Governmental Authority, Contractor shall at all times during the Term hereof maintain, or cause to be maintained, in full force and effect policies of insurance with insurers of recognized reputation and responsibility, in each case to the extent available and of the type usually carried by corporations engaged in the same or similar business, similarly situated and owning or operating similar aircraft and engines and covering risks of the kind customarily insured, as follows:

Insurance Coverage. [[Agenus:Organization]] provides and agrees to continue to provide insurance coverage through the [[Agenus:Organization]] insurance policies listed in [Exhibit D], or policies with substantially similar coverage (the “[[Agenus:Organization]] Insurance Policies”), to MiNK and MiNK’s Affiliates, provided # that MiNK and MiNK’s Affiliates continue to qualify as named insureds under the [[Agenus:Organization]] Insurance Policies, # that the scope of insurance coverage for [[Agenus:Organization]] and [[Agenus:Organization]] Affiliates under the [[Agenus:Organization]] Insurance Policies is not adversely impacted by including MiNK and MiNK’s Affiliates as named insureds on the [[Agenus:Organization]] Insurance Policies, and # the [[Agenus:Organization]] Insurance Policies are treated as Pass-Through Costs subject to Section 5.4.

Insurance Coverage. During the Term, and as otherwise provided within the provisions of each of the respective plans, the Company shall make available to Executive all employee benefits to which other executives of the Company are entitled to receive, subject to the eligibility requirements and other provisions of such arrangements as applicable to executives of the Company generally. Such benefits shall include, but shall not be limited to, comprehensive family health and major medical insurance, dental and life insurance, and short-term and long-term disability. During the Term, the Company will maintain customary director and officer insurance.

Insurance Coverage. The Company maintains in full force and effect insurance coverage that is customary for comparably situated companies for the business being conducted and properties owned or leased by the Company, and the Company reasonably believes such insurance coverage to be adequate against all liabilities, claims and risks against which it is customary for comparably situated companies to insure.

. For so long as the Obligations are outstanding, Borrower shall continuously maintain insurance in accordance with the following provisions:

Landlord Insurance Coverage. During the Term, Landlord shall maintain the following insurance, together with such other insurance coverage as Landlord, in its reasonable judgment, may elect to maintain, the premiums of which shall be included in Operating Expenses: # commercial general liability insurance applicable to the Property and the Building providing, on an occurrence basis, a minimum combined single limit of at least $2,000,000, and # “all-risk” or special cause of loss insurance covering the Building at replacement cost value as reasonably estimated by Landlord, and # such other insurance required by law.

Insurance Coverage. The Company maintains insurance covering its properties, operations, personnel and businesses as the Company reasonably deems commercially adequate, given the Company’s business; the Company reasonably believes such insurance insures against such losses and risks in accordance with customary industry practice to protect the Company and its businesses and which is commercially reasonable for the current conduct of its business; all such insurance is fully in force on the date hereof.

Tenant, at its sole expense, shall obtain and keep in force during the Lease Term (as well as prior and subsequent thereto if Tenant should then use or occupy any portion of the Leased Premises), with an insurance company licensed to do business in the Commonwealth of Virginia and rated A-VII or better by Best’s Insurance Reports, the following insurance coverage: # comprehensive general liability insurance, including coverage for bodily injury and death, property damage and personal injury and contractual liability as referred to below, in an amount not less than the amount set forth in Item 10 of the BLI Rider, combined single limit per

. The types and limits of insurance coverage stipulated in this Article 9 represent the minimum insurance requirements to be satisfied by Borrowers. Administrative Agent retains the right, at any time and from time to time, to make any changes to these minimum requirements as Administrative Agent reasonably deems necessary or appropriate in accordance with properties of like kind, quality and occupancy in the area. In addition to the requirements set forth herein, Borrowers shall also maintain # all insurance, surety and fidelity bonds that any Borrowers are required to maintain as landlord under any Leases and # any other insurance and bonds in amounts, and for such periods that are deemed to be prudent, or are customarily maintained by Persons operating properties of type, construction and occupancy similar to any Individual Property in the locality of such Individual Property.

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