Common use of Certain Other Limitations Clause in Contracts

Certain Other Limitations. The Issuer shall not permit the Issuer to be named as an insured on an insurance policy held by another Company Party or covering the property of any other Company Party, except to the extent the Issuer shall bear the expenses thereof, or enter into an agreement with the holder of such policy whereby in the event of a loss in connection with such property not owned by the Issuer, proceeds are paid to the Issuer.

Appears in 2 contracts

Sources: Insurance and Indemnity Agreement (Alliance Laundry Systems LLC), Insurance and Indemnity Agreement (Alliance Laundry Corp)

Certain Other Limitations. The Issuer shall not permit the Issuer to be named as an insured on an the insurance policy held by another Company Party or covering the property of any other Company Party, except to the extent the Issuer shall bear the expenses thereofAlliance, or enter into an agreement with the holder of such policy whereby in the event of a loss in connection with such property not owned by the Issuerproperty, proceeds are paid to the Issuer.

Appears in 1 contract

Sources: Insurance and Indemnity Agreement (Alliance Laundry Holdings LLC)