Form and Certificates. The policy of insurance required to be carried by GSV pursuant to this Section shall be with a company approved by Owner and shall have a Best’s Insurance Rating of at least A-VII. Such policy shall name Owner as an additional insured and contain a cross-liability and severability endorsement. GSV’s insurance policy shall also be primary insurance without right of contribution from any policy carried by Owner. A certificate of insurance and a copy of GSV’s insurance policy shall be provided to Owner before any entry by GSV or its agents or employees on the Property and shall provide that such policy is not subject to cancellation, expiration or change, except upon thirty (30) days prior written notice to Owner.
Appears in 2 contracts
Sources: Mining Lease and Option to Purchase Agreement (Gold Standard Ventures Corp.), Mining Lease and Option to Purchase Agreement (Gold Standard Ventures Corp.)