Common use of Notice; Additional Named Insureds Clause in Contracts

Notice; Additional Named Insureds. All insurance required under this Agreement shall be issued by a company or companies lawfully authorized to do business in California as admitted carriers. Buyer shall require all third parties hired by ▇▇▇▇▇ to perform due diligence review of the Property to maintain the same policies and coverage amounts listed above. Seller shall be designated as an additional named insured. Prior to entry, Buyer shall provide Seller with Certificates of Insurance. All insurance required under this Agreement shall be primary and shall waive all rights of subrogation. Any insurance carried by Seller is excess and non- contributory with such primary insurance.

Appears in 1 contract

Sources: Purchase and Sale Agreement

Notice; Additional Named Insureds. All insurance required under this Agreement shall be issued by a company or companies lawfully authorized to do business in California as admitted carriers. Buyer shall require all third parties hired by ▇▇▇▇▇ Buyer to perform due diligence review of the Property to maintain the same policies and coverage amounts listed above. Seller shall be designated as an additional named insured. Prior to entry, Buyer shall provide Seller with Certificates of Insurance. All insurance required under this Agreement shall be primary and shall waive all rights of subrogation. Any insurance carried by Seller is excess and non- non-contributory with such primary insurance.

Appears in 1 contract

Sources: Purchase and Sale Agreement