Public Liability and Property Damage Liability Insurance Clause Samples

Public Liability and Property Damage Liability Insurance. N2T, at its own expense, shall maintain or cause to be maintained in effect throughout the Term combined aircraft bodily injury, property damage liability, including passenger liability, insurance with limits of not less than Two Hundred Million Dollars ($200,000,000.00) for each occurrence. Any policies of insurance carried in accordance with this Section 8.1 and any policies taken out in substitution or replacement for any of such policies shall: (1) name Oakley and each Timesharing Lessee as an additional named insured; (2) be with insurance companies with an A.M. Best rating of at least A- and a financial size classification of VII or otherwise as mutually approved by N2T and Oakley; (3) provide for not less than thirty (30) days prior written notice to be received by the certificate holders and additional named insureds before any lapse, material alteration, termination or cancellation of such insurance policy; (4) provide that in respect of the interests of Oakley such policies of insurance shall insure Oakley regardless of any breach or violation of any warranty, declarations or conditions contained in such policies by N2T or any other person; (5) shall waive any rights of set off, counterclaim or deduction, whether by attachment or otherwise, and all rights of subrogation against Oakley or any other additional insured, and Oakley’s or such additional insured's officers, employees and servants; and (6) provide that, if the insurers cancel such insurance for any reason whatever, or the same is allowed to lapse for non-payment of premium, or if there is any material change in policy terms and conditions, such cancellation, lapse or change shall not be effective until thirty (30) calendar days after receipt by Oakley of written notice from such insurers of such cancellation, lapse or change. Each liability policy shall (i) be primary without right of contribution from any other insurance which is carried by Oakley or any other additional insured; and (ii) expressly provide that all of the provisions thereof, except the limits of liability, shall operate in the same manner as if there were a separate policy covering each insured. Oakley shall provide at its own expense worker’s compensation insurance with all-states coverage for the crew and maintenance personnel.

Public Liability and Property Damage Liability Insurance. (i) The Company, at its own cost and expense, will maintain or cause to be maintained with respect to the Equipment, comprehensive aircraft liability insurance including, without limitation, passenger legal liability and property damage liability insurance and cargo legal liability in such amounts, against such risks (including, without limitation, contractual liability and war risk liability), with such retentions as the Company customarily maintains with respect to similar engines and flight simulators owned or operated by the Company (provided, however, that any self-insured retention and/or deductible shall not exceed $1,000,000 per occurrence) and with such insurers (which shall be insurers of recognized responsibility), and such insurance against such other risks as is usually carried by similar corporations engaged in the same or similar business and similarly situated as the Company and owning or operating equipment similar to the Equipment and the aircraft on which the Engines are installed or the operation of which is supported by use of the Simulators; (ii) Notwithstanding Section 3.07(a)(i), in the event of the requisition for use by the United States government of any Equipment, the Company shall maintain throughout the period of such requisition such insurance as would otherwise be required under this Section 3.07, provided that the Agent shall accept, in lieu of such insurance coverage, indemnification or insurance from the United States government which is substantially the same as otherwise required under this Section 3.07. (iii) Any policy of insurance carried and maintained in accordance with this Section 3.07(a), and any policy taken out in substitution or replacement for any such policy subject to the terms, conditions and limitations thereof, shall: (A) name the initial Lenders and Agent and their respective successors and assigns as additional insureds (each an "Additional Insured"); (B) provide that, in respect of the interest of any such Additional Insured in such policies, the insurance shall not be invalidated by any action or inaction of the Company or any additional insured as defined under the policy of insurance required under this Section 3.07(a) (other than such Additional Insured) and shall insure each such Additional Insured regardless of any breach or violation of any warranty, declaration or condition contained in such policies by the Company or any other additional insured as defined under the policy of insurance requi...

Public Liability and Property Damage Liability Insurance. Consultant shall carry, with respect to the operations he performs, regular Liability Insurance providing for a limit of not less than $1,000,000 for all damage arising out of bodily injuries to or death of one person, and subject to that limit for each person, a total of $3,000,000 for all damage arising out of bodily injuries to or death of two or more persons in any one accident, and Property Damage Liability Insurance providing for a limit of not less than $500,000 for all damages arising out of injury to or destruction of property in any one accident and subject to that limit per accident, a total (or aggregate) limit of $1,000,000 for all damages arising out of injury to or destruction of property during the Policy period. If any part of the work is sublet, similar insurance, in the same amounts as required of the General Consultant shall be provided by or in behalf of the sub-Consultant to cover his operation.

Public Liability and Property Damage Liability Insurance. (Third Party). Customer will, at its own expense and at all times during the term of this Agreement maintain in force Commercial General Liability Insurance and Auto Liability coverage with combined, single limit for bodily injury, including death, and property damages of $4,000,000, on a primary and not excess of contributory basis, for Customer’s liability for damages or injuries sustained by any person, including, but not limited to, agents or employees of Customer, as a result of maintenance, use, operation, possession, storage, erection, dismantling, servicing, or transportation of equipment, and including boom collapse and rigging liability. Customer’s Commercial General Liability and Auto Liability coverage Customer will name PC as an additional insured. Customer will, at all times during the term of this Agreement, carry Workers’ Compensation with a Waiver of Subrogation in favor of PC. Customer will, on demand, furnish PC a Certificate of Insurance evidencing such insurance, endorsed to provide that such insurance may not be canceled or materially modified except on 30 days of prior written notice to PC and the PC Branch. Customer agrees to abide by all terms and condition of said insurance. Customer, its agents and employees will cooperate fully with PC and Customer’s insurer in any investigation, prosecution, or defense of any claim or suit arising there from and will do nothing to impair or invalidate the applicable Insurance coverage. PC’s acceptance of Customer’s Certificate of Insurance will not be deemed a waiver, limitation or modification of Customer’s Insurance will not be deemed a waiver, limitation or modification of Customer’s insurance, indemnity or other obligations under this Agreement or Customer’s liability hereunder. (b) Property Insurance for PC Equipment. Customer will, at its own expense and at all times during the term of this Agreement, maintain in force Property or Auto Physical Damage Insurance in an amount adequate to cover any damages to, or loss of, the Equipment. Customer’s policy must expressly cover non-owned equipment while in Customer’s care, custody or control, including coverage for boom collapse and rigging liability. Customer will, on demand, furnish PC a Certificate of Insurance evidencing such insurance and endorsed to provide that such insurance may not be canceled or materially modified except on 30 days prior written notice to PC and PC Branch. The amount, terms, and condition of the insurance required by...

Public Liability and Property Damage Liability Insurance. The Company, at its own cost and expense, will maintain or cause to be maintained with respect to the Parts Collateral, comprehensive aircraft liability insurance including, without limitation, passenger legal liability and property damage liability insurance and cargo legal liability in such amounts, against such risks (including, without limitation, contractual liability), with such retentions as the Company customarily maintains (provided, however, that any self-insurance retention and/or deductible shall not exceed $1,000,000 per occurrence) and with such insurers (which shall be insurers of recognized responsibility), and such insurance against such other risks as is usually carried by similar corporations engaged in the same or similar business and similarly situated as the Company and owning or operating spare parts, assemblies, equipment, accessories, appurtenances and appliances similar to the Parts Collateral; provided that such insurance shall not be in amounts less than $100,000,000 per occurrence, provided further that in no event shall the limits of liability for all public liability insurance be less than the amount, per occurrence as set forth on the insurance certificate delivered on the date hereof.

Public Liability and Property Damage Liability Insurance. Contractor shall carry, with respect to the operations he performs, regular Contractor's Public Liability Insurance providing for a limit of not less than $1,000,000 for all damage arising out of bodily injuries to or death of one person, and subject to that limit for each person, a total of $3,000,000 for all damage arising out of bodily injuries to or death of two or more persons in any one accident, and regular Contractor's Property Damage Liability Insurance providing for a limit of not less than $500,000 for all damages arising out of injury to or destruction of property in any one accident and subject to that limit per accident, a total (or aggregate) limit of $1,000,000 for all damages arising out of injury to or destruction of property during the Policy period. If any part of the work is sublet, similar insurance, in the same amounts as required of the General Contractor, shall be provided by or in behalf of the subcontractor to cover his operation.

Public Liability and Property Damage Liability Insurance. Lessee shall carry, with respect to the operations they perform, regular Public Liability Insurance providing for a limit of not less than one million dollars ($1,000,000) for all damage arising out of bodily injuries to or death of one person, and subject to that limit for each person a total of two million dollars ($2,000,000) for all damage arising out of bodily injuries to or death of two or more persons in any one accident and regular Property Damage Liability Insurance providing for a limit of not less than one million dollars ($1,000,000) for all damages arising out of injury to or destruction of property in any one accident and subject to that limit per accident, a total (or aggregate) limit of two million dollars ($2,000,000) for all damages arising out of injury to or destruction of property during the Policy period.

Public Liability and Property Damage Liability Insurance. Insurance Against Loss or Damage to the Aircraft............ 31 13.03 War-Risk Insurance.......................................... 32 13.04 Application of Proceeds in an Event of Loss................. 32 13.05 Application of Proceeds in the Absence of an Event of Loss.. 33 13.06 Reports, etc................................................ 33 13.07 Governmental Indemnification in Lieu of Insurance........... 33 13.08 Lessor's Additional Insurance............................... 33 14.

Public Liability and Property Damage Liability Insurance. Concessionaire shall carry, with respect to the operations he performs, regular Concessionaire's Public Liability Insurance providing for a limit of not less than one million dollars ($1,000,000) for all damage arising out of bodily injuries to or death of one person, and subject to that limit for each person, a total of two million dollars ($2,000,000) for all damage arising out of bodily injuries to or death of two or more persons in any one accident, and regular Concessionaire's Property Damage Liability Insurance providing for a limit of not less than one million dollars ($1,000,000) for all damages arising out of injury to or destruction of property in any one accident and subject to that limit per accident, a total (or aggregate) limit of two million dollars ($2,000,000) for all damages arising out of injury to or destruction of property during the Policy period. If any part of the work is sublet, similar insurance, in the same amounts as required of the General Concessionaire, shall be provided by or in behalf of the subcontractor to cover his operation.