Extract to table

3, each party is required to furnish certificates of insurance to the other party prior to the closing date (March 22, 2024) as a condition precedent to the effectiveness of the Agreement

Thereafter, updated certificates of insurance must be provided annually, within thirty (30) days of each policy renewal, for the duration of the term and the post-termination tail period

The Agreement further requires that, where applicable, each party shall cause the other party to be named as an additional insured under its commercial general liability policy, and that certificates of insurance shall reflect such additional insured status

Meridian is required to maintain commercial general liability insurance with a minimum coverage limit of not less than €5,000,000 per occurrence

This coverage must include standard protection for third-party bodily injury, property damage, personal and advertising injury, and products-completed operations liability

The CGL policy must name Lumos as an additional insured with respect to claims arising out of or in connection with Meridian's performance under the Agreement