Travis Texas Exhibit D to Operating Agreement Insurance - Form 2

• Category: Oil Gas and Minerals - Agreements
• State: Multi-State
• County: Travis
• Control #: US-OG-744
• Format: Word; Rich Text

Description

This operating agreement exhibit contains insurance information including liability insurance and worker's compensation requirements. Travis Texas Exhibit D to Operating Agreement Insurance — Form 2 refers to a specific document that is commonly used in the state of Texas for insurance purposes in relation to an operating agreement. This exhibit serves to outline the insurance requirements and provisions as set forth in the operating agreement. The Travis Texas Exhibit D to Operating Agreement Insurance — Form 2 is specific to the state of Texas and is necessary for businesses operating within this jurisdiction. It provides a detailed description of the insurance coverage required by the operating agreement and serves as a guide for the parties involved to understand their insurance obligations and rights. While the specific contents of this exhibit may vary depending on the details of the operating agreement in question, typical keywords and sections may include: 1. Insurance Coverage: This section outlines the types of insurance coverage required, such as general liability insurance, professional liability insurance, property insurance, workers' compensation insurance, and any other specific coverage deemed necessary by the operating agreement. 2. Coverage Limits: This section specifies the minimum limits or amounts of coverage required for each type of insurance mentioned. For example, it may state that general liability insurance should have a coverage limit of at least $1 million per occurrence. 3. Additional Insured: This clause determines whether the operating agreement requires any additional individuals or entities to be named as insured parties on the insurance policies. This could include landlords, lenders, or other stakeholders. 4. Certificate of Insurance: This section outlines the process for obtaining and providing certificates of insurance, which serve as proof of coverage to other parties. It may require that all relevant parties be provided with copies of these certificates. 5. Renewal and Cancellation: Here, the exhibit may specify the requirements for insurance policy renewal and cancellation, including any notice periods or conditions that must be met. 6. Indemnification: This clause may outline the obligations of the insured parties to indemnify and hold harmless the other parties against claims or losses arising out of the business operations. It is important to note that while the general structure and content of Travis Texas Exhibit D to Operating Agreement Insurance — Form 2 are outlined here, specific versions of this exhibit may differ from one operating agreement to another. Therefore, it is crucial to consult the relevant operating agreement and legal professionals to accurately understand the details of the exhibit in each specific case.

Travis Texas Exhibit D to Operating Agreement Insurance — Form 2 refers to a specific document that is commonly used in the state of Texas for insurance purposes in relation to an operating agreement. This exhibit serves to outline the insurance requirements and provisions as set forth in the operating agreement. The Travis Texas Exhibit D to Operating Agreement Insurance — Form 2 is specific to the state of Texas and is necessary for businesses operating within this jurisdiction. It provides a detailed description of the insurance coverage required by the operating agreement and serves as a guide for the parties involved to understand their insurance obligations and rights. While the specific contents of this exhibit may vary depending on the details of the operating agreement in question, typical keywords and sections may include: 1. Insurance Coverage: This section outlines the types of insurance coverage required, such as general liability insurance, professional liability insurance, property insurance, workers' compensation insurance, and any other specific coverage deemed necessary by the operating agreement. 2. Coverage Limits: This section specifies the minimum limits or amounts of coverage required for each type of insurance mentioned. For example, it may state that general liability insurance should have a coverage limit of at least $1 million per occurrence. 3. Additional Insured: This clause determines whether the operating agreement requires any additional individuals or entities to be named as insured parties on the insurance policies. This could include landlords, lenders, or other stakeholders. 4. Certificate of Insurance: This section outlines the process for obtaining and providing certificates of insurance, which serve as proof of coverage to other parties. It may require that all relevant parties be provided with copies of these certificates. 5. Renewal and Cancellation: Here, the exhibit may specify the requirements for insurance policy renewal and cancellation, including any notice periods or conditions that must be met. 6. Indemnification: This clause may outline the obligations of the insured parties to indemnify and hold harmless the other parties against claims or losses arising out of the business operations. It is important to note that while the general structure and content of Travis Texas Exhibit D to Operating Agreement Insurance — Form 2 are outlined here, specific versions of this exhibit may differ from one operating agreement to another. Therefore, it is crucial to consult the relevant operating agreement and legal professionals to accurately understand the details of the exhibit in each specific case.