Insurance Certificates for Titan Corporation and Subsidiaries in Favor of Wachovia Bank as Administrative Agent

Summary

This document is a set of insurance certificates issued by Aon Risk Services for Titan Corporation and its subsidiaries, listing Wachovia Bank as the certificate holder and additional insured or loss payee. The certificates confirm various insurance coverages, including general liability, automobile liability, excess liability, workers compensation, technology errors & omissions, directors & officers liability, and property insurance. The policies are effective between April 2002 and April 2003, with specified coverage limits. The certificates serve as proof of insurance for the benefit of Wachovia Bank and the lenders under a senior secured credit agreement.

EX-10.1 3 a2086502zex-10_1.htm EXHIBIT 10.1
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Ex-10.1

ANNEX I


Insurance Certificates


[ACORD. LOGO]   DATE (MM/DD/YY)
5/14/2002


CERTIFICATE OF INSURANCE


PRODUCER
Aon Risk Services, Inc. of Southern California
707 Wilshire Boulevard, Suite 6000
Los Angeles, CA 90017
(213)  ###-###-####

 

THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW.
        INSURERS AFFORDING COVERAGE
INSURED   INSURER A:   ST PAUL INS CO
Titan Corporation   INSURER B:   ZURICH AMERICAN INS. CO.
and all of its subsidiaries   INSURER C:    
3033 Science Park Road   INSURER D:    
San Diego, CA 92121   INSURER E:    

COVERAGES

THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED, NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN. THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS, AND CONDITIONS OF SUCH POLICIES. THE LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS.

CO
LTR

TYPE OF INSURANCE
POLICY
NUMBER

  POLICY
EFFECTIVE
DATE
(MM/DD/YY)

  POLICY
EXPIRATION
DATE
(MM/DD/YY)

LIMITS

A GENERAL LIABILITY     TEO6100498   4/1/2002   6/1/2002 EACH OCCURRENCE   $ 1,000,000
  ý COMMERCIAL GENERAL LIABILITY             FIRE DAMAGE (Any One Fire)   $ 1,000,000
  o o CLAIMS MADE ý OCCURRENCE           MED EXP (Any One Person)   $ 10,000
  o                         PERSONAL & ADV INJURY   $ 1,000,000
  o                         GENERAL AGGREGATE   $ 2,000,000
                            PRODUCTS-COMP/OP AGG   $ 2,000,000
  GEN'L AGGREGATE LIMIT APPLIES PER:                        
  o POLICY o PROJECT o LOC                        

A AUTOMOBILE LIABILITY     TEO6100498   4/1/2002   6/1/2002 COMBINED SINGLE LIMIT
(Ea accident)
  $ 1,000,000
  ý ANY AUTO   Comp ACV Less Ded
$1000 Coll ACV Less Ded
$1000
                     
  o ALL OWNED AUTOS             BODILY INJURY
(Per person)
  $  
  o SCHEDULED AUTOS                          
  o HIRED AUTOS   TEO6101544   4/1/2002   6/1/2002 BODILY INJURY
(Per accident)
  $  
  o NON-OWNED AUTOS   Comp ACV Less Ded
$1000 Coll ACV Less Ded
$1000
                     
  o                         PROPERTY DAMAGE
(Per accident)
  $  
  o                                      

  GARAGE LIABILITY           AUTO ONLY - EA ACCIDENT   $  
  o ANY AUTO               OTHER THAN EA ACC   $  
  o                         AUTO ONLY: AGG   $  

A EXCESS LIABILITY TEO6100498   4/1/2002   6/1/2002 EACH OCCURRENCE   $ 40,000,000
  o OCCUR o CLAIMS MADE             AGGREGATE   $ 40,000,000
  o DEDUCTIBLE                     $  
                                      $  
  ý UMBRELLA FORM                       $  

B WORKERS COMPENSATION
AND
EMPLOYERS LIABILITY
WC9303479-00
  
WC9303-480-00
  4/1/2002   4/1/2003 ý WC STATU-
TORY LIMITS
o OTHER      
                            E.L. EACH ACCIDENT   $ 1,000,000
                            E.L. DISEASE - EA EMPLOYEE   $ 1,000,000
                            E.L. DISEASE - POLICY LIMIT   $ 1,000,000


 

OTHER

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

DESCRIPTION OF OPERATIONS/LOCATIONS/VEHICLES/RESTRICTIONS/SPECIAL ITEMS

 

Titan / TitanSub / 4664
 
The Titan Corporation and all subsidiaries. Wachovia Bank, National Association, as Administrative Agent, and each lender party to the Senior Secured Credit Agreement among the Titan Corporation, the lenders indentified therein and the Administrative Agents are the Additional Insureds.

 

 

 

CERTIFICATE HOLDER
Wachovia Bank National Assoc.
As Administrative Agent
201 S. College Street, CP-23
Charlotte, NC ###-###-####
Attn: Syndication Agency Services

 

CANCELLATION except 10 days notice for cancellation due to non-payment of premium.
SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, THE ISSUING COMPANY WILL MAIL 30 DAYS WRITTEN NOTICE TO THE CERTIFICATE HOLDER NAMED TO THE LEFT.

 

 

AUTHORIZED REPRESENTATIVE
        [ILLEGIBLE]
ACORD 25-S (7/97)       ©ACORD CORPORATION 1988

[AON LOGO]
Insure your vision
Attachment to Certificate — additional coverages for Titan Corp. and all of its subsidiaries

COVERAGE

  LIMITS

  DEDUCTIBLE

  CARRIER

  POLICY
NUMBER

  POLICY
PERIOD

Technology Errors & Omissions         $ 500,000   American International Surplus Lines Ins. Co.   279-59-31   4/1/2002-
4/1/2003
  Each Error   $ 10,000,000                  
  Total Limit   $ 10,000,000                  
Excess Technology Errors & Omissions   $ 10,000,000 excess of $10,000,000         Columbia Casualty Company   169858693   4/1/2002-
4/1/2003
Excess Technology Errors & Omissions   $ 10,000,000 excess of $20,000,000         Liberty Surplus Insurance Corp.   EJE-B71-078114-012   4/1/2002-
4/1/2003
Excess Technology Errors & Omissions   $ 10,000,000 excess of $30,000,000         Lloyd's   CQ0200005   4/1/2002-
4/1/2003
Director's & Officer's Liability          
100,000/500,000
  Federal Ins. Co. (Chubb)   8119-76-35J   4/3/1999-
4/3/2003
  Each Loss   $ 20,000,000     SEC            
  Each Policy Year   $ 20,000,000                  
Outside Directors Liability           None   Federal Ins. Co. (Chubb)   8119-76-35J   4/3/1999-
4/3/2003
  Each Loss   $ 15,000,000                  
  Each Policy Year   $ 15,000,000                  
Excess Directors & Officers Liability               Hartford Ins. Co.   NDA0154823-99   4/3/1999-
4/3/2003
  Each Policy Year   $ 20,000,000 excess of $20,000,000                  
Excess Directors & Officers Liability               St. Paul Fire & Casualty   594CM0144   4/3/2000-
4/3/2003
  Each Policy Year   $ 20,000,000 excess of $40,000,000                  
Excess Directors & Officers Liability               Kemper Indemnity Ins. Co.   3DP001052   4/3/2000-
4/3/2003
  Each Policy Year   $ 20,000,000 excess of $60,000,000                  
Excess Directors & Officers Liability               National Union Fire Ins. Co.   873-21-91   5/15/2001-
4/3/2003
  Each Policy Year   $ 20,000,000 excess of $80,000,000                  

[ACORD. LOGO]

        Date (MM/DD/YY)
5/14/2002


CERTIFICATE OF PROPERTY INSURANCE

PRODUCER
Aon Risk Services, Inc. of Southern California
707 Wilshire Boulevard, Suite 6000
Los Angeles, CA 90017
(213) 630-3200
  MT   THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW.

 

 

 

 

 

 

COMPANIES AFFORDING COVERAGE

 

 

 

 

COMPANY
A

 

FACTORY MUTUAL INS CO.
INSURED       COMPANY
B
   
Titan Corporation
and all of its subsidiaries
      COMPANY
C
   
3033 Science Park Road
San Diego, CA 92121
      COMPANY
D
   

COVERAGES

THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS.

CO
LTR

  TYPE OF INSURANCE
  POLICY NUMBER
  POLICY EFFECTIVE
DATE (MM/DD/YY)

  POLICY EXPIRATION
DATE (MM/DD/YY)

  COVERED PROPERTY
  LIMITS
A   ý   PROPERTY   UA952   4/1/2002   4/1/2003   o   BUILDING   $  
    CAUSES OF LOSS               o   PERS PROPERTY   $  
    o   BASIC               o   BUSINESS INCOME   $  
    ý   BROAD               o   EXTRA EXPENSE   $  
    o   SPECIAL               o   BLANKET BUILDING   $  
    o   EARTHQUAKE               o   BLANKET PERS PROP   $  
    ý   FLOOD               ý   BLANKET BLDG & PP   $ 378,840,000
    o                   o       $  
    o                   o       $  

    o   INLAND MARINE               o       $  
    TYPE OF POLICY               o       $  
                        o       $  
    CAUSES OF LOSS               o       $  
    o   NAMED PERILS               o       $  
    o   OTHER               o       $  

    o   CRIME               o       $  
    TYPE OF POLICY               o       $  
                        o       $  

    o   BOILER & MACHINERY               o       $  
                        o       $  

    o   OTHER                          

LOCATION OF PREMISES/DESCRIPTION OF PROPERTY               Titan     1        1753

Named Insured: The Titan Corporation and all subsidiaries. Wachovia Bank, National Association as Administrative Agent is Loss Payee.

SPECIAL CONDITIONS/OTHER COVERAGES

CERTIFICATE HOLDER
Wachovia Bank, National Association, as Administrative
Agent
201 S. College Street, CP-23
Charlotte, NC ###-###-####
Attn: Syndication Agency Services
  CANCELLATION Except 10 days notice for non-payment
SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, THE ISSUING COMPANY WILL TO MAIL 30 DAYS WRITTEN NOTICE TO THE CERTIFICATE HOLDER NAMED TO THE LEFT.

 

 

AUTHORIZED REPRESENTATIVE
        [ILLEGIBLE]
ACORD 24 (1/95)       ©ACORD CORPORATION 1995



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