Additional Insurances. (a) For Facility Limits granted for the construction, rehabilitation, consolidation or extension of an immovable asset, the Bank is entitled to request the Borrower at any time, and if the Borrower receives such request, it undertakes to conclude and maintain, bearing all related costs, an insurance policy against all risks in respect of the works, including against non-completion of the construction, if the case, valid until the completion of works. The Borrower undertakes to conclude an insurance policy of the existing construction covering all risks on the following day after completion of the construction.
(b) The Borrower undertakes to conclude and maintain an insurance policy over the assets representing the investment financed through the Credit Facility.
(c) The provisions of this Clause are in addition to, and without prejudice to, the provisions of Clause 5.1 letter (h) from Chapter 1 (General provisions) hereof, and any insurance policy conclude under this Clause shall comply accordingly with the terms and conditions of the above mentioned Clause 5.1 letter (h).
Additional Insurances. Not applicable when the Call-Off Contract is awarded through a direct award procedure.
Additional Insurances. Nothing herein provided shall prevent Owner from arranging, for its sole benefit and at its own sole expense, additional insurance cover of the types included in the Compulsory Insurances and/or insurance of other types on such terms as Owner thinks fit.
Additional Insurances. The Intercreditor Agent may at any time, having consulted with the Insurance Adviser and acting reasonably and taking into account the availability in the international market place of the following relevant item on reasonable commercial terms, require the Company to:
Additional Insurances. Nothing herein provided shall prevent Owner from arranging, for its sole benefit and at its own sole expense, additional insurance cover; provided, however, that:
(i) to the extent that any claim amount recoverable under additional insurance (for which Charterer was directly or indirectly to have received a benefit) is reduced by reason of the existence of any such other insurance, Owner shall credit Charterer with the amount of such lost benefit;
(ii) such additional insurance may be purchased but only to the extent permitted by and within the warranties of the conditions on which Vessel’s Hull and Machinery Insurance is written, unless agreement for amending such warranties is obtained from underwriters. A Standard form letter of indemnity to be given in return for delivering cargo without production of the original Xxxx of Lading B Standard form letter of indemnity to be given in return for delivering cargo at a port other than that stated in the Xxxx of Lading C Standard form letter of indemnity to be given in return for delivering cargo at a port other than that stated in the Xxxx of Lading and without production of the original Xxxx of Lading To: [ ] the Owner of the LNG Carrier (insert name of ship) Ship: [insert name of ship] Voyage: [insert load/discharge port, as stated in the Xxxx of Lading] Cargo: [insert description of cargo and quantity] Xxxx(s) of Lading: [insert identification number, date, place of issue] Dear Sirs, The above cargo was shipped on the above vessel by (insert name of shipper) and consigned to (insert name of consignee or to whose order the Xxxx of Lading is made out, as appropriate) for delivery at the port of (insert name of discharge port stated in the Xxxx of Lading), but the Bills of Lading have not yet arrived and we (insert name of party requesting delivery), hereby request you to give delivery of the said cargo to (insert name of party to whom delivery is to be made) without production of the original Bills of Lading. In consideration of your complying with our above request, we hereby agree as follows:
1. To indemnify you, your servants and agents and to hold all of you harmless in respect of any liability, loss, damage or expenses of whatsoever nature which you may sustain by reason of delivering the cargo to the above consignees in accordance with our request.
2. In the event of any proceedings being commenced against you or any of your servants or agents in connection with the delivery of the cargo as aforesaid, t...
Additional Insurances. The Agent may at any time, having consulted with the Insurance Adviser and acting reasonably and taking into account the availability in the international market place of the following relevant items on reasonable commercial terms, require the Company or any other Relevant Obligor to:
Additional Insurances. (A) NuclearSub may, by written notice to Xxxxxxxxxx, request that Electrabel procure and maintain insurances in respect of the LTO Units in addition to those required pursuant to Clause 16.1 provided that:
(i) there is an insurable interest; and
(ii) such insurance is available on commercially reasonable terms.
(B) Xxxxxxxxxx agrees to consider any request from NuclearSub pursuant to Clause 16.6(A) and shall determine, in its sole discretion, whether or not to procure such requested insurance.
Additional Insurances. (a) The Facility Agent may in respect of the Mines and the Project Assets by notice to an Insurance Obligor require that Insurance Obligor to procure such insurance coverage in respect of any risks or liabilities other than those specified in Appendix 1 in such amounts and with such deductibles as the Facility Agent may reasonably require taking into account, inter alia, market availability in respect of risks, liabilities and amounts of insurance and the Facility Agent's interests under the Senior Finance Documents; and
(b) An Insurance Obligor shall, following receipt of notices from the Facility Agent under paragraph 2.3(a), insure, with effect from the date of such notice (or as soon as reasonably practicable in the light of prevailing market conditions) against the risks and liabilities, in the amounts and with the deductibles, specified in such notice.
Additional Insurances. 11.1 The Company shall:
(a) procure and maintain all insurances required by applicable Law; and
(b) use its reasonable efforts to cause any Contractor to effect and maintain in full force those insurances which the same is required to effect and maintain in accordance with any applicable Law and to require any such Contractor to include an equivalent provision in any sub contract.
Additional Insurances. 13.1 The insurances taken out under the Blanket Insurance Scheme do not cover any design responsibilities assumed by the Surveyor or his consultants under the Contract. The Surveyor shall, at his own cost and expense, take out insurance to cover such design responsibilities.
13.2 The Surveyor shall also, at his own cost, take out any other additional insurance which he deems necessary to cover any risks not included or not sufficiently included in the BIS.
13.3 Without limiting its obligations or responsibilities under this Contract, the Surveyor shall, before commencement of any execution of Services, at its own cost, procure and maintain the appropriate insurance cover in respect of any liability which it may incur under the provisions of the Work Injury Compensation Act or at Common Law in respect of any xxxxxxx or employees employed by it, and for damage, loss or injury which may occur to any property, or to any person, by or arising out of the execution of the Services.
13.4 Any liability, cost or expenses arising out of the failure by the Surveyor to maintain insurance as specified in Clause 13.3 shall be for the sole account of the Contractor.
13.5 In the event of the Authority (including for this purpose every officer and division thereof) being held liable for damages arising out of any claim by any xxxxxxx or employee employed by the Surveyor in and for the performance of the Contract and/or by any third party whatsoever and howsoever arising in respect of the performance of the Contract, the Surveyor shall indemnify the Authority, its officers or divisions against such claim(s) and any costs, charges and expenses in respect thereof.
13.6 Nothing in this Clause shall be construed to take away or to waive or in any manner to modify the right of Authority to be indemnified by the Surveyor in respect of all claims, costs and other expenses whatsoever which by reason of the Surveyor default or other may be payable by Authority.
