Alternative Insurance. In the event that Declarant or, if different, the owner of a majority of The Properties so elects, such party may maintain insurance providing the coverage required by this Article, in which case the POA shall not be required to maintain its own separate coverage; provided, however, that the policies maintained by Declarant or such majority Owner shall be endorsed to name POA as loss payee for additional insured, as applicable.
Alternative Insurance. (a) Notwithstanding the provisions of Sections 27.1 to 27.5, the Co-Owner that is not the Operator may at any time not less than 30 days prior to the annual insurance renewal date or at any other time mutually agreed between the Co-Owners, elect by written notice to the Operator, not to participate in whole or in part as an insured in the insurance to be obtained and maintained by the Operator under Section 27.1(a). In such event:
(i) in the case of BC Hydro, BC Hydro shall be solely responsible for obtaining and maintaining insurance coverage over its Participation Interest in the Wxxxxx Assets of the type and nature and to the same standard set forth in Section 27.1(a); and
(ii) in the case of Teck, Teck shall be solely responsible for obtaining and maintaining insurance coverage over its Participation Interest in the Wxxxxx Assets of the type and nature and to the same standard set forth in Section 27.1(a); and the Operator shall, at such Co-Owner’s expense, provide such assistance and information with respect to the Wxxxxx Assets as may reasonably be requested by such Co-Owner in connection with such Co-Owner’s efforts to procure such insurance including, without limitation, such underwriting information as may be required by such Co-Owner.
(b) To the extent that a Co-Owner exercises its option to obtain separate insurance (in the case of either Co-Owner that is not the Operator), such Co-Owner shall not be responsible for payment of insurance premiums or deductibles related to the insurance obtained and/or maintained under Section 27.1(a) by the Operator from and after the next annual renewal date, other than in respect of retrospective adjustments to premiums in respect of the policy year in which such option was exercised and deductibles in respect of claims arising during a prior policy year (to the extent that such Co-Owner participated in such insurance in the prior policy year). The amounts of insurance required to be obtained and maintained by the Operator pursuant to Section 27.1(a) shall be reduced in proportion to the Participation Percentage of the Co-Owner electing to opt-out of such insurance coverage.
(c) To the extent that a Co-Owner exercises its option to obtain separate insurance (in the case of either Co-Owner that is not the Operator), such Co-Owner and the Operator shall provide to each other upon the written request of the other and otherwise at least annually, proof and particulars (including the nature or scope of coverage, pre...
Alternative Insurance. City at its option may meet the above insurance requirements via commercial insurance, a qualified program of self-insurance, alternative risk financing solutions, or a combination of these options, after such method has been disclosed to and approved by Microsoft.
Alternative Insurance. Program If your proposal is conditioned on an alternative insurance program (i.e., one that is not made up of traditional, placed policies in the form and substance called for in Exhibit 1 to the Special Terms and Conditions, such as self-insurance), then, in addition to indicating “NO” on Attachment 5-B [Conformance Statement], you must submit a comprehensive description of your proposed program as a Supplement to the attachment. In that supplement, document how your alternative program provides State a materially equivalent degree of protection compared to the mandatory program specified in the Solicitation. Procurement Officer shall determine whether or not the proposed alternative program meets State’s protection needs in the current circumstances, giving fair consideration to the growing use of alternative programs in industry. If Procurement Officer’s reasonable determination is that the proposed alternative program does not meet those needs, then he or she may determine Offeror to be Not Responsible. If you want to vet your proposed alternative insurance program with Procurement Officer before submitting your Offer, submit them no less than 5 (five) business days before the Offer due date and time using the inquiries procedure set forth in in paragraph 2.4, Although you may, if you so choose, submit your Offer conditioned on an alternate program using Attachment 5-B [Conformance Statement], doing so may affect whether or not the offer is determined Responsive or how it is scored in Evaluation (depending on the nature of the variances). Procurement Officer’s pre-offer advice as to whether or not the potential variances might be deemed material (and thus likely resulting in a determination of Not Susceptible for Award) or might affect Evaluation (if it is significant but not material) is for convenience only – only a determination consistent with the Arizona Procurement Code is an official statement.
Alternative Insurance. Delivery of Shares; Payment of the Purchase Price ..........................
Alternative Insurance. If for some reason any Specified Insurance Policy ---------------------- ceases to be available prior to its Expiration Date, or its premium ceases to be fixed at current levels prior thereto, the Corporation will, in consultation with Shareholder, purchase and maintain alternative term insurance for the duration of the period through such Expiration Date providing the maximum coverage then available for the same premium.
