Common use of ARTC’s insurance policies Clause in Contracts

ARTC’s insurance policies. (a) ARTC will during the Term take out and maintain a liability insurance policy which provides an indemnity in respect of: (i) loss of, loss of use of, and destruction or damage to, real or personal property; (ii) injury to, or disease or death of, persons; (iii) ARTC's liability to the Operator under clause 15 to the extent coverable by insurance. (b) The liability insurance policy referred to in clause 16.2(a) must have a limit of liability of not less than $250,000,000 for any one occurrence. (c) ARTC will: (i) deliver to the Operator when reasonably requested by the Operator copies of such parts of the liability insurance policy referred to in clause 16.2(a) and the Certificates of Currency in relation to such policy, subject to the details of such policy being kept confidential by the Operator (other than for the purpose of seeking indemnification thereunder); (ii) publish annually the amounts paid by it by way of premiums for the insurance referred to in clause 16.2(a). (d) In the event that there is a substantial reduction in the amounts paid by way of premiums as disclosed under clause 16.2(c)(ii), ARTC will, in consultation with all operators granted access to the Network, apply any such savings towards repairs, maintenance or upgrading of the Network or as otherwise agreed between the parties.

ARTC’s insurance policies. (a) ARTC will during the Term take out and maintain a liability insurance policy which provides an indemnity in respect of: (i) loss of, loss of use of, and destruction or damage to, real or personal property; (ii) injury to, or disease or death of, persons; (iii) ARTC's liability to the Operator under clause 15 to the extent coverable by insurance. (b) The liability insurance policy referred to in clause 16.2(a) must will have a limit of liability of not less than $250,000,000 250350,000,000 for any one occurrence. (c) ARTC willwill : (i) deliver to the Operator when reasonably requested by the Operator copies of such parts of the liability insurance policy referred to in clause 16.2(a) and the Certificates of Currency in relation to such policy, subject to the details of such policy being kept confidential by the Operator (other than for the purpose of seeking indemnification thereunder); (ii) publish annually the amounts paid by it by way of premiums for the insurance referred to in clause 16.2(a). (d) In the event that there is a substantial reduction in the amounts paid by way of premiums as disclosed under clause 16.2(c)(ii), ARTC will, in consultation with all operators granted access to the Network, apply any such savings towards repairs, maintenance or upgrading of the Network or as otherwise agreed between the parties...

ARTC’s insurance policies. (a) ARTC will during the Term take out and maintain a liability insurance policy which provides an indemnity in respect of: (i) loss of, loss of use of, and destruction or damage to, real or personal property; (ii) injury to, or disease or death of, persons;; and (iii) ARTC's liability to the Operator under clause 15 to the extent coverable by insurance. (b) The liability insurance policy referred to in clause 16.2(a) must will have a limit of liability of not less than $250,000,000 for any one occurrence. (c) ARTC will: (i) deliver to the Operator when reasonably requested by the Operator copies of such parts the certificates of currency in relation to the liability insurance policy referred to in clause 16.2(a) and the Certificates of Currency in relation to such policy), subject to the details of such policy being kept confidential by the Operator (other than for the purpose of seeking indemnification thereunder);; and (ii) publish annually the amounts paid by it by way of premiums for the insurance referred to in clause 16.2(a). (d) In the event that there is a substantial reduction in the amounts paid by way of premiums as disclosed under clause 16.2(c)(ii), ARTC will, in consultation with all operators granted access to the Network, apply any such savings towards repairs, maintenance or upgrading of the Network or as otherwise agreed between the parties.

ARTC’s insurance policies. (a) ARTC will during the Term take out and maintain a liability insurance policy which provides an indemnity in respect of: (i) loss of, loss of use of, and destruction or damage to, real or personal property; (ii) injury to, or disease or death of, persons; (iii) ARTC's ’s liability to the Operator under clause 15 to the extent coverable by insurance. (b) The liability insurance policy referred to in clause 16.2(a) must will have a limit of liability of not less than $250,000,000 for any one occurrence. (c) ARTC will: (i) deliver to the Operator when reasonably requested by the Operator copies of such parts of the liability insurance policy referred to in clause 16.2(a) and the Certificates of Currency in relation to such policy, subject to the details of such policy being kept confidential by the Operator (other than for the purpose of seeking indemnification thereunder); (ii) publish annually the amounts paid by it by way of premiums for the insurance referred to in clause 16.2(a). (d) In the event that there is a substantial reduction in the amounts paid by way of premiums as disclosed under clause 16.2(c)(ii), ARTC will, in consultation with all operators granted access to the Network, apply any such savings towards repairs, maintenance or upgrading of the Network or as otherwise agreed between the parties.