General Requirements for Insurance. (a) Contractor shall be responsible for deductibles and self-insured retention, if any, stated in policies. All deductibles or self-insured retention shall be disclosed on the certificate of insurance required above. If coverage is underwritten on a claims-made basis, the retroactive date shall be coincident with the date of this Contract and the certificate of insurance shall state that the coverage is claims made and the retroactive date.
General Requirements for Insurance. (a) Each insurance policy shall be consistent with the general terms set out in this agreement.
General Requirements for Insurance. All insurance obtained by the Contractor shall satisfy the following requirements.
General Requirements for Insurance. Each insurance required to be taken out and maintained by the Contractor in accordance with this Contract shall be effected with reputable insurers and in sufficient amounts and in terms approved by UNICEF. Each policy for loss or damage shall provide for payments to be made in the currencies required to rectify the loss or damage and payments received from insurers shall be used to rectify the loss or damage. The Contractor shall be responsible for funding all amounts within any policy deductible or retention. Except for the insurance referred to in clauses 12.4 and 7.1, the insurance policies shall (i) name UNICEF as an additional joint insured; (ii) include a waiver by the insurer of any subrogation rights against UNICEF; and
General Requirements for Insurance. All insurance required hereunder shall be provided by policies issued by insurance companies who are qualified to do business in the jurisdiction where the Hotel is located with a Best rating of at least A-. All policies of insurance required hereunder shall be in full force and effect at all times throughout the Term, except for the coverage described in Section 14(F)(5) shall be in full force and effect at all times throughout the Term and for an additional period of two (2) years after the expiration of the Term. All insurance policies shall have attached thereto: (a) an endorsement that such policy shall not be canceled or materially changed without at least thirty (30) days’ prior written notice to Licensor and Licensee, (b) an endorsement to the effect that no act or omission of Licensor, Licensee or their respective Affiliates shall affect the obligation of the insurer to pay the full amount of any loss sustained; and (c) an endorsement denying to the insurer rights of subrogation against the Licensor and Licensee, and their respective Affiliates, to the extent rights of recovery against the Licensor and Licensee, and their respective Affiliates, have been waived by the insured prior to occurrence of injury or loss and further providing that the insurance will not be invalidated by such a waiver. Any insurance may be provided under blanket policies of insurance. All insurance maintained by Licensee pursuant to Section 14(F)(2) shall, so long as the Hotel is mortgaged or encumbered pursuant to a mortgage or similar security instrument, be subject to a standard mortgagee clause in favor of the holder of the mortgage or other security instrument and shall provide that the insurance company will have no right of subrogation against such holder.
General Requirements for Insurance. All insurance required hereunder shall be provided with policies meeting the criteria of the Hotel License, provided that coverage may be under blanket policies of Licensee and its Affiliates.
General Requirements for Insurance. 1 Without restricting the generality of the hold harmless provisions of the General Conditions of Contract and without limiting the obligations or liabilities under the Contract, the Contractor shall, provide, maintain, and pay for the insurance coverages specified in this section.
General Requirements for Insurance. (a) PSP shall be responsible for deductibles and self-insured retention, if any, stated in policies. All deductibles or self-insured retention shall be disclosed on the certificate of insurance required above. If coverage is underwritten on a claims-made basis, the retroactive date shall be coincident with the date of this Agreement and the certificate of insurance shall state that the coverage is claims made and the retroactive date.
General Requirements for Insurance. (a) Contractor agrees that each of the insurance policies obtained shall meet the requirements of this Agreement and contain the following:
General Requirements for Insurance. Each insurance policy shall be consistent with the general terms set out as part of the Construction Requirements. The Contractor shall at the time of availing the Mobilisation Advance as indicated in Schedule 3, submit to PWD: a. evidence that the insurances described in this Article have been effected, and b. copies of the insurance policies; When each premium has been paid, the Contractor shall submit copy of the receipts to PWD. The Contractor shall, when providing such evidences/ copies of receipts to PWD, simultaneously notify the Project Engineer of the same. The Contractor shall comply with the conditions stipulated in each of the insurance policies. The Contractor shall make no material alteration to the terms of any insurance without the prior approval of PWD. If the Contractor fails to effect and keep in force any of the insurances required under the Agreement, or fails to provide satisfactory evidence, policies and receipts in accordance with this Article, PWD may, without prejudice to any other right or remedy, effect insurance for the coverage relevant to such default, and pay the premiums due thereon. Such payments shall be recoverable from the Contractor by PWD and.! or may be deducted by PWD from any monies due, or become due, to the Contractor. 16
