Common use of Insurance and Risk Clause in Contracts

Insurance and Risk. 25.1 Each party shall procure and maintain for the duration of this Agreement policies of insurance to cover its liabilities set out in clause 24. The terms of such policies of insurance shall include provisions whereby, in the event of any claim or proceedings in respect of which a party would be entitled to receive indemnity under the policy, being brought or made against the other party, the insurers shall indemnify the other party against any costs, charges and expenses thereof and whereby the insurers give a waiver of subrogation in respect of any indemnity given by a party to the other party. 25.2 Each party shall provide, on reasonable request, evidence of the insurance cover referred to in clause 25.1 on or before the Commencement Date and thereafter at any time during the period of this Agreement as the other party shall reasonably require. If a party is unable to demonstrate to the other party’s reasonable satisfaction that it has a reasonable level of insurance, with a reputable insurer, in respect of its liabilities under clause 24, the other party shall be entitled to effect insurance against all claims, proceedings, losses, liabilities, costs, damages and expenses caused by that party’s negligence, other default or deliberate act arising out of or in connection with this Agreement and to recover the reasonable cost of such insurance from that party.

Insurance and Risk. 25.1 Each party shall procure and maintain for the duration of this Agreement policies of insurance to cover its liabilities set out in clause 24. The terms of such policies of insurance shall include provisions whereby, in the event of any claim or proceedings in respect of which a party would be entitled to receive indemnity under the policy, being brought or made against the other party, the insurers shall indemnify the other party against any costs, charges and expenses thereof and whereby the insurers give a waiver of subrogation in respect of any indemnity given by a party to the other party. 25.2 Each party shall provide, on reasonable request, provide evidence of the insurance cover referred to in clause 25.1 on or before the Commencement Date and thereafter at any time during the period of this Agreement as the other party shall reasonably require. If a party is unable to demonstrate to the other party’s reasonable satisfaction that it has a reasonable level of insurance, with a reputable insurer, in respect of its liabilities under clause 24, the other party shall be entitled to effect insurance against all claims, proceedings, losses, liabilities, costs, damages and expenses caused by that party’s negligence, other default or deliberate act arising out of or in connection with this Agreement and to recover the reasonable cost of such insurance from that party.

Insurance and Risk. 25.1 Each party shall procure and maintain for the duration of this Agreement policies of insurance to cover its liabilities set out in clause 24. The terms of such policies of insurance shall include provisions whereby, in the event of any claim or proceedings in respect of which a party would be entitled to receive indemnity under the policy, being brought or made against the other party, the insurers shall indemnify the other party against any costs, charges and expenses thereof and whereby the insurers give a waiver of subrogation in respect of any indemnity given by a party to the other party.party.‌ 25.2 Each party shall provide, on reasonable request, evidence of the insurance cover referred to in clause 25.1 on or before the Commencement Date and thereafter at any time during the period of this Agreement as the other party shall reasonably require. If a party is unable to demonstrate to the other party’s reasonable satisfaction that it has a reasonable level of insurance, with a reputable insurer, in respect of its liabilities under clause 24, the other party shall be entitled to effect insurance against all claims, proceedings, losses, liabilities, costs, damages and expenses caused by that party’s negligence, other default or deliberate act arising out of or in connection with this Agreement and to recover the reasonable cost of such insurance from that party.

Insurance and Risk. 25.1 22.1 Each party shall procure and maintain for the duration of this Agreement policies of insurance to cover its liabilities set out in clause 2421. The terms of such policies of insurance shall include provisions whereby, in the event of any claim or proceedings in respect of which a party would be entitled to receive indemnity under the policy, being brought or made against the other party, the insurers shall indemnify the other party against any costs, charges and expenses thereof and whereby the insurers give a waiver of subrogation in respect of any indemnity given by a party to the other party. 25.2 22.2 Each party shall provide, on reasonable request, provide evidence of the insurance cover referred to in clause 25.1 22.1 on or before the Commencement Date and thereafter at any time during the period of this Agreement as the other party shall reasonably require. If a party is unable to demonstrate to the other party’s reasonable satisfaction that it has a reasonable level of insurance, with a reputable insurer, in respect of its liabilities under clause 2421, the other party shall be entitled to effect insurance against all claims, proceedings, losses, liabilities, costs, damages and expenses caused by that party’s negligence, other default or deliberate act arising out of or in connection with this Agreement and to recover the reasonable cost of such insurance from that party.