Insurance Arrangements Sample Clauses
Insurance Arrangements. (only applicable if agreed according to Box 8) The Managers shall arrange insurances in accordance with Clause 6, on such terms and conditions as the Owners shall have instructed or agreed, in particular regarding conditions, insured values, deductibles and franchises.
Insurance Arrangements. (only applicable if agreed according to Box 8)
Insurance Arrangements. (only applicable if agreed according to Box 8) The Managers shall arrange insurances in accordance with Clause 6 subject to the following: Throughout the term of this Agreement, the Managers shall consult with the Owners prior to the time of each renewal of the Owners’ Insurances (as defined in Clause 6.1) and, unless the Owners obtain insurance coverage from other parties as set forth below in this Clause 3.4, the Managers shall secure coverage for the Owners’ Insurances for the Vessel at the Owners’ expense through the Managers’ insurance program on coverage amounts (except for hull and machinery insurance in which is subject to Clause 6.6 of this Agreement), terms and conditions that the Managers shall determine. The Managers shall obtain insurance coverage for the Vessel through the Managers’ insurance program that is in accordance with the best practice of prudent owners of vessels of a similar type to the Vessel, with first class insurance companies, underwriters or associations. If the Owners can demonstrate that the insurance coverage provided by the Managers is not in accordance with the preceding sentence and the Managers do not make the amendments necessary for such coverage to meet such standards, the Owners shall have the right to place the Owners’ Insurances through third parties, provided that (x) the terms and conditions of the Owners’ Insurances proposed by the Owners to be placed with third parties do not, in the reasonable opinion of the Managers, impose any additional cost or liability on the Managers under the Charter and (y) prior to placing the insurance through third parties, Owners shall agree to indemnify Managers for any additional cost or liability on the Managers under the Charter resulting from any such insurance placement . If the Owners place any component policy of the Owners’ Insurances through third parties in accordance with the preceding sentence, the Managers shall have the right to terminate any other policy placed by it on behalf of the Owners, and (i) any unearned premium advanced by the Owners shall be refunded to the Owners and (ii) any premium due and any liability for calls for the period of coverage placed by the Managers shall remain for the account of the Owners until fully discharged. The Managers shall arrange for the Owners’ Insurances to be in place as of the effective date of this Agreement and shall maintain the insurance cover existing immediately prior to such effective date at least until the dischar...
Insurance Arrangements. 3.5.1. The Owners shall arrange insurances in accordance with Clause 6.1.
3.5.2. The Managers shall immediately inform and keep the Owners informed of any incident which gives or may give rise to claims or disputes relating to the insurances effected in accordance with Clause 6.
3.5.3. The Owners shall or, in their sole discretion instruct the Managers on a case-by-case basis and in consultation with the Owners to, handle insurance, average and salvage claims in connection with the Vessel. Any costs reasonably incurred by the Managers in handling claims in accordance with this Clause shall be paid by or for the account of the Owners. Until notified to the contrary, the Managers shall process all insurance claims relating to the Crew, in consultation with Owners.
Insurance Arrangements. (only applicable if agreed according to Box 8) This document is a computer generated XXXXXXX 98 form printed by authority of BIMCO. Any insertion or deletion to the form must be clearly visible. In the event of any modification made to the pre-printed text of this document which is not clearly visible, the text of the original BIMCO approved document shall apply. BIMCO assumes no responsibility for any loss, damage or expense as a result of discrepancies between the original BIMCO approved document and this computer generated document.
Insurance Arrangements. (a) The members of the Seller Group are the primary named insureds with respect to all insurance coverage applicable to the Business for periods prior to Closing. Buyers and Sellers agree that, upon Closing, all insurance coverage provided in relation to the Business pursuant to any such policies shall be terminated, provided that the Subsidiaries shall retain the benefit of the policies of insurance in relation to liabilities for events occurring prior to Closing but in respect of which no claim has yet arisen at the time of Closing. Sellers agree to be responsible for, and to pay, any liabilities arising from final audits under all such policies, and Sellers shall indemnify Buyers with respect to any such liabilities.
(b) Sellers shall use commercially reasonable efforts to cause Buyers to be named as additional insured persons under each liability policy of insurance with coverage applicable to the Business that is in effect as of the Closing Date, but only with respect to claims arising from events occurring prior to the Closing Date. Sellers shall cause to be delivered to Buyers evidence of such additional insured status.
(c) Buyers and Sellers agree that, upon the request of Buyers, any claims made under the insurance policies applicable to the Business maintained by Sellers and referred to in Section 5.23(a) in respect of the Business shall be administered and collected by Sellers (or by a claims handler appointed by Sellers) on behalf of Buyers. Buyers shall cooperate with Sellers to enable Sellers to comply with the requirements of the relevant insurer, and Buyers shall provide such information and assistance as Sellers may reasonably request in connection with any such claim. Sellers shall pursue claims on behalf of Buyers or the Subsidiaries for recovery in respect of the policies attributable to the Business as requested by Buyers. Any monies received by Sellers as a result of such claims and allocable to the Business shall be paid over to the Subsidiaries or Buyers, net of all reasonable costs and expenses of recovery (including all reasonable handling and collection charges by any claims handler appointed by Sellers). Buyers agree to reimburse Sellers for any deductibles, payments following reservations of rights or similar payments relating to the Subsidiaries that are billed to Sellers as the holder of the policy in connection with the type of claims described in this paragraph, and Buyers shall indemnify Sellers with respect to any such am...
Insurance Arrangements. 11.1. Insurance cover for volunteers who carry out the activities listed in Schedule 1 will be in accordance with clause 4 of this MoU.
11.2. Insurance cover for voluntary workers who participate in the activities listed in Schedule 2 will be in accordance with clause 5 of this MoU.
11.3. The Friends will maintain public liability insurance cover in respect of its activities in relation to the ANBG.
Insurance Arrangements. Additional guarantee of fulfilling of obligations, conditions and duties according the Contract in fixed term and proper quality is Investor’s rendering of Insurance arrangements according the Resolution of City Meeting of Sochi #350, November, 21, 2005 “About obligatory property insurance of city Administration under Investment contracts”
Insurance Arrangements. Sub-hubco must comply with the provisions of this Section 4 of Schedule Part 15 when placing or renewing the Operational Insurances. Not less than [sixty (60)] Business Days prior to the [first Phase] Completion Date and each subsequent renewal date in respect of each of the Operational Insurances, Sub-hubco must inform the Authority’s Representative of the forthcoming requirement to place or renew an Operational Insurance and its proposals for obtaining competitive quotations from at least ([three (3)] suitable insurers. Sub-hubco must take advice from reputable insurance brokers experienced in arranging insurances for similar risks as to which insurers are most likely to provide quotations that will represent best value for money for the Authority as payer of the premiums for such insurance. In considering which insurers to approach, Sub-hubco must consider whether the private sector partner in hubco enjoys any special relationship with any insurer and/or is otherwise able to procure the placing of the relevant insurance in any particular manner consistent with the requirements of this Agreement that may result in lower premiums and shall include such insurers in its proposal under this paragraph 2. Within [ten (10)] Business Days of receiving a notice from Sub-hubco pursuant to paragraph 2, the Authority may provide Sub-hubco with details of any other insurers that it wishes Sub-hubco to invite to quote for provision of the relevant Operational Insurance. Not less than [thirty (30)] Business Days prior to the [first Phase] Completion Date and each subsequent renewal date for any of the Operational Insurances, Sub-hubco must forward to the Authority’s Representative quotes from the proposed insurers (together with the principal terms and conditions of the relevant insurance policies), to include any insurer nominated by the Authority pursuant to paragraph 3, including a reasoned recommendation as to which quote Sub-hubco views as offering best value for money for the Authority, taking into account all relevant circumstances. Within [ten (10)] Business Days of receiving a recommendation from Sub-hubco pursuant to paragraph 4, the Authority must notify Sub-hubco in writing which insurer it is to place the relevant Operational Insurance with, failing which Sub-hubco shall be entitled to place the relevant Operational Insurance with the insurer recommended by Sub-hubco.
Insurance Arrangements. (only applicable if agreed according to Box 8) The Managers shall arrange insurances in accordance with 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 This document is a computer generated SXXXXXX 98 form printed by authority of BIMCO. Any insertion or deletion to the form must be clearly visible. In the event of any modification made to the pre-printed text of this document which is not clearly visible, the text of the original BIMCO approved document shall apply. BIMCO assumes no responsibility for any loss, damage or expense as a result of discrepancies between the original BIMCO approved document and this computer generated document.