Insurance Covenants. Lessee will:-
(a) ensure that all legal requirements as to insurance of the Aircraft, any Engine or any Part which may from time to time be imposed by the laws of the State of Registration or any state to, from or over which the Aircraft may be flown, in so far as they affect or concern the operation of the Aircraft, are complied with and in particular those requirements compliance with which is necessary to ensure that (i) the Aircraft is not in danger of detention or forfeiture, (ii) the Insurances remain valid and in full force and effect, and (iii) the interests of the Indemnitees in the Insurances and the Aircraft or any Part are not thereby prejudiced;
(b) not use, cause or permit the Aircraft, any Engine or any Part to be used for any purpose or in any manner not covered by the Insurances or outside any geographical limit imposed by the Insurances;
(c) comply with the terms and conditions of each policy of the Insurances and not do, consent or agree to any act or omission which:-
(i) invalidates or may invalidate the Insurances; or
(ii) renders or may render void or voidable the whole or any part of any of the Insurances; or
(iii) brings any particular liability within the scope of an exclusion or exception to the Insurances;
(d) not take out without the prior written approval of Lessor any insurance or reinsurance in respect of the Aircraft other than those required under this Agreement unless relating solely to hull total loss, business interruption, profit commission and deductible risk;
(e) commence renewal procedures at least * days prior to expiry of any of the Insurances and provide to Lessor:-
(i) if requested by Lessor, a written status report of renewal negotiation * days prior to each expiry date;
(ii) telexed telecopy confirmation of completion of renewal prior to each expiry date; and
(iii) certificates of insurance (and where appropriate certificates of reinsurance), and broker's (and any reinsurance brokers') letter of undertaking in a form acceptable to Lessor in English, detailing the coverage and confirming the insurers' (and any reinsurers') agreement to the specified insurance requirements of this Agreement within * days after each renewal date;
(f) on request, provide to Lessor copies of documents or other information evidencing the Insurances;
(g) on request, provide to Lessor evidence that the Insurance premiums have been paid;
(h) not make any modification or alteration to the Insurances material and adverse to the interests ...
Insurance Covenants.
(a) The Generator shall put in effect and maintain, or cause its Subcontractors, where appropriate, to maintain, with insurers licenced in Alberta, from the commencement of construction of the Facility to the Commercial Operation Date, at its own cost and expense, all the necessary and appropriate insurance required under all Applicable Law (including workers' compensation insurance coverage for all personnel of Generator and any Subcontractor of any tier) as well as those that a prudent Person in the business of developing and operating the Facility would maintain including policies for "all-risk" property insurance covering not less than the probable maximum loss of the Facility, "all-risk" equipment breakdown insurance, "wrap-up" liability insurance and "commercial general liability" insurance with a rider to extend coverage to include Environmental Incidents.
(b) The Generator shall put in effect and maintain, or cause its Subcontractors, where appropriate, to maintain, with insurers licenced in Alberta, from the Commercial Operation Date to the expiry of the Term, at its own cost and expense, all the necessary and appropriate insurance required under Applicable Law (including workers' compensation insurance coverage for all personnel of Generator and any Subcontractor tier) as well as those that a prudent Person in the business of developing and operating the Facility would maintain.
(c) Any policies described in this Section 3.2 must (i) for any property insurance, contain a waiver of subrogation in favour of the Indemnitees; and (ii) for any liability insurance, include the Indemnitees as additional insureds with respect to liability arising in the course of performance of the obligations under, or otherwise in connection with, this Agreement, in which case the policy shall be non-contributing and primary with respect to coverage in favour of the Indemnitees. The limit for liability policies described in this Section 3.2 shall be for an amount appropriate for the size and scope of the Facility.
(d) The Generator shall provide the AESO with a certified true copy of the insurance policies required in this Section 3.2 which confirms the relevant coverage, including endorsements on or before the commencement of the construction of the Facility, and renewals or replacements on or before the expiry of any such insurance.
Insurance Covenants. 47 9.5 Failure to Insure................................................48 9.6
Insurance Covenants. Lessee will:-
(a) ensure that all legal requirements as to insurance of the Aircraft, any Engine or any Part which may from time to time be imposed by the laws of the State of Registration or any state to, from or over which the Aircraft may be flown, in so far as they affect or concern the operation of the Aircraft, are complied with and in particular those requirements compliance with which is necessary to ensure that (i) the Aircraft is not in danger of detention or forfeiture, (ii) the Insurances remain valid and in full force and effect, and (iii) the interests of the Indemnitees in the Insurances and the Aircraft or any Part are not thereby prejudiced; (b) not use, cause or permit the Aircraft, any Engine or any Part to be used for any purpose or in any manner not covered by the Insurances or outside any geographical limit imposed by the Insurances; (c) comply with the terms and conditions of each policy of the Insurances and not do, consent or agree to any act or omission which:- (i) invalidates or may invalidate the Insurances; or (ii) renders or may render void or voidable the whole or any part of any of the Insurances; or (iii) brings any particular liability within the scope of an exclusion or exception to the Insurances;
Insurance Covenants.
(a) The Supplier shall put in effect and maintain, or cause its contractors, where appropriate, to maintain, from the commencement of the construction of the Facility to the expiry of the Term, at its own cost and expense, all the necessary and appropriate insurance that a prudent Person in the business of developing, constructing, financing and operating the Facility would maintain including policies for “all-risk” property insurance covering not less than the full replacement value of the Facility, “all-risk” equipment breakdown insurance, “wrap-up” liability insurance and “commercial general liability” insurance with a rider to extend coverage to include Environmental Incidents.
(b) Any policies described in this Section 2.8 must (i) for any property insurance, contain a waiver of subrogation in favour of the Indemnitees; and (ii) for any liability insurance, include the Indemnitees as additional insureds with respect to liability arising in the course of performance of the obligations under, or otherwise in connection with, this Agreement, in which case the policy shall be non- contributing and primary with respect to coverage in favour of the Indemnitees. The limit for liability policies described in this Section 2.8 shall be for an amount appropriate for the size and scope of the Facility.
(c) Within ten (10) Business Days of any request therefore by the Buyer, the Supplier shall provide the Buyer, via electronic submission, with an electronic certificate of each insurance policy required in this Section 2.8 which confirms the relevant coverage, including endorsements, and that is issued in the name of, or otherwise confirms coverage of, the Supplier and the Facility, as applicable.
(d) If the Supplier is subject to the Workplace Safety and Insurance Act (Ontario), it shall submit a valid clearance certificate of Workplace Safety and Insurance Act coverage to the Buyer on or prior to the commencement of construction of the Facility. In addition, the Supplier shall, from time to time at the request of the Buyer, provide additional Workplace
Insurance Covenants. The Lessor hereby accepts all covenants between the Lessee and each insurer made in accordance with the terms of the Operative Documents for their respective benefit, including, but not limited to, the naming of the Lessor as an additional insured or as loss payee, as the case may be.
Insurance Covenants. The undertakings in this Clause 21 will become effective on the Delivery Date (unless stated otherwise) and shall remain in force from that date for so long as any amount is outstanding under the Finance Documents or any Commitment is in force.
Insurance Covenants. Under current law, the granting of a usufruct and bailment for hire does not impose upon the tenant any obligation to insure the property that is the subject of such grant; however, in this Lease, the parties, by operation of express covenant and not by operation of law, have provided that the tenant shall be responsible for insuring the Project.
Insurance Covenants. (a) The Generator agrees to put in effect and maintain, from the date of this Agreement to the expiry of the Term, whether through contractors or directly at its own cost and expense, as applicable, insurance with respect to the Facility with reputable insurance companies against such risks and up to such limits as a prudent owner or tenant of premises such as the Facility would procure, including appropriate coverage of construction risks during each Unit’s Refurbishment and, as appropriate, nuclear liability insurance; provided that in no event shall such insurance coverage be less than that required by Laws and Regulations.
(b) The Generator shall provide the Counterparty with proof of the insurance required by this Agreement in the form of valid certificates of insurance that confirm the required coverage, on or before the commencement of each Unit’s Refurbishment, and thereafter at the reasonable request of the Counterparty. Upon the request of the Counterparty, a copy of each insurance policy shall be made available to it.
(c) If the Generator is subject to the Workplace Safety and Insurance Act (Ontario) (the “WSIA”), it shall submit a valid clearance certificate of WSIA coverage to the Counterparty prior to the Effective Date. In addition, the Generator shall, from time to time at the request of the Counterparty, provide additional WSIA clearance certificates. The Generator agrees to pay when due, all amounts required to be paid by it in respect of a Refurbishment, from time to time from the Effective Date, under the WSIA. The Generator agrees, in accordance with its obligations under the WSIA, to cause each of its contractors and subcontractors to comply with their respective obligations under the WSIA in respect of each Refurbishment. The Counterparty shall have the right, in addition to and not in substitution for any other right it may have pursuant to this Agreement or otherwise at law or in equity, to pay to the Workplace Safety and Insurance Board any amount due pursuant to the WSIA and unpaid by the Generator or its contractors or subcontractors in respect of a Refurbishment and to deduct such amount from any amount due and owing from time to time to the Generator pursuant to this Agreement.
Insurance Covenants. Any requirement of Clause 19.10 or Clause 25 is not satisfied.
