Insurance, Damage. For a period of not less than ten years following the Project Completion Deadline, the Recipient shall maintain, or cause to be maintained, insurance policies with responsible insurers or self-insurance programs, insuring against liability and risk of direct physical loss, damage or destruction of the Project, at least to the extent that similar insurance is customarily carried by governmental units constructing, operating and maintaining similar facilities. Nothing in this provision precludes Recipient from exerting a defense against any party other than OBDD, including a defense of immunity.
Insurance, Damage. Recipient shall maintain, or cause to be maintained, insurance policies with responsible insurers or self-insurance programs, insuring against liability and risk of direct physical loss, damage or destruction of the Project, at least to the extent that similar insurance is customarily carried by governmental units constructing, operating and maintaining similar facilities. Nothing in this provision precludes Recipient from asserting a defense against any party other than OBDD, including a defense of immunity. If the Project or any portion is destroyed, any insurance proceeds will be paid to OBDD and applied to prepay the outstanding balance on the Loan in accordance with section 4.D.(1), unless XXXX agrees in writing that the insurance proceeds may be used to rebuild the Project.
Insurance, Damage. Grantee shall maintain insurance policies with responsible insurers or self-insurance programs, insuring against liability and risk of direct physical loss, damage or destruction of the Project, at least to the extent that similar insurance is customarily carried by governmental units constructing, operating and maintaining similar facilities. If the Project or any portion is destroyed, insurance proceeds will be paid to the State, not to exceed the amount necessary to call or defease the portion of the then outstanding Bonds relating to the Project (including all allocable costs of issuance), unless DAS agrees in writing that the insurance proceeds will be used to rebuild the Project.
Insurance, Damage. Declarant shall maintain insurance policies with responsible insurers or self- insurance programs, insuring against liability and risk of direct physical loss, damage or destruction of the Project, at least to the extent that similar insurance is customarily carried by entities constructing, operating and maintaining similar properties/facilities.
Insurance, Damage. Grantee shall maintain insurance policies with responsible insurers or self-insurance programs, insuring against liability and risk of direct physical loss, damage or destruction of the Project, at least to the extent that similar insurance is customarily carried by governmental units constructing, operating and maintaining similar facilities. If the Project or any portion is destroyed, insurance proceeds will be used to restore the Project to its prior condition if possible and if not, proceeds will be paid to the State, not to exceed the amount necessary to call or defease the portion of the Bonds relating to the Project (including all allocable costs of issuance), unless Xxxxxxx has informed the State in writing that the insurance proceeds will be used to rebuild the Project.
Insurance, Damage. 11.7.1 For so long as the Equipment is in Westaim’s possession, Westaim assumes and shall bear the entire risk of loss, damage to or destruction of the Equipment from any cause whatsoever. Westaim shall obtain and maintain for the Term, at its own expense, insurance against loss or damage to the Equipment including without limitation, loss by fire (including extended coverage), theft, collision and such other risks of loss as are customarily covered by insurance on such type of Equipment and by prudent operators of businesses similar to that in which Westaim is engaged, in such amounts, in such form and with such insurers as shall be satisfactory to S&N, acting reasonably provided that the amount of such insurance shall not be less than the full replacement value of the Equipment. The insurance coverage shall be in favour of both S&N and Westaim as named insureds, shall name S&N as first loss payee, and shall contain a clause requiring the insurer to give S&N at least fifteen (15) business days prior written notice of any alteration in the terms of or cancellation of the policy. On request, Westaim shall furnish to S&N a certificate of insurance or other evidence satisfactory to S&N that such insurance coverage is in effect. Westaim shall give S&N prompt notice of any damage to or loss of the Equipment or any part thereof.
11.7.2 If there is any damage to or loss of any part of the Equipment, Westaim will at its expense make all proofs of loss and take all other steps necessary to recover insurance benefits, unless advised in writing by S&N that S&N desires to do so. Westaim appoints S&N as its agent and attorney to make any claims and receive any payments pursuant to the insurance policies. Proceeds of insurance will be disbursed by S&N against invoices for repair, partial repair or replacement of the Equipment. However, if any part of the Equipment is lost, stolen, destroyed or damaged beyond repair for any reason, the Parties shall determine in good faith discussions whether Westaim or S&N ought to replace the Equipment, such determination to be made in a manner substantially similar to that set out in Article 4 concerning curation of a material supply difficulty.
Insurance, Damage. Hiraeth Campers Ltd.’s Insurance is not a substitute for Travel Insurance. Hiraeth Campers Ltd strongly recommends that all hirers take out the highest level of travel insurance with their travel provider when visiting the United Kingdom & Europe. Insurance and Damage cover is subject to the terms and conditions of our Vehicle Rental Agreement. This means that we indemnify renters against loss and damage that renters sustain as a result of an incident whilst a permitted driver is driving the rented Hiraeth campers Ltd vehicle. However, we will only do this if you have complied with the terms of our Vehicle Rental Agreement and the EXCLUSIONS listed in this document and you have paid the applicable amounts within the timeframes set out in the Hirer Vehicle Rental Agreement.
Insurance, Damage. Until ten years after the Project Completion Date, the Recipient shall maintain, or cause to be maintained, insurance policies with responsible insurers or self-insurance programs, insuring against liability and risk of direct physical loss, damage or destruction of the Project, at least to the extent that similar insurance is customarily carried by governmental units constructing, operating and maintaining similar facilities. Nothing in this provision precludes Recipient from exerting a defense against any party other than OBDD, including a defense of immunity. If the Project or any portion is destroyed, any insurance proceeds will be paid to OBDD, not to exceed the Grant Amount, unless OBDD agrees in writing that the insurance proceeds may be used to rebuild the Project.
Insurance, Damage. Unless and until Grantee transfers the Project and legal title to all real property financed with the Grant to the Successor Grantee, Grantee shall maintain insurance policies with responsible insurers or self-insurance programs, insuring against liability and risk of direct physical loss, damage or destruction of the Project, at least to the extent that similar insurance is customarily carried by governmental units constructing, operating and maintaining similar facilities. If the Project or any portion is destroyed, insurance proceeds will be paid to the State, not to exceed the amount necessary to call or defease the portion of the then outstanding Bonds relating to the Project (including all allocable costs of issuance), unless DAS agrees in writing that the insurance proceeds will be used to rebuild the Project.
Insurance, Damage. REIMBURSEMENT
1. Cars and Choppers are registered under the Lessor's business name and have legal liability insurance for damages caused by the operation of a motor vehicle and accident insurance with a co-participation of 5%, at least CZK 5,000. The insurance conditions are published on the Lessor's website.
2. In the case of imposing a fine for an illegal act caused by the Lessee in connection with the use of the means of transport, the Lessee is obliged to pay such a fine to the administrative body without delay, if possible on the spot and in person. In the event of non-payment of such a fine, the Lessor is entitled to demand payment of the fine from the Lessee and in the event of non-payment to further enforce it.
3. In the event of damage caused by the Lessee in connection with the use of the means of transport, especially non-compliance with legal regulations or at the fault of the Lessee, the damage will not be subject to legal, respectively accident insurance of the Lessor, the Lessee is fully liable for the damage caused. In the event that part of the damage is covered by the Lessor's insurance, the Lessee is obliged to reimburse the Lessor for the remaining part of the damage and co-participation, or only co-participation according to the insurance conditions of the Lessor.
4. The Lessee is also obliged to pay fines for incorrect parking, or costs related to the assembly and disassembly of the means that prevents the departure of the means of transport or the fee for towing the means of transport. In the event of payment of these costs by the Lessor, the Lessor is entitled to demand the payment of these costs from the Lessee and in the event of their non-payment by the Lessee, to further enforce it.
5. In the event that the Lessee leaves the means of transport to the use of a third party, the third party and the Lessee shall be jointly liable for any damage caused and compensation for costs incurred by the Lessor as a result of the breach of the Lessee's obligations.
