Insurance during Agreement Period Sample Clauses

Insurance during Agreement Period. The SPD shall effect and maintain at its own cost, during the Construction Period and the Operation Period, such insurances for such maximum sums as may be required under the Financing Agreements and the Applicable Laws, and such insurances as may be necessary or prudent in accordance with Good Industry Practice. The SPD shall also effect and maintain such insurances as may be necessary for mitigating the risks that may devolve on Railways as a consequence of any act or omission of the SPD during the Construction Period. The SPD shall procure that in each insurance policy, Railways shall be a co-insured and that the insurer shall pay the proceeds of insurance into the Escrow Account. For the avoidance of doubt, the level of insurance to be maintained by the SPD after repayment of Senior Lenders‟ dues in full shall be determined on the same principles as applicable for determining the level of insurance prior to such repayment of Senior Lenders‟ dues. Without prejudice to the provisions contained in Clause 25.1.1, the SPD shall, during the Operation Period, procure and maintain Insurance Cover including but not limited to the following: i. Loss, damage or destruction of the Project Assets, including assets handed over by Railways to the SPD, at replacement value; ii. comprehensive third party liability insurance including injury to or death of personnel of Railways or others who may enter the Rail System; iii. the SPD’s general liability arising out of the Agreement; iv. liability to third parties for goods or property damage; v. workmen’s compensation insurance; and vi. any other insurance that may be necessary to protect the SPD and its employees, including all Force Majeure Events that are insurable at commercially reasonable premiums and not otherwise covered in items (i) to (iv) above. vii. The SPD is advised to take insurance policy with reinstatement clause built-in so any proceeds from insurance claims can cover the cost of a new plant.
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Insurance during Agreement Period. The goods supplied under the Agreement shall be fully insured against loss or damage incidental to manufacture or acquisition; transportation and the expenses shall be borne by the Solar Pumpset Supplier.
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Insurance during Agreement Period. The Operator shall arrange, effect and maintain at its own cost, during the Agreement Period, shall arrange adequate insurance of the premises and all goods (including the value of goods including custom duties, charges etc. as applicable) which are held inside the Project Facility, against risk of fire, flood, riots and strike, malicious damage, theft, burglary, public liability and other such risks as may be guided by the requirement of the regulations in this regard.
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Insurance during Agreement Period. The Operator shall affect and maintain at its own cost, during the Agreement Period, such insurances for such maximum sums as may be required under this Agreement, Applicable Laws, and such insurances as may be necessary or prudent in accordance with Good Industry Practice. The Operator shall also affect and maintain such insurances as may be necessary for mitigating the risks that may devolve on the Authority as a consequence of any act or omission of the Operator during the Contract Period. The Operator shall procure that in each insurance policy, the Authority shall be a co-insured, irrespective of the fact that the Operator alone liable for taking of compulsory and non-compulsory insurance policies and furnishing of copy of each to the Authority and also liable for the risks and claims solely without liability and obligation of Authority. 25.1.1 The Operator has to bear the costs of any liability for damages or accidents during the course of operation, if driver is provided by Authority.
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Insurance during Agreement Period a) At all times during the period of this Agreement, Developer shall at its cost and expense and as per the Applicable Laws and Good Industry Practice, purchase and maintain by due re-instatement or otherwise, all insurances including builders’ all risk insurance, comprehensive third party liability insurance including injury or death to personnel/representatives of Persons who may enter the Project Site, workmen’s compensation insurance, standard fire and special perils, general public liability including loss of life, accident, construction plant and machinery and any other insurance that may be necessary to protect the Developer, its employees and its assets against loss, damage, destruction, business interruption or loss of profit including insurance against all Force Majeure Events that are insurable in respect of the Project Site and Project Facilities in accordance with the Good Industry Practice (“Insurance Cover”). b) The Developer shall, from time to time, provide to NRDA copies of all insurance policies (or appropriate endorsements, certifications or other satisfactory evidence of insurance) obtained by the Developer in accordance with this Agreement. c) All insurance policies supplied by the Developer shall include a waiver of any right of subrogation of the insurers thereunder against, inter alia, NRDA, and its assigns, employees, insurers and any right of the insurers of any set-off or counterclaim or any other deduction, whether by attachment or otherwise, in respect of any liability of any such person insured under any such policy.
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Insurance during Agreement Period. The Technology Partner shall effect and maintain at its own cost, during the Agreement Period, such insurances for such maximum sums as may be required under this Agreement and Applicable Laws, and such insurances as may be necessary or prudent in accordance with Good Industry Practice. The Technology Partner shall also effect and maintain such insurances as may be necessary for mitigating the risks that may devolve on the Government as a consequence of any act or omission of the Technology Partner during the Agreement Period. The Technology Partner shall procure that in each insurance policy, the Government shall be a co-insured and that the insurer shall pay the proceeds of insurance to the Government in the event of Termination.
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Insurance during Agreement Period. 13.1.1 The Contractor shall effect and maintain at its own cost, during the Construction Period, the insurances specified in Schedule O and as per the requirements under the Applicable Laws. 13.1.2 KDA and the Contractor in accordance with their respective obligations as provided for in this Agreement shall be liable to bear the cost of any loss or damage that does not fall under the scope of this Article 13 or cannot be recovered from the insurers. 13.1.3 Subject to the exceptions specified in Sub-clause 13.1.4 below, the Contractor shall, save and except as provided for in the Agreement fully indemnify, hold harmless and defend KDA from and against any and all losses, damages, costs, charges and/or claims with respect to: (a) the death of or injury to any person; or (b) the loss of or damage to any property (other than the Works); that may arise out of or in consequence of the execution and completion of the Works and the remedying of any Defects therein. 13.1.4 Notwithstanding anything stated above in Sub-clause 1 3 .1.3, K D A shall fully indemnify the Contractor from and against any and all losses, damages, costs, charges, proceedings and/or claims arising out of or with respect to a. the permanent use or occupation of land a t S i t e or any part thereof by K D A ; b. the right of KDA to execute the Works, or any part thereof, on, over, under, in or through any land belonging to Site; c. the damage to property which is the unavoidable result of the execution and completion of the Works, or the remedying of any Defects therein, in accordance with the Agreement; and d. the death of or injury to persons or loss of or damage to property resulting from any act or neglect of KDA, its agents, consultants, servants or other contractors, not being employed by the Contractor, Provided that, in the event of any injury or damage as a result of the contributory negligence of the Contractor, KDA shall be liable to indemnify the Contractor from and against any and all losses, damages, costs, charges, proceedings and/or claims to the extent as may be proportionately determined to be the liability of KDA, its consultants, servants or agents or other contractors not associated with the Contractor in such injury or damage. 13.1.5 Without prejudice to the obligations of the Parties as specified under Sub clauses 1 3 .1.3 and 1 3 .1.4, the Contractor shall maintain or effect such third party insurances (including K D A ’ property) as specified in Schedule O .
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Insurance during Agreement Period. 24.1.1 The Concessionaire shall effect and maintain at its own cost but for i.e. in the name of the Authority “Tamil
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Related to Insurance during Agreement Period

  • AGREEMENT PERIOD The terms of this Agreement and the performance of the parties hereto shall commence, or be deemed to have commenced, the 1st day of January 2020 and will continue through the 31st day of December 2020, both dates inclusive, unless sooner terminated or extended as provided for herein.

  • Sales During Pre-Settlement Period Notwithstanding anything herein to the contrary, if at any time on or after the time of execution of this Agreement by the Company and an applicable Purchaser, through, and including the time immediately prior to the Closing (the “Pre-Settlement Period”), such Purchaser sells to any Person all, or any portion, of any shares of Common Stock to be issued hereunder to such Purchaser at the Closing (collectively, the “Pre-Settlement Shares”), such Purchaser shall, automatically hereunder (without any additional required actions by such Purchaser or the Company), be deemed to be unconditionally bound to purchase, and the Company shall be deemed unconditionally bound to sell, such Pre-Settlement Shares to such Purchaser at the Closing; provided, that the Company shall not be required to deliver any Pre-Settlement Shares to such Purchaser prior to the Company’s receipt of the purchase price of such Pre-Settlement Shares hereunder; and provided further that the Company hereby acknowledges and agrees that the forgoing shall not constitute a representation or covenant by such Purchaser as to whether or not during the Pre-Settlement Period such Purchaser shall sell any shares of Common Stock to any Person and that any such decision to sell any shares of Common Stock by such Purchaser shall solely be made at the time such Purchaser elects to effect any such sale, if any.

  • Death During Benefit Period If the Executive dies after the benefit payments have commenced under this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Executive's beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive survived.

  • Partial Disposal During Term of Service Agreement Throughout the Term of the Service Agreement, LEA may request partial disposal of Student Data obtained under the Service Agreement that is no longer needed. Partial disposal of data shall be subject to LEA’s request to transfer data to a separate account, pursuant to Article II, section 3, above.

  • Allocations During the Controlled Accumulation Period During the Controlled Accumulation Period (A) an amount equal to the product of (I) the sum of the Class B Principal Percentage and the Collateral Principal Percentage and (II) the Principal Allocation Percentage and (III) the Series 1997-1 Allocation Percentage and (IV) the aggregate amount of Collections of Principal Receivables deposited in the Collection Account on such Deposit Date, shall be allocated to the Series 1997-1 Certificateholders and retained in the Collection Account until applied as provided herein and (B) an amount equal to the product of (I) the Class A Principal Percentage and (II) the Principal Allocation Percentage and (III) the Series 1997-1 Allocation Percentage and (IV) the aggregate amount of Collections of Principal Receivables deposited in the Collection Account on such Deposit Date (such product for any such date, a "Percentage Allocation") shall be allocated to the Series 1997-1 Certificateholders and retained in the Collection Account until applied as provided herein; provided, however, that if the sum of such Percentage Allocation and all preceding Percentage Allocations with respect to the same Monthly Period exceeds the Controlled Deposit Amount for the related Distribution Date, then such excess shall not be treated as a Percentage Allocation and shall be first, if any other Principal Sharing Series is outstanding and in its amortization period or accumulation period, retained in the Collection Account for application, to the extent necessary, as Shared Principal Collections on the related Distribution Date, and second paid to the Holders of the Transferor Certificates only if the Transferor Amount on such Deposit Date is greater than the Required Transferor Amount (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Special Funding Account.

  • Refund During Cooling-Off Period The PEI will provide the Student with a cooling-off period of seven (7) working days after the date that the Contract has been signed by both parties. The Student will be refunded the highest percentage (stated in Schedule D) of the fees already paid if the Student submits a written notice of withdrawal to the PEI within the cooling-off period, regardless of whether the Student has started the course or not.

  • Time off during notice period During the period of notice of termination given by the employer, an employee shall be allowed up to one day's time off without loss of pay for the purpose of seeking other employment. This time off shall be taken at times that are convenient to the employee after consultation with the employer.

  • Payments to the Liquidity Provider Under the Intercreditor Agreement In order to provide for payment or repayment to the Liquidity Provider of any amounts hereunder, the Intercreditor Agreement provides that amounts available and referred to in Articles II and III of the Intercreditor Agreement, to the extent payable to the Liquidity Provider pursuant to the terms of the Intercreditor Agreement (including, without limitation, Section 3.6(f) of the Intercreditor Agreement), shall be paid to the Liquidity Provider in accordance with the terms thereof. Amounts so paid to the Liquidity Provider shall be applied by the Liquidity Provider to Liquidity Obligations then due and payable in accordance with the Intercreditor Agreement or, if not provided for in the Intercreditor Agreement, then in such manner as the Liquidity Provider shall deem appropriate.

  • Employee leaving during notice period An employee given notice of termination in circumstances of redundancy may terminate their employment during the period of notice. The employee is entitled to receive the benefits and payments they would have received under this clause had they remained in employment until the expiry of the notice, but is not entitled to any payment in lieu of any remaining notice.

  • Allocations During the Early Amortization Period During the Early Amortization Period, an amount equal to the product of (A) the Principal Allocation Percentage and (B) the Series 1997-1 Allocation Percentage and (C) the aggregate amount of Collections of Principal Receivables deposited in the Collection Account on such Deposit Date, shall be allocated to the Series 1997-1 Certificateholders and retained in the Collection Account until applied as provided herein; provided, however, that after the date on which an amount of such Collections equal to the Adjusted Invested Amount has been deposited into the Collection Account and allocated to the Series 1997-1 Certificateholders, such amount shall be first, if any other Principal Sharing Series is outstanding and in its amortization period or accumulation period, retained in the Collection Account for application, to the extent necessary, as Shared Principal Collections on the related Distribution Date, and second paid to the Holders of the Transferor Certificates only if the Transferor Amount on such date is greater than the Required Transferor Amount (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Special Funding Account.

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