Common use of Insurance during Concession Period Clause in Contracts

Insurance during Concession Period. 29.1.1 The Concessionaire 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 Concessionaire shall also effect 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 Concessionaire during the Construction Period. The Concessionaire shall procure that in each insurance policy, the Authority shall be a co-insured. For the avoidance of doubt, the level of insurance to be maintained by the Concessionaire 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. 29.1.2 Without prejudice to the provisions contained in Article 29. 1.1 the Concessionaire shall, during the Operation Period, procure and maintain Insurance Cover including but not limited to the following: (a) Loss, damage or destruction of the Project Assets, including assets handed over by the Authority to the Concessionaire, at replacement value; (b) comprehensive third party liability insurance including injury to or death of personnel of the Authority or others who may enter the Project; (c) the Concessionaire's general liability arising out of the Concession; (d) liability to third parties for goods or property damage; (e) workmen's compensation insurance; (f) any other insurance that may be necessary to protect the Concessionaire and its employees, including all Force Majeure Events that are insurable at commercially reasonable premiums and not otherwise covered in items above; and (g) Professional Indemnity insurance as per the existing practice of the Authority.

Insurance during Concession Period. 29.1.1 26.1.1 The Concessionaire 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 Concessionaire shall also effect and maintain such insurances as may be necessary for mitigating the risks that may devolve on the Authority MOR as a consequence of any act or omission of the Concessionaire during the Construction Period. The Concessionaire shall procure that in each insurance policy, the Authority MOR shall be a co-insuredinsured 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 Concessionaire after repayment of Senior Lenders' 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' Lenders‟ dues. 29.1.2 26.1.2 Without prejudice to the provisions contained in Article 29. 1.1 Clause 26.1.1, the Concessionaire shall, during the Operation Period, procure and maintain Insurance Cover including but not limited to the following: (ai) Loss, damage or destruction of the Project Assets, including assets handed over by the Authority MOR to the Concessionaire, at replacement value; (bii) comprehensive third party liability insurance including injury to or death of personnel of the Authority MOR or others who may enter the ProjectRail System; (ciii) the Concessionaire's Concessionaire‟s general liability arising out of the Concession; (div) liability to third parties for goods or property damage; (ev) workmen's workmen‟s compensation insurance;; and (fvi) any other insurance that may be necessary to protect the Concessionaire and its employees, including all Force Majeure Events that are insurable at commercially reasonable premiums and not otherwise covered in items (i) to (v) above; and (g) Professional Indemnity insurance as per the existing practice of the Authority.

Insurance during Concession Period. 29.1.1 The Concessionaire 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 Concessionaire shall also effect 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 Concessionaire during the Construction Period. The Concessionaire shall ensure and procure that in each insurance policy, the Authority shall be a co-insured. For the avoidance of doubt, the level of insurance to be maintained by the Concessionaire 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. 29.1.2 Without prejudice to the provisions contained in Article 29. 1.1 Clause 29.1.1, the Concessionaire shall, during the Operation Period, procure and maintain Insurance Cover including but not limited to the following: (ai) Loss, damage or destruction of the Project Assets, including assets handed over by the Authority to the Concessionaire, at replacement value; (bii) comprehensive third party liability insurance including injury to or death of personnel of the Authority or others who may enter the ProjectHospital; (ciii) the Concessionaire's general liability arising out of the Concession; (div) liability to third parties for goods or property damage; (ev) workmen's compensation insurance;; and (fvi) any other insurance that may be necessary to protect the Concessionaire and its employees, including all Force Majeure Events that are insurable at commercially reasonable premiums and not otherwise covered in items (i) to (v) above; and (g) Professional Indemnity insurance as per the existing practice of the Authority.

Insurance during Concession Period. 29.1.1 The Concessionaire 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 Concessionaire shall also effect and maintain such insurances as may be necessary for mitigating the risks that may devolve on the Authority MOR as a consequence of any act or omission of the Concessionaire during the Construction Period. The Concessionaire shall procure that in each insurance policy, the Authority MOR shall be a co-insuredinsured 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 Concessionaire after repayment of Senior Lenders' 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' Lenders‟ dues. 29.1.2 Without prejudice to the provisions contained in Article 29. 1.1 Clause 29.1.1, the Concessionaire shall, during the Operation Period, procure and maintain Insurance Cover including but not limited to the following: (ai) Loss, damage or destruction of the Project Assets, including assets handed over by the Authority MOR to the Concessionaire, at replacement value; (bii) comprehensive third party liability insurance including injury to or death of personnel of the Authority MOR or others who may enter the ProjectRail System; (ciii) the Concessionaire's Concessionaire‟s general liability arising out of the Concession; (div) liability to third parties for goods or property damage; (ev) workmen's workmen‟s compensation insurance;; and (fvi) any other insurance that may be necessary to protect the Concessionaire and its employees, including all Force Majeure Events that are insurable at commercially reasonable premiums and not otherwise covered in items (i) to (v) above; and (g) Professional Indemnity insurance as per the existing practice of the Authority.

Insurance during Concession Period. 29.1.1 33.1.1 The Concessionaire 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 Concessionaire shall also effect 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 Concessionaire during the Construction Period. The Concessionaire shall procure that in each insurance policy, the Authority shall be a co-insured. For the avoidance of doubt, the level of insurance to be maintained by the Concessionaire 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. 29.1.2 33.1.2 Without prejudice to the provisions contained in Article 29. 1.1 Clause 33.1.1, the Concessionaire shall, during the Operation Period, procure and maintain Insurance Cover including but not limited to the following: (ai) Loss, damage or destruction of the Project Assets, including assets handed over by the Authority to the Concessionaire, at replacement value; (bii) comprehensive third party liability insurance including injury to or death of personnel of the Authority or others who may enter the ProjectHealthcare Network; (ciii) the Concessionaire's ’s general liability arising out of the Concession; (div) liability to third parties for goods or property damage; (ev) workmen's ’s compensation insurance;; and (fvi) any other insurance that may be necessary to protect the Concessionaire and its employees, including all Force Majeure Events that are insurable at commercially reasonable premiums and not otherwise covered in items (i) to (v) above; and (g) Professional Indemnity insurance as per the existing practice of the Authority.

Insurance during Concession Period. 29.1.1 33.1.1 The Concessionaire 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 Concessionaire shall also effect 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 Concessionaire during the Construction Period. The Concessionaire shall procure that in each insurance policy, the Authority shall be a co-insured. .For the avoidance of doubt, the level of insurance to be maintained by the Concessionaire after repayment of Senior Lenders' 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' Lenders‟ dues. 29.1.2 33.1.2 Without prejudice to the provisions contained in Article 29. 1.1 Clause 33.1.1, the Concessionaire shall, during the Operation Period, procure and maintain Insurance Cover including but not limited to the following: (ai) Loss, damage or destruction of the Project Assets, including assets handed over by the Authority to the Concessionaire, at replacement value; (bii) comprehensive third party liability insurance including injury to or death of personnel of the Authority or others who may enter the ProjectHealthcareNetwork; (ciii) the Concessionaire's Concessionaire‟s general liability arising out of the Concession; (div) liability to third parties for goods or property damage; (ev) workmen's workmen‟s compensation insurance;; and (fvi) any other insurance that may be necessary to protect the Concessionaire and its employees, including all Force Majeure Events that are insurable at commercially reasonable premiums and not otherwise covered in items (i) to (v) above; and (g) Professional Indemnity insurance as per the existing practice of the Authority.

Insurance during Concession Period. 29.1.1 The Concessionaire 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 Concessionaire shall also effect 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 Concessionaire during the Construction Period. The Concessionaire shall procure that in each insurance policy, the Authority shall be a co-insured. For the avoidance of doubt, the level of insurance to be maintained by the Concessionaire 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. 29.1.2 Without prejudice to the provisions contained in Article 29. 1.1 the Concessionaire shall, during the Operation Period, procure and maintain Insurance Cover including but not limited to the following: (a) Loss, damage or destruction of the Project Assets, including assets handed over by the Authority to the Concessionaire, at replacement value; (b) comprehensive third party liability insurance including injury to or death of personnel of the Authority or others who may enter the Project; (c) the Concessionaire's general liability arising out of the Concession; (d) liability to third parties for goods or property damage; (e) workmen's compensation insurance;; and (f) any other insurance that may be necessary to protect the Concessionaire and its employees, including all Force Majeure Events that are insurable at commercially reasonable premiums and not otherwise covered in items above; and. (g) Professional Indemnity insurance as per the existing practice of the Authority.

Insurance during Concession Period. 29.1.1 The Concessionaire 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 Concessionaire shall also effect 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 Concessionaire during the Construction Period. The Concessionaire shall procure that in each insurance policy, the Authority shall be a co-insured. For the avoidance of doubt, the level of insurance to be maintained by the Concessionaire 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. 29.1.2 Without prejudice to the provisions contained in Article 29. 1.1 the Concessionaire shall, during the Operation Period, procure and maintain Insurance Cover including but not limited to the following: (a) Loss, damage or destruction of the Project Assets, including assets handed over by the Authority to the Concessionaire, at replacement value; (b) comprehensive third party liability insurance including injury to or death of personnel of the Authority or others who may enter the Project; (c) the Concessionaire's general liability arising out of the Concession; (d) liability to third parties for goods or property damage; (e) workmen's compensation insurance;; and (f) any other insurance that may be necessary to protect the Concessionaire and its employees, including all Force Majeure Events that are insurable at commercially reasonable premiums and not otherwise covered in items above; and (g) Professional Indemnity insurance as per the existing practice of the Authority.

Insurance during Concession Period. 29.1.1 34.1.1 The Concessionaire 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 Concessionaire shall also effect 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 Concessionaire during the Construction Period. The Concessionaire shall procure that in each insurance policy, the Authority shall be a co-insured. For the avoidance of doubt, the level of insurance to be maintained by the Concessionaire 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. 29.1.2 34.1.2 Without prejudice to the provisions contained in Article 29. 1.1 Clause 34.1.1, the Concessionaire shall, during the Operation Operations Period, procure and maintain Insurance Cover including but not limited to the following: (a) Loss, damage or destruction of the Project Assets, including assets handed over by the Authority to the Concessionaire, at replacement value; (b) comprehensive third party liability insurance including injury to or death of personnel of the Authority or others who may enter the ProjectHospital and/or the Medical College; (c) the Concessionaire's ’s general liability arising out of the Concession; (d) liability to third parties for goods or property damage; (e) workmen's ’s compensation insurance;; and (f) any other insurance that may be necessary to protect the Concessionaire and its employees, including all Force Majeure Events that are insurable at commercially reasonable premiums and not otherwise covered in items (a) to (e) above; and (g) Professional Indemnity insurance as per the existing practice of the Authority.

Insurance during Concession Period. 29.1.1 The Concessionaire 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 Concessionaire shall also effect and maintain such insurances as may be necessary for mitigating the risks that may devolve on the Authority MOR as a consequence of any act or omission of the Concessionaire during the Construction Period. The Concessionaire shall procure that in each insurance policy, the Authority MOR shall be a co-insuredinsured 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 Concessionaire 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. 29.1.2 Without prejudice to the provisions contained in Article 29. 1.1 Clause 29.1.1, the Concessionaire shall, during the Operation Period, procure and maintain Insurance Cover including but not limited to the following: (ai) Loss, damage or destruction of the Project Assets, including assets handed over by the Authority MOR to the Concessionaire, at replacement value; (bii) comprehensive third party liability insurance including injury to or death of personnel of the Authority MOR or others who may enter the ProjectRail System; (ciii) the Concessionaire's ’s general liability arising out of the Concession; (div) liability to third parties for goods or property damage; (ev) workmen's ’s compensation insurance;; and (fvi) any other insurance that may be necessary to protect the Concessionaire and its employees, including all Force Majeure Events that are insurable at commercially reasonable premiums and not otherwise covered in items (i) to (v) above; and (g) Professional Indemnity insurance as per the existing practice of the Authority.

Insurance during Concession Period. 29.1.1 26.1.1 The Concessionaire 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 Concessionaire shall also effect and maintain such insurances as may be necessary for mitigating the risks that may devolve on the Authority MOR as a consequence of any act or omission of the Concessionaire during the Construction Period. The Concessionaire shall procure that in each insurance policy, the Authority MOR shall be a co-insuredinsured 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 Concessionaire 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. 29.1.2 26.1.2 Without prejudice to the provisions contained in Article 29. 1.1 Clause 26.1.1, the Concessionaire shall, during the Operation Period, procure and maintain Insurance Cover including but not limited to the following: (ai) Loss, damage or destruction of the Project Assets, including assets handed over by the Authority MOR to the Concessionaire, at replacement value; (bii) comprehensive third party liability insurance including injury to or death of personnel of the Authority MOR or others who may enter the ProjectRail System; (ciii) the Concessionaire's ’s general liability arising out of the Concession; (div) liability to third parties for goods or property damage; (ev) workmen's ’s compensation insurance;; and (fvi) any other insurance that may be necessary to protect the Concessionaire and its employees, including all Force Majeure Events that are insurable at commercially reasonable premiums and not otherwise covered in items (i) to (v) above; and (g) Professional Indemnity insurance as per the existing practice of the Authority.