Common use of Insurance during Concession Period Clause in Contracts

Insurance during Concession Period. 21.1.1 The Concessionaire shall effect and maintain at its own cost, during the Concession Period, such insurances for such maximum sums as may be required under the Applicable Laws, and such insurances as may be necessary or prudent in accordance with Good Industry Practice to cover third party claims and Non Political Event (the “Insurance Cover”). The Concessionaire shall procure that in each insurance policy, the Authority shall be a co-insured.

Insurance during Concession Period. 21.1.1 The Concessionaire shall effect and maintain at its own cost, during the Concession Period, such insurances for such maximum sums as may be required under the Financing Agreements, the Applicable Laws, Laws and such insurances as may be necessary or prudent in accordance with Good Industry Practice to cover third party claims and Non Political Event (the “"Insurance Cover”"). The Concessionaire shall procure that in each insurance policy, the Authority shall be a co-insuredcoinsured.

Insurance during Concession Period. 21.1.1 ‌ The Concessionaire shall effect and maintain at its own cost, during the Concession Period, such insurances for such maximum sums as may be required under the Applicable Laws, and such insurances as may be necessary or prudent in accordance with Good Industry Practice to cover third party claims and Non Political Event (the “Insurance Cover”). The Concessionaire shall procure that in each insurance policy, the Authority shall be a co-insuredinsured and that the insurer shall pay the proceeds of insurance into the Escrow Account.