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 of the respective Phase, 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 and that the insurer shall pay the proceeds of insurance into the escrow account. For 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 Clause 29.1.1 above, the Concessionaire shall, during the Operation Period of respective Phase, procure and maintain Insurance Cover including but not limited to the following: (a) Loss, damage or destruction of the Existing Hospital, 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 28.1.1. The Concessionaire shall effect and maintain at its own cost, during the Construction Period and the Operation Period of the respective PhasePeriod, such insurances for such maximum sums as may be required under the Financing Agreements 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 and that the insurer shall pay the proceeds of insurance into the escrow accountEscrow 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 28.1.2. Without prejudice to the provisions contained in Clause 29.1.1 above28.1.1, the Concessionaire shall, during the Operation Period of respective PhasePeriod, procure and maintain Insurance Cover including but not limited to the following: (a) Loss, damage or destruction of the Existing Hospital, Project Assets, including assets handed over by the Authority to the Concessionaire, at replacement value; (b) comprehensive Comprehensive third party liability insurance, insurance including injury to or death of personnel of the Authority or others who may enter the Project;. (c) the The Concessionaire's ’s general liability arising out of the Concession; (d) liability Liability to third parties for goods or property damage; (e) workmen's Workmen’s compensation insurance;; and (f) any 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 terms (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 of the respective PhasePeriod, 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 and that the insurer shall pay the proceeds of insurance into the escrow accountEscrow 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 Clause 29.1.1 above. As a minimum, the Concessionaire shall, during shall maintain the Operation Period insurances set forth below in the sums and with the deductibles and other conditions specified in the Concession Agreement. The identity of respective Phase, procure the insurers and maintain Insurance Cover including but not limited the form of the policies shall be subject to the following:prior approval of the Authority who shall not unreasonably withhold such approval. No later than the Appointed Date, the Concessionaire shall submit appropriate certificates of insurance demonstrating that the Concessionaire has met its obligations pursuant to this Article 26 to the Authority. (ai) Loss, damage or destruction of the Existing Hospital, Project Assets, including assets handed over by the Authority to the Concessionaire, at replacement value;Cargo Insurance during transport (bii) comprehensive Project highway’s all risks insurance (iii) 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 1) The Concessionaire shall effect and maintain at its own cost, during the Construction Period and the Operation Period of the respective PhasePeriod, such insurances for such maximum sums as may be required under the Financing Agreements 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 PeriodPeriod and / or the operation period. The Concessionaire shall procure that in each insurance policy, the Authority shall be a co-insured and that the insurer shall pay the proceeds of insurance into the escrow accountEscrow 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 Clause 29.1.1 above, the 2) The Concessionaire shall, during the Operation Period of respective Phase, procure and maintain Insurance Cover including but not limited to the following: (a) LossStandard Fire and Special Perils Policy with earthquake cover to insure loss, damage or destruction of the Existing Hospital, Project Assets, including assets handed over by the Authority to the Concessionaire, at replacement value; (b) Machinery Break-down Insurance Policy for insuring critical plant & equipment against any damage; c) comprehensive third third-party liability insurance, insurance including injury to or death of personnel of the Authority or others who may enter the Project; (cd) 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, personal accident insurance and medical insurance; (f) passenger accident insurance for the passengers on-board the ropeway project having a valid ticket; and g) 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 f) 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 of the respective PhasePeriod, 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 and that the insurer shall pay the proceeds of insurance into the escrow accountEscrow 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 Clause 29.1.1 above. As a minimum, the Concessionaire shall, during shall maintain the Operation Period insurances set forth below in the sums and with the deductibles and other conditions specified in the Concession Agreement. The identity of respective Phase, procure the insurers and maintain Insurance Cover including but not limited the form of the policies shall be subject to the following: (a) Loss, damage or destruction of the Existing Hospital, 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 prior approval of the Authority or others who may enter shall not unreasonably withhold such approval. No later than 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 Appointed Date, the Concessionaire and shall submit appropriate certificates of insurance demonstrating that the Concessionaire has met 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 obligations pursuant to this Article 26 to 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 of the respective PhasePeriod, 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 and that the insurer shall pay the proceeds of insurance into the escrow accountEscrow 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 Clause 29.1.1 above. As a minimum, the Concessionaire shall, during shall maintain the Operation Period insurances set forth below in the sums and with the deductibles and other conditions specified in the Concession Agreement. The identity of respective Phase, procure the insurers and maintain Insurance Cover including but not limited the form of the policies shall be subject to the following: (a) Loss, damage or destruction of the Existing Hospital, 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 prior approval of the Authority or others who may enter shall not unreasonably withhold such approval. No later than 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 Appointed Date, the Concessionaire and shall submit appropriate certificates of insurance demonstrating that the Concessionaire has met 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 obligations pursuant to this Article 26 to the Authority. (i) Cargo Insurance during transport