Insurance during the Construction Period Sample Clauses

Insurance during the Construction Period. For the Construction Period, the Concessionaire shall effect and maintain, or cause to be effected and maintained, at its own expense, insurance policies as may be required to be maintained by the Lenders, under Applicable Laws and/ or such insurances that are necessary or desirable in accordance with Good Industry Practice.
Sample 1Sample 2Sample 3See All (5)
AutoNDA by SimpleDocs
Insurance during the Construction Period. The Concessionaire shall, at its cost and expense, purchase and maintain during the Construction Period such insurances as are customary in comparable projects, including the following: For all the assets constructed/purchased by the Concessionaire including the assets handed over to Concessionaire by the Grantor:
Sample 1
Insurance during the Construction Period. The Concessionaire shall effect and maintain, or cause to be effected and maintained, at no cost to MPRDC during the Construction Period such insurance up to such maximum sums as may be required under and in accordance with the Financing Documents, Applicable Laws and such insurance to cover the entire cost incurred on the project as is considered necessary by MPRDC in accordance with Good Industry Practice.. The Concessionaire shall also include insurance of all insurable Force Majeure events as defined in Clause 28. The Concessionaire shall also effect and maintain such insurance as may be necessary for mitigating the risks that may devolve on MPRDC as a consequence of any act of omission by the Concessionaire during the Construction Period.
Sample 1
Insurance during the Construction Period. The TSP shall effect and maintain or cause to be effected and maintained during the Construction Period, insurance against various risks, with suitable deductibles and with suitable endorsements and co-insured as may be necessary in accordance with Prudent Utility Practices and such insurances as may be required under:
Sample 1
Insurance during the Construction Period. Policies to be taken out by the Private Party and maintained during the Construction Period or up to Scheduled Commencement Date where noted3. CONSTRUCTION ALL RISKS INSURANCE Cover: The construction all risk insurance policy issued in respect of any construction Works (the "CAR policy") will provide protection against loss of/or destruction or damage to the relevant construction Works. The CAR policy cover shall include London Engineering Group 3 – Defective Design Improvement exlusion (LEG3, 2006) clause or similar wording which shall cover the costs necessary to replace, repair or rectify any physical damage due to a defect in design, plan, specification, materials or workmanship but exclude the cost of improvements associated with such defect Perils will be on an all risks basis to cover loss or damage from any cause including, without limitation, fire, lightning, explosion, xxxxx, xxxxxxx, flood, earthquake, transit and off site storage4.
Sample 1
Insurance during the Construction Period. The Concessionaire shall effect and maintain, or cause to be effected and maintained, at no cost to GOTN, HD during the construction period such insurances up to such maximum sums as may be required under and in accordance with the Financing Documents, Applicable Laws and such insurance as the Concessionaire may reasonably consider necessary or desirable in accordance with Good Industry Practice, which shall include, but not limited to (a) Contractor’s all risk, including design defect, (ii) Workmen Compensation, (iii) Construction Plant and Machinery, (iv) Advance Loss of Profits and (v) Third Pary Liability. The Concessionaire shall also effect and maintain such insurance as may be necessary for mitigating the risks that may devolve on GOTN,HD as a consequence of any act of omission by the Concessionaire during the Construction Period
Sample 1

Related to Insurance during the Construction Period

  • Maintenance during Construction Period (i) During the Construction Period, the Contractor shall maintain, at its cost, the existing lane(s) of the Project Highway so that the traffic worthiness and safety thereof are at no time materially inferior as compared to their condition on Appointed Date, and shall undertake the necessary repair and maintenance works for this purpose; provided that the Contractor may, at its cost, interrupt and divert the flow of traffic if such interruption and diversion is necessary for the efficient progress of Works and conforms to Good Industry Practice; provided further that such interruption and diversion shall be undertaken by the Contractor only with the prior written approval of the Authority’s Engineer which approval shall not be unreasonably withheld. For the avoidance of doubt, it is agreed that the Contractor shall at all times be responsible for ensuring safe operation of the Project Highway. It is further agreed that in the event the Project includes construction of a bypass or tunnel and realignment of the existing carriageway, the Contractor shall maintain the existing highway in such sections until the new Works are open to traffic.

  • OPERATION OF PROPERTY DURING AGREEMENT PERIOD The Seller will continue to operate the Property and any business conducted on the Property in the manner operated prior to the Agreement and will take no action that would adversely impact the Property, tenants, lender, or business, if any. Any changes, such as renting vacant space, that materially affects the Property or the Buyer's intended use will be permitted only with the Buyer's consent.

  • Delays during construction Without prejudice to the provisions of Clause 10.3 (ii), in the event the Contractor does not achieve any of the Project Milestones or the Authority’s Engineer shall have reasonably determined that the rate of progress of Works is such that Completion of the Project Highway is not likely to be achieved by the end of the Scheduled Completion Date, it shall notify the same to the Contractor, and the Contractor shall, within 15 (fifteen) days of such notice, by a communication inform the Authority’s Engineer in reasonable detail about the steps it proposes to take to expedite progress and the period within which it shall achieve the Project Completion Date.

  • Insurance during Concession Period 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 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.

  • Drawings Submitted During the Contract Term Where required to develop, maintain and deliver diagrams or other technical schematics regarding the scope of work, Contractor shall do so on an ongoing basis at no additional charge, and must, as a condition of payment, update drawings and plans during the Contract term to reflect additions, alterations, and deletions. Such drawings and diagrams shall be delivered to the Authorized User’s representative.

  • Drawings Submitted During the Contract Term Where required to develop maintain and deliver diagrams or other technical schematics regarding the scope of work, Contractor shall do so on an ongoing basis at no additional charge, and must, as a condition of payment, update drawings and plans during the Contract term to reflect additions, alterations, and deletions. Such drawings and diagrams shall be delivered to the Authorized User’s representative.

  • TERM OF THE CONTRACT A. This Contract has an initial term of one (1) year and a bilateral option provision for three (3) additional terms. The total term of the Contract cannot exceed four (4) years. An extension may be offered beyond the original four-year term if Sourcewell deems such action to be in the best interests of Sourcewell and its Members. The Contractor may withdraw from the Contract on each anniversary of the award, provided that the Contractor gives 60 Days written notice of its intent to withdraw. Sourcewell may, for any reason, terminate this Contract at any time.

  • During Construction Upon request of the Owner the Contractor shall submit written proposals for unit prices to be applied in the event Change Order Work is authorized by the Owner to be performed under Case (b).

  • PRE-CONSTRUCTION PHASE FEE The Pre-Construction Phase Fee is the total compensation payable to Contractor for the performance of Pre-Construction Phase Services, except for Additional Pre-Construction Phase Services approved in advance and in writing by Owner. The Pre-Construction Phase Fee shall be a lump sum amount based on the AACC established in this Agreement.

  • Construction Phase - Administration of the Construction Contract 1.6.1 The Construction Phase shall commence with the acceptance of the Construction Manager’s Guaranteed Maximum Price (or acceptance of a partial Guaranteed Maximum Price for a stage or phase) and issuance of a Notice to Proceed with Construction Services and terminate sixty (60) days after Final Payment to the Contractor is made, or when all of Architect/Engineer’s services have been satisfactorily performed, whichever occurs later.

Time is Money Join Law Insider Premium to draft better contracts faster.