INSURANCE REQUIRED BY SERVICE PROVIDER Sample Clauses

INSURANCE REQUIRED BY SERVICE PROVIDER. 10.1 Unless otherwise specified in the Purchase Order, the Service Provider must hold the insurances that a prudent Service Provider of the Goods and Services would hold, including:

INSURANCE REQUIRED BY SERVICE PROVIDER. Where the Service Provider, pursuant to the RFQ, is required to have in place policies of insurance, then the Service Provider must, as a precondition to any entitlement to payment under or in connection with a Purchase Order Contract, have in place those insurance policies stated in the RFQ in the amounts and for the periods stated in the RFQ and on terms and with an insurer having a Standard and Poors, Moodys, A M Best, Fitch's or equivalent rating agency's financial strength rating of A- or better. The Service Provider must ensure that its subcontractors and sub-consultants are similarly insured or covered by the insurance required under this clause 7.2 for the relevant work to be performed by those subcontractors and sub-consultants. Before commencing any work under a Purchase Order Contract and when requested by Essential Energy’s Representative from time to time, the Service Provider must promptly provide to Essential Energy’s Representative copies of the certificates of currency for any insurance policies required by this clause 7.2.

INSURANCE REQUIRED BY SERVICE PROVIDER. ‌ Where the Service Provider, pursuant to the RFQ the subject of the relevant Purchase Order Contract, is required to have in place policies of insurance, then the Service Provider must, as a precondition to any entitlement to payment under or in connection with a Purchase Order Contract, have in place those insurance policies stated in the RFQ the subject of the relevant Purchase Order Contract in the amounts and for the periods stated in that RFQ and with an insurer having a Standard and Poors, Moodys, A M Best, Fitch's or equivalent rating agency's financial strength rating of A- or better. The Service Provider must ensure that its subcontractors and sub-consultants are similarly insured or covered by the insurance required under this clause 7.2 for the relevant work to be performed by those subcontractors and sub-consultants. Before commencing any work under a Purchase Order Contract and when requested by Essential Energy’s Representative from time to time, the Service Provider must promptly provide to Essential Energy’s Representative copies of the certificates of currency for any insurance policies required by this clause 7.2.