Common use of Maintain Insurance Policies Clause in Contracts

Maintain Insurance Policies. The Access Holder must, and/or (as appropriate) must cause the Operator to, prior to the commencement of Train Services at their expense take out and subsequently maintain current at all times during the Term insurance with a Corporation licensed to conduct insurance business in Australia (or otherwise reasonably acceptable to QR) those policies of insurance required by this Agreement.

Maintain Insurance Policies. The Access Holder must, and/or (as appropriate) must cause the Operator to, prior to the commencement of Train Services at their expense take out and subsequently maintain current at all times during the Term insurance with a Corporation licensed to conduct insurance business in Australia (or otherwise reasonably acceptable to QRQR Network) those policies of insurance required by this Agreement.