Panel insurances Clause Samples

Panel insurances. (a) The Contractor acknowledges and agrees that: (1) it is obliged under the Panel Agreement to take out and maintain insurances, which, as a minimum, will apply in respect of contracts with WALGA members (including the Principal) for the procurement of goods, services and works under the Panel Agreement; (2) due to the nature of the Services, the Procurement Form may require that levels of insurances greater than those required under clause 31.1(a)(1) be provided by the Contractor; and (3) in circumstances where the Procurement Form requires higher levels of insurances, the Contractor must ensure that it has insurances sufficient to meet such requirements. (b) The parties acknowledge and agree that the relevant provisions of the Panel Agreement are repeated and apply in the Contract, as modified for the application to the provision of the Services under the Contract.