Common use of PROJECT INSURANCES Clause in Contracts

PROJECT INSURANCES. All Project Insurances which are required to be maintained or effected by it pursuant to the Finance Documents as of the date this representation is made or deemed to be made are in full force and effect, all premiums due and payable have been paid and, to the best of the Borrower’s knowledge, no event or circumstance has occurred, nor has there been any omission to disclose a fact, which would in either case entitle any insurer to avoid or otherwise reduce its liability under any policy that is part of the Project Insurances.