Review of Insurances Sample Clauses

Review of Insurances. The Operator will when requested by the Operating Committee carry out such review of the insurance effected pursuant to Clause 11.1 as the Operating Committee may require.
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Review of Insurances. The Alliance Board must systematically and regularly review the insurances referred to in this Agreement (including certificates of currency, the adequacy and appropriateness of the insurances and levels of coverage and excesses applicable to those insurances).
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Review of Insurances. The Lender shall be entitled, at any time and from time to time, to obtain from insurance brokers appointed by itself, at the Borrower's expense, a written opinion as to the quality of the Insurances of the Vessel. If the Lender is not satisfied that the Insurances provide the Lender with good and adequate security, the Lender may, by written notice to that effect, require the Borrower to place, or procure the placing of, further and additional insurances and/or to amend or procure the amendment of the existing Insurances, whether through the existing brokers or otherwise. On receipt of such notice, the Borrower must effect or procure the effecting of such additions and/or amendments to the Insurances within fourteen (14) days.
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Review of Insurances. 24.7.1. The CONCESSIONAIRE shall present copies of all draft insurance policies or documents for coverage described above in term of 30 (thirty) business days before their entering into force together with any other information that is necessary to enable the GRANTOR OF CONCESSION to assess correctly the volume, extent, limits, exceptions and other conditions of insurance under the respective policy. 24.7.2. The GRANTOR OF CONCESSION shall be analogically informed about all changes of conditions under an effective insurance policy in term of 30 (thirty) business days before their entering into force. The conformity of the offered insurance policies and changes in them to the best conditions offered on the international insurance market, which to assure the necessary insurance protection of the interests of both parties to the present Agreement shall be assessed annually by an international consulting company in the field of risk management and insurance service approved by the GRANTOR OF CONCESSION. If after the report of the international consulting company the GRANTOR OF CONCESSION finds that the presented insurance policy does not conform to the best conditions offered on the international insurance market, he shall inform the CONCESSIONAIRE and the latter shall assure respective changing of the conditions under this policy or contract by an addendum to the policy. If the CONCESSIONAIRE finds that the changes requested by the GRANTOR OF CONCESSION or the refusal of the GRANTOR OF CONCESSION to grant consent with announced change would force the CONCESSIONAIRE to maintain insurances that: а) are not offered or
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Related to Review of Insurances

  • Review of insurance requirements The Security Trustee shall be entitled to review the requirements of this Clause 13 from time to time in order to take account of any changes in circumstances after the date of this Agreement which are, in the opinion of the Majority Lenders, significant and capable of affecting the Owners or the Ships and their insurance (including, without limitation, changes in the availability or the cost of insurance coverage or the risks to which the Owners may be subject), and may appoint insurance consultants in relation to this review at the cost of the Borrower.

  • Maintenance of Insurance Policies The Servicer shall, in accordance with its customary practices, policies and procedures, require that each Obligor shall have obtained physical damage insurance covering the Financed Vehicle as of the execution of the related Receivable. The Servicer shall, in accordance with its customary practices, policies and procedures, track such physical damage insurance with respect to each Receivable.

  • Policies of Insurance At City’s request, the Artist shall provide City with the actual policies providing the coverage required above.

  • Requirements of Insurance All such insurance shall (i) provide that no cancellation, material reduction in amount or material change in coverage thereof shall be effective until at least 10 days (or, to the extent reasonably available, 30 days) after receipt by the Collateral Agent of written notice thereof (the Borrower shall deliver a copy of the policy (and to the extent any such policy is cancelled or renewed, a renewal or replacement policy) or other evidence thereof to the Administrative Agent and the Collateral Agent, or insurance certificate with respect thereto) and (ii) name the Collateral Agent as loss payee (in the case of property insurance) or additional insured on behalf of the Secured Parties (in the case of liability insurance) (it being understood that, absent an Event of Default, any proceeds of any such property insurance shall be delivered by the insurer(s) to the Borrower or one of its Subsidiaries and applied in accordance with this Agreement), as applicable.

  • Cost of Insurance The cost of all insurance required herein to be secured and maintained by Engineer shall be borne solely by Engineer, with certificates of insurance evidencing such minimum coverage in force to be filed with County. Such Certificates of Insurance are evidenced as Exhibit F herein entitled “Certificates of Insurance.”

  • Required Evidence of Insurance i. Copy of the additional insured endorsement or policy language granting additional insured status; and ii. Certificate of Insurance.

  • Evidence of Insurance Receipt by the Administrative Agent of copies of insurance policies or certificates of insurance of the Loan Parties evidencing liability and casualty insurance meeting the requirements set forth in the Loan Documents, including, but not limited to, naming the Administrative Agent as additional insured (in the case of liability insurance) or loss payee (in the case of hazard insurance) on behalf of the Lenders.

  • SUBMISSION OF INSURANCE DOCUMENTS 5 1. The COI and endorsements shall be provided to COUNTY as follows: 6 a. Prior to the start date of this Agreement. 7 b. No later than the expiration date for each policy. 8 c. Within thirty (30) calendar days upon receipt of written notice by COUNTY regarding 9 changes to any of the insurance types as set forth in Subparagraph G, above. 10 2. The COI and endorsements shall be provided to the COUNTY at the address as specified in 11 the Referenced Contract Provisions of this Agreement. 12 3. If CONTRACTOR fails to submit the COI and endorsements that meet the insurance 13 provisions stipulated in this Agreement by the above specified due dates, ADMINISTRATOR shall 14 have sole discretion to impose one or both of the following: 15 a. ADMINISTRATOR may withhold or delay any or all payments due CONTRACTOR 16 pursuant to any and all Agreements between COUNTY and CONTRACTOR until such time that the 17 required COI and endorsements that meet the insurance provisions stipulated in this Agreement are 18 submitted to ADMINISTRATOR. 19 b. CONTRACTOR may be assessed a penalty of one hundred dollars ($100) for each late 20 COI or endorsement for each business day, pursuant to any and all Agreements between COUNTY and 21 CONTRACTOR, until such time that the required COI and endorsements that meet the insurance 22 provisions stipulated in this Agreement are submitted to ADMINISTRATOR. 23 c. If CONTRACTOR is assessed a late penalty, the amount shall be deducted from 24 CONTRACTOR’s monthly invoice. 25 4. In no cases shall assurances by CONTRACTOR, its employees, agents, including any 26 insurance agent, be construed as adequate evidence of insurance. COUNTY will only accept valid COIs 27 and endorsements, or in the interim, an insurance binder as adequate evidence of insurance coverage. 28

  • Period of Insurance Period of insurance means the period shown as such on the e-certificate and validation card, which time is taken as Greenwich Mean Time unless otherwise stated.

  • Modification of insurance requirements The Security Trustee shall notify the Borrower of any proposed modification under Clause 13.18 to the requirements of this Clause 13 which the Majority Lenders consider appropriate in the circumstances, and such modification shall take effect on and from the date it is notified in writing to the Borrower as an amendment to this Clause 13 and shall bind the Borrower accordingly.

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