Risk of liability to. third parties for their injury, death or damage to their property as a result of construction and installation works (“Liability Insurance”) with the minimum liability limit of RUB five hundred million (500,000,000) for all insurance events and each of them. The Franchise shall not exceed RUB one million five hundred thousand (1,500,000) and shall only apply to property damage.
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Samples: Term Lease Agreement (Ozon Holdings PLC), Preliminary Lease Agreement (Ozon Holdings PLC)
Risk of liability to. third parties for their injury, death or damage to their property as a result of construction and installation works (“Liability Insurance”) with the minimum liability limit of RUB five hundred million (500,000,000) for all insurance events and each insurance event. Liability insurance shall cover liability for any possible damage to the Lessee’s property for the period from signing the Access Certificate 1 until the date of themreceiving permit for facility commissioning by the Lessor. The Franchise shall not exceed RUB one million five hundred thousand (1,500,000) and shall only apply to property damage.
Appears in 1 contract
Risk of liability to. third parties for their injury, death or damage to their property as a result of construction and installation works (“Liability Insurance”) with the minimum liability limit of RUB five hundred million (500,000,000) for all insurance events and each of them. Liability insurance shall cover liability for any possible damage to the Lessee’s property for the period from signing the Access Certificate until the date of receiving the Commissioning Certificate. The Franchise shall not exceed RUB one million five hundred thousand (1,500,000) and shall only apply to property damage.
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