Examples of Insurance Review Procedure in a sentence
Insurance Review Procedure This procedure shall be used to determine whether the Authority shall bear any increase or benefit from any decrease in the cost of taking out and maintaining the Relevant Insurances.
Following the completion of the Insurance Review Procedure, if it is agreed or determined that there is neither an Exceptional Cost nor an Exceptional Saving, any Insurance Cost Differential shall be borne by or benefit the Contractor.
Insurance Cost Reporting Procedures to prepare, at the expense of the Contractor, a Joint Insurance Cost Report on behalf of both the Contractor and the Authority in accordance with the Insurance Review Procedure as set forth in [ ] of the Agreement.
If, following the completion of the Insurance Review Procedure, it is agreed or determined that there is an Exceptional Saving, the Contractor shall within thirty (30) Business Days of completion of the Insurance Review Procedure make a one-off lump-sum payment to the Authority equal to eighty-five per cent (85%) of the Exceptional Saving.
Insurance Cost Reporting Procedures to prepare following request, at the expense of the Contractor, a Joint Insurance Cost Report on behalf of both the Contractor and the Authority in accordance with the Insurance Review Procedure as set forth in Section [ ] of the Agreement.