Joint Insurance Account definition

Joint Insurance Account means the joint bank account (in accordance with clause 72.13.2 (Reinstatement)) in the names of both the Authority and the Contractor;
Sample 1Sample 2Sample 3
Joint Insurance Account means the joint bank account in the names of HPTE and the Concessionaire, such account to be opened prior to the Commencement Date.
Sample 1Sample 2Sample 3
Joint Insurance Account means the joint bank account in the names of the Authority and the Contractor, having account number [ ] and held with [ ];
Sample 1Sample 2

Examples of Joint Insurance Account in a sentence

  • The Contractor shall set up and at all times maintain an account in the joint names of the Authority and the Contractor (the Joint Insurance Account).

  • All insurance proceeds paid under any Physical Damage Policy in respect of a single event (or a series of related events) in an amount in excess of £[minimum level] indexed shall be paid into the Joint Insurance Account.

  • The Authority shall require bidders to bid on the basis that they will receive the benefit of any outstanding claims under material damage insurance policies and amounts (if any) standing to the credit of the Joint Insurance Account on the date that the New Contract is entered into.

  • The Lenders shall not be entitled to take security over the Facility Operator's rights in the Joint Insurance Account.

  • All Net Loss Proceeds received by the Concessionaire or to its order and all condemnation proceeds are to be deposited directly into the Loss Proceeds Account; provided that such amounts shall be deposited directly into the Joint Insurance Account to the extent required pursuant to the terms of the Concession Agreement.


More Definitions of Joint Insurance Account

Joint Insurance Account has the meaning given in clause 34.12
Sample 1Sample 2
Joint Insurance Account means an account in the joint names of the Authority and the Contractor to which shall be credited all insurance proceeds from any Physical Damage Insurance Policies;
Sample 1Sample 2
Joint Insurance Account means the joint bank account in the names of the Authority and the Contractor, with account number 00000000 and sort code 12-27-14 and held with the Account Bank (The Governor and Company of the Bank of Scotland);
Sample 1
Joint Insurance Account has the meaning given in the Concession Agreement. “Liquid Market” has the meaning given in the Concession Agreement.
Sample 1
Joint Insurance Account has the meaning given to it in the Joint Insurance Account Trust Deed.
Sample 1
Joint Insurance Account has the meaning given to it in the MARA; Joint Performance Improvement Plan has the meaning given to it in the Network Code;
Sample 1
Joint Insurance Account means a bank account in the name of the Authority and PPP Co. and into which, subject to the terms of Clause 45 (Insurance), proceeds paid by insurers of the policies referred to in paragraphs [  ] and [  ] of Part [  ] of Schedule 23 (Required Insurance) are to be paid;65
Sample 1