Obligatory Insurance definition

Obligatory Insurance means any policy or contract of insurance and any entry in a protection and indemnity or war risks association effected under or pursuant to Clause 3.01(a) hereof;
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Obligatory Insurance means an insurance taken out as an imposition made by internal regulation.
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Obligatory Insurance means any policy or contract of insurance and any entry in a protection and indemnity or war risks association effected pursuant to Clause 6;
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Examples of Obligatory Insurance in a sentence

  • Other than as notified to and agreed by the Administrative Agent in writing, there have been no material amendments to any of the Obligatory Insurance or Management Agreements, and the copies of the Eligible Charters and Charter Guarantees provided to the Administrative Agent prior to the Closing Date are correct and complete (and there have been no material amendments thereto) as of the Closing Date.

  • Other than as notified to and agreed by the Administrative Agent in writing, there have been no material amendments to any of the Obligatory Insurance or Management Agreements, and the copies of the Eligible Charters and Charter Guarantees provided to the Administrative Agent prior to the Restatement Date are correct and complete (and there have been no material amendments thereto) as of the Restatement Date.

  • The Concessionaire shall ensure that all Terminal Contracts (including for the avoidance of doubt all Obligatory Insurance Policies and all contracts entered into with contractors) contain a right to transfer the benefit and the burden of such Terminal Contracts to the ACP or its nominee for nominal or no consideration.

  • Under the ‘‘Law on Obligatory Insurance of Civil Liabilities of Owners of Facilities, the Activities of which are Associated with a Risk of Causing Damage to Third Parties’’ dated 7 July 2004, the Group is required to maintain insurance for its facilities and activities which are associated with the risk of causing damage to third parties.

  • Since 1 July 2005, pursuant to the Republic of Kazakhstan ‘‘Law on Labour Safety’’ dated 28 February 2004 and the ‘‘Law on Obligatory Insurance of Civil Liability of Employer for Injury to Employee at Workplace’’ dated 7 February 2005, every employer is obliged to maintain employer’s liability insurances for accidents and employment related injuries and illnesses.