Operational Insurances definition

Operational Insurances means the insurances required by Clause 53.2 and “Operational Insurance” means any one of such insurances;
View Source

Examples of Operational Insurances in a sentence

  • DBFM Co must provide the Authority with such information as the Authority reasonably requests for the purpose of making claims for losses due to malicious damage, under the Operational Insurances.

  • Sub-hubco must provide the Authority with such information as the Authority reasonably requests for the purpose of making claims for losses due to malicious damage, under the Operational Insurances.

  • Not less than [sixty (60)] Business Days prior to the [first Phase] Completion Date and each subsequent renewal date in respect of each of the Operational Insurances, Project Co must inform the Authority’s Representative of the forthcoming requirement to place or renew an Operational Insurance and its proposals for obtaining competitive quotations from at least ([three (3)] suitable insurers.

  • Project Co must comply with the provisions of this Section 4 of Schedule Part 15 when placing or renewing the Operational Insurances.

  • Subject to paragraph 3.2, DBFM Co may include the premiums paid by DBFM Co to take out and maintain the Operational Insurances in accordance with Clause 53 in the Monthly Service Payment in accordance with paragraph 1 (Monthly Service Payment) of Section 2 (Calculation of Service Payments) of this Schedule Part 14 (Payment Mechanism) on the basis of the cost incurred by DBFM Co and supported by an appropriate premium notices from the relevant insurer.

  • Project Co must provide the Authority with such information as the Authority reasonably requests for the purpose of making claims for losses due to malicious damage, under the Operational Insurances.

  • Sub-hubco must comply with the provisions of this Section 4 of Schedule Part 15 when placing or renewing the Operational Insurances.

  • The insurance broker’s letter of undertaking, evidence of the insurances required in accordance with Clause 53 (Insurances) having been taken out by Project Co and that the policies comply with the requirements of this Agreement, and an estimate by the insurance broker of the premiums for the Operational Insurances for the first year of the Operational Term.

  • Not less than [sixty (60)] Business Days prior to the [first Phase] Completion Date and each subsequent renewal date in respect of each of the Operational Insurances, Sub-hubco must inform the Authority’s Representative of the forthcoming requirement to place or renew an Operational Insurance and its proposals for obtaining competitive quotations from at least ([three (3)] suitable insurers.

  • The insurance broker’s letter of undertaking, evidence of the insurances required in accordance with Clause 53 (Insurances) having been taken out by DBFM Co and that the policies comply with the requirements of this Agreement, and an estimate by the insurance broker of the premiums for the Operational Insurances for the first year of the Operational Term.