Physical Damage Policies definition

Physical Damage Policies means the policies of insurance referred to in paragraph 1 of Section 1 Schedule Part 12 (Insurance Requirements)

Physical Damage Policies has the meaning given to it in clause 72.13.1 (Reinstatement);

Physical Damage Policies means those insurances called Contract Works Insurance (Material Damage) and Industrial Special Risks (Material Damage) Insurance referred to and described in Part 1 (Required Insurances) of Schedule 15 (Insurance);

Examples of Physical Damage Policies in a sentence

• All insurance proceeds received under any policy referred to in paragraph 1 of Part 1 and paragraph 1 of Part 2 of Schedule 14 (Insurances) (the Physical Damage Policies) shall be applied to repair, reinstate or replace each part or parts of the Assets in respect of which such proceeds were received.

• Endorsement 4 Loss Payee (applicable only to the Physical Damage Policies) Subject to the provision of Clause 53.22.2 of this Agreement all proceeds of this policy shall be payable without deduction or set-off to the Insurance Proceeds Account.

• The external vest cariers (85) are to replace current issue that fade and become misshapen with constant use.

• Notwithstanding the terms of the Senior Financing Agreements, where required by Clause 56.2 (Joint Insurance Account) of the Contract the Parties agree and shall direct that all insurance proceeds paid under the Physical Damage Policies shall be paid into the Joint Insurance Account except as otherwise agreed by the Facility Agent and the Authority and shall be applied in accordance with the Contract.

• All insurance proceeds received under any policy referred to in paragraph 1 of Part 1 and paragraph 1 of Part 2 of Schedule 14 (Required Insurances) (the Physical Damage Policies) shall be applied to repair, reinstate or replace each part or parts of the Assets in respect of which such proceeds were received.

More Definitions of Physical Damage Policies

Physical Damage Policies has the meaning given to it in Paragraph 2.1 of Part A (Insurance Provisions) of Schedule 5 (Insurance);

Physical Damage Policies means the policies referred to in paragraph 1 of both Parts 1 and 2 of Schedule 10 (Required Insurances); Pipeline Agreements means:

Physical Damage Policies has the meaning given in clause 34.12.1 “Planned Crowborough Completion Date” the date stated in the programme (included in the Crowborough Works Delivery Plan) that ESCC anticipates that Crowborough Completion will be achieved (as such date may be updated pursuant to clause 91.7.3)

Physical Damage Policies has the meaning given to it in clause 66.1 (Reinstatement and Change of Requirement after Insured Event); PI Insurance has the meaning given to it in clause 65.13 (Professional Indemnity Insurance);

Physical Damage Policies means the policies referred to in paragraph 1 of both Parts 1 and 2 of Schedule 10 (Required Insurances) and paragraph 3 of Part 1 of Schedule 10 (Required Insurances); Planned Full Services Commencement Date means [REDACTED]; Plant means machinery, equipment, apparatus, materials and things of all kinds intended to form or forming part of the New Works, but not including any Constructional Plant; Post Termination Service Amount means an amount equal to the Maximum Monthly Unitary Charge (pro rata for any part of a Payment Month) which would have been payable in that period under the Agreement had the Agreement not been terminated less an amount equal to the aggregate of:

Physical Damage Policies. “Project”

Physical Damage Policies means the policies referred to in paragraph 1 of both Parts 1 and 2 of Schedule 10 (Required Insurances); Planned Excluded Seasonal Works Completion Date means the date which falls 9 months after the earlier of the Planned Final Completion Date and the date of the Final Completion Acceptance Notice; Planned Final Completion Date means 31 December 2011 or such later date as is: