Plant and Equipment Insurance definition

Plant and Equipment Insurance means an insurance policy effected and maintained by the Supplier that must cover material loss or damage to any plant and equipment (whether owned, hired or leased by the Supplier) used in the performance of this Contract for its market value and the policy shall include a waiver of subrogation in favour of the Purchaser;
Sample 1Sample 2Sample 3
Plant and Equipment Insurance means an insurance policy effected and maintained by the Supplier that must:
Sample 1
Plant and Equipment Insurance means insurance covering such plant or equipment belonging to, hired to or otherwise in the care, custody or control of the Contractor for use in connection with the Relocation Works.
Sample 1

Examples of Plant and Equipment Insurance in a sentence

  • If requested by the Purchaser, the Supplier shall produce evidence of the currency of the Supplier’s Worker’s Compensation, Public Liability and Plant and Equipment Insurance policies.

  • Hold or be willing to hold the required insurances: Workers Compensation; Public Liability (minimum required: $20,000,000 per occurrence); Professional Indemnity Insurance (minimum required: $5,000,000) and Motor Vehicles and Plant and Equipment Insurance (if applicable).

  • If requested by the Purchaser, the Supplier shall produce evidence of the currency of the Supplier’s Worker’s Compensation, Public Liability and Plant and Equipment Insurance policies.If the Supplier fails to effect and maintain any of the insurances required by this clause, the Purchaser may at its sole option take out and maintain such insurances and deduct the cost of doing so from any monies due to the Supplier, or treat the Supplier's failure to insure as a breach under clause 13.1.

  • If requested by the Purchaser, the Supplier shall produce= evidence of the currency of the Supplier’s Worker’s Compensation, Public Liability and Plant and Equipment Insurance Policies.

  • Plant and Equipment Insurance (for full replacement value) The Contractor shall be required to fully comply with terms and conditions of insurances which shall be stipulated in the contract.

  • Plant and Equipment Insurance of not less than market value of any plant and equipment for liability in respect of damage to all plant and equipment of the Supplier or its employees (or any person engaged by the Supplier including subcontractors) used, owned or supplied under the Contract, including liability cover for property damage and death or bodily injury.

  • Worker Compensation Public Liability (minimum required: $20m per occurrence) Professional Indemnity (minimum required: $1m per occurrence) Motor Vehicles and Plant and Equipment Insurance (if applicable) Other relevant policies (e.g. volunteer insurance if applicable) ☐Tick this box to confirm that you hold (or will hold) all relevant permits for on-ground activities in the Great Barrier Reef World Heritage Area or Reef catchments.

  • This requirement for Plant and Equipment Insurance is solely for the benefit of Contractor, and the failure of Contractor to secure such insurance or to maintain adequate levels of coverage shall not subject Owner to liability for losses of owned or rented equipment.

  • Contractor shall secure and maintain insurance for temporary plant and equipment ("Plant and Equipment Insurance").

  • It is also subject to the Minister’s new powers, described below.Compliance with provisions of the ICA does not bar review or action by the Competition Bureau under the merger provisions of the Competition Act.

Related to Plant and Equipment Insurance

  • Electrical equipment means underground equipment that contains dielectric fluid that is necessary for the operation of equipment such as transformers and buried electrical cable.

  • Machinery means any article or combination of articles assembled, arranged or connected and which is used or intended to be used for converting any form of energy to performing work, or which is used or intended to be used, whether incidental thereto or not, for developing, receiving, storing, containing, confining, transforming, transmitting, transferring or controlling any form of energy;

  • Leased Real Property has the meaning set forth in Section 3.18(b).

  • Company Leased Real Property shall have the meaning set forth in Section 3.15(b).