Insurance. During the term of the Contract, the Supplier shall maintain in force, with a reputable insurance company, professional indemnity insurance, product liability insurance and public liability insurance to cover such heads of liability as may arise under or in connection with the Contract, and shall, on the Customer's request, produce both the insurance certificate giving details of cover and the receipt for the current year's premium in respect of each insurance.
Insurance. Parties agree that in addition to the life insurance it would buy should it deem it necessary, Bank could also buy insurance coverage – to its own benefit and/or if it deems necessary, to the benefit of the correspondent bank – for the movable properties pledged (including pledged businesses and gold) and the immovable properties mortgaged to it, for all insurable collaterals, for the merchandise regarding which a letter of credit had been issued, and if it wishes, for any immobile or movable assets and gold Customer owns, whether or not mortgaged or pledged, and charge Customer for all premiums and expenses. Bank can also have clauses, which pertain to strikes, lockouts, earthquake, social unrest, civil disturbances, explosions, malicious acts, war, and other emergencies included in the insurance contracts and/or policies. Customer accepts and declares that if it does not buy the aforementioned insurances or renew them when the policies expire, Bank would be authorized to, on its own motion, buy/renew the said insurance coverage; that all expense which might then have been incurred would belong to Customer and; that this would not be something compulsory for Bank, and Bank would not be held responsible for not doing it in that this. If insurance coverage had already been bought before, Bank can ask Customer to transfer those policies designating Bank as the loss payee. Customer accepts and declares that should it not submit the policies to Bank within a reasonable time after having been asked, or where it does, if such policies do not cover the risks and include the clauses Bank requires, Bank would be entitled to buy, on Customer’s behalf, a new policy, which covers the risks and includes the clauses as required, and to collect the premiums for that policy from Customer. Customer accepts and declares that buying insurance coverage for the goods and collaterals associated with the credit is not Bank’s responsibility and; that Customer is responsible to follow if such insurances have or have not been bought, if they have, their scope (term, risks, value, etc.), and whether those that had expired have or have not been renewed. Customer has to know if, because of their properties and condition, the goods or collaterals associated with the credit need or need not be insured, and which risks should be covered, and thus act accordingly. Müşteri, sigorta konusu teminatları daha önce sigorta ettirmiş bulunuyorsa, Banka’nın söz konusu poliçelere dain-i mürtehin ha...
Insurance. 22.1. Assets to be Insured and Insurances to be Performed
22.1.1. Goods for the credits in this Agreement and all other credits whatever name and nature are and documents of these goods t will be insured by the Customer. It is mandatory to submit insurance policies to the Bank; contrary behaviors will constitute a violation of the Agreement.
22.1.2. The Customer will insure all goods and documents such as commodities, vehicles, machinery, securities, etc. that will be vested in all kinds of pledges and other guarantees and held by the Bank.
22.1.3. The customer will insure the above-mentioned assets to cover all types of risk necessary, and against all risks.
22.1.4. The Bank may require that the assets value to be insured by an insurance company under the insurance contribution system (takaful) and unless this condition is realized, may not provide the credit.
22.2. Payment of Premiums, Transfer of Policy, Addendum, Renewal and Other Obligations of Customer
22.2.1. The insurance and payment of premiums are under the liability of the Customer. However, provided that it is not an obligation for the Bank, Bank is authorized to make the insurance process if it desires. The Bank making the insurance directly, non-payment of the insurance premiums by the Customer and insurance premiums to be paid by Bank, whatever the reason is, the Customer is responsible also for the insurance premiums to be paid by the Bank and Bank is authorized to debit the Customer’s account.
22.2.2. The Customer will provide immediately the transfer to the Bank the insurance policies made in an addendum attached for the Customer or to third parties by endorsing and have endorsed or otherwise.
22.2.3. Liability of renewal of insurances expired belongs to the customer, in this case the above provisions are applied.
22.2.4. Liabilities and consequences arising from not insuring the
22.2.3. Süresi biten sigortaların yenilenmesi yükümlülüğü Müşteriye ait olup, bu halde yukarıdaki hükümler geçerlidir.
22.2.4. Mal veya vesaikin sigortalanmaması, eksik bedelle sigortalanması, sigortaların yenilenmemesi, yanlış, eksik mükerrer veya sahte sigortalama yapılması, sigorta süresi, yetersizliği, sigorta tazminat bedellerinin tahsil edilememesi, sigorta şirketinin ödeme gücüne sahip olmaması gibi sebeplerden doğacak sorumluluk ve neticeler Müşteriye ait olup, bu hususlardan dolayı Bankanın hiç bir sorumluluğu olmayacaktır.
22.2.5. Sigorta poliçesinden doğan tazminat ve sair ödemeler doğrudan Bankaya yap...
Insurance. 12.1. The Company is neither an insurer nor a guarantor and excludes all liability in such capacity. Clients seeking a guarantee against loss or damage should obtain appropriate insurance.
12.2. Both parties shall take out adequate insurance policies so as to sufficiently cover their respective liabilities under the Agreement, and shall, upon written request of the other party, provide written evidence of the existence of such policies.
Insurance. Insurance related to the loan cannot be made without an explicit request of the Customer in written or through permanent data register. In case the Customer wishes to make insurance, the collateral the customer provided from any insurance company he/she will choose, must be accepted by the Bank. The insurance uyumlu olması gerekir. Mebla sigortalarında, poliçedeki teminat tutarı kalan kredi tutarından yüksek olamaz. Sigorta vadesi de kredi vadesinden uzun olamaz. ÖRNEKTİR
Insurance. 22.1. Assets to be Insured and Insurances to be Performed
22.1.1. Goods for the credits in this Agreement and all other credits whatever name and nature are and documents of these goods t will be insured by the Customer. It is mandatory to submit insurance policies to the Bank; contrary behaviors will constitute a violation of the Agreement.
22.1.2. The Customer will insure all goods and documents such as commodities, vehicles, machinery, securities, etc.
Insurance. 22.1. Assets to be insured and Insurances
22.1.1. The property subject to the credits mentioned in this Agreement and all other credits, regardless of the name and nature, to be made available and the relevant documents shall be insured. Insurance policies should be submitted to Xxxxx Xxxxxxx, acts to the contrary to this provision shall constitute a breach of this Agreement.
22.1.2. The Customer shall take out insurance policies for any properties and documents such as goods, vehicles, machines, marketable securities etc. covered by pledge and other securities and held and to be held by Xxxxx Xxxxxxx.
22.1.3. The Customer shall insure the abovementioned assets, required to be insured, against all risks in such a manner to cover any kinds of risk elements.
22.1.4. Emlak Katılım may stipulate/require the insurance of the assets to be insured from an insurance company which carries on its activities in takaful (Islamic insurance) system and may not make the loan available unless such condition is fulfilled.
Insurance. 22.1. Assets to be Insured and Insurances to be Performed
22.1.1. Good which is the subject of all other credits whatever name and nature and the credit in this Agreement will be insured by the Customer against documents belonging to them. It is obliged to submit insurance policies to the Bank, contrary behavior will constitute a violation of the Agreement.
22.1.2. Customer will insure all goods and documents such as commodities, vehicles, machinery, securities, etc. that will be vested in all kinds of pledges and other guarantees.
22.1.3. The customer will insure the above-mentioned assets to cover all types of risk necessary, and against all risks.
22.1.4. Bank may require that the assets value to be insured by an insurance company under the insurance contribution system (takaful) and unless this condition is realized, may not make the credit used.
22.2. Payment of Premiums, the Transfer of Policy, Addendum, Renewal and Other Obligations of Customer
22.2.1. The insurance and payment of premiums liability will be carried out by the Customer. However, provided that it is not a requirement for the Bank, Bank is authorized to make the insurance process if it desires. Bank to make the insurance directly, non- payment of the insurance premiums by the customer and insurance premiums to be paid by Bank whatever the reason the Customer is