During the Agreement Period. The Developer shall at its cost and expense, purchase & maintain by due re-instatement or otherwise, during the development of the Project Facilities, such insurance as are necessary including but not limited to the following:
During the Agreement Period. The Commonwealth is entitled to recover from the Recipient any amount of money which, at any time, in the Commonwealth’s opinion, has been spent other than in accordance with this Agreement. Confidential material omitted and filed separately with the Commission.
During the Agreement Period. The Department is entitled to recover from the Recipient any amount of money which, at any time, in the Department's opinion, has been spent other than in accordance with this Agreement. At the end of the Agreement Period After the End Date, the Department is entitled to recover from the Recipient: any Funds which have not been spent, or legally committed for expenditure by the Recipient in accordance with this Agreement and payable by the Recipient as a current liability (written evidence of which will be required); and the amount of any Funds which, in the Department's opinion, have been spent other than in accordance with this Agreement.
During the Agreement Period. The Developer shall at its cost and expense, purchase & maintain by due re-instatement or otherwise, during the development of the Project Facilities, such insurance as are necessary including but not limited to the following: Developer’s all risk insurance; loss, damage or destruction of the Project Facilities at replacement value; comprehensive third party liability insurance including injury or death to personnel / representatives of Persons who may enter the Project Site; workmen’s compensation insurance; any other insurance that may be necessary to protect the Developer, its employees and its assets against loss, damage, destruction, business interruption or loss of profit including insurance against all Force Majeure Events that are insurable. Validity of Insurance 16 | P a g e Selection of Developer for Development of Tourist Complex Hesadih, Ranchi Draft PDMA The Developer shall from time to time promptly pay insurance premium, keep the insurance policies in force and valid throughout the Agreement Period and furnish copies thereof to the Authority. If at any time the Developer fails to obtain or maintain in full force and effect any and all of the insurance required under this Agreement, the Authority may at its option (but not being obliged to do so) obtain and maintain such insurance and all sums incurred by the Authority thereof shall be reimbursed by the Developer to the Authority together with interest thereon at 5% over Bank Rate from the date the respective sums were incurred by the Authority, within 7 (seven) days from the receipt of claim in respect thereof made by the Authority.
During the Agreement Period. During the Agreement Period, ARENA is entitled to recover from the Recipient the amount of any Funds which, at any time, in ARENA's reasonable opinion, have been spent other than in accordance with this Agreement.
