Evidence of insurance policies Clause Samples
The 'Evidence of insurance policies' clause requires one party to provide proof that they have obtained and maintain the necessary insurance coverage as specified in the agreement. Typically, this is done by furnishing certificates of insurance or other official documentation to the other party, often before work begins or upon request. This clause ensures that all parties are adequately protected against potential risks and liabilities, and it helps prevent disputes by confirming that insurance requirements are being met.
Evidence of insurance policies. Promptly following any request by the Train Operator, and otherwise on each anniversary of the execution of this contract, RfL(I) shall provide to the Train Operator for inspection a broker's letter confirming that the insurance policies specified in Clause 11.7.1 are in place, are in full force and effect and that all premiums payable in respect of such insurance policies have been paid in full.
Evidence of insurance policies. Upon the execution of this Mortgage and thereafter not less than 30 days before the expiration of each Insurance Policy, Mortgagor will provide to Mortgagee an original copy of each Insurance Policy. If Mortgagor obtains the Insurance Policies through a blanket policy, Mortgagor will provide Mortgagee with any other evidence of the underlying policy that Mortgagee may reasonably require.
Evidence of insurance policies. (a) The IAP Service Provider must, promptly following a reasonable request by TCA, provide proof that the policies of insurance required in Schedule B (including insurance for any sub-contractors) have been effected and are current at all times during the period of insurance.
(b) As proof of compliance, the IAP Service Provider must provide certificates of currency to TCA in the form specified in Schedule B.
(c) The IAP Service Provider must notify TCA within two (2) Business Days of:
(i) the cancellation of any of the policies of insurance required under this Agreement; or
(ii) the variation or reduction in the limits or coverage of such insurance policies.
Evidence of insurance policies. (a) The Rail Operator must within 10 Business Days of a request by RailCorp provide to RailCorp evidence of the insurance policies effected or maintained pursuant to this clause 15 in the form of a certificate of currency which must contain at least the information referred to in clause 3 of Annexure J or, if requested by RailCorp, copies of such insurance policies, to RailCorp's reasonable satisfaction:
(i) upon renewal of each insurance policy during the Term; and
(ii) whenever reasonably requested to do so in writing by RailCorp.
(b) If the Rail Operator fails to produce to RailCorp evidence of insurances that have been effected or maintained by it in accordance with clause 15.3(a), RailCorp may:
(i) effect and maintain any such insurance and pay the premiums and any amount so paid will be a debt due from the Rail Operator to RailCorp; and/or
(ii) terminate this Agreement by notice in writing to the Rail Operator.