Common use of Insurance Cover Clause in Contracts

Insurance Cover. The Concessionaire shall, at its cost and expense, purchase and maintain effective from the Compliance Date and during the Term such insurance policies for such maximum sums as are necessary and customary under Financing Documents and Applicable Laws, and/or in accordance with Good Industry Practice (or may in the future become available) on commercially reasonable terms and reasonably required to be maintained consistent with projects and facilities of the size and type of the Project, including but not limited to the following: (a.) Builders’/Contractors’ all risk insurance; (b.) Erection insurance and/or break down insurance; (c.) Public liability insurance applicable for the Term, Closure and Post Closure Period; (d.) Statutory insurances such as workmen’s compensation insurance or any other insurance required by the Applicable Laws; (e.) Comprehensive Third Party liability insurance including injury or death to Persons who may enter the Site; (f.) Insurance policies related to any of the Concessionaire’s obligations hereunder; (g.) Any other insurance that may be considered necessary by the Authority / GoK/ Lenders of the Concessionaire, if any, to protect the Concessionaire, its employees and its assets (against loss, damage or destruction at replacement value) or otherwise, including all Force Majeure Events that are insurable and not otherwise covered in items (a) to (f).

Insurance Cover. The Concessionaire shall, at its cost and expense, purchase and maintain effective from the Compliance Date and during the Term such insurance policies for such maximum sums as are necessary and customary under Financing Documents and Applicable Laws, and/or in accordance with Good Industry Practice (or may in the future become available) on commercially reasonable terms and reasonably required to be maintained consistent with projects and facilities of the size and type of the Project, including but not limited to the following: (a.) Builders’/Contractors’ Builders‟/Contractors‟ all risk insurance; (b.) Erection insurance and/or break down insurance; (c.) Public liability insurance applicable for the Term, Closure and Post Closure Period; (d.) Statutory insurances such as workmen’s workmen‟s compensation insurance or any other insurance required by the Applicable Laws; (e.) Comprehensive Third Party liability insurance including injury or death to Persons who may enter the Site; (f.) Insurance policies related to any of the Concessionaire’s Concessionaire‟s obligations hereunder; (g.) Any other insurance that may be considered necessary by the Authority / GoK/ Lenders of the Concessionaire, if any, to protect the Concessionaire, its employees and its assets (against loss, damage or destruction at replacement value) or otherwise, including all Force Majeure Events that are insurable and not otherwise covered in items (a) to (f).

Insurance Cover. The Concessionaire shall, at its cost and expense, purchase and maintain effective from the Compliance Date and during the Term such insurance policies for such maximum sums as are necessary and customary under Financing Documents and Applicable Laws, and/or in accordance with Good Industry Practice (or may in the future become available) on commercially reasonable terms and reasonably required to be maintained consistent with projects and facilities of the size and type of the Project, including but not limited to the following: (a.a) Builders’/Contractors’ all risk insurance; (b.b) Erection insurance and/or break down insurance; (c.c) Public liability insurance applicable for the Term, Closure and Post Closure Period; (d.d) Statutory insurances such as workmen’s compensation insurance or any other insurance required by the Applicable Laws; (e.e) Comprehensive Third Party liability insurance including injury or death to Persons who may enter the Site; (f.f) Insurance policies related to any of the Concessionaire’s obligations hereunder; (g.g) Any other insurance that may be considered necessary by the Authority / GoK/ AMC/GoCG/Lenders of the Concessionaire, if any, to protect the Concessionaire, its employees and its assets (against loss, damage or destruction at replacement value) or otherwise, including all Force Majeure Events that are insurable and not otherwise covered in items (a) to (f).