Insurance Principles Sample Clauses

Insurance Principles a) The Subject, including all its parts and accessories, must be insured from the moment the Subject is accepted, at the latest, for the whole period of repayment of the Loan (hereinafter the “insurance term”). The scope, method and conditions of the insurance are determined either by the Agreement or in a separate document (e.g. the Provider’s form titled Information regarding individual insurance, confirmation of insurance or insurance terms and conditions) accepted by the Recipient. In justified cases, the Provider may request changes to the originally determined insurance scope, method and conditions, during the Agreement. The Recipient undertakes to accept the insurance scope, method and conditions newly determined by the Provider, unless this is evidently an unjustified requirement by the Provider, and to immediately ensure that the insurance of the Subject complies with these requirements, unless the Provider does so itself. If the Subject is uninsured at any time during the insurance term or insured in violation of the Agreement, a generally binding law or regulation, the Recipient must not use it.
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Related to Insurance Principles

  • General Principles 9.2.1 Each Party shall implement its tasks in accordance with the Consortium Plan and shall bear sole responsibility for ensuring that its acts within the Project do not knowingly infringe third party property rights.

  • Basic Principles The Electrical Contractor and the Union have a common and sympathetic interest in the Electrical Industry. Therefore, a working system and harmonious relations are necessary to improve the relationship between the Employer, the Union and the Public. Progress in industry demands a mutuality of confidence between the Employer and the Union. All will benefit by continuous peace and by adjusting any differences by rational common-sense methods.

  • Cost Principles The Subrecipient shall administer its program in conformance with 2 CFR Part 200, et al; (and if Subrecipient is a governmental or quasi-governmental agency, the applicable sections of 24 CFR 85, “Uniform Administrative Requirements for Grants and Cooperative Agreements to State and Local Governments,”) as applicable. These principles shall be applied for all costs incurred whether charged on a direct or indirect basis.

  • Statement of Basic Principles A. Every employee covered by this Agreement shall have the right to present grievances in accordance with these procedures, with or without representation. Nothing contained in this Article or elsewhere in this Agreement shall be construed to prevent any individual teacher from discussing a problem with the Administration and having it adjusted without intervention or representation of organization representatives, provided that the Union has been given the opportunity to be present at such adjustment.

  • Funding Principles A Party that spends less than its allocated share of the budget as set out in the Consortium Plan or – in case of reimbursement via unit costs - implements less units than foreseen in the Consortium Plan will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the budget as set out in the Consortium Plan will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share.

  • Governing Principles 1. The implementation of this Memorandum of Understanding shall in all aspects be governed by the Regulation and subsequent amendments thereof.

  • Operating Principles The operations of the Bank shall be conducted in accordance with the principles set out below.

  • XXXXXXXX FAIR EMPLOYMENT PRINCIPLES In accordance with the XxxXxxxx Fair Employment Principles (Chapter 807 of the Laws of 1992), the Contractor hereby stipulates that the Contractor either (a) has no business operations in Northern Ireland, or (b) shall take lawful steps in good faith to conduct any business operations in Northern Ireland in accordance with the XxxXxxxx Fair Employment Principles (as described in Section 165 of the New York State Finance Law), and shall permit independent monitoring of compliance with such principles.

  • Principles of cooperation The Parties shall apply the following principles to cooperation activities covered by this Agreement:

  • COST PRINCIPLES AND ADMINISTRATIVE REQUIREMENTS A. CONSULTANT agrees that the Contract Cost Principles and Procedures, 48 CFR, Federal Acquisition Regulations System, Chapter 1, Part 31.000 et seq., shall be used to determine the cost allowability of individual items.

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