Insurance Standard and Obligations Sample Clauses

Insurance Standard and Obligations. The Supplier must ensure that Supplier Insurances are effected with insurers which have a minimum Standard and Poor’s credit rating of A− (or better) (or equivalent rating with another internationally recognised international rating agency). The Supplier must: (i) pay all premiums and other costs in effecting and maintaining the Suppliers insurances; (ii) pay all excesses and deductibles; (iii) not cancel, vary or allow any insurance policies to lapse during the period it is required to maintain them under this Agreement and (iv) provide Certificates of Currency for each insurance policy to the Purchaser. Failure to maintain insurances is a breach of this Agreement. Performance and Quality