Common use of Purchaser’s Insurance Clause in Contracts

Purchaser’s Insurance. The Purchaser reserves the right to take out, on its own initiative: - a “Contractors’ All Risks” policy to cover physical damage to the structure from the arrival of the first materials on site until final acceptance, - an additional Contractors' “Complementary Decennial Civil Liability” policy in addition to the decennial liability policies taken outby the Supplierwhich are bound to such an obligation. This coverage will be put in place only for the project in excess of fifteen (15) Million EUR and only for works with a legal insurance obligation. Should the Purchaser decide to subscribe the above-mentioned policies for performance of the Contract, the Supplier shall be bound to unreservedly sign up to the above-defined insurance schedule, even though the Supplier may have been in competition with the Purchaserfor those policies subscription. After examination of the information provided in respect of this ARTICLE B10, the Purchaser will announce to the Supplier retained for the Contract its decision relating to taking out a Contractors’ All Risks, before the Contract is concluded. This decision will automatically be imposed on the Supplier retained without the Purchaser being required to justify such decision. The Contract will then specify whether the additional Contractors' All Risks and “Complementary Decennial Civil Liability” policies are incumbent on the Purchaser or the Supplier. If applicable, on opening of the site, the Purchaser will send the Supplier a certificate of cover for the additional Contractors' All Risks and Decennial Civil Liability policies. Whether or not the Purchaser chooses to take out the above-mentioned policies has no effect on the Supplier's risks and responsibilities in respect of the applicable laws, regulations, standardsandcontractual obligations, anypolicies taken outbythe Purchaser shall not provide any change, exemption or novation in this respect. Where these policies are extended solely due to the Supplier, the latter will pay the additional premiums corresponding to its own delay.

Appears in 3 contracts

Samples: www.alstom.com, www.alstom.com, www.alstom.com

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Purchaser’s Insurance. The Purchaser reserves the right to take out, on its own initiative: - a “Contractors’ All Risks” policy to cover physical damage to the structure from the arrival of the first materials on site until final acceptance, - an additional Contractors' “Complementary Decennial Civil Liability” policy in addition to the decennial liability policies taken outby the Supplierwhich are bound to such an obligation. This coverage will be put in place only for the project in excess of fifteen (15) Million EUR (or equivalent amount in South African Rands (ZAR)) and only for works with a legal insurance obligation. Should the Purchaser decide to subscribe the above-mentioned policies for performance of the Contract, the Supplier shall be bound to unreservedly sign up to the above-defined insurance schedule, even though the Supplier may have been in competition with the Purchaserfor those policies subscription. After examination of the information provided in respect of this ARTICLE B10, the Purchaser will announce to the Supplier retained for the Contract its decision relating to taking out a Contractors’ All Risks, before the Contract is concluded. This decision will automatically be imposed on the Supplier retained without the Purchaser being required to justify such decision. The Contract will then specify whether the additional Contractors' All Risks and “Complementary Decennial Civil Liability” policies are incumbent on the Purchaser or the Supplier. If applicable, on opening of the site, the Purchaser will send the Supplier a certificate of cover for the additional Contractors' All Risks and Decennial Civil Liability policies. Whether or not the Purchaser chooses to take out the above-mentioned policies has no effect on the Supplier's risks and responsibilities in respect of the applicable laws, regulations, standardsandcontractual obligations, anypolicies taken outbythe Purchaser shall not provide any change, exemption or novation in this respect. Where these policies are extended solely due to the Supplier, the latter will pay the additional premiums corresponding to its own delay.

Appears in 2 contracts

Samples: www.alstom.com, www.alstom.com

Purchaser’s Insurance. The Purchaser reserves the right to take out, on its own initiative: - a “Contractors’ All Risks” policy to cover physical damage to the structure from the arrival of the first materials on site until final acceptance, - an additional Contractors' “Complementary Decennial Civil Liability” policy in addition to the decennial liability policies taken outby the Supplierwhich are bound to such an obligation. This coverage will be put in place only for the project in excess of fifteen sixty-seven (1567) Million EUR AED and only for works with a legal insurance obligation. Should the Purchaser decide to subscribe the above-mentioned policies for performance of the Contract, the Supplier shall be bound to unreservedly sign up to the above-defined insurance schedule, even though the Supplier may have been in competition with the Purchaserfor those policies subscription. After examination of the information provided in respect of this ARTICLE B10, the Purchaser will announce to the Supplier retained for the Contract its decision relating to taking out a Contractors’ All Risks, before the Contract is concluded. This decision will automatically be imposed on the Supplier retained without the Purchaser being required to justify such decision. The Contract will then specify whether the additional Contractors' All Risks and “Complementary Decennial Civil Liability” policies are incumbent on the Purchaser or the Supplier. If applicable, on opening of the site, the Purchaser will send the Supplier a certificate of cover for the additional Contractors' All Risks and Decennial Civil Liability policies. Whether or not the Purchaser chooses to take out the above-mentioned policies has no effect on the Supplier's risks and responsibilities in respect of the applicable laws, regulations, standardsandcontractual obligations, anypolicies taken outbythe Purchaser shall not provide any change, exemption or novation in this respect. Where these policies are extended solely due to the Supplier, the latter will pay the additional premiums corresponding to its own delay.

Appears in 1 contract

Samples: www.alstom.com

Purchaser’s Insurance. The Purchaser reserves the right to take out, on its own initiative: - a “Contractors’ All Risks” policy to cover physical damage to the structure from the arrival of the first materials on site until final acceptance, - an additional Contractors' “Complementary Decennial Civil Liability” policy in addition to the decennial liability policies taken outby the Supplierwhich are bound to such an obligation. This coverage will be put in place only for the project in excess of fifteen seven billion seven hundred eleven millions six hundred ninety thousand tenge (157 711 690 KZT) Million EUR and only for works with a legal insurance obligation. Should the Purchaser decide to subscribe the above-mentioned policies for performance of the Contract, the Supplier shall be bound to unreservedly sign up to the above-defined insurance schedule, even though the Supplier may have been in competition with the Purchaserfor those policies subscription. After examination of the information provided in respect of this ARTICLE B10, the Purchaser will announce to the Supplier retained for the Contract its decision relating to taking out a Contractors’ All Risks, before the Contract is concluded. This decision will automatically be imposed on the Supplier retained without the Purchaser being required to justify such decision. The Contract will then specify whether the additional Contractors' All Risks and “Complementary Decennial Civil Liability” policies are incumbent on the Purchaser or the Supplier. If applicable, on opening of the site, the Purchaser will send the Supplier a certificate of cover for the additional Contractors' All Risks and Decennial Civil Liability policies. Whether or not the Purchaser chooses to take out the above-mentioned policies has no effect on the Supplier's risks and responsibilities in respect of the applicable laws, regulations, standardsandcontractual obligations, anypolicies taken outbythe Purchaser shall not provide any change, exemption or novation in this respect. Where these policies are extended solely due to the Supplier, the latter will pay the additional premiums corresponding to its own delay.

Appears in 1 contract

Samples: www.alstom.com

Purchaser’s Insurance. The Purchaser reserves the right to take out, on its own initiative: - a “Contractors’ All Risks” policy to cover physical damage to the structure from the arrival of the first materials on site until final acceptance, - an additional Contractors' “Complementary Decennial Civil Liability” policy in addition to the decennial liability policies taken outby the Supplierwhich are bound to such an obligation. This coverage will be put in place only for the project in excess of fifteen (15) Million EUR and only for works with a legal insurance obligation. Should the Purchaser decide to subscribe the above-mentioned policies for performance of the Contract, the Supplier shall be bound to unreservedly sign up to the above-defined insurance schedule, even though the Supplier may have been in competition with the Purchaserfor Purchaser for those policies subscription. After examination of the information provided in respect of this ARTICLE B10, the Purchaser will announce to the Supplier retained for the Contract its decision relating to taking out a Contractors’ All Risks, before the Contract is concluded. This decision will automatically be imposed on the Supplier retained without the Purchaser being required to justify such decision. The Contract will then specify whether the additional Contractors' All Risks and “Complementary Decennial Civil Liability” policies are incumbent on the Purchaser or the Supplier. If applicable, on opening of the site, the Purchaser will send the Supplier a certificate of cover for the additional Contractors' All Risks and Decennial Civil Liability policies. Whether or not the Purchaser chooses to take out the above-mentioned policies has no effect on the Supplier's risks and responsibilities in respect of the applicable laws, regulations, standardsandcontractual obligationsstandardsandcontractualobligations, anypolicies taken outbythe Purchaser takenoutbythePurchaser shall not provide any change, exemption or novation in this respect. Where these policies are extended solely due to the Supplier, the latter will pay the additional premiums corresponding to its own delay.

Appears in 1 contract

Samples: www.alstom.com

Purchaser’s Insurance. The Purchaser reserves the right to take out, on its own initiative: - a “Contractors’ All Risks” policy to cover physical damage to the structure from the arrival of the first materials on site until final acceptance, - an additional Contractors' “Complementary Decennial Civil Liability” policy in addition to the decennial liability policies taken outby the Supplierwhich are bound to such an obligation. This coverage will be put in place only for the project in theprojectin excess of fifteen sixty six (15) Million EUR and only 66)Million Qatari Riyals andonly for works with a legal insurance obligation. Should the Purchaser decide to subscribe the above-mentioned policies for performance of the Contract, the Supplier shall be bound to unreservedly sign up to the above-defined insurance schedule, even though the Supplier may have been in competition with the Purchaserfor those policies subscription. After examination of the information provided in respect of this ARTICLE B10, the Purchaser will announce to the Supplier retained for the Contract its decision relating to taking out a Contractors’ All Risks, before the Contract is concluded. This decision will automatically be imposed on the Supplier retained without the Purchaser being required to justify such decision. The Contract will then specify whether the additional Contractors' All Risks and “Complementary Decennial Civil Liability” policies are incumbent on the Purchaser or the Supplier. If applicable, on opening of the site, the Purchaser will send the Supplier a certificate of cover for the additional Contractors' All Risks and Decennial Civil Liability policies. Whether or not the Purchaser chooses to take out the above-mentioned policies has no effect on the Supplier's risks and responsibilities in respect of the applicable laws, regulations, standardsandcontractual obligations, anypolicies taken outbythe Purchaser shall not provide any change, exemption or novation in this respect. Where these policies are extended solely due to the Supplier, the latter will pay the additional premiums corresponding to its own delay.

Appears in 1 contract

Samples: www.alstom.com

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Purchaser’s Insurance. The Purchaser reserves the right to take out, on its own initiative: - a “Contractors’ All Risks” policy to cover physical damage to the structure from the arrival of the first materials on site until final acceptance, - an additional Contractors' “Complementary Decennial Civil Liability” policy in addition to the decennial liability policies taken outby the Supplierwhich are bound to such an obligation. This coverage will be put in place only for the project in excess of fifteen (15) Million EUR and poundsand only for works with a legal insurance obligation. Should the Purchaser decide to subscribe the above-mentioned policies for performance of the Contract, the Supplier shall be bound to unreservedly sign up to the above-defined insurance schedule, even though the Supplier may have been in competition with the Purchaserfor those policies subscription. After examination of the information provided in respect of this ARTICLE B10, the Purchaser will announce to the Supplier retained for the Contract its decision relating to taking out a Contractors’ All Risks, before the Contract is concluded. This decision will automatically be imposed on the Supplier retained without the Purchaser being required to justify such decision. The Contract will then specify whether the additional Contractors' All Risks and “Complementary Decennial Civil Liability” policies are incumbent on the Purchaser or the Supplier. If applicable, on opening of the site, the Purchaser will send the Supplier a certificate of cover for the additional Contractors' All Risks and Decennial Civil Liability policies. Whether or not the Purchaser chooses to take out the above-mentioned policies has no effect on the Supplier's risks and responsibilities in respect of the applicable laws, regulations, standardsandcontractual obligations, anypolicies taken outbythe Purchaser shall not provide any change, exemption or novation in this respect. Where these policies are extended solely due to the Supplier, the latter will pay the additional premiums corresponding to its own delay.

Appears in 1 contract

Samples: www.alstom.com

Purchaser’s Insurance. The Purchaser reserves the right to take out, on its own initiative: - a “Contractors’ All Risks” policy to cover physical damage to the structure from the arrival of the first materials firstmaterials on site until final acceptance, - an additional Contractors' “Complementary Decennial Contractors'“Complementary Civil Liability” policy in addition to the decennial liability policies taken outby the Supplierwhich are bound arebound to such an obligation. This coverage will be put in xxxxx place only for the project in theprojectin excess of fifteen (15) Million EUR and only for works with a legal insurance obligation. Should the Purchaser decide to subscribe the above-mentioned policies for performance of the Contract, the Supplier shall be bound to unreservedly sign up to the above-defined insurance schedule, even though the Supplier may have been in competition with the Purchaserfor those policies subscription. After examination of the information provided in respect of this ARTICLE B10, the Purchaser will announce to the Supplier retained for the Contract its decision relating to taking out a Contractors’ All Risks, before the Contract is concluded. This decision will automatically be imposed on the Supplier retained without the Purchaser being required to justify such decision. The Contract will then specify whether the additional Contractors' All Risks and “Complementary Decennial Civil Liability” policies are incumbent on the Purchaser or the Supplier. If applicable, on opening of the site, the Purchaser will send the Supplier a certificate of cover for the additional Contractors' All Risks and Decennial Civil Liability policies. Whether or not the Purchaser chooses to take out the above-mentioned policies has no effect on the Supplier's risks and responsibilities in respect of the applicable laws, regulations, standardsandcontractual obligations, anypolicies taken outbythe Purchaser shall not provide any change, exemption or novation in this respect. Where these policies are extended solely due to the Supplier, the latter will pay the additional premiums corresponding to its own delay.

Appears in 1 contract

Samples: www.alstom.com

Purchaser’s Insurance. The Purchaser reserves the right to take out, on its own initiative: - a “Contractors’ All Risks” policy to cover physical damage to the structure from the arrival of the first materials firstmaterials on site until final acceptance, - an additional Contractors' “Complementary Decennial anadditional Contractors'“Complementary Civil Liability” policy in addition to the decennial liability policies taken outby the Supplierwhich are bound to such an arebound tosuchan obligation. This coverage will be put in xxxxx place only for the project in fortheprojectin excess of fifteen (15) Million EUR and only for works with a legal insurance obligation. Should the Purchaser decide to subscribe the above-mentioned policies for performance of the Contract, the Supplier shall be bound to unreservedly sign up to the above-defined insurance schedule, even though the Supplier may have been in competition with the Purchaserfor those policies subscription. After examination of the information provided in respect of this ARTICLE B10, the Purchaser will announce to the Supplier retained for the Contract its decision relating to taking out a Contractors’ All Risks, before the Contract is concluded. This decision will automatically be imposed on the Supplier retained without the Purchaser being required to justify such decision. The Contract will then specify whether the additional Contractors' All Risks and “Complementary Decennial Civil Liability” policies are incumbent on the Purchaser or the Supplier. If applicable, on opening of the site, the Purchaser will send the Supplier a certificate of cover for the additional Contractors' All Risks and Decennial Civil Liability policies. Whether or not the Purchaser chooses to take out the above-mentioned policies has no effect on the Supplier's risks and responsibilities in respect of the applicable laws, regulations, standardsandcontractual obligationsstandardsandcontractualobligations, anypolicies taken outbythe takenoutbythe Purchaser shall not provide any change, exemption or novation ornovation in this respect. Where these policies are extended solely due to the Supplier, the latter will pay the additional premiums corresponding to its own delay.

Appears in 1 contract

Samples: www.alstom.com

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