Validity of Insurance. The Developer shall from time to time promptly pay insurance premium, keep the insurance policies in force and valid throughout the Agreement Period and furnish copies thereof to the Authority. If at any time the Developer fails to obtain or maintain in full force and effect any and all of the insurance required under this Agreement, the Authority may at its option (but not being obliged to do so) obtain and maintain such insurance and all sums incurred by the Authority thereof shall be reimbursed by the Developer to the Authority together with interest thereon at 5% over Bank Rate from the date the respective sums were incurred by the Authority, within 7 (seven) days from the receipt of claim in respect thereof made by the Authority.
Validity of Insurance. 3.1 Single - single travelling with term directed in policy; maximal limit is 730 days for one police.
Validity of Insurance. The Developer shall from time to time promptly pay insurance premium, keep the insurance policies in force and valid throughout the Agreement Period, and furnish copies thereof to JTDCL. The insurance policy shall not be cancelled or terminated unless 60 days' clear notice of cancellation is provided to JTDCL in writing. If at any time the Developer fails to obtain or maintain in full force and effect any and all of the insurance required under this Agreement, JTDCL may at its option (but not being obliged to do so) obtain and maintain such insurance and all sums incurred by JTDCL thereof shall be reimbursed by the Developer to JTDCL together with interest thereon at 5% over SBI PLR from the date the respective sums were incurred by JTDCL , within 7 days from the receipt of claim in respect thereof made by JTDCL .
Validity of Insurance. The Concessionaire shall, from time to time, promptly pay insurance premium, keep the insurance policies in force and valid throughout the Concession Period. The insurance policy shall not be cancelled or terminated unless 60 days' clear notice of cancellation is provided to NNR in writing. If at any time the Concessionaire fails to obtain or maintain in full force and effect any and all of the insurance required under this Agreement, NNR may at its option (but not being obliged to do so) obtain and maintain such insurance and all sums incurred by NNR thereof shall be reimbursed by the Concessionaire to NNR together with interest thereon at 5% (five) percent over SBI PLR from the date the respective sums were incurred by NNR, within 7 (seven) days from the receiptof claim in respect thereof made by NNR.
Validity of Insurance. 7.1 On applying for a policy, the insured shall have made an exact declaration of all the facts and circumstances known to him, which are likely to lead to an assessment of the risks attaching to the Contract and its economic interest (in particular, the nature and amount of foreign incorporations and local expenditure). Save where banks enjoy a continuous relationship, the insured shall be particularly required to declare, both prior to the issue of the policy and during the period of cover, all of his current and future claims on the debtor and his guarantor, any securities or guarantees put up or to be put up by the latter and any securities or guarantees obtained or to be obtained from third parties in connection with the Contract. The insured shall be liable for the description and, possibly, the interpretation of the Contract even if Ducroire has taken sight of the contract documents and has not commented on them. Any non-disclosure or incorrect declaration by the insured, even in good faith, shall automatically void cover if it leads to a false assessment of the risks attaching to or the economic interest of the Contract, where Ducroire would not have entered into the Contract or would have done so on other terms had more accurate information been available to it. Where, however, the insured demonstrates his good faith, such voiding may be revoked if he agrees to these other terms.
Validity of Insurance. The Supplier must not do anything to make void or inapplicable any policy of insurance, which the Supplier is required to effect and maintain under this Agreement.
Validity of Insurance. The Lesseeshall from time to time promptly pay insurance premium, keep the insurance policies in force and valid throughout the Lease Period and furnish copies thereof to the Lessor. If at any time the Lesseefails to obtain or maintain in full force and effect any and all of the insurance required under this Lease Deed, the Lessormay at its option (but not being obliged to do so) obtain and maintain such insurance and all sums incurred by the Lessorthereof shall be reimbursed by the Lesseeto the Lessortogether with interest thereon at 5% over SBI MCLR from the date the respective sums were incurred by the Lessor, within 7 (seven) days from the receipt of claim in respect thereof made by the Lessor.
Validity of Insurance. In respect of the insurances referred to in paragraph 20.1:
Validity of Insurance. The Concessionaire shall, from time to time, promptly pay insurance premium, keep the insurance policies in force and valid throughout the Concession Period. The insurance policy shall not be cancelled or terminated unless 60 days' clear notice of cancellation is provided to SIIDCUL in writing. If at any time the Concessionaire fails to obtain or maintain in full force and effect any and all of the insurance required under this Agreement, SIIDCUL may at its option (but not being obliged to do so) obtain and maintain such insurance and all sums incurred by SIIDCUL thereof shall be reimbursed by the Concessionaire to SIIDCUL together with interest thereon at 5% (five) percent over SBI PLR from the date the respective sums were incurred by SIIDCUL, within 7 (seven) days from the receipt of claim in respect thereof made by SIIDCUL.
Validity of Insurance. The Operator shall, from time to time, promptly pay insurance premium, keep the insurance policies in force and valid throughout the Project Period. If at any time the Operator fails to obtain or maintain in full force and effect any and all of the insurance required under this Agreement, Brajrajnagar Municipality may at its option (but not being obliged to do so) obtain and maintain such insurance and all sums incurred by Brajrajnagar Municipality thereof shall be deducted from the Tipping fees of the Operator by Brajrajnagar Municipality.
