PLIP definition
Examples of PLIP in a sentence
Unless otherwise set forth herein, the Port reserves the right, for any reason, to modify or discontinue all or any portion of the PLIP, or request that the Railroad Operator or any of its subconsultants or subcontractors withdraw from the PLIP, upon thirty (30) days written notice from the Port.
The Port is not a partner or guarantor of the insurance companies providing coverage under the PLIP, and the Port is not responsible for any claims or disputes between or among Rail Operator, its subconsultants or subcontractors and any PLIP insurer(s).
Any type of insurance coverage or limits of liability not provided by the PLIP which the Rail Operator or any subconsultant or subcontractor desires for its or their own protection, or which is required by applicable laws or regulations, shall be its or their sole responsibility and at its or their sole expense and shall not be billed to the Port.
As a condition to obtaining coverage under the PPL Policy, each PLIP Insured agrees and hereby consents to waive any cross-claims or third-party claims for negligence, contribution, indemnification or otherwise, arising out of any incident, circumstance, event or claim under the PPL Policy, against any other insured.
Each PLIP Insured, for whom this Exhibit B applies, shall provide evidence of professional liability insurance by way of a certificate of insurance provided to the PLIP Administrator and the Port Risk Manager prior to the commencement of Services.
Each such professional liability practice policy shall apply excess over the PPL Policy for acts, errors or omissions arising out of Design Review Services under Section 3(a) of the Agreement, and each such PLIP Insured agrees to provide written confirmation that such practice policy shall apply excess to the PPL Policy for such Design Review Services, either by way of endorsement, or written confirmation, on the PLIP Insured’s letterhead.
Each PLIP Insured must agree to waive, release and relinquish any such claim to the extent of coverage under the PPL Policy.
In addition to insurance coverages provided under the PLIP, and except as specifically provided by this Exhibit B, Railroad Operator shall obtain and maintain, and shall require each of its subconsultants and subcontractors to obtain and maintain, all of the insurance required by this Exhibit B.
Any reference in the Agreement or the PLIP Manual, as to amount, nature, type or extent of coverage provided under the PLIP and/or potential applicability to any potential claim or loss is for reference only.
The Rail Operator and its subconsultants and subcontractors represent and warrant that they have not relied upon said reference, and have relied solely upon their own independent review and analysis of the PLIP coverage, limits of liability and the PLIP Policy, when available, in formulating any understanding and/or belief as to amount, nature, type or extent of any coverage provided by the PLIP and/or the PLIP’s potential applicability to any potential claim or loss.