Maintain Insurance Policies. The Operator must prior to the commencement of Train Services at its expense take out and subsequently maintain current at all times during the Term insurance with a Corporation licensed to conduct insurance business in Australia (or otherwise reasonably acceptable to QR Network) those policies of insurance required by this Agreement.
Maintain Insurance Policies. Before the commencement of Train Services, the Access Holder must, at its expense, take out and subsequently maintain current at all times during the Term insurance with a corporation (as defined in the Corporations Act) licensed to conduct insurance business in Australia (or otherwise reasonably acceptable to Aurizon Network) those policies of insurance required by this Agreement.
Maintain Insurance Policies. The End User must, prior to the first nomination of an Operator, at the End User’s expense take out and subsequently maintain current at all times during the Term insurance with a Corporation licensed to conduct insurance business in Australia (or otherwise reasonably acceptable to Aurizon Network) those policies of insurance required by this Agreement.
Maintain Insurance Policies. The Access Holder must, and/or (as appropriate) must cause the Operator to, prior to the commencement of Train Services at their expense take out and subsequently maintain current at all times during the Term insurance with a Corporation licensed to conduct insurance business in Australia (or otherwise reasonably acceptable to QR Network) those policies of insurance required by this Agreement.
Maintain Insurance Policies. The End User must, prior to the first nomination of an Operator, at the End User’s expense take out and subsequently maintain current at all times during the Term insurance with an insurer having an insurance financial strength rating of “A” or better by Standard & Poor’s or, if Standard & Poor’s ceases to exist or to provide such ratings, the rating which most closely corresponds to that rating by another agency or person which is recognised in global financial markets as a major ratings agency.
Maintain Insurance Policies. Formatted: Bullets and Numbering The End User must, prior to the first nomination of an Operator, at the End User‟s expense take out and subsequently maintain current at all times during the Term insurance with a Corporation licensed to conduct insurance business in Australia (or otherwise reasonably acceptable to QR Network) those policies of insurance required by this Agreement. Formatted: Font: Bold, Italic, Highlight
Maintain Insurance Policies. The Rail Operator must at its expense take out and subsequently maintain current at all times during the Term the policies of insurance required by this clause 15 with an insurer rated by Standard & Poors or AM Best (or some other recognised rating agency of like standing) as not less than 'A' (or equivalent for the rating agency concerned if not Standard & Poors or AM Best) provided that RailCorp may, acting reasonably, otherwise permit the Rail Operator to take out and maintain the insurance with an insurer acceptable to it, which insurer is:
