Common use of Maintain Insurance Policies Clause in Contracts

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. 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 Aurizon Network) those policies of insurance required by this Agreement.

Maintain Insurance Policies. The Operator must prior to Before the commencement of Train Services Services, the Operator must, at its expense expense, take out and subsequently maintain current at all times during the Term insurance with a Corporation corporation (as defined in the Corporations Act) licensed to conduct insurance business in Australia (or otherwise reasonably acceptable to QR Aurizon Network) those policies of insurance required by this Agreement.

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 NetworkQueensland Rail) those policies of insurance required by this Agreement.

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 NetworkQR) those policies of insurance required by this Agreement.

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 QRAurizon Network) those policies of insurance required by this Agreement.

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 AgreementAgreement 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.