Joint Insurance Account definition

Joint Insurance Account means the joint bank account (in accordance with clause 72.13.2 (Reinstatement)) in the names of both the Authority and the Contractor;

Joint Insurance Account means the joint bank account in the names of HPTE and the Concessionaire, such account to be opened prior to the Commencement Date.

Joint Insurance Account means the joint bank account in the names of the Authority and the Contractor, having account number [ ] and held with [ ];

Examples of Joint Insurance Account in a sentence

• The Authority shall require bidders to bid on the basis that they will receive the benefit of any outstanding claims under material damage insurance policies and amounts (if any) standing to the credit of the Joint Insurance Account on the date that the New Contract is entered into.

• All insurance proceeds paid under any Physical Damage Policy in respect of a single event (or a series of related events) in an amount in excess of £[minimum level] indexed shall be paid into the Joint Insurance Account.

• The Contractor shall set up and at all times maintain an account in the joint names of the Authority and the Contractor (the Joint Insurance Account).

• After the Concession Agreement is terminated, HPTE may use any amounts on deposit in the Joint Insurance Account to fund any Reinstatement Work.

• If the Concessionaire undertakes the Reinstatement Work in relation to non- separable elements, then during the Term the Concessionaire may apply amounts on deposit in the Joint Insurance Account to fund such Reinstatement Work.

More Definitions of Joint Insurance Account

Joint Insurance Account means an account in the joint names of the Authority and the Contractor to which shall be credited all insurance proceeds from any Physical Damage Insurance Policies;

Joint Insurance Account has the meaning given in clause 34.12

Joint Insurance Account means the joint bank account in the names of the Scottish Ministers and the Company, having account number 00000000 and sort code 207767 and held with Barclays Bank plc; Joint Insurance Cost Report shall bear the meaning ascribed to it in Clause 52.2;

Joint Insurance Account. “Operation Sub-Contractor” “Phase 2 Work”

Joint Insurance Account means a bank account in the names of the Authority and the PPP Co and into which, subject to the terms of Clause 48 (Insurance), proceeds paid by insurers of the policies referred to in paragraphs 1.1, 1.2, 1.4, 1.6, 2.1 and 2.2 of Part 1 of [Clause 48 – Schedule] (Insurance) are to be paid.

Joint Insurance Account has the meaning given in the Concession Agreement. “Liquid Market” has the meaning given in the Concession Agreement.

Joint Insurance Account means the joint bank account in the names of the Authority and the Contractor, contemplated by Xxxxxx 56, to be set up by the Contractor as soon as reasonably practicable before the carrying out of any building or demolition work on Site; the Contractor to provide confirmation of the account number, sort code and identity of bank to the Authority’s Representative before the Works Commencement Date; Judicial Review Challenge has the meaning given to it in Schedule 26 (Planning); Landfill (a) for the purposes of Landfill Tax has the meaning attributed to it by Section 65(1) of the Finance Act 1996; and