Project Insurances definition

Project Insurances has the meaning set forth in Attachment EE.

Project Insurances has the meaning set forth in Attachment 31.

Project Insurances. “Project Site” “Prudent Industry Practice” means this Agreement, the EPC Contract, Transmission Connection Agreement, the Generation Licence, the Consents, the Operations and Maintenance Agreement, and any other agreements or contracts in relation to the Power Project; shall have the meaning set forth in Clause 21.1 (Insurances and Information); means the location of the Power Project as described in Clause 5.1; means the practices, methods and acts engaged by a utility in the electricity industry in Southern Africa having regard to operational and engineering considerations, including manufacturers’ recommendations, and to reasonable costs consistent with reliability and safety or a globally leading Biomass Generation Power producer who, in the conduct of its undertaking, exercises that degree of diligence, prudence and foresight reasonably and ordinarily exercised by skilled and experienced internationally recognised operators engaged in the same type of undertaking under the same or similar circumstances and conditions, and includes: (i) complying with: (a) recognised standards pertaining to that activity; (b) manufacturers’ instructions and operating manuals; and (c) the terms of this Agreement; and (ii) taking reasonable steps to ensure that: (a) adequate materials, resources and supplies are available at the necessary places under normal conditions associated with existing operations; (b) sufficient experienced and trained operating personnel are available to operate the Power Plant and the Connection Facilities, as the case requires, properly, efficiently and within manufacturer’s guidelines and specifications and are able to respond to emergency conditions; (c) preventative, routine and non-routine maintenance and repairs are carried out to provide long term and reliable operation and are performed by knowledgeable, trained and experienced personnel using proper equipment, tools and procedures in accordance with the manufacturer’s recommendations; (d) appropriate monitoring and testing is carried out to ensure that equipment will function properly under normal and emergency conditions; (e) equipment is operated and maintained in a manner safe for workers, the general public, and the environment; and (f) equipment is operated and maintained in accordance with any valid requirement established by legislation or regulation of any governmental agency having jurisdiction with respect to the Power Plant and the Connection Facilities, as the case requires...

Examples of Project Insurances in a sentence

• Any uncertainty or ambiguity existing herein shall not be interpreted against either party because such party prepared any portion of this Agreement, but shall be interpreted according to the application of rules of interpretation of contracts generally.

• Petitioners that do not cooperate with all site visit requirements may have underestimated the reasonable compliance burden they assented to, and, due to this proposed rule, would experience or expect to experience additional compliance burden associated with unchanged site visits and verification activities.

• The Seller shall cause its insurers to waive all rights of subrogation against NamPower in respect of a claim arising under any of its Project Insurances (except, in so far as the waiver of such rights against the Seller) is concerned in circumstances where the Seller has by its act or omission vitiated the Project Insurances.

• Such residual exposure is not acceptable where the Private Party’s liability (for example, for property damage) is or ought to be covered by any of the agreed Project Insurances (which are indirectly being paid for by the Institution through the Unitary Payment).

• The Private Party’s liability under its indemnity for the breach by it of its statutory duties should also be uncapped, because this liability should be covered by the agreed Project Insurances.

More Definitions of Project Insurances

Project Insurances means insurance in connection with the Project and the Bécancour Site covering all risks and liabilities as per industry standards, on a basis consistent with good industry practice, including but not limited to (to the extent relevant to the Project at the time of Closing and subject to customary exclusions):

Project Insurances the insurance policies described in Schedule [ ] of the Project Agreement, taken out and maintained by the Contractor under Clause [ ] of the Project Agreement;

Project Insurances means the insurances and reinsurances required to be taken out in accordance with this Agreement.

Project Insurances means all insurances that the Borrower is required to maintain pursuant to Clause 22.12(a) (Insurance).

Project Insurances means each of the contracts of insurance or reinsurance entered into by or on behalf of the Borrower in respect of the Project and in accordance with its obligations under Clause 24 (Project Insurance) and Schedule 13 (Project Insurances).

Project Insurances has the meaning given to it in Clause 45 (Insurance);

Project Insurances has the meaning given to it in Clause 20 (Project Insurance);