Additional Insurances Clause Samples
The 'Additional Insurances' clause requires one or both parties to obtain and maintain insurance coverage beyond the standard policies typically required in a contract. This may include specific types of insurance, such as professional liability, cyber risk, or environmental coverage, depending on the nature of the agreement and associated risks. By mandating these extra protections, the clause ensures that both parties are adequately covered against particular risks that may arise during the course of their relationship, thereby allocating risk and providing financial security in case of unforeseen events.
Additional Insurances. (a) For Facility Limits granted for the construction, rehabilitation, consolidation or extension of an immovable asset, the Bank is entitled to request the Borrower at any time, and if the Borrower receives such request, it undertakes to conclude and maintain, bearing all related costs, an insurance policy against all risks in respect of the works, including against non-completion of the construction, if the case, valid until the completion of works. The Borrower undertakes to conclude an insurance policy of the existing construction covering all risks on the following day after completion of the construction.
(b) The Borrower undertakes to conclude and maintain an insurance policy over the assets representing the investment financed through the Credit Facility.
(c) The provisions of this Clause are in addition to, and without prejudice to, the provisions of Clause 5.1 letter (h) from Chapter 1 (General provisions) hereof, and any insurance policy conclude under this Clause shall comply accordingly with the terms and conditions of the above mentioned Clause 5.1 letter (h).
Additional Insurances. Not applicable when the Call-Off Contract is awarded through a direct award procedure.
Additional Insurances. Nothing herein provided shall prevent Owner from arranging, for its sole benefit and at its own sole expense, additional insurance cover of the types included in the Compulsory Insurances and/or insurance of other types on such terms as Owner thinks fit.
Additional Insurances. The Intercreditor Agent may at any time, having consulted with the Insurance Adviser and acting reasonably and taking into account the availability in the international market place of the following relevant item on reasonable commercial terms, require the Company to:
Additional Insurances. The Agent may at any time, having consulted with the Insurance Adviser and acting reasonably and taking into account the availability in the international market place of the following relevant items on reasonable commercial terms, require the Company or any other Relevant Obligor to:
Additional Insurances. Nothing herein provided shall prevent Owner from arranging, for its sole benefit and at its own sole expense, additional insurance cover; provided, however, that:
(i) to the extent that any claim amount recoverable under additional insurance (for which Charterer was directly or indirectly to have received a benefit) is reduced by reason of the existence of any such other insurance, Owner shall credit Charterer with the amount of such lost benefit;
(ii) such additional insurance may be purchased but only to the extent permitted by and within the warranties of the conditions on which Vessel’s Hull and Machinery Insurance is written, unless agreement for amending such warranties is obtained from underwriters. Execution version re Hull 1689 A Standard form letter of indemnity to be given in return for delivering cargo without production of the original ▇▇▇▇ of Lading B Standard form letter of indemnity to be given in return for delivering cargo at a port other than that stated in the ▇▇▇▇ of Lading C Standard form letter of indemnity to be given in return for delivering cargo at a port other than that stated in the ▇▇▇▇ of Lading and without production of the original ▇▇▇▇ of Lading Execution version re Hull 1689 To: [ ] the Owner of the LNG Carrier (insert name of ship) Ship: [insert name of ship] Voyage: [insert load/discharge port, as stated in the ▇▇▇▇ of Lading] Cargo: [insert description of cargo and quantity] ▇▇▇▇(s) of Lading: [insert identification number, date, place of issue] Dear Sirs, The above cargo was shipped on the above vessel by (insert name of shipper) and consigned to (insert name of consignee or to whose order the ▇▇▇▇ of Lading is made out, as appropriate) for delivery at the port of (insert name of discharge port stated in the ▇▇▇▇ of Lading), but the Bills of Lading have not yet arrived and we (insert name of party requesting delivery), hereby request you to give delivery of the said cargo to (insert name of party to whom delivery is to be made) without production of the original Bills of Lading. In consideration of your complying with our above request, we hereby agree as follows:
1. To indemnify you, your servants and agents and to hold all of you harmless in respect of any liability, loss, damage or expenses of whatsoever nature which you may sustain by reason of delivering the cargo to the above consignees in accordance with our request.
2. In the event of any proceedings being commenced against you or any of your servants or agent...
Additional Insurances. Subject to Clause 2.1(d) (General Requirements) of this Schedule, the Company undertakes to purchase and maintain such additional insurance or wider cover and higher limits of cover under existing insurances that a prudent developer, owner or operator of the Project, its site and facilities would purchase and maintain, or as the Finance Parties may reasonably require in order to protect their own interests in relation to the Project, if such additional or wider cover at any time is or becomes available in the international insurance or reinsurance market on reasonable commercial terms, if there is (in the reasonable opinion of the Company or the Lenders) a material change in or material increase in the insurable risks relating to the Project. In determining whether a prudent developer, owner or operator of the Project would purchase such additional insurance regard shall be had to the scope of such insurance and its cost in the context of the finances of the Project.
Additional Insurances. 17.1. Where the Specified Service is of a type normally covered by professional indemnity insurance The Subcontractor shall maintain such insurance to the sum of at least £250,000.
17.2. No policy of insurance required under this clause 16 to be maintained by the Subcontractor shall be subject to an excess or deductible in excess of the amount (if any) disclosed to and agreed by FFM in writing prior to the date of the agreement.
17.3. Details of the policies required under this clause 16 shall be produced to FFM upon reasonable request.
Additional Insurances. The Supplier shall effect and maintain policies of insurance as referred to in Joint Schedule 3 (Insurance Requirements) in accordance with the framework agreement. GUARANTEE Not applicable SOCIAL VALUE COMMITMENT The Supplier agrees, in providing the Deliverables and performing its obligations under the Call-Off Contract, that it will comply with the social value commitments outlined in Section 4.83 to 4.86 of Appendix 1 - Statement of requirements. TERMINATION As per section 10.2.2 of the Core Terms the Buyer has the right to terminate this Call- Off Contract at any time without reason by giving the Supplier not less than 90 days' written notice. For and on behalf of the Supplier: For and on behalf of the Buyer: Signature: Signature: Name: Name: Role: Director Role: Chief Finance Officer Date: 13 January 2023 Date: 13 January 2023 This Appendix sets out the requirements and services that the Supplier will be required to deliver under this Call-Off Contract as was stated in the further competition invitation to tender.
Additional Insurances. The Consultant may at its own cost take out and maintain any additional insurance it may desire including policies in respect of any exclusions, conditions or deductibles contained in any other policy of insurance required by this Agreement and for which the Consultant may become liable.