Common use of At all times Clause in Contracts

At all times. a) All insurances required by applicable laws and regulations; b) Title insurance (to be confirmed and/or waived prior to disbursement based on legal opinion from local counsel); c) The Borrower shall cause the contractors to comply with all insurance requirements in the EPC contracts, including, inter alia, maintenance of Professional Liability insurance, construction bond (if applicable), as well as any other insurances as is customary, desirable or necessary to comply with local or other requirements, such as Workers’ Compensation and Employers’ Liability insurance in relation to all workmen employed in the construction of the Project, construction plant, machinery and equipment insurance, motor vehicle liability insurance for all vehicles owned, hired, leased, used or borrowed for use in connection with the Project. d) The Borrower shall cause the tenants to arrange: (i) construction insurance (covering material loss of or damage to contract works and third party liability, including damage to the Borrower’s and other tenants’ property) during performance of construction / fit-out works in the rented premises; (ii) property damage insurance for their assets and inventory; (iii) third party liability insurance covering, inter alia, damage to the Borrower’s and other tenants’ property; and (iv) all insurances required by applicable laws and regulations. e) Promptly following the receipt of a notice from IFC from time to time, the Borrower shall cover any material change in the identified risk exposure of the Borrower related to the Project, its business or assets: (i) obtain such additional insurance coverage of risks or liabilities that are not specified in this Annex C as would from time to time be obtained by a prudent company on terms and conditions acceptable to IFC; and/or (ii) make such modifications to the terms, conditions, amounts or deductibles of any insurance policy required this Annex C as IFC may determine; and/or (iii) make such modifications to the amounts and deductibles of any required insurance policy to take account of inflationary and other relevant factors; provided always that if at any time and for any reason any insurance required to be maintained under this Agreement shall not be in full force and effect, then IFC shall thereupon, or at any time while the same is continuing, be entitled (but have no obligation) on its own behalf to procure that insurance at the expense of the Borrower and to take all such steps to minimize hazard as IFC may consider expedient or necessary.

At all times. a) All insurances required by applicable laws and regulations; b) Title insurance (to be confirmed and/or waived prior to disbursement based on legal opinion from local counsel); c) The Borrower shall cause the contractors to comply with all insurance requirements in the EPC contracts, including, inter alia, maintenance of Professional Liability insurance, construction bond (if applicable), as well as any other insurances as is customary, desirable or necessary to comply with local or other requirements, such as Workers’ Compensation and Employers’ Liability insurance in relation to all workmen employed in the construction of the Project, construction plant, machinery and equipment insurance, motor vehicle liability insurance for all vehicles owned, hired, leased, used or borrowed for use in connection with the Project. d) The Borrower shall cause the tenants to arrange: (i) construction insurance (covering material loss of or damage to contract works and third party liability, including damage to the Borrower’s and other tenants’ property) during performance of construction / fit-out works in the rented premises; (ii) property damage insurance for their assets and inventory; (iii) third party liability insurance covering, inter alia, damage to the Borrower’s and other tenants’ property; and (iv) all insurances required by applicable laws and regulations. e) Promptly following the receipt of a notice from IFC from time to time, the Borrower shall cover any material change in the identified risk exposure of the Borrower related to the Project, its business or assets: (i) obtain such additional insurance coverage of risks or liabilities that are not specified in this Annex C as would from time to time be obtained by a prudent company on terms and conditions acceptable to IFC; and/or (ii) make such modifications to the terms, conditions, amounts or deductibles of any insurance policy required this Annex C as IFC may determine; and/or (iii) make such modifications to the amounts and deductibles of any required insurance policy to take account of inflationary and other relevant factors; provided always that if at any time and for any reason any insurance required to be maintained under this Agreement shall not be in full force and effect, then IFC shall thereupon, or at any time while the same is continuing, be entitled (but have no obligation) on its own behalf to procure that insurance at the expense of the Borrower and to take all such steps to minimize hazard as IFC may consider expedient or necessary.