Common use of Continuity of Terms Clause in Contracts

Continuity of Terms. All policy terms, cover, deductibles and endorsements contained in policies taken out for or at the beginning of the operational phase of the Project (whether at Economic Completion or otherwise) shall be, mutatis mutandis, the same in all material respects as those provided in the corresponding construction phase policy. Furthermore, all policy terms, cover and endorsements shall remain unchanged in all material respects on policy renewal, unless otherwise provided hereunder.