Operation Phase. 1.1 The Borrower shall procure that Insurances complying with the requirements specified in Part 2 of this Schedule 8 are taken out in respect of the Project Facilities and are thereafter maintained throughout the Contract Period. 1.2 The Borrower shall procure that "contractors professional indemnity" insurance (which in the opinion of the Agent (in consultation with the Insurance Adviser), is satisfactory in all respects and in effect with suitable insurers) shall be maintained for the twelve year period commencing on the date of issue of the Completion Certificate.
Appears in 2 contracts
Sources: Facility Agreement (Macquarie Infrastructure CO Trust), Facility Agreement (Macquarie Infrastructure Assets Trust)