2016-10-17 GC Agenda - Item 8 - Attachment 2 (Amended) - Statement of Financial Position

              (ii)    loss or damage to property caused by the Buses,

              while they are at the Lessee's risk.

       (c)    The Lessee shall maintain compulsory third party motor vehicle insurance in
              respect of the Buses in Vehicle Class ‘TransLink Urban 10B’ during the Term.

18.3   Proof of insurance

       (a)    Whenever requested in writing by the Lessee, the Lessor shall produce evidence
              to the satisfaction and approval of the Lessee that the Required Insurance
              Policies have been effected and maintained (and will be effected and maintained
              for the periods they are required to be effected and maintained).

       (b)    The effecting of insurance shall not limit the liabilities or obligations of a party
              under other provisions of the Lease.

18.4   Miscellaneous insurance provisions

       The Lessor shall:

       (a)    maintain all Required Insurance Policies with insurers registered in Australia and
              approved by the Lessee, acting reasonably;

       (b)    pay all premiums and other amounts payable in respect of the Required Insurance
              Policies and give evidence of those payments having been made when requested
              by the Lessee;

       (c)    pay all excesses and deductibles in respect of a claim under a Required
              Insurance Policy, unless the claim includes only loss, damage or claims for which
              the Lessor is not responsible under the Lease;

       (d)    ensure that it satisfies itself as to and complies strictly with the terms of any
              Required Insurance Policy;

       (e)    allow the Lessee to participate in the negotiation of any insurance claim in which
              the Lessee is interested;

       (f)    ensure that any proceeds received from any insurance claim in which the Lessee
              is interested are paid (in priority to any other payments) to compensate the
              Lessee as fully as possible for any loss, damage, claim or other liability of the
              Lessee covered by the policy; and

       (g)    give immediate notice to the Lessee and all other insured parties if there is any
              cancellation or material change affecting the Lessee's or any other insured party's
              interest in respect of any of the Required Insurance Policies.

19.    Charging Infrastructure

       (a)    The Lessor will:

              (i)     supply, install and maintain the Charging Infrastructure during the Term at
                      no cost to the Lessee; and

              (ii)    own all Charging Infrastructure and will      remain the owner of such
                      infrastructure at the end of the Term.



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