13.4  Evidence of insurance

By no later than 10 Business Days after the Commencement Date, the Proponent must produce evidence to the satisfaction of the Project Owner for each Member, whether by certificate of currency or otherwise, that:

(a)  the insurances referred to in this clause 13 are taken out and maintained; and

(b)  all premiums in respect of the policies of insurance contemplated by this clause 13 have been paid and are up to date.