All Risk Insurance. From Final Acceptance through the expiration of the Warranty Period for the relevant Project, Buyer shall maintain “All Risks” Property Insurance. In the event of a loss or damage from the Warranty Period through the expiration of the Warranty Period for any Project, the Buyer shall be responsible for the policy deductible unless the loss or damage results from the negligence of the Seller, in which case the Seller shall be responsible for the lesser of the actual policy deductible or $*** per occurrence; provided, however, that the Seller’s liability for any such deductible shall be subject to the liability limits set forth in Article 24. The “All Risks” Property Insurance policy shall meet the following requirements: (a) the policy shall cover “all risks” of physical loss or damage except as hereinafter provided, including coverage for boiler and machinery (electrical and mechanical breakdown), transit, and off-site storage exposure for an amount equal to the replacement value of the relevant property; and (b) the coverage shall not contain an exclusion for resultant damage caused by faulty workmanship, design or materials. This policy shall include a waiver of subrogation in favor of the Seller, its Affiliates, and its Subcontractor and Suppliers.
All Risk Insurance. Borrower shall obtain and maintain All Risk insurance coverage, which coverages and risks insured meet the standards established in Part V, Section 106 of the Xxxxxx Xxx D.U.S. Guide, effective November 3, 2003, as amended from time to time, to the extent available at commercially reasonable rates and satisfactory to Grantee, on the Project, and all movable and immovable property securing the Indebtedness.
All Risk Insurance. (a) The Lessor shall procure and continue in force during the term hereof such amounts as in its judgment are adequate of All Risk Replacement Cost Insurance with Agreed Amount Endorsement (the latter to be adjusted annually) upon the facilities constructed, erected or installed on the Leased Premises at the beginning of the term hereof. The Lessee shall pay to the Lessor upon presentation of invoice therefor and as additional rent during the term hereof, an amount equal to the premiums for such All Risk Replacement Cost Insurance. During the term hereof the Lessee shall procure and continue in force All Risk Replacement Cost Insurance with Agreed Amount Endorsement (the latter to be adjusted annually) upon facilities, machinery, equipment and appurtenances constructed, erected or installed on or in the Leased Premises by the Lessee and which have or may become the property of the Lessor pursuant to Sections 7 and 8 hereof. The policies evidencing such insurance shall provide that loss, if any, payable thereunder shall be payable to the Lessor and/or the Lessee and/or any mortgagee of the Leased Premises as their respective interests may appear, and all such policies together with evidence of payment of the premiums thereon shall be delivered to the Lessor and/or any such mortgagee. All such policies shall be taken in such responsible companies authorized to do business in New Hampshire as the Lessor shall approve and shall be in form satisfactory to the Lessor. Upon receipt of a copy of notice of cancellation of any insurance which is the responsibility of the Lessee hereunder, the Lessor may pay the premiums necessary to reinstate the same. The amount so paid shall constitute additional rent payable by the Lessee at the next rental payment date. The payment of premiums by the Lessor shall not be deemed a waiver or release by the Lessor of default by the Lessee in failing to pay the same or of any action the Lessor may take hereunder as a result of such default. The Lessee shall not violate, nor permit any person, firm, association or corporation to violate any of the terms, conditions and provisions of such policies. In the event of loss the Lessor shall promptly initiate action to effect a settlement with the insurer, the Lessee shall cooperate with the Lessor and any mortgagee in connection with the processing and collection of claims and shall execute and deliver to the Lessor such proofs of loss, releases and other instruments as may be necessary to ...
All Risk Insurance. During the Term Landlord shall maintain all risk or causes of loss - special form property insurance, including inflation endorsement, sprinkler leakage endorsement, at Landlord's option, earthquake and flood coverage, on the Building, excluding coverage of all Tenant's Personal Property located on or in the Premises, but including the Tenant Improvements. Such insurance shall also include insurance against loss of rents on an "All Risk" basis, including, at Landlord's option, earthquake and flood, in an amount equal to the Monthly Rent and Additional Rent, and any other sums payable under the Lease, for a period of twelve (12) months commencing on the date of loss. Such insurance shall name Landlord and its Agents as named insureds and include a lender's loss payable endorsement in favor of Landlord's lender (Form 438 BFU Endorsement). Tenant shall reimburse Landlord monthly, as Additional Rent, on the first day of each calendar month of the Term, one-twelfth (1/12th) of the annual premiums for such insurance, prorated for any partial month, or on such other periodic basis as Landlord shall elect. Landlord shall provide Tenant with appropriate documentation evidencing the premium costs for such insurance. If the insurance premiums are increased after the Commencement Date due to an increase in premium rates, an increase in the valuation of the Building or its replacement cost, Tenant shall pay such increase within ten (10) days of notice of such increase and receipt of appropriate documentation evidencing such increased insurance premiums.
All Risk Insurance. CARRIER agrees at all times during the life of this Agreement to purchase and maintain insurance with a responsible insurance company to cover the loss or destruction of Property handled or protected by CARRIER, its agents or employees, on behalf of CUSTOMER pursuant to this Agreement. CARRIER agrees to furnish CUSTOMER with written evidence of compliance with this provision. It is understood and agreed that CARRIER shall not be liable in any capacity for loss or harm to CUSTOMER'S Property or for damages directly and/or proximately flowing from loss or harm to CUSTOMER'S Property while said Property is in the possession of CARRIER, nor shall CARRIER'S insurance carrier be required to cover such damages when same are caused by any of the following:
All Risk Insurance. During the course of the construction of the Premises Improvements by Landlord described in Exhibit C, Landlord shall maintain full replacement cost "builder's risk" casualty insurance (excluding earthquake and flood) for the Premises Improvements, the cost of which shall be a Premises Construction Cost, as defined in Section 5B of Exhibit C. After the Commencement Date Tenant shall obtain and maintain an "all-risk" policy of casualty insurance (excluding earthquake and flood) on the Building and all other improvements constituting the Premises, which insurance may be carried under a blanket insurance policy. Such insurance shall be for the mutual benefit of Landlord and Tenant (and any insitututional mortgagee as defined in Article 19 hereof), as named insureds as their interests may appear. The amount of such insurance shall not be less than the full replacement cost of the Building and the other insured improvements. Certificates evidencing all such insurance shall be delivered to Landlord upon Landlord's written request. All insurance required by this Section (i) shall be primary insurance without a right of contribution from any other insurance, (ii) shall be in a form reasonably satisfactory to Landlord, (iii) shall be carried with companies reasonably acceptable to Landlord (iv) shall provide that such policy shall not be subject to cancellation or change except after at least thirty (30) days prior written notice to Landlord, and (v) shall not have a "deductible" in excess of that which is commercially reasonable and has been approved by Landlord. Tenant shall pay, at the time such premiums become due, the premiums for the "all risk" casualty insurance carried by it pursuant to this Section
All Risk Insurance. Tenant shall maintain, from the Effective Date of this Lease and during the entire term of this Lease and any extension thereof, a policy of “causes of loss – special form” all-risk property damage insurance upon the Improvements in an amount equal to the full replacement value of the Improvements above the foundation walls. The policy of insurance pursuant to this Section 6(b) shall insure and be payable to Tenant and shall provide for release of insurance proceeds to Tenant for restoration of loss. Such policy may also name Landlord, Landlord's mortgagee, or any Leasehold Mortgagee, upon its request, as an additional insured as its interest may appear, by standard mortgagee clause if obtainable. If any Leasehold Mortgagee is named as an additional insured, such policy or policies shall provide that the policy will not be canceled except after thirty (30) days written notice to the Leasehold Mortgagee.
All Risk Insurance. All-risk hull, ground and flight insurance on the Aircraft (with flight, taxiing and ingestion coverages) in an amount not less than the Stipulated Loss Value. Such hull insurance shall cover Engines or engines, Propellers or propellers and Parts temporarily removed from the Airframe pending installation of the same or similar Engines, engines, Propellers or propellers or Parts on the Airframe in an amount not less than their replacement cost.
All Risk Insurance. 13.1 In addition to the rent heretofore reserved, Lessee shall pay to Lessor, as additional rent during the term hereof and within ten (10) days following presentation of invoices thereof, the Lessee's PRO RATA share, which is hereby defined and agreed as being 19.626% of (a) the real property taxes upon the land and/or building comprising 20 Ixxxxxxxxx Xxxx Xxxxx, Xxxxxx, Xxx Xxxxxxxxx xxx (b) any assessment, betterment charge or other special levy against or upon such land and building.
All Risk Insurance. Section 7.3 is hereby amended by deleting clauses (b) and (c), and replacing them with the following:
