All Risk Property Insurance Sample Clauses

All Risk Property Insurance. (i) An All Risk Property insurance policy including earthquake and flood shall be maintained during the course of Work being performed and include start-up and testing for installed equipment and delayed opening coverage. Such policy shall include coverage for materials and equipment while under the care, custody and control of the Seller during the course of Work, at the Site, offsite or while in transit to the Site.
All Risk Property Insurance. The Facility Lessee shall maintain all risk property insurance covering against physical loss or damage to the Facility, including but not limited to fire and extended coverage, collapse, flood, earth movement and comprehensive boiler and machinery coverage (including electrical malfunction and mechanical breakdown). Such insurance shall not contain an exclusion for resultant damage caused by faulty workmanship, design or materials. Coverage shall be written in the greater of the then current Termination Value or the full replacement cost value in an amount acceptable to the Owner Lessor and shall contain an agreed amount endorsement waiving any coinsurance penalty and shall include expediting expense coverage in an amount not less than $1,000,000. Deductibles shall not exceed $2,000,000.
All Risk Property Insurance. The Company shall maintain all risk property insurance covering against physical loss or damage to the Projects, including fire and extended coverage. Such insurance coverage shall cover each and every component of the Project, per policy terms and conditions. Such insurance coverage shall be written on a full replacement cost basis, shall include an agreed amount endorsement waiving any coinsurance penalty, and shall include expediting expense coverage in an amount not less than $50,000. Such insurance coverage may be subject to deductibles not to exceed $250,000 for each and every occurrence.
All Risk Property Insurance. With no gap in cover during the transition from the construction all risk insurance to the all risk property insurance, the Owner shall procure and maintain all risk property insurance covering direct physical loss or damage to the Plant, including but not limited to fire and extended coverage, collapse, flood, earth movement and comprehensive boiler and machinery coverage (including electrical malfunction and mechanical breakdown). Such insurance coverage shall be written on a full replacement cost basis or limits equal to one hundred twenty five percent (125%) of the results of a Probable Maximum Loss study , waiving any coinsurance penalty, and shall include the following sublimits:
All Risk Property Insurance. All Risk Property Insurance on a replacement cost basis covering the Project during the course of construction (Builders Risk) and after completion. The insurance will provide coverage against all-risk of loss including loss or damage by fire, lightning, windstorm, hail, explosion, riot, civil commotion, aircraft, vehicles, smoke, earthquake, flood, collapse, sinkhole, subsidence and terrorism and other risks from time to time included under “all risk” or “extended coveragepolicies and shall include transit and storage coverage. Owner and its subcontractors shall be responsible for insuring their own property and equipment. The policy shall contain a waiver of subrogation in favor of Fortis, Inc. and Central Xxxxxx Gas and Electric. If at any time, Fortis, Inc. or Central Xxxxxx Gas and Electric has an insurable interest in the property, the insurance policy willname the companies as Loss Payee(s).
All Risk Property Insurance. At the expiration date of the BuildersRisk Insurance, Seller shall purchase and maintain All-Risk Property Insurance in an amount not less than the replacement cost of the Generating Facility to protect against loss of, damage to, or destruction of the Generating Facility, and including expediting expense coverage. Such Property Insurance shall also provide for Boiler and Machinery Coverage (or, at Seller’s option, the required Boiler and Machinery Coverage may be written as a stand-alone coverage with a joint loss adjustment agreement with the Property Insurance policy/insurer). Such Insurance shall contain a waiver of subrogation in favor of Anaheim.
All Risk Property Insurance. Replacement cost coverage on all buildings, equipment and other property used in the performance of the Services, and Armored Carrier hereby waives any right of subrogation against Client and Xxxxx Fargo (including, their respective officers, directors and employees) for any loss or damage to same. Armored Carrier shall have the option to self-insure for such coverage, but if Armored Carrier elects to self-insure, Armored Carrier shall protect Client and Xxxxx Fargo (including their respective officers, directors and employees) to the same extent as it would if it had obtained an “all risk” property coverage policy covering such property.
All Risk Property Insurance. Mortgagor shall, at its own expense, keep the Vessel insured, in lawful money of the United States, against all such risks (including without limitation, hull and machinery/increased value, protection and indemnity risk, pollution liability, war risks and, when laid up, port risk insurance as well as such excess policies over and above protection and indemnity and general liability coverage which shall represent collective limits of not less than $400,000,000), in such form and with such insurance companies or underwriters as required under Section 2.13(f) as shall be at least as protective as insurance maintained by prudent owners of vessels and equipment similar to the Vessel, engaged in international contract offshore oil and gas operations, and in any event all as reasonably acceptable to Mortgagee and in compliance with the Shell Contract. Without limiting the generality of the foregoing, with respect to hull and machinery/increased value insurance, including war risk, the Mortgagor shall insure the Vessel for an amount which is at least equal to the Obligations plus $250,000. Such insurance shall cover marine and war risk perils, on hull and machinery, with per occurrence deductibles not in excess of $250,000 and shall be maintained in the broadest forms available in the American and British insurance markets. The Mortgagor shall maintain protection and indemnity (or its equivalent) insurance, including war risk protection and indemnity (or its equivalent) coverage in an amount not less than $400,000,000. The Mortgagor shall maintain coverage against pollution liability in an amount not less than $400,000,000 (or such greater amount as may be required from time to time under Oil Pollution Act of 1990 or other environmental laws). All of the foregoing insurance shall have a per occurrence deductible not to exceed $250,000 and be placed through such underwriters or associations reasonably acceptable to the Mortgagee. The Vessel shall not operate in or proceed into any area then excluded by trading warranties under its marine or war risk policies (including protection indemnity or its equivalent) without satisfying the conditions of the relevant policies, evidence of which shall be furnished to the Mortgagee.