Course of Construction Insurance. Course of construction insurance coverage for all risk of loss shall be maintained at one hundred percent of the completed value basis on the insurable portion of the work including materials at the project site, stored off the project site, or in transit. Tenant shall include the interests of the Landlord and subcontractors in the work and shall insure against the perils of physical loss or damage. Nothing in this Article, however, shall be construed to relieve the Tenant of full responsibility for loss of or damage to materials not yet incorporated in the work or the Tenant’s tools and equipment used to perform the work, whether on the project site or elsewhere, or to relieve the Tenant of any other responsibility under the Lease. If the Landlord is damaged by the failure of the Tenant to purchase or maintain such insurance, the Tenant shall bear all losses attributable thereto and indemnify the Landlord therefrom.
Course of Construction Insurance. During the course of construction of the Initial Tenant Improvements and any subsequent Alterations, Operator and Operator’s Contractor shall be required to provide property insurance on the improvements as they are being constructed. Coverage may be on a property insurance policy or a separate builders risk policy that covers the interests of the Contractor and the Operator. Coverage shall be “all risk” property insurance in an amount equal to the value of the improvements under construction. The policy shall include delay of opening coverage in the event a covered loss results in loss of rent and/or revenues to the Port due to a delay in completion of the improvements. The policy shall include coverage for debris removal following loss, loss to temporary structures, loss due to or resulting from water damage or interior water intrusion. The Port shall be named as an insured on the policy to the extent of the Port’s insurable interest in the improvements. Operator and Contractor shall waive subrogation rights against the Port and Xxxxxx during the construction of the improvements. Coverage shall be kept in force until the improvements are completed. Once the Project is completed, the Operator shall provide property insurance coverage on the improvements as outlined in Section 17.2.3. Prior to commencement of work on the improvements, evidence of property insurance shall be submitted to the Port and Xxxxxx.
Course of Construction Insurance. Course of construction insurance in the same amount as required in paragraph A above for property insurance, covering all construction activities on the Property.
Course of Construction Insurance. Developer shall obtain at its sole cost and keep in full force and effect during the term of the Agreement Course of Construction Insurance with policy limits no less than the value of the project with no coinsurance penalty provisions. The Cityy shall be named as loss payee and the insurer shall waive all rights of subrogation against the City.
Course of Construction Insurance. The requirement under the Development Addendum to carry course of construction or other insurance is in addition to the requirements of this Article 4. Upon Substantial Completion, all improvements on the Premises shall be insured under Section 4.2.
Course of Construction Insurance. Builder's Risk or Course of Construction Insurance insuring on a "all risks" basis, with a limit equal to the completed value of the project and all materials and equipment to be incorporated therein, including property in transit or elsewhere and insuring the interests of the Owner, Contractor and its subcontractors of any tier providing equipment, materials, or services for the project. The Airport shall be named as loss payee; and the insurers shall waive all rights of recovery against Airport.
Course of Construction Insurance. During the course of construction of the Initial Tenant Improvements, Tenant’s contractor shall procure and maintain builder’s all risk insurance in an amount equal to the projected total cost of the construction of the Initial Tenant Improvements. Landlord and Tenant shall be named as loss payees on such builder’s all risk insurance and any proceeds of such insurance shall be paid to Landlord and Tenant as their interests may appear.
Course of Construction Insurance. Course of construction insurance coverage for all risk of loss shall be maintained by MiniMed at one hundred percent of the completed value basis on the insurable portion of the work including materials at the project site, stored off the project site, or in transit. MiniMed shall include the interests of the Landlord, Tenant and subcontractors in the work and shall insure against the perils of physical loss or damage. Nothing in this Article, however, shall be
Course of Construction Insurance. Contractor shall provide course of construction insurance covering for “all risks” of loss in the amount of the completed value of the Work. The City shall be named as a loss payee and the insurer shall waive all rights of subrogation against the City. This policy shall be issued by an insurance company which is admitted to do business in the State of California and shall contain a clause that the policy may not be canceled until thirty (30) days written notice, return receipt requested, is mailed to the City. Course of Construction Insurance may be provided for each separate Phase.
Course of Construction Insurance. During the construction of any Improvements, the total cost of which exceeds or is expected to exceed Five Hundred Thousand Dollar ($500,000), Tenant, at its sole cost and expense, without any expense being imposed on Landlord, shall maintain in full force and effect, in the names of Landlord and Tenant as their interests may appear, course-of-construction casualty insurance coverage in such amount and with such coverages as are commercially reasonable under the circumstances. Prior to commencement of any construction, addition, alteration, repair, demolition, destruction or removal of any Improvements the cost of which is anticipated to exceed Five Hundred Thousand Dollars ($500,000), Tenant shall notify Landlord not less than ten days in advance, in writing, of the starting date of such intended work. At the time of the notice, if the cost of the work is anticipated to exceed Five Hundred Thousand Dollars ($500,000), Tenant shall, at Tenant's sole cost and expense, obtain a policy of owner's and contractor's protective liability insurance, with a combined single limit coverage of not less than Five Million Dollars ($5,000,000), insuring Landlord and Tenant against any and all claims for injuries to or death of any person or persons or damage to property occurring in, on or about the Leased Property as a result of actions related to the construction, alteration, addition, repair, demolition, destruction or removal of any Improvements. Every such policy shall include normal comprehensive form liability coverage contained in such policies and shall include, but shall not necessarily be limited to, bodily injury and broad form property damage, blanket contractual liability coverage, premises-operations coverage, explosion and collapse hazard coverage, underground hazard coverage, products/completed operations hazard coverage, independent contractors coverage and comprehensive form automobile liability coverage.
