Common use of EXTRA EXPENSE Clause in Contracts

EXTRA EXPENSE. The Corporation shall maintain extra expense insurance covering additional expenses for continuing operations or to resume normal business incurred by the Corporation which result directly from damage to or destruction of any real or personal property constituting part of the Facilities from the risks covered by the insurance required above under subsection 1, Property Insurance, with limits equal to at least Maximum Aggregate Annual Debt Service.

Appears in 2 contracts

Sources: Regulatory Agreement, Regulatory Agreement

EXTRA EXPENSE. The Corporation shall maintain extra expense insurance covering additional expenses for continuing operations or to resume normal business incurred by the Corporation which result directly dire ctly from damage to or destruction of any real or personal property constituting part of the Facilities from the risks covered by the insurance required above under subsection 1, Property Pr operty Insurance, with limits equal to at least Maximum Aggregate Annual Debt Service.

Appears in 1 contract

Sources: Regulatory Agreement