GREEN COVERAGE Sample Clauses
The GREEN COVERAGE clause establishes requirements or provisions related to environmentally sustainable practices or products within a contract. Typically, this clause may specify standards for energy efficiency, use of eco-friendly materials, or compliance with environmental regulations, applying to goods supplied, services performed, or construction projects. Its core function is to ensure that contractual obligations align with environmental goals, thereby promoting sustainability and reducing the environmental impact of the contracted activities.
GREEN COVERAGE. Under Insuring Agreement 1(a), if Insured Equipment requires repair or replacement due to a Breakdown or Electronic Circuitry Impairment, we will pay the additional cost:
(a) to repair or replace damaged insured property, whichever is the lesser of the cost at the time of a Breakdown or Electronic Circuitry Impairment, using equipment, materials and service firms required or recommended by a Recognized Environmental Standards Program;
(b) to dispose of damaged insured property or equipment, if practicable, through a recycling process; and
(c) to flush out reconstructed space with up to one hundred (100) percent outside air using new filtration media. With respect to any building that is Insured Property and was, at the time of the Breakdown or Electronic Circuitry Impairment, certified by a Recognized Environmental Standards Program, we will pay the additional costs:
(i) to prevent lapse of such certification;
(ii) to reinstate the certification or replace it with an equivalent certification;
(iii) for an engineer authorized by a Recognized Environmental Standards Program to oversee the repair or replacement of the damaged Insured Property; and
(iv) for a professional engineer to commission or recommission your damaged mechanical, electrical, or electronic building systems. As used in this coverage, additional costs mean those beyond what would have been payable in the absence of this Green Coverage. This coverage applies in addition to any coverage that may apply under the Environmental and Efficiency Improvements or any other applicable coverage and only to Insured Property that must be repaired or replaced as a direct result of a Breakdown or Electronic Circuitry Impairment. This provision does not apply to any property valued or insured on an Actual Cash Value basis. In no event shall we be liable for loss in excess of $25,000.
GREEN COVERAGE a. When direct physical loss or damage to Covered Property results from a Covered Cause of Loss at an Insured Premises, we will pay for the reasonable additional costs that you incur to:
(1) Repair or replace the Covered Property that sustained loss or damage using products or materials that are Green alternatives in accordance with:
(a) The minimum standards of a Green Authority if the Insured Premises where the loss or damage occurred was not Green certified by a Green Authority prior to the loss or damage; or
(b) The standards of a Green Authority consistent with the pre-loss Green certification level (or at your option, one certification level higher), if the Insured Premises where the loss or damage occurred was Green certified prior to the loss or damage, provided that the Green alternatives are of comparable quality and function to the lost or damaged Covered Property.
(2) Employ Green methods of construction, disposal or recycling and the ventilation or flushing out of air systems in accordance with:
(a) The minimum standards of a Green Authority if the Insured Premises where the loss or damage occurred was not Green certified by a Green Authority prior to the loss or damage; or
(b) The standards of a Green Authority consistent with the pre-loss Green certification level, if the Insured Premises where the loss or damage occurred was Green certified prior to the loss or damage.
(3) Hire a design professional accredited by a Green Authority to participate in the reconstruction, replacement or repair of the Covered Property;
(4) Hire an engineer accredited by a Green Authority to supervise the repair or replacement of the Covered Property to verify that replacement systems and mechanicals have been installed and configured to perform to building design or manufacturer’s specifications.
(5) Apply to a Green Authority for certification of your Insured Premises in connection with the repair or replacement of the lost or damaged Covered Property. This Coverage Extension does not require you to pursue, nor guarantee success of, certification by a Green Authority.
GREEN COVERAGE. With respect to Property Damage described under Insuring Agreement 1(a), if Insured Equipment requires repair or replacement due to a Breakdown or Electronic Circuitry Impairment, the Company will pay the additional cost:
(a) to repair or replace damaged Insured Property, whichever is the lesser of the cost at the time of a Breakdown or Electronic Circuitry Impairment, using equipment, materials and service firms required or recommended by a Recognized Environmental Standards Program;
(b) to dispose of damaged Insured Property or equipment, if practicable, through a recycling process; and
(c) to flush out reconstructed space with up to one hundred (100) percent outside air using new filtration media.
(i) to prevent lapse of such certification;
(ii) to reinstate the certification or replace it with an equivalent certification;
(iii) for an engineer authorized by a Recognized Environmental Standards Program to oversee the repair or replacement of the damaged Insured Property; and
(iv) for a professional engineer to commission or recommission the Insured’s damaged mechanical, electrical, or electronic building systems.