Common use of Insurances During the Operational Period (After Commercial Operations Date Clause in Contracts

Insurances During the Operational Period (After Commercial Operations Date. (i) All Risks Insurance: Coverage: Shall include all building contents, machinery, stock, fixtures, fittings and all other personal property forming party of the Facility against “All Risks” of physical loss or damage, including (but not limited to) those resulting from fire, lightning, explosion, spontaneous combustion, storm, wind, tempest, flood hurricane, water damage, riot, strikes, malicious damage, earthquake, tsunami, collapse and/or loss of contents of tanks. Sum insured: Full replacement value of the Facility. Insured: The Company, the O&M Contractor, the GOB, BPDB and the Lenders.

Appears in 6 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

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Insurances During the Operational Period (After Commercial Operations Date. (i) All Risks Insurance: Coverage: Shall include all building contents, machinery, stock, fixtures, fittings and all other personal property forming party of the Facility against “All Risks” of physical loss or damage, including (but not limited to) those resulting from fire, lightning, explosion, spontaneous combustion, storm, wind, tempest, flood hurricane, water damage, riot, strikes, malicious damage, earthquake, tsunami, collapse and/or loss of contents of tanks. Sum insured: Full replacement value of the Facility. Insured: The Company, the O&M Contractor, the GOB, BPDB Contractor and the Lenders.

Appears in 4 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

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