LNG Terminal Sample Clauses

LNG Terminal. Buyer will cause Southern LNG to obtain and maintain property insurance on the LNG Terminal, which insurance shall provide for a coverage amount of at least three hundred seventy-five million Dollars ($375,000,000). The costs associated with such insurance will be a cost of service for Southern LNG. This property insurance shall contain waivers by the insurers thereof of all rights of subrogation against Seller, its Affiliates and their respective officers, directors, employees, agents, successors, assigns and contractors/subcontractors (including their employees). Any proceeds of such insurance shall be utilized to restore the LNG Terminal as promptly as is reasonably possible after any casualty, unless Seller otherwise agrees. Buyer will cause Southern LNG to procure business interruption insurance to cover the Terminalling Costs during service interruptions occasioned by Force Majeure events claimed by Southern LNG that relate to physical injury to or loss of property at the LNG Terminal or Buyer's Related Facilities, with (i) the premiums for and retained losses associated with such insurance being included in the cost of service of Southern LNG and passed through to Seller as part of the Terminalling Costs, and (ii) the proceeds of such insurance being passed through to Seller, pursuant to Section 16.3(a)(i), as a reduction in the Terminalling Costs, to the extent such proceeds are allocated to the payment of costs incurred by Southern LNG that have previously been paid by Seller as Terminalling Costs. Southern LNG shall obtain and maintain all policies of insurance as required by Exhibit 22.1.
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Related to LNG Terminal

  • Following Termination 10.2.1 the Parties will agree the procedure for administering the Insurance Business current at the time of termination;

  • Contract Termination debarment. A breach of the contract clauses in 29 CFR 5.5 may be grounds for termination of the contract, and for debarment as a contractor and a subcontractor as provided in 29 CFR 5.12.

  • Qualifying Termination If the Executive is subject to a Qualifying Termination, then, subject to Sections 4, 9, and 10 below, Executive will be entitled to the following benefits:

  • Servicing Termination Section 6.01.

  • Consulting Term Subject to the terms and conditions hereof, the Company agrees to retain the Consulting Director for a term of three (3) years commencing as of the date Consulting Director's retirement from the Board of Directors of the Company ("Effective Date"). The Company may not terminate the Consulting Director's service agreement prior to the end of the three-year term unless such termination is due to a Termination for Cause as defined herein.

  • Obligations Following Termination If a Non-Defaulting Party terminates this Agreement pursuant to this Section 13(b), then following such termination, Seller shall, at the sole cost and expense of the Defaulting Party, remove the equipment (except for mounting pads and support structures) constituting the System. The Non-Defaulting Party shall take all commercially reasonable efforts to mitigate its damages as the result of a Default Event.

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  • SICK LEAVE AND LONG-TERM DISABILITY (Articles 12.01 to 12.11 apply to full-time nurses only)

  • PARTIES TO COOPERATE RESPECTING TERMINATION The Parties hereto agree to cooperate and give reasonable assistance to one another in taking all necessary and appropriate steps for the purpose of ensuring that an Account owns no Shares of a Fund after the Final Termination Date with respect thereto, or, in the case of a termination pursuant to Section 6.1(a), the termination date specified in the notice of termination. Such steps may include combining the affected Account with another Account, substituting other mutual fund shares for those of the affected Fund, or otherwise terminating participation by the Contracts in such Fund.

  • Company Termination The Company may at any time in its sole discretion terminate (a “Company Termination”) this Agreement and its right to initiate future Tranches by providing 30 days advanced written notice (“Termination Notice”) to Investor.

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