Common use of Machinery Breakdown Clause in Contracts

Machinery Breakdown. Coverage: Shall insure against all machinery, plant, boilers and ancillary equipment forming part of the Facility against sudden and unforeseen physical loss or damage resulting from mechanical and electrical breakdown or derangement, explosion or collapse of boilers and pressure vessels, electrical short circuits, vibration misalignment, excessive current or voltage, abnormal stresses, centrifugal forces, failure of protective or regulating devices, overheating, entry of foreign bodies, impact, collision another similar causes. Sum insured: Full replacement value of all machinery, plant, boilers, etc.

Machinery Breakdown. Coverage: Shall insure against all machinery, plant, boilers and ancillary equipment forming part of the Facility against sudden and unforeseen physical loss or damage resulting from mechanical and electrical breakdown or derangement, explosion or collapse of boilers and pressure vessels, electrical short circuits, vibration misalignment, excessive current or voltage, abnormal stresses, centrifugal forces, failure of protective or regulating devices, overheating, entry of foreign bodies, impact, collision another similar causes. Sum insured: Full replacement value of all machinery, plant, boilers, etc. Insured: The Company, the Lenders and the O&M Contractor.

Machinery Breakdown. Coverage: Shall Coverage shall insure against all machinery, plant, boilers and ancillary equipment forming part of the Facility against sudden and unforeseen physical loss or damage resulting from mechanical and electrical breakdown or derangement, explosion or collapse of boilers and pressure vessels, electrical short circuits, vibration vibration, misalignment, excessive current or voltage, abnormal stresses, centrifugal forces, failure of protective or regulating devices, overheating, entry of foreign bodies, impact, collision another and other similar causes. Sum insured: Full Coverage shall be in an amount equal to the full replacement value of all machinery, plant, boilers, etcplant boilers and ancillary equipment forming part of the Facility.