Common use of Maintenance and Insurance Clause in Contracts

Maintenance and Insurance. Subject to the other provisions of this Agreement, the Company shall not be required to maintain, repair or replace any portion of the Project, but may from time to time do any and all of the foregoing as it, in its sole discretion, shall deem appropriate. The Company shall provide (including through self-insurance) for such insurance coverage including assumption of the risk of damage or destruction as is customarily carried by Persons engaged in the same business as and having the financial capability of the Company with respect to operating facilities like the facilities that comprise the Project.

Appears in 5 contracts

Samples: Loan Agreement (Cleco Power LLC), Loan Agreement (Cleco Corp), Loan Agreement (Cleco Power LLC)

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