Nuclear Insurance. Indemnity. For applications in nuclear projects, Purchaser and/or its end user customer shall have complete insurance protection against liability and property damage resulting from a nuclear incident to and shall indemnify Extrel, its subcontractors and suppliers against all claims or other liabilities (including attorneys’ fees) resulting from any nuclear incident.
Nuclear Insurance. (i) The Buyer shall obtain and maintain policies of liability and property insurance with respect to the ownership, operation, and maintenance of the Facility which shall afford protection against the insurable hazards and risks with respect to which units of similar size and type customarily maintain insurance, and which meets the requirements of 10 C.F.R. 50.54(w) and 10 C.F.R. Part 140. Such coverage shall include nuclear liability insurance, in such form and in such amount as will meet the financial protection requirements of the Atomic Energy Act, and an agreement of indemnification as contemplated by Section 170 of the Atomic Energy Act. In the event that the nuclear liability protection system contemplated by Section 170 of the Atomic Energy Act is repealed or changed, the Buyer shall obtain and maintain, to the extent commercially available on reasonable terms, alternate protection against Nuclear Liability. In addition, the Buyer shall be able to provide the financial assurance consistent with the requirements of 10 CFR Section 140.21 that it will be able to pay the retrospective premiums for the Facility as prescribed by Section 170 of the Atomic Energy Act.
Nuclear Insurance. 33 ----------------- 5.13. Nonwaiver of Third Party Environmental Liabilities .........
Nuclear Insurance. The Parties' respective rights and ----------------- obligations with respect to nuclear insurance matters shall be as set forth in Schedule 5.12.
Nuclear Insurance. The Company shall cause each of its Licensed Subsidiaries and each Investee Companies that is an NRC licensee to obtain and maintain insurance coverage, for itself and its contractors, for public liability arising in connection with a nuclear incident (as those terms are defined in the Atomic Energy Act of 1954, as amended (the “Atomic Energy Act”)) at, or arising out of, the operation of such nuclear power units. This insurance shall be in such form and in such amount as required by the NRC pursuant to Section 170 of the Atomic Energy Act. The Company shall cause each of its Licensed Subsidiaries and each Investee Companies that is an NRC licensee to execute the governmental indemnity agreement required by Section 170 of the Atomic Energy Act. In the event the nuclear liability protection requirements in effect on the date of this Agreement expire or are amended or repealed, the Company shall cause each of its Licensed Subsidiaries and each Investee Company that is an NRC licensee and each such company operating any nuclear project to maintain (i) the insurance coverage provided by law and (ii) at least the same level insurance coverage and public liability protection as is currently provided through governmental indemnity and liability insurance to the extent available.
Nuclear Insurance. (A) The Lessee shall maintain nuclear property insurance in amounts and with other such terms, including deductibles, as are consistent with the normal practice of the Lessee in respect of those other owned, leased or operated nuclear electric generating units for which the Lessee determines or controls the determination of the amount and other terms of such insurance as required by Applicable Law and consistent with Prudent Utility Practice. Subject to Section 10(a)(vi) hereof, the Lessee shall use its best efforts to cause any insurance carried in accordance with this Section 10(a)(ii)(A) to be endorsed to provide, or to otherwise provide, as set forth in subparagraphs (1), (2), (3), (4) and (5) of Section 10(a)(i)(A).
Nuclear Insurance. (a) Owners will maintain insurance to cover the legal obligation to pay damages because of bodily injury or property damage caused by a Nuclear Incident, as that term is defined under the AEA, such policy to be provided by American Nuclear Insurers or the equivalent. The insurance will be in such form and in such amount to meet the financial protection requirements of NRC regulations and the AEA. As provided by the AEA, Service Provider and its subcontractors shall be included among the insureds or persons protected under the financial protection arrangements in the AEA. CONFIDENTIAL & PROPRIETARY CONFIDENTIAL TRADE SECRET INFORMATION (b) Owners will maintain a governmental indemnity agreement pursuant to NRC regulations and the AEA.
Nuclear Insurance. GPC shall obtain and maintain in effect during the term of this Agreement the following insurance coverage: Nuclear liability, nuclear decontamination and property damage insurance, and government indemnification of nuclear liability arising from the operation and maintenance of Each Plant in amounts mutually agreed upon equal to or exceeding any amount or amounts required by law. Southern Nuclear shall be a named insured on such insurance and indemnification unless such insurance or indemnification provides coverage to all persons held legally liable. 8.2
Nuclear Insurance. (i) The Buyer shall obtain and maintain policies ----------------- of liability and property insurance with respect to the ownership, operation, and maintenance of the Facility which shall afford protection against the insurable hazards and risks with respect to which units of similar size and type customarily maintain insurance, and which meets the requirements of 10 C.F.R. 50.54(w) and 10 C.F.R. Part 140. Such coverage shall include nuclear liability insurance, in such form and in such amount as will meet the financial protection requirements of the Atomic Energy Act, and an agreement of indemnification as contemplated by Section 170 of the Atomic Energy Act. In the event that the nuclear liability protection system contemplated by Section 170 of the Atomic Energy Act is repealed or changed, the Buyer shall obtain and maintain, to the extent commercially available on reasonable terms, alternate protection against Nuclear Liability. In addition, the Buyer shall be able to provide the financial assurance consistent with the requirements of 10 CFR Section 140.21 that it will be able to pay the retrospective premiums for the Facility as prescribed by Section 170 of the Atomic Energy Act.
Nuclear Insurance. In addition to any insurance that may be required under Section 10.1, Tenant shall procure and maintain in effect nuclear liability insurance from ANI in such form and in such amount as will meet the financial protection requirements of the Atomic Energy Act as provided in the NRC Licenses, and an agreement of indemnification as contemplated by Section 170 of the Atomic Energy Act. Tenant shall maintain Nuclear Liability Facility Form at such limit as required by the NRC Licenses and Nuclear Liability Shippers & Transporters coverage at a limit of $300 million during the Lease Term and thereafter until the Put Option Closing. Tenant shall maintain XXXX property policy, or similar policy, with limits of at least $100 million to comply with the NRC Licenses. Landlord shall be included as additional insured and loss payee on such insurance. In the event that Tenant can not acquire such insurance from XXXX, Landlord will purchase the coverage at Tenant’s expense. In the event that the nuclear liability protection system contemplated by Section 170 of the Atomic Energy Act is repealed or changed, Tenant shall have and maintain in effect, to the extent commercially available on reasonable terms, alternate protection against nuclear liability.
