Owner Insurance. Each of the Owners shall be responsible for obtaining and maintaining during the Term insurance covering their respective legal liabilities related to their Ownership Interest in the Transmission Facilities. Insurance required by this Section 5.07(a) will be placed with appropriate carriers and in amounts in accordance with Good Utility Practice and any applicable Governmental Requirements.
Appears in 3 contracts
Samples: Populus Joint Ownership and Operating Agreement (Idacorp Inc), Hemingway Joint Ownership and Operating Agreement (Idacorp Inc), Joint Purchase and Sale Agreement (Idacorp Inc)
Owner Insurance. Each of the Owners Owner shall be responsible for obtaining and maintaining during the Term insurance covering their its respective legal liabilities related to their its Ownership Interest Interests in the Transmission FacilitiesFacilities and Common Equipment. Insurance required by this Section 5.07(a4.6(a) will be placed with appropriate carriers and in amounts in accordance with Good Utility Practice and any applicable Governmental Requirements.
Appears in 2 contracts
Samples: Joint Ownership and Operating Agreement, Joint Ownership and Operating Agreement (Idaho Power Co)
