PC Coverage Sample Clauses

PC Coverage. Operator shall obtain and maintain, or cause to be obtained and maintained, continuously in effect at all times during the Term of this Concession Agreement, at its sole cost and expense, property insurance coverage (the “PC Coverage”) with respect to the Capital Improvements for 100% of the insurable replacement value thereof, with no co-insurance penalty, that provides (i) special form property insurance at least as broad as that provided by Form CP-10-30 (ISO Properties, Inc.), together with builder’s risk (with respect to the construction or alteration of or addition to the Concession Locations during the Pre-Occupancy Period or the Term) with any deductible in excess of Ten Thousand and No/100 Dollars ($10,000.00) to be subject to the prior approval of Authority, and (ii) ordinance and law coverage. Each insurance policy providing the PC Coverage shall name Authority as a co-loss payee and shall provide that such insurance policy shall be considered primary insurance as to any other valid and collectible insurance or self-insured retention Authority may possess or retain. Any insurance coverages maintained by Authority shall be considered excess insurance only. Each insurance company issuing an insurance policy providing the PC Coverage shall be (A) admitted to do business in the State of Michigan and rated not less than the Minimum Rating or (B) otherwise approved by the Chief Financial Officer of Authority. Such approval may be denied or withheld based upon an insurance company’s rating by the Rating Service or other indications of financial inadequacy, as determined in the sole discretion of the Chief Financial Officer of Authority.
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Related to PC Coverage

  • Basic Coverage Contractor shall provide and maintain at the JBE’s discretion and Contractor’s expense the following insurance during the Term:

  • Basic Coverages Subd. 1. Faculty

  • Continuing Coverage If a letter of assurance is obtained from any insurer under a Hazard Insurance policy or a Flood Insurance policy that the insurance coverage shall continue in full force and effect, the Servicer shall deposit such letter in the appropriate Servicer Mortgage Loan File.

  • Coverage If any of the aforementioned liability insurance is arranged on a "claims made" basis, "tail" coverage will be required at the completion of this contract for a duration of 24 months or the maximum time period the PURCHASER's insurer will provide such if less than 24 months. PURCHASER will be responsible for furnishing certification of "tail" coverage as described or continuous "claims made" liability coverage for 24 months following contract completion. Continuous "claims made" coverage will be acceptable in lieu of "tail" coverage, provided its retroactive date is on or before the effective date of this contract.

  • Life Coverage Paragraph 1: The Board shall provide a group term life coverage in the sum of