Property Exposures. 19 J.1.2.1 Unless otherwise directed by the Administrative Committee for the 20 ANPP Switchyard at all times the Operator shall have and maintain 21 in force and effect or cause to have and maintain in force and 22 effect property insurance. Except as otherwise authorized herein 23 or directed by the Administrative Committee for the ANPP 1 Switchyard, such insurance shall be maintained for the insurable 2 replacement cost, as the Administrative Committee for the ANPP 3 Switchyard shall direct or in the absence of any such direction as 4 the Operator may in its sole discretion determine, of all insurable 5 property of the Hassayampa Switchyard as determined from time 6 to time by independent qualified appraisers selected by the
Property Exposures. 22.2.2.1 Unless otherwise directed by the Administrative Committee, at all times when it is required under Section 23.15 hereof, the Operating Agent shall have and maintain in force and effect or cause to have and maintain in force and effect nuclear property insurance providing coverage against radio-active contamination and all other risks of loss except those risks excluded in the standard form of policy of the American Nuclear Insurers which are not insurable by any available endorsement thereto. Except as otherwise authorized herein or directed by the Administrative Committee, such insurance shall be maintained in an amount not less than 90% of either the actual cash value or replacement cost, as the Administrative Committee shall direct or in the absence of any such direction as the Operating Agent may in its sole discretion determine, of all insurable property of the High Voltage Switchyard as determined from time to time by independent qualified appraisers selected by the Operating Agent.
Property Exposures. 22.1.2.1 The standard form of All Risk Builders Risk Insurance, including the transportation hazard. Such insurance shall afford coverage from the time that Construction Work is commenced or material and equipment are at risk to the Participants, until such date as the coverages of such risk are provided by the Project Insurance required to be obtained pursuant to Section 22.2 hereof.
Property Exposures. 22.2.2.1 Property insurance providing coverage against fire, extended coverage, vandalism and malicious mischief, electrical apparatus assumption as provided by the standard Insurance Services Office property forms. Such insurance shall not be required on the transmission lines as defined in Section 4.40 (i) and (ii). Except as otherwise authorized herein or directed by the Administrative Committee, such insurance shall be maintained in an amount not less than 90% of either the actual cash value or replacement cost, as the Administrative Committee shall direct or in the absence of any such direction as the Project Manager or the Operating Agent may in its sole discretion determine, of the insurable property of the Transmission System or the Microwave System as determined from time to time by independent qualified appraisers selected by the Project Manager prior to completion of Construction Work, or the Operating Agent thereafter.
