Property / Machinery Breakdown Sample Clauses

Property / Machinery Breakdown. Property “all risk” insurance on a form acceptable to the Administrative Agent, providing coverage for the Project, on a replacement cost basis (with no deduction for depreciation or coinsurance clause and including the value of the Capital Improvements) and for, but not limited to, the perils of fire, lightning, explosion, windstorm, flood and earthquake (including sinkhole and subsidence), terrorism, strike, riot, civil commotion, vandalism and malicious mischief insuring the buildings, structures, machinery, equipment, facilities, fixtures and other properties constituting a part of the Project (including all construction, installation and testing activities associated with the Capital Improvements) and property of others, such as feedstock and finish product storage facilities, and rail cars for which the Borrower has responsibility to insure. Sub limits are permitted, but for not less than standard industry practice, for inland or ocean (which may be provided under a separate all-risk ocean or marine cargo policy) transit (for full replacement cost of any single shipment), removal of debris/cost of cleanup, offsite storage (for full replacement cost of equipment or product/feedstock in storage), expediting and extra expense, flood (for not less than $25,000,000) and earthquake (for not less than $25,000,000) and such other coverages customarily sub-limited in reasonable amounts consistent with current industry practice with respect to similar risks and acceptable to the Administrative Agent including but not limited to debris removal, ordinance or law coverage (including demolition of undamaged portion) and on-site cleanup of pollutants and contaminants. The Property “all risk” policy shall include, unless provided under a separate policy, machinery breakdown (boiler and machinery) coverage on a “comprehensive” basis with limits of not less than the full replacement cost on all the insured objects. Coverage shall also include resulting damage arising out of design error or faulty workmanship. In the event “all risk” property coverage and the machinery breakdown coverage are not written in the same policy, each policy shall contain a joint loss agreement. It is hereby agreed and understood that equipment breakdown shall not be required until the earlier of inspection of the Project by the appropriate insurance carriers or fifteen (15) days of the Closing Date. Upon procurement of equipment breakdown coverage it shall be continuously maintained until th...
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Related to Property / Machinery Breakdown

  • Boiler and Machinery Insurance The Owner shall have the option of purchasing and maintaining boiler and machinery insurance required by the Contract Documents or by law, which shall specifically cover such insured objects during installation and until final acceptance by the Owner. If purchased this insurance shall include interests of the Owner, Contractor, Subcontractors and Sub-subcontrators in the Work.

  • Property Locations (a) Provide to Administrative Agent at least ten (10) days’ prior written notice before adding any new offices or business or Collateral locations, including warehouses (unless such new offices or business or Collateral locations qualify as Excluded Locations).

  • Contractor’s Equipment Payment for required equipment owned by the Construction Manager or an affiliate of the Construction Manager will be based solely on an hourly rate derived by dividing the current appropriate monthly rate by 176 hours. No payment will be made under any circumstances for repair costs, freight and transportation charges, fuel, lubricants, insurance, any other costs and expenses, or overhead and profit. Payment for such equipment made idle by delays attributable to the Government will be based on one-half the derived hourly rate under this subsection.

  • Electrical Equipment Residents must use only CSA, UL-approved or Canadian-certified electrical equipment; the rated wattage of light fixtures must never be exceeded; and only replacement bulbs supplied by Waterloo maintenance staff may be used. Do not leave any unattended electrical equipment turned on (i.e. hair straighteners, lights etc.)

  • Location of Improvements; No Encroachments All improvements which were considered in determining the Appraised Value of the Mortgaged Property lay wholly within the boundaries and building restriction lines of the Mortgaged Property, and no improvements on adjoining properties encroach upon the Mortgaged Property. No improvement located on or being part of the Mortgaged Property is in violation of any applicable zoning law or regulation;

  • Machinery Business machines and mechanical equipment belonging to Tenant which cause noise and/or vibration that may be transmitted to the structure of the Building or to any other leased space to such a degree as to be objectionable to Landlord or to any tenants in the Complex shall be placed and maintained by the party possessing the machines or equipment, at such party’s expense, in settings of cork, rubber or spring type noise and/or vibration eliminators, and Tenant shall take such other measures as needed to eliminate vibration and/or noise. If the noise or vibrations cannot be eliminated, Tenant must remove such equipment within ten (10) days following written notice from Landlord.

  • Outage Repair Standard In the event of an outage or trouble in any Service being provided by a Party hereunder, the Providing Party will follow Verizon’s standard procedures for isolating and clearing the outage or trouble.

  • Equipment Location This Contract is for service of the Equipment at the location in the attached EQUIPMENT SCHEDULE hereof. If any unit of Equipment is moved (which movement will in all instances be at Customer's risk and expense), Customer will so notify Contractor. Contractor may terminate this Contract if, in its discretion, the environmental conditions in which any unit of Equipment is placed are not suitable for satisfactory performance, or if the new location is out of Contractor's ordinary operating area.

  • Office Space, Equipment and Facilities Provide such office space, office equipment and office facilities as are adequate to fulfill the Adviser’s obligations hereunder.

  • Project Cost a. The estimated cost of the Project is $ 97,740.00. This amount is based upon the Schedule of Financial Assistance in Exhibit "B", attached to and incorporated in this Agreement. Exhibit “B” may be modified by mutual execution of an amendment as provided for in paragraph 5.i.

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