Common use of Required Insurance Policies Clause in Contracts

Required Insurance Policies. Throughout the Term, the Operator shall cause to be maintained in effect, the insurance policies in the name of the Operator with the types and amounts of coverage and deductible amounts identified in Appendix III hereto or other insurance reasonably required by the District of types and amounts of coverage and deductible amounts which are substantially consistent with those obtained for similar utility systems and with Prudent Utility Practices (the “Required Operating Period Insurance”) to the extent that such insurance remains available on commercially reasonable terms.

Appears in 5 contracts

Samples: Construction, Operating and Cooperative Endeavor Agreement, Construction, Operating and Cooperative Endeavor Agreement, Construction, Operating and Cooperative Endeavor Agreement

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