All-Risk Property Insurance definition

All-Risk Property Insurance. All-risk property insurance against physical damage to the Property with a maximum self-insured retention or deductible allowable of (i) $250,000 per occurrence prior to the Completion Date and (ii) $5 million per occurrence on and after the Completion Date (or as otherwise reasonably agreed to by the Majority Holders), in each case, caused by perils now or hereafter embraced by or defined in a manuscript "all risks" insurance policy, including at least such perils as customarily insured for similar Property. Prior to the Completion Date, such all-risk property insurance shall not contain any exclusions to coverage other than the exclusions (or exclusions that are substantially the same as those) set forth on Schedule 6.05 (a) (i), unless otherwise reasonably agreed to by the Majority Holders;
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Examples of All-Risk Property Insurance in a sentence

  • If maintenance or warranty work is being performed, All-Risk Property Insurance in an amount adequate to replace property, including supplies covered by this Order, of Buyer and/or Buyer's customer which may be in the possession or control of Seller.

  • All-Risk Property Insurance, including transit coverage, in an amount equal to full replacement value covering Client’s property while it is at the Facility or in transit to or from the Facility.

  • At the expiration date of the Builders’ Risk Insurance, Seller shall purchase and maintain All-Risk Property Insurance in an amount not less than the replacement cost of the Generating Facility to protect against loss of, damage to, or destruction of the Generating Facility, and including expediting expense coverage.

  • All-Risk Property Insurance, including transit coverage, in an amount equal to full replacement value covering Client’s property while it is at the 3PL Facility or in transit to or from the 3PL Facility.

  • All-Risk Property Insurance covering at least 80% of the replacement value of all fixtures, furniture, equipment, improvements or betterments installed or made by Tenant in or about the Demised Premises.

  • Owner shall have the right to back-charge Operator for the expenses related to the procurement of the All-Risk Property Insurance, Marine Cargo/Ocean Cargo Insurance, and the Casualty coverages noted in Schedule 7.1.1.A., but not for the premium costs related to such insurance(s).

  • Throughout the term of this Agreement, City shall carry, or shall cause to be carried, All-Risk Property Insurance covering the Facility and any City-owned equipment permanently affixed thereto (in the amount of the full replacement cost thereof), and covering City’s personal property, subject to the same coverage terms and conditions as City procures for the rest of its insured property.

  • At the expiration date of the Builders’ Risk Insurance, with no lapse in coverage, Seller shall procure and maintain, or cause to be purchased and maintained, All-Risk Property Insurance in an amount not less than the replacement cost of the Generating Facility to protect against loss of, damage to, or destruction of the Generating Facility, and including expediting expense coverage.

  • All-Risk Property Insurance (including coverage for loss or damage by water, flood, collapse, subsidence and earthquake) with a limit equal to the replacement cost of the MCWD Owned Facilities during the Term.

  • Lessee shall obtain and maintain at all times during the term of this Lease, from a financially solvent insurance carrier(s) authorized to conduct business in the State of California, the following types and minimum amounts of insurance: All-Risk Property Insurance, with coverage to be at Full Replacement Value for Aircraft, furnishings, equipment, spare parts and all other contents for the Hangar.