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: Coverage to repair or replace property, including Goods covered by this Contract, of Buyer and/or Buyer’s customer which may be in the possession or control of Seller.

  • 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.

  • 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 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 or Contractor’s Equipment Insurance covering the Contractor’s property, tools and equipment used and necessary in the performance of services under this contract.

  • Owner: Will secure the All-Risk Property Insurance “Builder’s Risk” (deductible amount $1,000.) Miron will forward an RFI regarding this.

  • 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.

  • All-Risk Property Insurance shall be provided for physical damage to the property of Facility User and to the Assigned Areas and other improvements, with coverage for a minimum of one hundred percent (100%) of the replacement value of the property.

  • All-Risk Property Insurance in an amount adequate to replace property of Buyer and/or Buyer’s customer, including Supplies covered by the Purchase Order, which may be in the possession or control of Seller.

Related to All-Risk Property Insurance

  • Property Insurance is defined in Section 6.10(a).

  • Credit property insurance means insurance:

  • Casualty insurance means liability insurance.

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud.

  • First party insurance means an insurance policy or contract in which the insurer

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • Asset Coverage means “asset coverage” of a class of senior security which is a stock, as defined for purposes of Section 18(h) of the 1940 Act as in effect on the date hereof, determined on the basis of values calculated as of a time within 48 hours (only including Business Days) next preceding the time of such determination.

  • Professional liability insurance means insurance against legal liability incident to the practice of a profession and provision of a professional service.

  • Blanket insurance policy means a group policy covering a defined class of

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Crew Insurances means insurances against crew risks which shall include but not be limited to death, sickness, repatriation, injury, shipwreck unemployment indemnity and loss of personal effects.

  • All Risk property insurance on a full replacement cost basis insuring CLEC’s property situated on or within any CenturyLink Premises. CLEC may elect to insure business interruption and contingent business interruption, as it is agreed that CenturyLink has no liability for loss of profit or revenues should an interruption of service occur.

  • Company Insurance Policies has the meaning set forth in Section 3.14.

  • Environmental Insurance Policy means, with respect to any Mortgage Loan or the related Mortgaged Property or REO Property, any insurance policy covering pollution conditions and/or other environmental conditions that is maintained from time to time in respect of such Mortgage Loan, Mortgaged Property or REO Property, as the case may be, for the benefit of, among others, the Trustee on behalf of the Certificateholders.

  • Lot coverage means the portion or percentage of the area of a lot upon which buildings are erected.

  • Tail risk means a risk that occurs either where the frequency of low probability events is higher than expected under a normal probability distribution or where there are observed events of very significant size or magnitude.

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • Insurance Coverage Contractor shall, at Contractor’s sole expense, procure, maintain and keep in force for the duration of this Contract the following insurance conforming to the minimum requirements specified below. Unless specified herein or otherwise agreed to by the City, the required insurance shall be in effect prior to the commencement of work by Contractor and shall continue in force as appropriate until the latter of:

  • Coverage Area means the area described in the Website for which Nearmap has available Products, which may cover part or all of that area and which may cover part (but not all) of the area covered by the Survey.

  • Franchise insurance means an individual insurance policy provided through a