Builder’s Risk Insurance means extended coverage insurance against loss or damage by fire, lightning, wind storm, hail, explosion, riot, vandalism, malicious mischief, riot attending a strike, civil commotion, aircraft, vehicles, smoke and other risks from time to time included under “extended coverage” policies, in an amount equal to 100% of the full replacement value of the Improvements.
Builder’s Risk Insurance shall have the meaning ascribed to it in Section 12.01 of this Agreement.
Builder’s Risk Insurance. Subcontractor shall insure (through an Installation Floater form policy), secure and protect their work and materials while in transit to jobsite, or in storage, from damages until final acceptance by Sabal Homes. All deductibles shall be the responsibility of Subcontractor. Subcontractor waives any rights of subrogation as pertains to the proceeds of any Builders' Risk insurance policy carried by Sabal Homes. Sabal Homes LLC
Examples of Builder’s Risk Insurance in a sentence
The Builder’s Risk Insurance shall be for the benefit of the Contractor and the PHA as their interests may appear and each shall be named in the policy or policies as an insured.
The Builder’s Risk Insurance need not be carried on excavations, piers, footings, or foundations until such time as work on the superstructure is started.
The Contractor is not required to carry Builder’s Risk Insurance for modernization work which does not involve structural alterations or additions and where the PHA’s existing fire and extended coverage policy can be endorsed to include such work.
The Builder’s Risk Insurance need not be carried on excavations, piers, footings, or foundations until such time as work on the super- structure is started.
The Contractor is not required to carry Builder’s Risk Insurance for modernization work which does not involve structural alterations or additions and where the PHA’s existing fire and extended coverage policy can be endorsed to include such work.conditions of this contract insofar as they are applicable to the work of subcontractors.(e) Nothing contained in this contract shall create any contractual relationship between any subcontractor and the PHA or between the subcontractor and HUD.
More Definitions of Builder’s Risk Insurance
Builder’s Risk Insurance means such part of the insurances effected by the Temporary Confirmation of Insurances which relates to the Rig during the period up to the time of delivery to the Borrower in accordance with the Rig Construction Contract;
Builder’s Risk Insurance shall have the meaning ascribed thereto in Section 5.1.5 hereof.
Builder’s Risk Insurance. A builder's risk insurance policy on an "all risk" basis including coverage for the perils of earth movement (including but not limited to earthquake, landslide, subsidence and volcanic eruption), flood, boiler, turbine and machinery accidents, sabotage, terrorism. Such insurance shall be on a completed value form, with no periodic reporting requirements, insuring the Contract Price of each Construction Contract and providing coverage for (a) the buildings, structures, boilers, machinery, equipment, facilities, fixtures, supplies, fuel and other properties constituting a part of the Project, (b) transit including ocean and air transit if any key equipment is to be moved by vessel or aircraft, with sub-limits sufficient to insure the full replacement value of key equipment items, (c) off-site storage with sub-limits sufficient to insure the full replacement value of any property or equipment not stored on the Site, (d) removal of debris with a sub-limit not less than 25 percent of the loss amount, (e) pollution clean up and removal for a sub-limit not less than US$250,000, (f) foundations and other property below the surface of the ground, and (g) all operation and performance testing for a period not less than 60 days. The earth movement and flood coverage may be insured with a sub-limit not less than Contract Price of each Construction Contract plus the amount required in clause (vii) below for the delayed startup coverage. The deductible for all such insurance shall not exceed (h) $150,000 per occurrence. The policy is to insure steam and electrical transmission lines and equipment to the extent the Borrower has an insurable interest. The ocean/air transit policy (which may be written separately) shall be on a "warehouse to warehouse" basis and contain ninety (90) day concealed damage If the insurance company providing the physical damage insurance is different from the company providing the boiler & machinery insurance required in this Section, then a joint loss agreement between them will be required and included as part of the respective policies.
Builder’s Risk Insurance. In an amount equal to 100% of the amount of the Contract. [ ] [ ] [ ] [ ] [ ] The apparent successful Vendor shall also furnish proof of any additional insurance requirements contained in the specifications prior to Contract award regardless of whether or not that insurance requirement is listed above. [ ] LICENSE(S) / CERTIFICATIONS / PERMITS: In addition to anything required under the Section entitled Licensing, of the General Terms and Conditions, the apparent successful Vendor shall furnish proof of the following licenses, certifications, and/or permits prior to Contract award, in a form acceptable to the Agency. [ ] [ ] [ ] The apparent successful Vendor shall also furnish proof of any additional licenses or certifications contained in the specifications prior to Contract award regardless of whether or not that requirement is listed above.
Builder’s Risk Insurance. As this project is a modification to an existing building, in accordance with Section 12(b)- Owner Controlled During Construction of the General Conditions, the requirements of Section 12(a)- Contractor Controlled During Construction of the General Conditions do not apply.
Builder’s Risk Insurance. Contractors shall provide builders risk insurance to cover the full value of the work being performed on all projects with a contract amount in excess of $250,000, and/ or any project which is being completed in an incomplete (with out a C.O.) shell building.
Builder’s Risk Insurance. Waiver of Subrogation Tenant agrees that its contract with the Contractor shall expressly provide that the Contractor and its subcontractors waive all rights against the Landlord (the Landlord under this Lease) and all other Contractors and Subcontractors for damages caused by perils covered by the Builder's Risk insurance, to be obtained by Tenant as required by the Lease. The Contractor and their Subcontractors shall also waive all rights against the Landlord and all other contractors and subcontractors for loss or damage to any equipment used in connection with the Project and covered by any property insurance. If the policies of insurance refereed to in this Schedule require an endorsement to provide for continued coverage where there is a waiver of subrogation, the owners of such policies will cause them to be so endorsed at their expense and provide evidence of such endorsement to the other parties. EXHIBIT F To 580 Xxxxxxxx Xxxxx Xxxse LETTER OF CREDIT To [LANDLORD] Re: Our Irrevocable Letter of Credit No.____________________________ We hereby establish our Irrevocable Letter of Credit No.____________ in your favor for the account of_______________________________________ up to an aggregate amount of $________________________________ which is available by your draft(s) at sight drawn on ______________________________Bank and accompanied by the following: