Construction All Risks definition

Construction All Risks. Property damage insurance on an “all risk” basis insuring the Companies, the Construction Contractor, sub-contractors, the operator under the O&M Agreement and OPIC, as their interests may appear, 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, strike, riot, civil commotion, sabotage and “terrorism”. For purposes of this clause “terrorism” shall be defined as any act of any person acting on behalf of or in connection with any organization with activities directed towards the overthrowing or influencing of any government de jure or de facto by force or violence.
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Construction All Risks. (“CAR”) insurance covering POED against “all risks” of direct physical loss or damage. This CAR insurance shall be effective and shall insure POED while such POED is being transported to the site, excluding ocean marine cargo, and thereafter until the Substantial Completion Date;
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Construction All Risks insurance during the Construction Phase; Insured Parties: 1. MORILA
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Examples of Construction All Risks in a sentence

  • The Buyer shall insure, up to the full Contract price, the work under a project Construction All Risks Insurance including guarantee at A rated underwriters Standard & Poor.

  • On prior written request of Buyer the Supplier may insure the Goods against additional cost of Buyer, until the moment of delivery ex-works (Incoterms 2010) or leaving of the goods from Suppliers workshop, under a Construction All Risks insurance up to the full Contract Price.

  • Property and interests of every description used for or in connection with the ownership and/or maintenance and operation of the facilities unless more specifically insured under the Construction All Risks Insurance (Item 1 of Appendix 1) – this shall include mechanical and electrical equipment if applicable.

  • The CONTRACTOR shall have insurance policies for Construction All Risks and/or Assembly during the physical execution of the works (including, where applicable, performance tests), issued by an insurance company legally authorized for this purpose by the United Mexican States.

  • The Construction All Risks insurance shall remain in effect until replaced by operational physical damage insurance as specified in Section (B)(13) below.

  • The Construction All Risks policy shall (i) be on a completed value form, with no periodic reporting requirements, (ii) insure 100% of the completed insurable value of the Project, (iii) value losses at replacement cost, without deduction for physical depreciation or obsolescence including custom duties, taxes and fees and (iv) insure earth movement and flood coverage.

  • On or prior to the Substantial Completion Date or the expiration of the Construction All Risks insurance, whichever comes first, property damage insurance on an “all risk” basis insuring the Companies and OPIC, as their interests may appear, including coverage against damage or loss caused by earth movement (including but not limited to earthquake, landslide, subsidence and volcanic eruption), flood, boiler and machinery accidents, strike, riot, civil commotion sabotage and “terrorism”.

  • Construction All Risks, based on full contract value (including in All Risk policy) and including Third Party Liability (included in General Liability policy).

  • The Construction All Risks insurance shall have no deductible greater than $250,000 per occurrence for operational testing coverage and $100,000 per occurrence for all other coverage.

  • From the earlier of the Substantial Completion or physical acceptance, use or occupancy by the Company of any part of the Projects or termination of the Construction All Risks Insurance until the Release Date (or such longer period of insurance as may be agreed by the Intercreditor Agent and the Company).


More Definitions of Construction All Risks

Construction All Risks. Property damage insurance on an “all risk” basis insuring the Companies, the Construction Contractor, subcontractors, the operator under the O&M Agreement and OPIC, as their interests may appear, 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, strike, riot and civil commotion. The Borrower understands and accepts (i) the interim nature of the waiver provided hereby, and that OPIC has given no assurance that it will extend the waiver provided hereby or provide other waivers under or amendments to any Financing Document; (ii) that except as expressly set forth in this Section, the waiver contained herein shall not constitute a waiver or amendment of any term or condition of any Financing Document and all such terms and conditions shall remain in full force and effect and are hereby ratified and confirmed in all respects, and that no failure or delay by OPIC in exercising any right, power or privilege under any Financing Document, or any other action taken or not taken or statement made, during the period prior to the date hereof or during the period this waiver is in effect shall operate as a waiver thereof or obligate OPIC to agree to an extension of the waiver provided hereby or any other waiver under or amendment to any Financing Document and (iii) that this waiver shall lapse without the requirement of any further action by OPIC if the Companies fail to comply with the conditions set forth in such Section (C)(2).
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Related to Construction All Risks

  • Construction waste means solid waste which is produced or generated during construction, remodeling, or repair of pavements, houses, commercial buildings, and other structures. Construction wastes include, but are not limited to lumber, wire, sheetrock, broken brick, shingles, glass, pipes, concrete, paving materials, and metal and plastics if the metal or plastics are a part of the materials of construction or empty containers for such materials. Paints, coatings, solvents, asbestos, any liquid, compressed gases or semi-liquids and garbage are not construction wastes.

  • Construction Work means any work in connection with⎯

  • Erection, construction, remodeling, repairing means all types of work done on a particular building or work at the site thereof in the construction or development of the project, including without limitation, erecting, construction, remodeling, repairing, altering, painting, and decorating, the transporting of materials and supplies to or from the building or work done by the employees of the Contractor, Subcontractor, or Agent thereof, and the manufacturing or furnishing of

  • Building construction means any physical activity on the site involved in the erection of a structure, cladding, external finish, formwork, fixture, fitting of service installation and the unloading of plant, machinery, materials or the like.

  • Construction Plant means appliances, machinery with necessary supply to up keep and maintenance of the works or temporary works but dose not include materials or other things intended to form part of the permanent work.