Common use of Loss of Use Insurance Clause in Contracts

Loss of Use Insurance. 11.4.1 Owner, at its option, may purchase and maintain such insurance as will insure it against loss of use of this property due to fire or other hazards, however caused. Owner waives all rights of action against Contractor for loss of use of Owner's property, including consequential losses due to fire or other hazards, however caused, to the extent covered by insurance under this Section 11.4.1.

Appears in 1 contract

Samples: Owner Contractor Agreement (Wells Real Estate Fund Ix Lp)

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Loss of Use Insurance. 11.4.1 The Owner, at its the Owner's option, may purchase and maintain such insurance as will insure it Owner against loss of use of this the Owner's property due to fire or other hazards, however caused. Owner waives all rights of action against Contractor for loss of use of Owner's property, including consequential losses due to fire or other hazards, however caused, to the extent covered by insurance under this Section 11.4.1.

Appears in 1 contract

Samples: Construction Contract (NightHawk Biosciences, Inc.)

Loss of Use Insurance. 11.4.1 7.4.1 The Owner, at its the Owner's option, may purchase and maintain such insurance as will insure it the Owner against loss of use of this the Owner's property due to fire or other hazards, however caused. Owner waives all rights of action against Contractor for loss of use of Owner's property, including consequential losses due to fire or other hazards, however caused, to the extent covered by insurance under this Section 11.4.1.

Appears in 1 contract

Samples: Ballard Medical Products

Loss of Use Insurance. 11.4.1 The Owner, at its the Owner’s option, may purchase and maintain such insurance as will insure it the Owner against loss of use of this the Owner’s property due to fire or other hazards, however caused. To the extent any losses are covered and paid for by such insurance, the Owner waives all rights of action against the Contractor for loss of use of the Owner's ’s property, including consequential losses due to fire or other hazards, hazards however caused, to the extent covered by insurance under this Section 11.4.1.

Appears in 1 contract

Samples: sc.edu

Loss of Use Insurance. 11.4.1 Owner, at its option, may purchase and maintain such insurance as will insure it against loss of use of this its property due to fire or other hazards, however caused. Owner waives all rights of action against Contractor for loss of use of Owner's property, including consequential losses due to or fire or other hazards, however caused, to the extent covered by insurance under this Section Subparagraph 11.4.1.

Appears in 1 contract

Samples: Contractor Agreement (Wells Real Estate Investment Trust Inc)

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Loss of Use Insurance. 11.4.1 7.4.1 The Owner, at its the Owner's option, may purchase and maintain such insurance as will insure it the Owner against loss of use of this the Owner's property due to fire or other hazards, however caused. The Owner waives all rights of action against Contractor the Design/Builder for loss of use of the Owner's property, including consequential losses due to fire or other hazards, however caused, to the extent covered by insurance under this Section 11.4.1.. ARTICLE 8 CHANGES IN THE WORK

Appears in 1 contract

Samples: Seneca Niagara Falls Gaming Corp

Loss of Use Insurance. 11.4.1 The Owner, at its the Owner’s option, may purchase and maintain such insurance as will insure it against loss insur of use of this the Owner’s property due to fire or other hazards, however caused. The Owner waives all rights of action wa against the Contractor for loss of use of the Owner's ’s property, including consequential losses due loss hazards however caused. tance by the Owner; ractors in the Work, Owner against loss all rights of action ue to fire or other hazards, however caused, to the extent covered by insurance under this Section 11.4.1.other

Appears in 1 contract

Samples: www.fitnyc.edu

Loss of Use Insurance. 11.4.1 The Owner, at its option, may shall purchase and maintain such insurance as will insure it the Owner against loss of use of this the Owner's property due to fire or other hazards, however caused. The Owner waives all rights of action against the Contractor for loss of use of the Owner's property, including consequential losses due to fire or other hazards, however caused, to the extent covered by insurance under this Section 11.4.1.

Appears in 1 contract

Samples: Guaranteed Maximum Price Construction Agreement (Gaylord Entertainment Co /De)

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