Machinery Breakdown. Coverage: Shall insure against all machinery, plant, boilers and ancillary equipment forming part of the Facility against sudden and unforeseen physical loss or damage resulting from mechanical and electrical breakdown or derangement, explosion or collapse of boilers and pressure vessels, electrical short circuits, vibration misalignment, excessive current or voltage, abnormal stresses, centrifugal forces, failure of protective or regulating devices, overheating, entry of foreign bodies, impact, collision another similar causes. Sum insured: Full replacement value of all machinery, plant, boilers, etc.
Machinery Breakdown. Cover: All machinery, plant, boilers and ancillary equipment forming part of the Facility against accidental sudden and unforeseen physical loss or damage resulting from mechanical and electrical breakdown or derangement, explosion or collapse of boilers and pressure vessels, electrical short circuits, vibration, misalignment, excessive current or voltage, abnormal stresses, centrifugal forces, failure of protective regulating devices, overheating, entry of foreign bodies, impact, collision and other similar causes. Sum insured: Full reinstatement values with a limit of indemnity per event equal to the maximum probable loss (as determined in accordance with Prudent Electricity Utility Practice). Deductible: Gas Turbine - $1.5m. Steam Turbine/HRSG Transformers - $750,000 All other losses - $250,000 Insured: The Customer, the Company, its employees, Electricity Supply Board (ESB) and where requested by the Company its agents, contractors and sub-contractors. Review: On the Operational Date, and on each anniversary thereof, to reflect an appropriate sum insured in accordance with Prudent Electricity Utility Practice. SCHEDULE 7A Connection Charge Bond to be provided by a Bank or Financial Institution To: EirGrid plc. [Date] Xxxxx Xxxxxxxxxxx Xxxxxx Xxxxxx 0 Xxxxxxxx xx Xxxxxxx Dear Sirs Connection Charge Bond Issued pursuant to the Connection Agreement in the amount of €[ ] Under the Connection Agreement for a Facility at [ ] between EirGrid plc. (the “Company”) which includes its legal successors and any person to whom the Company assigns or transfers all its rights and obligations under the Connection Agreement and [ ] (the "Customer"), which expression includes its legal successors and any person to whom the Customer assigns or transfers all its rights and obligations under the Connection Agreement) it was agreed that the Customer will procure the issue of a Connection Charge Bond in favour of the Company in the form of this document. [ ] (the "Issuer") issues this Connection Charge Bond, number [ ], and irrevocably and unconditionally agrees as follows:
Machinery Breakdown. Cover: All machinery, Generator and ancillary equipment forming part of the Generator against sudden and unforeseen physical loss or damage resulting from mechanical and electrical breakdown or derangement, electrical short circuits, vibration, misalignment, excessive current or voltage, abnormal stresses, centrifugal forces, failure of protective or regulating devices, impact, collision and other similar causes. Sum insured: Full replacement value of all machinery, Generator etc. Insured: The Producer, Purchaser and the O&M Contractor.
Machinery Breakdown. Coverage shall insure against all machinery, plant and ancillary equipment forming part of the Inspection Stations against sudden and unforeseen physical loss or damage resulting from mechanical and electrical breakdown or derangement, explosion or collapse, electrical short circuits, vibration, abnormal stresses, failure of protective or regulating devices, overheating, entry of foreign bodies, impact, collision and other similar causes.
Machinery Breakdown. Under this Section, the Company will pay for damage occurring during the Period of Insurance arising from abrupt and accidental breakdown of machinery and plant (excluding electronic data processing equipment) and business interruption resulting therefrom caused by or resulting from a cause not otherwise excluded and subject to the Limit of Liability shown in Schedule. Reinstatement Conditions In the event of damage to machinery and plant under this Section 8, the basis upon which the amount payable under this Section is to be calculated shall be the cost of:
Machinery Breakdown. Cover: All machinery, plant and ancillary equipment forming part of the Plant against sudden and unforeseen physical loss or damage resulting from mechanical and electrical breakdown or derangement, explosion or collapse of pressure vessels, electrical short circuits, vibration, misalignment, excessive current or voltage, abnormal stresses, centrifugal forces, failure of protective or regulating devices, overheating, entry of foreign bodies, impact, collision and other similar causes. Sum insured: Full replacement value of all machinery, plant, boilers, etc. Deductible: US$ [ ] each loss. Insured: Seller and its lenders; Purchaser shall be named as an additional insured as its interest may appear.
Machinery Breakdown. Notwithstanding Exclusion 5 (b), this Policy extends to cover mechanical or electrical or electronic breakdown of machinery or electrical equipment being Insured Property, with no reduction being made for parts replaced where damage is repaired. The Company will not be liable under this Memorandum for: ❑ damage to belts, ropes, wires, chains, tyres, dies, exchangeable tools, engraved cylinders, glass components, porcelain components, ceramics, refractories, xxxxx, sieves, fabrics, jointing, packaging and operating media (except loss of refrigerant or insulating oil); ❑ wasting or wearing away or wearing out of any part caused by or naturally resulting from ordinary use or working, gradual deterioration, damage due to cavitation scratching of painted or polished surfaces; ❑ the cost of carrying out alterations, additions, improvements, overhauls or maintenance. The liability of the Company, in respect of any one loss, is limited to the amount specified in the Schedule for Machinery Breakdown. NATURAL DISASTER DAMAGE Notwithstanding Exclusion 2 (d), this Policy extends to cover Loss or Damage to Insured Property caused by and arising from: ❑ Natural Disaster Perils; or ❑ measures taken under proper authority, following any event covered by this Memorandum to: • avoid its spreading; or • reduce its consequences; provided: • this cover only applies for items of Insured Property selected and specified in the Schedule for Natural Disaster Damage; and ❑ the cover under this Memorandum applies only in excess of any cover provided under the Earthquake Commission Act 1993 for the same Insured Property; and ❑ the amount payable for any Loss or Damage to Insured Property under this Memorandum will be reduced by any amount payable under the Earthquake Commission Act 1993 (including any excess payable thereunder), and; ❑ the liability of the Company will not exceed the Sum Insured specified in the Schedule for such Insured Property. The Natural Disaster Damage Deductible payable for any Loss or Damage to Insured Property will be reduced by any amount payable under the Earthquake Commission Act 1993 for the same event and the same Insured Property.
Machinery Breakdown. This insurance shall cover against all machinery, plant, and ancillary equipment forming part of the facility against sudden and unforeseen physical loss or damage resulting from mechanical and electrical breakdown or derangement, explosion or collapse, electrical short circuits, vibration, misalignment, excessive current or voltage, abnormal stresses, centrifugal forces, failure of protective or regulating devices, overheating, entry of foreign bodies, impact, collision and other similar causes. Coverage shall be in an amount not less than the full replacement value of all machinery and ancillary equipment forming part of the Facilities.
Machinery Breakdown. Subject to the Insuring Agreement of the Policy and to the specific terms of this Section 4, (i.e. the Term of this Section), the Company agrees to indemnify the Insured in respect of any unforeseen and sudden physical loss or damage from causes such as defects in casting and material, faulty design, faults at workshop or in erection, bad workmanship, lack of skill, carelessness, shortage of water in boilers, physical explosion, tearing apart on account of centrifugal force, short circuit, or from any other cause not specifically excluded hereinafter, in a manner necessitating repair or replacement, by payment in cash, replacement or repair (at the Company’s option) up to an amount not exceeding in any one year of insurance in respect of each of the items specified in the Schedule the sum set opposite thereto and not exceeding in all the total sum expressed in the Schedule as insured hereby. This Section 4 shall apply to the insured items after successful completion of their performance acceptance tests whether they are at work or at rest, or being dismantled for the purpose of cleaning or overhauling, or in the course of the aforesaid operations themselves, or when being shifted within the premises, or during subsequent re-erection. SPECIFIC EXCLUSIONS TO SECTION 4: The Insurers shall not be liable for:
Machinery Breakdown. H. DAMAGE TO BOILERS AND PRESSURE VESSELS This policy does not insure the cost of repairing or replacing any part of a boiler or pressure vessel that suffers loss through: 1. explosion, overheating, rupture, bursting or collapse (but not pressure caused by chemical explosion), or 2. cracking or leaking. This exclusion does not apply to any resultant sudden and accidental loss to other parts of the boiler or pressure vessel arising from the above.
