ADDITIONAL COVERAGES. The insurance policy shall insure (i) the cost of preventive measures to reduce or prevent a loss (xxx & labor) in an amount not less than U.S.$5,000,000, (ii) operational and performance testing for a period not less than ninety (90) Days, (iii) inland transit with sub-limits sufficient to insure the largest single shipment to or from the Site from anywhere within the United States of America, (iv) expediting expenses (defined as extraordinary expenses incurred after an insured loss to make temporary repairs and expedite the permanent repair of the damaged property in excess of the delayed startup coverage even if such expenses do not reduce the delayed startup loss) in an amount not less than U.S.$15,000,000, (v) off-Site storage with sub-limits sufficient to insure the full replacement value of any property or Equipment not stored on the Site, and (vi) the removal of debris with a sub-limit not less than twenty-five percent (25%) of the loss amount, but subject to a maximum of U.S.$10,000,000.
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Samples: Escrow Agreement (Sabine Pass Liquefaction, LLC), Procurement and Construction Agreement (Tellurian Inc. /De/), Escrow Agreement (Cheniere Energy Partners, L.P.)
ADDITIONAL COVERAGES. The insurance policy shall insure (i) the cost of preventive measures to reduce or prevent a loss (xxx & labor) in an amount not less than U.S.$5,000,000, (ii) operational and performance testing for a period not less than ninety (90) Days, (iii) unless otherwise covered under the marine cargo policy, inland transit with sub-limits sufficient to insure the largest single shipment to or from the Site from anywhere within the United States of Americaworldwide, (iv) expediting expenses (defined as extraordinary expenses incurred after an insured loss to make temporary repairs and expedite the permanent repair of the damaged property in excess of the delayed startup coverage even if such expenses do not reduce the delayed startup lossproperty) in an amount not less than U.S.$15,000,000, which such amount shall be specific to Section 1 of the Builder’s Risk policy, (v) off-Site storage with sub-limits sufficient to insure the full replacement value of any property or Equipment not stored on the Site, and (vi) the removal of debris with a sub-limit not less than twenty-five percent (25%) of the loss amount, but subject to a maximum minimum of U.S.$10,000,000U.S.$25,000,000.
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Samples: Epc Agreement (NextDecade Corp.), Epc Agreement (NextDecade Corp.)
ADDITIONAL COVERAGES. The insurance policy shall insure (i) the cost of preventive measures to reduce or prevent a loss (xxx & labor) in an amount not less than U.S.$5,000,000U.S.$10,000,000, (ii) operational and performance testing for a period not less than ninety (90) Days, (iii) inland transit with sub-limits sufficient to insure the largest single shipment to or from the Site from anywhere within the United States of America, (iv) expediting expenses (defined as extraordinary expenses incurred after an insured loss to make temporary repairs and expedite the permanent repair of the damaged property in excess of the delayed startup coverage even if such expenses do not reduce the delayed startup loss) in an amount not less than U.S.$15,000,000, (v) off-Site storage with sub-limits sufficient to insure the full replacement value of any property or Equipment not stored on the Site, and (vi) the removal of debris with a sub-limit not less than twenty-five percent (25%) of the loss amount, but subject to a maximum of U.S.$10,000,000U.S.$10,000,000 and (vii) pollution clean up and removal for a sub-limit not less than U.S.$1,000,000.
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Samples: Engineering, Procurement and Construction Agreement (Cheniere Energy Inc)
ADDITIONAL COVERAGES. The insurance policy shall insure (i) the cost of preventive measures to reduce or prevent a loss (xxx & labor) in an amount not less than U.S.$5,000,000, (ii) operational and performance testing for a period not less than ninety (90) Days, (iii) inland transit with sub-limits sufficient to insure the largest single shipment to or from the Site from anywhere within the United States of America, (iv) expediting expenses (defined as extraordinary expenses incurred after an insured loss to make temporary repairs and expedite the permanent repair of the damaged property in excess of the delayed startup coverage even if such expenses do not reduce the delayed startup loss) in an amount not less than U.S.$15,000,000, (v) off-Site storage with sub-limits sufficient to insure the full replacement value of any property or Equipment not stored on the Site, and (vi) the removal of debris with a sub-limit not less than twenty-five percent (25%) of the loss amount, but subject to a maximum of U.S.$10,000,000.. Execution Copy Phase 4
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