Common use of Additional Insurance by Owner Lessor Clause in Contracts

Additional Insurance by Owner Lessor. At any time the Owner Lessor (either directly or in the name of the Owner Participant), the Owner Participant or the Lease Indenture Trustee may at its own expense and for its own account carry insurance with respect to its interest in the Undivided Interest; provided, that such insurance does not in any way interfere with the Facility Lessee's ability to obtain insurance required to be maintained under the Project Agreements or this Section 11. Any insurance payments received from policies maintained by the Owner Lessor, the Owner Participant or the Lease Indenture Trustee pursuant to the previous sentence shall be retained by the Owner Lessor, the Owner Participant or the Lease Indenture Trustee, as the case may be, without reducing or otherwise affecting the Facility Lessee's obligations hereunder.

Appears in 2 contracts

Samples: Facility Lease Agreement (PPL Montana LLC), Facility Lease Agreement (PPL Montana LLC)

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Additional Insurance by Owner Lessor. At any time the Owner Lessor (either directly or in the name of the Owner Participant), the Owner Participant (or its Affiliates) or the Lease Indenture Trustee may at its own expense and for its own account carry insurance with respect to its interest in the Undivided InterestFacility; provided, that such insurance does not in any way interfere with the Facility Lessee's ability to obtain insurance required to be maintained under the Project Agreements or this Section 11. Any insurance payments received from policies maintained by the Owner Lessor, the Owner Participant or the Lease Indenture Trustee pursuant to the previous sentence shall be retained by the Owner Lessor, the Owner Participant or the Lease Indenture Trustee, as the case may be, without reducing or otherwise affecting the Facility Lessee's obligations hereunder.

Appears in 2 contracts

Samples: Facility Lease Agreement (Dynegy Danskammer LLC), Participation Agreement (Dynegy Danskammer LLC)

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Additional Insurance by Owner Lessor. At any time time, the Owner Lessor (either directly or in the name of the Owner Participant), the Trust Company, the Owner Participant Trustee or the Lease Indenture Trustee may at its own expense and for its own account carry insurance with respect to its interest in the Undivided InterestFacility; provided, that such insurance does not in any way interfere with the Facility Lessee's ability to obtain insurance required to be maintained under the Project Agreements or pursuant to this Section 11. Schedule D. Any insurance payments received from policies maintained by the Owner Lessor, the Trust Company, the Owner Participant Trustee or the Lease Indenture Trustee pursuant to the previous sentence shall be retained by the Owner Lessor, the Owner Participant Trustee or the Lease Indenture Trustee, as the case may be, without reducing or otherwise affecting the Facility Lessee's obligations hereunder.

Appears in 1 contract

Samples: Facility Lease Agreement (Keyspan Corp)

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