Common use of All-Risk Builder’s Risk Insurance Clause in Contracts

All-Risk Builder’s Risk Insurance. During the entire construction period, Seller shall maintain, or cause to be maintained, All-Risk Builders’ Risk Insurance in an amount not less than 100% of the replacement cost of the Generating Facility to protect against loss of, damage to, or destruction of the Generating Facility, and including expediting expense coverage. Such Builder’s Risk Insurance shall also provide for Boiler and Machinery Coverage (or, at Seller’s option, the required Boiler and Machinery Coverage may be written as a stand-alone coverage with a joint loss adjustment agreement with the Property Insurance policy/insurer). Such Insurance shall contain a waiver of subrogation in favor of Anaheim.

Appears in 5 contracts

Samples: Renewable Power Purchase and Sale Agreement (Montauk Renewables, Inc.), Renewable Power Purchase and Sale Agreement, Renewable Power Purchase and Sale Agreement

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All-Risk Builder’s Risk Insurance. During the entire construction period, Seller shall maintain, or cause to be maintained, All-Risk All‐Risk Builders’ Risk Insurance in an amount not less than 100% of the replacement cost of the Generating Facility to protect against loss of, damage to, or destruction of the Generating Facility, and including expediting expense coverage. Such Builder’s Risk Insurance shall also provide for Boiler and Machinery Coverage (or, at Seller’s option, the required Boiler and Machinery Coverage may be written as a stand-alone stand‐alone coverage with a joint loss adjustment agreement with the Property Insurance policy/insurer). Such Insurance shall contain a waiver of subrogation in favor of Anaheim.

Appears in 1 contract

Samples: Renewable Power Purchase and Sale Agreement

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