Common use of All Risk Property Insurance Clause in Contracts

All Risk Property Insurance. All Risk Property Insurance on a replacement cost basis covering the Project during the course of construction (Builders Risk) and after completion. The insurance will provide coverage against all-risk of loss including loss or damage by fire, lightning, windstorm, hail, explosion, riot, civil commotion, aircraft, vehicles, smoke, earthquake, flood, collapse, sinkhole, subsidence and terrorism and other risks from time to time included under “all risk” or “extended coverage” policies and shall include transit and storage coverage. Owner and its subcontractors shall be responsible for insuring their own property and equipment. The policy shall contain a waiver of subrogation in favor of Fortis, Inc. and Central Xxxxxx Gas and Electric. If at any time, Fortis, Inc. or Central Xxxxxx Gas and Electric has an insurable interest in the property, the insurance policy willname the companies as Loss Payee(s).

All Risk Property Insurance. All Risk Property Insurance on a replacement cost basis covering the Project during the course of construction (Builders Risk) and after completion. The insurance will provide coverage against all-risk of loss including loss or damage by fire, lightning, windstorm, hail, explosion, riot, civil commotion, aircraft, vehicles, smoke, earthquake, flood, collapse, sinkhole, subsidence and terrorism and other risks from time to time included under “all risk” or “extended coverage” policies and shall include transit and storage coverage. Owner and its subcontractors shall be responsible for insuring their own property and equipment. The policy shall contain a waiver of subrogation in favor of Fortis, Inc. and Central Xxxxxx Rochester Gas and Electric. Electric Corp. and its Affiliates If at any time, Fortis, Inc. or Central Xxxxxx Rochester Gas and Electric Corp. and its Affiliates has an insurable interest in the property, the insurance policy willname will name the companies as Loss Payee(s).

All Risk Property Insurance. All Risk Property Insurance on a replacement cost basis covering the Project during the course of construction (Builders Risk) and after completion. The insurance will provide coverage against all-risk of loss including loss or damage by fire, lightning, windstorm, hail, explosion, riot, civil commotion, aircraft, vehicles, smoke, earthquake, flood, collapse, sinkhole, subsidence and terrorism and other risks from time to time included under “all risk” or “extended coverage” policies and shall include transit and storage coverage. Owner and its subcontractors shall be responsible for insuring their own property and equipment. The policy shall contain a waiver of subrogation in favor of Fortis, Inc. and Central Xxxxxx Rochester Gas and Electric. & Electricand its Affiliates If at any time, Fortis, Inc. or Central Xxxxxx Rochester Gas and Electric & Electricand its Affiliates has an insurable interest in the property, the insurance policy willname will name the companies as Loss Payee(s).

All Risk Property Insurance. All Risk Property Insurance on a replacement cost basis covering the Project during the course of construction (Builders Risk) and after completion. The insurance will provide coverage against all-risk of loss including loss or damage by fire, lightning, windstorm, hail, explosion, riot, civil commotion, aircraft, vehicles, smoke, earthquake, flood, collapse, sinkhole, subsidence and terrorism and other risks from time to time included under “all risk” or “extended coverage” policies and shall include transit and storage coverage. Owner and its subcontractors shall be responsible for insuring their own property and equipment. The policy shall contain a waiver of subrogation in favor of FortisConsolidated Edison, Inc. and Central Xxxxxx Gas Orange and Electric. Rockland Utilities, Inc. If at any time, FortisConsolidated Edison, Inc. or Central Xxxxxx Gas Orange and Electric Rockland Utilities, Inc. has an insurable interest in the property, the insurance policy willname will name the companies as Loss Payee(s).