Common use of All Risk Property Insurance Clause in Contracts

All Risk Property Insurance. Lessee shall maintain all risk property insurance covering the Equipment against all risks of physical loss or damage, including but not limited to fire and extended coverage, collapse, flood, earth movement and comprehensive boiler and machinery coverage (including but not limited to electrical malfunction and mechanical breakdown). Coverage shall be written in the greater of the then current Stipulated Loss Value or replacement cost value in an amount reasonably acceptable to Lessor. Such insurance policy shall contain an agreed amount endorsement waiving any coinsurance penalty and shall include expediting expense coverage in an amount not less than $1,000,000; and

Appears in 2 contracts

Samples: Equipment Lease Agreement (Dominion Textile (Usa), L.L.C.), Equipment Lease Agreement (Polymer Group Inc)

AutoNDA by SimpleDocs

All Risk Property Insurance. Lessee shall maintain all risk property insurance covering the Equipment against all risks of physical loss or damagedamage to the Equipment, including but not limited to fire and extended coverage, collapse, flood, flood and earth movement and comprehensive boiler and machinery coverage (including but not limited to electrical malfunction and mechanical breakdown)movement. Coverage shall be written in the greater of the then current replacement cost or Stipulated Loss Value or replacement cost value in an amount reasonably acceptable to LessorValue. Such insurance policy shall contain an agreed amount endorsement waiving any coinsurance penalty and shall include expediting expense coverage in an amount not less than $1,000,000coverage; and,

Appears in 1 contract

Samples: Master Lease Agreement (Western Express Holdings, Inc.)

All Risk Property Insurance. Lessee shall maintain maintain, all risk property insurance covering the Equipment against all risks of physical loss or damage, including but not limited to fire and extended coverage, collapse, flood, earth movement and comprehensive boiler and machinery coverage (including but not limited to electrical malfunction and mechanical breakdown). Coverage shall be written in the greater of the then current Stipulated Loss Value or replacement cost value in an amount reasonably acceptable to Lessor. Such insurance policy shall contain an agreed amount endorsement waiving any coinsurance penalty and shall include expediting expense coverage in an amount not less than $1,000,000; and;

Appears in 1 contract

Samples: Master Lease Agreement (Metaldyne Corp)

AutoNDA by SimpleDocs

All Risk Property Insurance. Lessee shall maintain all risk property insurance covering the Facility and the Equipment against all risks of physical loss or damage, including but not limited to fire and extended coverage, collapse, flood, earth movement and comprehensive boiler and machinery coverage (including but not limited to electrical malfunction and mechanical breakdown). Coverage shall be written in the greater of the then current Stipulated Loss Value or replacement cost value in an amount reasonably acceptable to Lessor. Such insurance policy shall contain an agreed amount endorsement waiving any coinsurance penalty and shall include expediting expense coverage in an amount not less than $1,000,000U.S.$1,000,000.00 Dollars; and

Appears in 1 contract

Samples: Master Lease Agreement (Collins & Aikman Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!