Common use of Blanket Policies; Self-Insurance Clause in Contracts

Blanket Policies; Self-Insurance. (a) Any insurance required to be carried pursuant to this Article VI may be carried under a "blanket" policy or policies covering other liabilities and locations of Colonial or PTI, as applicable; provided, however, that such policy or policies: (i) shall apply to the property required to be insured by this Article VI and in an amount not less than the amount of insurance required to be carried by Colonial or PTI with respect thereto; and (ii) shall provide that no payment of insurance proceeds under any such policy with respect to any location other than the Telecommunications Network (with respect to PTI) or other than the Colonial Rights-of-Way and/or Related Facilities (with respect to Colonial), shall reduce the amount of insurance available with respect to the Telecommunications Network or to the Colonial Rights-of-Way and/or Related Facilities, as applicable, to an amount below the limits of liability required to be maintained herein.