Builders All Risk Insurance. This insurance shall include but not be limited to coverage for wind including named windstorm, earthquake, flood, perils, property in transit (excluding ocean transit), off-site storage - property in temporary storage or assembly away from the project site, testing, covering all materials, equipment, machinery and supplies of any nature whatsoever, the property of the Seller or of others for which the Seller may have assumed responsibility, used or to be used in or incidental to the site preparation, demolition of existing structures, erection and/or fabrication and/or reconstruction and/or repair of the project insured, including temporary works (all scaffolding, formworks, fences, shoring, hoarding, false work and temporary buildings and all incidental to the project) from the start of construction through the earlier of the Commercial Operations Date or the effective date of the policy coverage set forth in Section 5 (All Risk Property/Comprehensive Mechanical and Electrical Breakdown Insurance (Upon Completion of Construction)) of this Attachment R (Required Insurance). The amount of coverage shall be purchased on a full replacement cost basis, except for earthquake, windstorm and flood perils which shall be provided as sublimits and aggregate limits supported by a Probable Maximum Loss (PML) study and/or Catastrophe (CAT) Modeling report, if such insurance amounts are appropriate and available on commercially reasonable terms. The coverage shall be written on an "All Risks" completed value form and may allow for reasonable other sublimits for transit and for incidental offsite storage. Coverage shall be extended to include testing. Such policies shall be endorsed to require that the coverage afforded shall not be canceled (except for nonpayment of premiums) or reduced without at least thirty (30) Days' prior written notice to Seller and Company; provided, however, that such endorsement shall provide (i) that the insurer may not cancel the coverage for non-payment of premium without giving Seller and Company ten (10) Days' notice that Seller has failed to make timely payment thereof, and (ii) that, subject to the consent of the Facility Lender, Seller or Company shall thereupon have the right to pay such premium directly to the insurer.
Builders All Risk Insurance. During any period of repair or restoration, builder’s “All-Risk” insurance in an amount equal to not less than the full insurable value of the Property against such risks (including so called “All Risk” perils coverage and collapse of the Improvements to agreed limits as Lender may request, in form and substance acceptable to Lender).
Builders All Risk Insurance. At all times during the period beginning with commencement of construction of Tenant’s Work and ending with final completion of Tenant’s Work, Tenant shall maintain, or cause to be maintained, casualty insurance in Builder’s All-Risk Form, insuring the Landlord Parties and Tenant’s contractors, as their interests may appear. Such policy shall, on a completed values basis for the full insurable value at all times, insure against loss or damage by fire, vandalism and malicious mischief and other such risks as are customarily covered by the so-called “broad form extended coverage endorsement” upon all Tenant’s Work and the general contractor’s and any subcontractors’ machinery, tools and equipment, all while each forms a part of, or is contained in, Tenant’s Work or any temporary structures on the Premises, or is adjacent thereto. Said Builder’s All-Risk Insurance shall contain an express waiver of any right of subrogation by the insurer against Landlord and its affiliates, agents and employees.
Builders All Risk Insurance. From and after the issuance of the Notice to Proceed, Owner shall procure or cause to be procured and maintained all-risk builder’s insurance covering physical loss or damage to the Scope of Work. Coverage shall include, fire, explosion, extended coverage, expediting expense and extra expense, collapse, earthquake, flood, hurricane, volcanic action, strikes, riot, civil commotion (but shall exclude terrorism) and comprehensive boiler and machinery (including electrical injury and mechanical breakdown). Coverage shall be written on a replacement cost basis for the full completed value of the Scope of Work and contain an agreed amount endorsement waiving any coinsurance penalty. There shall be no exclusion for resultant damage caused by faulty workmanship, design or materials. Flood, earthquake, windstorm and volcanic action shall be provided at maximum limits commercially available at a reasonable cost, as agreed by Owner. Such policy shall remain in full force and effect until the earlier of “substantial completion” (according to the ECC) or care, custody and control of the Plant is transferred to Owner and covered by the all risk property policy.
Builders All Risk Insurance. At all times during the period beginning with commencement of construction of Tenant’s Work and ending with final completion of Tenant’s Work, Tenant shall maintain, or cause to be maintained, casualty insurance in Builder’s All-Risk Form, insuring (a) Landlord and its affiliates, agents, employees, consultants and lenders and (b) Tenant’s contractors, as their interests may appear. Such policy shall, on a completed values basis for the full insurable value at all times, insure against loss or damage by fire, vandalism and malicious mischief and other such risks as are customarily covered by the so-called “broad form extended coverage endorsement” upon all Tenant’s Work and the general contractor’s and any subcontractors’ machinery, tools and equipment, all while each forms a part of, or is contained in, Tenant’s Work or any temporary structures on the Additional Premises, or is adjacent thereto. Said Builder’s All-Risk Insurance shall contain an express waiver of any right of subrogation by the insurer against Landlord and its affiliates, agents and employees.
Builders All Risk Insurance. At all times during construction, the Purchaser’s Project will be under a builder’s all risk insurance in an amount equal to the full replacement value of the Project for “all risks” of physical loss or damage including, but not limited to, coverage for earth movement, flood, windstorm, earthquake, sabotage, terrorism, riots, civil commotion, testing, boiler and machinery, transit and off-site storage. The policy may contain separate sub limits and deductibles subject to insurance company underwriting guidelines. Deductibles under the policy shall not exceed $100,000 per occurrence, except for deductibles for natural catastrophe peril, which shall not exceed five percent (5%) of the insured loss Increased cost of working - the additional expenditure necessarily and reasonably incurred for the purpose of avoiding or reducing delay which, without such expenditure would have taken place.
Builders All Risk Insurance. At all times during construction, the Purchaser’s Project will be under a builder’s all risk insurance in an amount equal to the full replacement value of the Project for “all risks” of physical loss or damage including, but not limited to, coverage for earth movement, flood, windstorm, earthquake, sabotage, terrorism, riots, civil commotion, testing, boiler and machinery, transit and off-site storage. The policy may contain separate sub limits and deductibles subject to insurance company underwriting guidelines. Deductibles under the policy shall not exceed $100,000 per occurrence, except for deductibles for natural catastrophe peril, which shall not exceed five percent (5%) of the insured loss Increased cost of working - the additional expenditure necessarily and reasonably incurred for the purpose of avoiding or reducing delay which, without such expenditure would have taken place. Workers Compensation Coverage shall comply with any statutory obligation imposed by Workers Compensation, Occupational Disease Laws, or similar laws, including where applicable, the United States Longshoremen’s and Harbor Workers’ Act, the Federal Employers’ Liability Act and the Xxxxx Act. Employers’ Liability insurance shall have limits of not less than $1,000,000 per accident, $1,000,000 disease-policy limit and $1,000,000 disease-each employee.
Builders All Risk Insurance. COMPANY shall purchase and maintain --------------------------- builders risk-type insurance upon the entire Project for the full cost of replacement at the time of the loss. This insurance shall include as named insureds COMPANY, CONTRACTOR and the subcontractors (generally as a class, but not individually) and shall insure against loss from fire and extended coverage perils, and shall include "All Risk" insurance for physical loss or damage including, without duplication of coverage and to the extent available, at least theft, vandalism, malicious mischief, transit, collapse, flood, earthquake, testing and damage resulting from defective design, workmanship or material. COMPANY will increase limits of coverage, if necessary, to reflect estimated replacement cost. COMPANY will be responsible for any co-insurance penalties or deductibles unless due to the fault or negligence of CONTRACTOR or any subcontractor.
Builders All Risk Insurance. During any period of repair or restoration to an Individual Property, builder’s “All-Risk” insurance in an amount equal to not less than the full insurable value of such Individual Property against such risks (including so called “All Risk” perils coverage and collapse of the Improvements to agreed limits as Lender may request, in form and substance reasonably acceptable to Lender). Lender shall be named “Loss Payee” on a “Standard Mortgagee Endorsement” and be provided not less than thirty (30) days advance notice of cancellation or non-renewal.
Builders All Risk Insurance. From the point of groundbreaking for the Project through the Commercial Operation Date, the Managing Member shall maintain, or cause to be maintained, builder’s risk insurance covering all Company, MWCI or Project Company assets on an “all risk basis” including earthquake, flood, and wind perils, all testing and commissioning required to complete construction, machinery breakdown (including resulting damage from design defects, and faulty workmanship or materials), inland and ocean transit (unless provided under a separate all-risk transit policy for property and equipment in transit), off-site storage (unless provided under a separate all-risk property policy for equipment in storage) and delay in start up in an amount equivalent to not less than 12 months of lost profits (including the loss of production tax credits, grossed up for taxes, and renewable energy credits, as applicable) plus debt service and other continuing project expenses and other customary coverages, contingent delay in startup in an amount of not less than $5,000,000 and other sublimits, aggregates, deductibles. Coverage shall be maintained with limits, sublimits, aggregates, deductibles and other terms and conditions consistent with industry practice.
