Common use of BUSINESS INCOME INSURANCE Clause in Contracts

BUSINESS INCOME INSURANCE. The Owner, at the Owner’s option, may purchase and maintain such insurance as will insure the Owner against loss of use of the Owner’s property due to fire or other hazards, however caused. The Owner waives all rights of action against the Contractor for loss of use of the Owner’s property, including consequential losses due to fire or other hazards however caused.

Appears in 7 contracts

Samples: Standard Form of Agreement and General Conditions Between Owner and Contractor (Siouxland Ethanol, LLC), Standard Form of Agreement and General Conditions Between Owner and Contractor (Siouxland Ethanol, LLC), Standard Form of Agreement and General Conditions Between Owner and Contractor (Siouxland Ethanol, LLC)

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