Common use of Consequential Loss Following All Risks Clause in Contracts

Consequential Loss Following All Risks. Coverage: Shall insure against loss of revenue due to loss of capacity and/or loss of output as a direct consequence of loss of or damage to the Facility and caused by a peril insured under All Risks insurance. Sum insured: An amount equal to the estimated debt service which will be due during the Indemnity Period following the current period of the insurance policy. Indemnity Period: 12 Months. Insured: The Company, the O&M Contractor and the Lenders. General: Rights of recourse against BPDB, the Lenders and O&M Contractor shall be waived.

Appears in 6 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.