Construction All-Risk Insurance. Seller shall maintain or cause to be maintained during the construction of the Facility prior to the Commercial Operation Date, construction all-risk form property insurance covering the Facility during such construction periods, and naming the Seller (and Lender if any) as the loss payee.
Construction All-Risk Insurance. On or prior to the point of ground breaking of any Development Project, or if ground breaking has already occurred, prior to the Effective Date, the Borrower Group Parties shall procure property damage insurance for all property, equipment and construction and erection activities associated with the construction on an “all risk” basis insuring the Borrower Group Parties and the Secured Parties, as their interests may appear, including but not limited to coverage for the perils of earth movement (including but not limited to earthquake, landslide, subsidence and volcanic eruption), flood, named windstorm, and machinery and equipment breakdown. Losses shall be valued at their repair or replacement cost without deductions for physical depreciation or obsolescence. Such insurance shall not contain any coinsurance clause or shall include a waiver of such clause.
Construction All-Risk Insurance. Property damage insurance on an “all risk” basis covering the insurable assets of the Project with limits and coverage during the construction period as follows: · Limits - Contract works Sum Insured for the full Contract Value - $277,000,000 · Inland Transit - $10,000,000 · Removal Of Debris - 20% of loss maximum $5,000,000 · Expediting Expenses - 20% of loss maximum $5,000,000 · Professional Fees - $1,000,000 · Plans and Documents - $500,000 · Strike, riot and civil commotion - $10,000,000 · Cost Escalation - 20% of contract value · 50/50 Marine Contribution Clause
Construction All-Risk Insurance. Seller shall maintain or cause to be maintained during the construction of the Facility prior to the Commercial Operation Date, construction all-risk form property insurance covering the Facility during such const... (f)
Construction All-Risk Insurance. Seller shall maintain or cause to be maintained during the construction of the Facility prior to the Commercial Operation Date, construction all-risk form property insurance covering the Facility during such construction periods, and naming the Seller (and Lender if any) as the loss payee. Subcontractor Insurance. Seller shall require all of its subcontractors to carry: (i) comprehensive general liability insurance with a combined single limit of coverage not less than one million dollars ($1,000,000); (ii) workers’ compensation insurance and employers’ liability coverage in accordance with applicable requirements of Law; and (iii) business auto insurance for bodily injury and property damage with limits of one million dollars ($1,000,000) per occurrence. All subcontractors shall name Seller as an additional insured to insurance carried pursuant to clauses (f)(i) and (f)(iii). All subcontractors shall provide a primary endorsement and a waiver of subrogation to Seller for the required coverage pursuant to this Section 18.1(f).
Construction All-Risk Insurance. Seller shall maintain or cause to be maintained during the construction of the System prior to the first Deliverability Notice, construction all-risk form property insurance covering the System during such construction periods, and including the Seller as an insured and lender, if any, as the loss payee. All required policies shall provide that written notice by mail be given to Purchaser, (i) thirty (30) calendar days prior to cancellation, non- renewal, or reduction of coverage below the required limits of this Agreement, and (ii) at least ten (10) days’ notice for nonpayment of premium. In the event any of the required policies do not comply with this requirement, Seller shall be required to provide immediate notice to Purchaser upon Seller’s receipt of notice from Seller’s insurance company of cancellation, non-renewal, or reduction in coverage below the required limits of this Agreement. Each insurance policy required pursuant to this Agreement excepting policies for Workers’ Compensation shall contain the following:
Construction All-Risk Insurance. The following are to be noted:
Construction All-Risk Insurance. Under this policy are insured all activities, none excluded, of the insured companies regarding to or in connection with construction, erection, building, demolition, mounting, testing, trials and initial operation, commissioning, dismounting, extensions, revisions, assembling, maintenance, testing and all other additional works carried out by contractors and/or by own employees of the insured at the Insured sites.
