Common use of Control of Loss Clause in Contracts

Control of Loss. If commercially feasible, all policies of insurance required to be maintained pursuant to this Attachment O, wherein more than one insurer provides the coverage on any single policy, shall have a clause (or a separate agreement among the insurers) wherein all insurers have agreed that the lead insurers shall have full settlement authority on behalf of the other insurers.

Appears in 13 contracts

Samples: Lump Sum Turnkey Agreement, Lump Sum Turnkey Agreement (Sabine Pass Liquefaction, LLC), Lump Sum Turnkey Agreement (Cheniere Energy Partners, L.P.)

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Control of Loss. If commercially feasible, feasible all policies of insurance required to be maintained pursuant to this Attachment OExhibit D, wherein more than one insurer provides the coverage on any single policy, shall have a clause (or a separate agreement among the insurers) wherein all insurers have agreed that the lead insurers insurer shall have full settlement authority on behalf of the other insurers.

Appears in 3 contracts

Samples: Permian Lease Agreement (InfraREIT, Inc.), Crez Lease Agreement (InfraREIT, Inc.), Master System Lease Agreement (InfraREIT, Inc.)

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Control of Loss. If commercially feasible, feasible all policies of insurance required to be maintained pursuant to this Attachment OExhibit B, wherein more than one insurer provides the coverage on any single policy, shall have a clause (or a separate agreement among the insurers) wherein all insurers have agreed that the lead insurers insurer shall have full settlement authority on behalf of the other insurers.. ERCOT TRANSMISSION ASSETS LEASE AGREEMENT

Appears in 1 contract

Samples: Lease Agreement (InfraREIT, Inc.)

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