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 Schedule 9.2, 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 insurer shall have full settlement authority on behalf of the other insurers.

Appears in 2 contracts

Samples: Note Purchase Agreement (InfraREIT, Inc.), Note Purchase 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 Schedule 9.2, Article 16 and Appendix MM 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 insurer insurers shall have full settlement authority on behalf of the other insurers.

Appears in 1 contract

Samples: Engineering, Procurement and Construction Contract (San Diego Gas & Electric Co)

Control of Loss. If commercially feasible all policies of insurance required to be maintained pursuant to this Schedule 9.2Exhibit 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 insurer shall have full settlement authority on behalf of the other insurers.

Appears in 1 contract

Samples: Lease Agreement (InfraREIT, Inc.)

Control of Loss. If commercially feasible feasible, all policies of insurance required to be maintained pursuant to this Schedule 9.2Attachment 15, 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 insurer insurers shall have full settlement authority on behalf of the other insurers.

Appears in 1 contract

Samples: Lump Sum Turnkey Agreement (Tellurian Inc. /De/)

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Control of Loss. If commercially feasible all policies of insurance required to be maintained pursuant to this Schedule 9.2Exhibit C, 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 insurer shall have full settlement authority on behalf of the other insurers.

Appears in 1 contract

Samples: Lease Agreement (InfraREIT, Inc.)

Control of Loss. If commercially feasible feasible, all policies of insurance required to be maintained pursuant to this Schedule 9.28.05, 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 insurer shall have full settlement authority on behalf of the other insurers.

Appears in 1 contract

Samples: Credit Agreement (Cheniere Energy Inc)

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