Course of Construction Insurance Sample Clauses
Course of Construction Insurance. Course of construction insurance coverage for all risk of loss shall be maintained at one hundred percent of the completed value basis on the insurable portion of the work including materials at the project site, stored off the project site, or in transit. Tenant shall include the interests of the Landlord and subcontractors in the work and shall insure against the perils of physical loss or damage. Nothing in this Article, however, shall be construed to relieve the Tenant of full responsibility for loss of or damage to materials not yet incorporated in the work or the Tenant’s tools and equipment used to perform the work, whether on the project site or elsewhere, or to relieve the Tenant of any other responsibility under the Lease. If the Landlord is damaged by the failure of the Tenant to purchase or maintain such insurance, the Tenant shall bear all losses attributable thereto and indemnify the Landlord therefrom.
Course of Construction Insurance. During the course of construction of the Initial Tenant Improvements and any subsequent Alterations, Operator and Operator’s Contractor shall be required to provide property insurance on the improvements as they are being constructed. Coverage may be on a property insurance policy or a separate builders risk policy that covers the interests of the Contractor and the Operator. Coverage shall be “all risk” property insurance in an amount equal to the value of the improvements under construction. The policy shall include delay of opening coverage in the event a covered loss results in loss of rent and/or revenues to the Port due to a delay in completion of the improvements. The policy shall include coverage for debris removal following loss, loss to temporary structures, loss due to or resulting from water damage or interior water intrusion. The Port shall be named as an insured on the policy to the extent of the Port’s insurable interest in the improvements. Operator and Contractor shall waive subrogation rights against the Port and Xxxxxx during the construction of the improvements. Coverage shall be kept in force until the improvements are completed. Once the Project is completed, the Operator shall provide property insurance coverage on the improvements as outlined in Section 17.2.3. Prior to commencement of work on the improvements, evidence of property insurance shall be submitted to the Port and Xxxxxx.
Course of Construction Insurance. Course of construction insurance in the same amount as required in paragraph A above for property insurance, covering all construction activities on the Property.
Course of Construction Insurance. Developer shall obtain at its sole cost and keep in full force and effect during the term of the Agreement Course of Construction insurance with policy limits no less than $3,000,000 with no coinsurance penalty provisions. The City shall be named as loss payee and the insurer shall waive all rights of subrogation against the City.
Course of Construction Insurance. Lessee and Lessee's General Contractor shall maintain full course of Construction Insurance, with limits of $5,000,000, with Lessor and Lessor's Agent named as additional insured.
Course of Construction Insurance. During the course of construction of the Initial Tenant Improvements, Tenant’s contractor shall procure and maintain builder’s all risk insurance in an amount equal to the projected total cost of the construction of the Initial Tenant Improvements. Landlord and Tenant shall be named as loss payees on such builder’s all risk insurance and any proceeds of such insurance shall be paid to Landlord and Tenant as their interests may appear.
Course of Construction Insurance. Course of construction insurance coverage for all risk of loss shall be maintained by MiniMed at one hundred percent of the completed value basis on the insurable portion of the work including materials at the project site, stored off the project site, or in transit. MiniMed shall include the interests of the Landlord, Tenant and subcontractors in the work and shall insure against the perils of physical loss or damage. Nothing in this Article, however, shall be
Course of Construction Insurance. Lessee, at its sole cost and expense and for the mutual benefit of Lessee and Lessor, shall maintain Builder's Completed Value Risk Insurance against all risks of physical loss during construction of any improvements on the Property, with deductibles not to exceed Fifty Thousand Dollars ($50,000), covering the total costs of work performed and equipment, supplies and materials furnished.
Course of Construction Insurance. Contractor shall provide course of construction insurance covering for “all risks” of loss in the amount of the completed value of the Work. The City shall be named as a loss payee and the insurer shall waive all rights of subrogation against the City. This policy shall be issued by an insurance company which is admitted to do business in the State of California and shall contain a clause that the policy may not be canceled until thirty (30) days written notice, return receipt requested, is mailed to the City. Course of Construction Insurance may be provided for each separate Phase.
Course of Construction Insurance. During the course of construction of any Alterations, Tenant shall purchase and keep in force Comprehensive Builder’s Risk/Course of Construction insurance, with the same requirements as property insurance policies described above but with appropriate adjustments to reflect that the Alterations are under construction.