Common use of Insurance and Losses Clause in Contracts

Insurance and Losses. a) Insurance premia and costs incurred for insurance, provided that if such insurance is wholly or partly placed with an Affiliate of Contractor, such premia and costs shall be recoverable only to the extent not in excess of those generally charged by competitive insurance companies other than Affiliate; b) costs and losses incurred as a consequence of events, which are, insofar as not made good by insurance, allowable under 17 of the Agreement; and c) Costs or expenses necessary for the repair or replacement of property resulting from damage or losses incurred.

Insurance and Losses. a) Insurance premia and costs incurred for insurance, provided that if such insurance is wholly or partly placed with an Affiliate of Contractor, such premia and costs shall be recoverable only to the extent not in excess of those generally charged by competitive insurance companies other than Affiliate; and; b) costs and losses incurred as a consequence of events, which are, insofar as not made good by insurance, allowable under Article 17 of the Agreement; and. c) Costs or expenses necessary for the repair or replacement of property resulting from damage or losses incurred.

Insurance and Losses. a) Insurance premia and costs incurred for insurance, provided that if such insurance is wholly or partly placed with an Affiliate of Contractor, such premia and costs shall be recoverable only to the extent not in excess of those generally charged by competitive insurance companies other than Affiliate; and; b) costs Costs and losses incurred as a consequence of events, which are, insofar as not made good by insurance, allowable under Article 17 of the this Agreement; and. c) Costs or expenses necessary for the repair or replacement of property resulting from damage or losses incurred.