Insurance Coverages and Limits. At all times subsequent to the Completion Date, the Lessee shall provide, or cause to be provided, the following property and liability coverages with respect to the Facility: (i) all-risk property coverage, with limits of coverage at least equal to the replacement cost (which limits shall be not less than $12,000,000 less land value for the Facility), which insurance coverage may, at the Lessee's option, be included under any "blanket" policy maintained by the Lessee so long as such "blanket" policy provides for all-risk property coverage with respect to the Facility and any other Property covered thereby, with limits of coverage at least equal to the aggregate replacement cost of the Facility (provided, however, that such insurance, in either case, shall provide for replacement cost coverage, provided that the insured property is replaced, and, provided further, that the insurance shall not have the effect of causing the Lessee or any of its Affiliates to be deemed a co-insurer), with respect to the Lessee and any Affiliate of the Lessee providing services with respect to the Facility, or if the Lessee elects to effect the coverage required by this Paragraph under a "blanket" policy, Lessee and its Affiliates insured thereby, such insurance to include, coverage for (x) floods, windstorms, hurricanes, tornados, earthquakes, collapse and other perils (including debris removal and cleanup) and such insurance to cover equipment separated from the Facility, transit of equipment and consumables to and from the Facility, labor claims, in each case with respect to the Facility, and such insurance to include coverage for all other risks and occurrences customarily included under all-risk policies available with respect to Property similar in construction, location, occupancy and operation to the Facility (or the Facility and all other Property insured thereby if all are covered under a "blanket" policy), and (y) "boiler and machinery" property damage insurance on a comprehensive basis with respect to damage to the machinery, plants, equipment or similar apparatus (including production machinery) included in the Facility (or the Facility and all other Property insured thereby if all are covered under a "blanket" policy), from risks and in amounts normally insured against under machinery policies. (1) statutory workers' compensation and occupational disease insurance in accordance with applicable state and federal law, and employer's liability insurance with primary and excess coverage limits of not less than $1,000,000; (2) commercial general liability insurance covering operations of the Lessee, contractual liability coverage, contingent liability coverage arising out of the operations of the Facility, cross-liabilities coverage, and other coverage for hazards customarily insured with respect to Property similar in construction, location, occupancy and operation to the Facility, with limits complying with the underlying requirements of the excess liability policy described in Paragraph (a)(ii)(3); (3) excess commercial liability insurance in excess of the liability policies described in Paragraphs (a)(ii)(1) and (2) to bring to limits of not less than $5,000,000 for each occurrence and in the aggregate per year with respect to the Lessee and its Affiliates. (iii) The policy or policies providing the coverage required by paragraphs (a)(i) and (a)(ii)(2) and (a)(ii)(3) may include deductible amounts for the account of the Lessee or its Affiliates, as the case may be, not to exceed $1,000,000 in the aggregate for all such coverages.
Appears in 1 contract
Samples: Lease Agreement (Vincam Group Inc)
Insurance Coverages and Limits. At all times subsequent to the Completion Lease Commencement Date, the Lessee shall provide, or cause to be provided, the following property and liability coverages with respect to the Facility:Facility (may include deductible amounts for the account of the Lessee or its Affiliates, as the case may be, not to exceed $25,000 in the aggregate for all such coverages):
(ia) all-risk property coverage, with limits of coverage at least equal to the replacement cost (which limits shall be not less than $12,000,000 less land value 70,000,000 for the Facility), which insurance coverage may, at the Lessee's ’s option, be included under any "“blanket" ” policy maintained by the Lessee so long as such "“blanket" ” policy provides for all-risk property coverage with respect to the Facility and any other Property covered thereby, with limits of coverage at least equal to the aggregate replacement cost of the Facility (provided, however, that such insurance, in either case, shall provide for replacement cost coverage, provided that the insured property is replaced, and, provided further, that the insurance shall not have the effect of causing the Lessee or any of its Affiliates to be deemed a co-insurer), with respect to the Lessee and any Affiliate of the Lessee providing services with respect to the Facility, or if the Lessee elects to effect the coverage required by this Paragraph under a "“blanket" ” policy, the Lessee and its Affiliates insured thereby, such insurance to include, coverage for (x) floodsfloods (if required by applicable law or regulation), windstorms, hurricanes, tornados, earthquakes, collapse and other perils (including debris removal and cleanup) and such insurance to cover equipment separated from the Facility, transit of equipment and consumables to and from the FacilitySite, labor claims, in each case with respect to the Facility, and such insurance to include coverage for all other risks and occurrences customarily included under all-risk policies available with respect to Property similar in constructioninstallation, location, occupancy location and operation to the Facility (or the Facility and all other Property insured thereby if all are covered under a "“blanket" ” policy), and (y) "“boiler and machinery" ” property damage insurance on a comprehensive basis with respect to damage to the machinery, plants, equipment or similar apparatus (including production machinery) included in the Facility (or the Facility and all other Property insured thereby if all are covered under a "“blanket" ” policy), from risks and in amounts normally insured against under machinery policies.
(1b) (i) statutory workers' ’ compensation and occupational disease insurance in accordance with applicable state and federal law, and employer's ’s liability insurance with primary and excess coverage limits of not less than $1,000,000;
(2) commercial general liability insurance covering operations of the Lessee, contractual liability coverage, contingent liability coverage arising out of the operations of the Facility, cross-liabilities coverage, and other coverage for hazards customarily insured with respect to Property similar in construction, location, occupancy and operation to the Facility, with limits complying with the underlying requirements of the excess liability policy described in Paragraph (a)(ii)(3);
(3) excess commercial liability insurance in excess of the liability policies described in Paragraphs (a)(ii)(1) and (2) to bring to limits of not less than $5,000,000 for each occurrence and in the aggregate per year with respect to the Lessee and its Affiliates.
(iii) The policy or policies providing the coverage required by paragraphs (a)(i) and (a)(ii)(2) and (a)(ii)(3) may include deductible amounts for the account of the Lessee or its Affiliates, as the case may be, not to exceed $1,000,000 in the aggregate for all such coverages.
Appears in 1 contract
Insurance Coverages and Limits. At all times subsequent to the Completion Lease Commencement Date, the Lessee shall provide, or cause to be provided, the following property and liability coverages with respect to the Facility:
(i) all-risk property coverage, with limits of coverage at least equal to the replacement cost (which limits shall be not less than $12,000,000 less land value 17,000,000 for the Facility), which insurance coverage may, at the Lessee's option, be included under any "blanket" policy maintained by the Lessee so long as such "blanket" policy provides for all-risk property coverage with respect to the Facility and any other Property covered thereby, with limits of coverage at least equal to the aggregate replacement cost of the Facility (provided, however, that such insurance, in either case, shall provide for replacement re placement cost coverage, provided that the insured property is replaced, and, provided further, that the insurance shall not have the effect of causing the Lessee or any of its Affiliates to be deemed a co-co- insurer), with respect to the Lessee and any Affiliate of the Lessee providing services with respect to the Facility, or if the Lessee elects to effect the coverage required by this Paragraph under a "blanket" policy, the Lessee and its Affiliates insured thereby, such insurance to include, coverage for (x) floods, windstorms, hurricanes, tornados, earthquakes, collapse and other perils (including debris removal and cleanup) and such insurance to cover equipment separated from the Facility, transit of equipment and consumables to and from the FacilitySite, labor claims, in each case with respect to the Facility, and such insurance to include coverage for all other risks and occurrences customarily included under all-risk policies available with respect to Property similar in constructioninstallation, location, occupancy location and operation to the Facility (or the Facility and all other Property insured thereby if all are covered under a "blanket" policy), and (y) "boiler and machinery" property damage insurance on a comprehensive basis with respect to damage to the machinery, plants, equipment or similar apparatus (including production machinery) included in the Facility (or the Facility and all other Property insured thereby if all are covered under a "blanket" policy), from risks and in amounts normally insured against under machinery policies.
(1) statutory workers' compensation and occupational disease insurance in accordance with applicable state and federal law, and employer's liability insurance with unlimited primary and excess coverage limits of not less than $1,000,000coverage;
(2) commercial general liability insurance covering operations of the Lessee, contractual liability coverage, contingent liability coverage arising out of the operations of the Facility, cross-cross- liabilities coverage, sudden and accidental seepage and pollution coverage, and other coverage for hazards customarily insured with respect to Property similar in construction, location, occupancy and operation to the Facility, with limits complying with the underlying requirements of the excess liability policy described in Paragraph (a)(ii)(3);
(3) excess commercial liability insurance in excess of the liability policies described in Paragraphs (a)(ii)(1) and (2) to bring to limits of not less than $5,000,000 2,000,000 for each occurrence and in the aggregate per year with respect to the Lessee and its Affiliates.
(iii) The policy or policies providing the coverage required by paragraphs (a)(i) and (a)(ii)(2) and (a)(ii)(3) may include deductible amounts for the account of the Lessee or its Affiliates, as the case may be, not to exceed $1,000,000 3,000,000 in the aggregate for all such coverages.
Appears in 1 contract
Insurance Coverages and Limits. At all times subsequent to the Completion DatePhase Commencement Date for such Phase, the Lessee shall provide, or cause to be provided, the following property and liability coverages with respect to the FacilityEquipment:
(i) all-risk property coverage, with limits of coverage at least equal to the replacement cost (which limits shall be not less than $12,000,000 less land value _____________ for the Facility)Equipment, which insurance coverage may, at the Lessee's option, be included under any "blanket" policy maintained by the Lessee Guarantor so long as such "blanket" policy provides for all-risk property coverage with respect to the Facility Equipment and any other Property covered thereby, with limits of coverage at least equal to the aggregate replacement cost of the Facility Equipment (provided, however, that such insurance, in either case, shall provide for replacement cost coverage, provided that the insured property is replaced, and, provided further, that the insurance shall not have the effect of causing the Lessee or any of its Affiliates to be deemed a co-insurer), with respect to the Lessee and any Affiliate of the Lessee providing services with respect to the FacilityEquipment, or if the Lessee elects to effect the coverage required by this Paragraph under a "blanket" policy, Lessee the Lessee, Guarantor and its Affiliates insured thereby, such insurance to include, coverage for (x) floods, windstorms, hurricanes, tornados, earthquakes, collapse and other perils (including debris removal and cleanup) and such insurance to cover equipment separated from the FacilityEquipment, transit of equipment and consumables to and from the FacilityApplicable Site, labor claims, in each case with respect to the FacilityEquipment, and such insurance to include coverage for all other risks and occurrences customarily included under all-risk policies available with respect to Property similar in constructioninstallation, location, occupancy location and operation to the Facility Equipment (or the Facility Equipment and all other Property insured thereby if all are covered under a "blanket" policy), and (y) "boiler and machinery" property damage insurance on a comprehensive basis with respect to damage to the machinery, plants, equipment or similar apparatus (including production machinery) included in the Facility Equipment (or the Facility Equipment and all other Property insured thereby if all are covered under a "blanket" policy), from risks and in amounts normally insured against under machinery policies.
(1) statutory workers' compensation and occupational disease insurance in accordance with applicable state and federal law, and employer's liability insurance with primary and excess coverage limits of not less than $1,000,000____________;
(2) commercial general liability insurance covering operations of the Lessee, contractual liability coverage, contingent liability coverage arising out of the operations of the FacilityEquipment, cross-liabilities coverage, sudden and accidental seepage and pollution coverage, and other coverage for hazards customarily insured with respect to Property similar in construction, location, occupancy and operation to the FacilityEquipment, with limits complying with the underlying requirements of the excess liability policy described in Paragraph (a)(ii)(3);
(3) excess commercial liability insurance in excess of the liability policies described in Paragraphs (a)(ii)(1) and (2) to bring to limits of not less than $5,000,000 ______________ for each occurrence and in the aggregate per year with respect to the Lessee Lessee, Guarantor and its Affiliates.
(iii) The policy or policies providing the coverage required by paragraphs (a)(i) and (a)(ii)(2) and (a)(ii)(3) may include deductible amounts for the account of the Lessee or its Affiliates, as the case may be, not to exceed $1,000,000 _____________ in the aggregate for all such coverages.
Appears in 1 contract
Samples: Master Lease Agreement (Flowers Industries Inc /Ga)
Insurance Coverages and Limits. At all times subsequent to the Completion Lease Commencement Date, the Lessee shall provide, or cause to be provided, the following property and liability coverages with respect to the Facility:
(i) all-risk property coverage, with limits of coverage at least equal to the replacement cost (which limits shall be not less than $12,000,000 less land value 28,000,000 for the Facility), which insurance coverage may, at the Lessee's option, be included under any "blanket" policy maintained by the Lessee so long as such "blanket" policy provides for all-risk property coverage with respect to the Facility and any other Property covered thereby, with limits of coverage at least equal to the aggregate replacement cost of the Facility (provided, however, that such insurance, in either case, shall provide for replacement cost coverage, provided that the insured property is replaced, and, provided further, that the insurance shall not have the effect of causing the Lessee or any of its Affiliates to be deemed a co-insurer), with respect to the Lessee and any Affiliate of the Lessee providing services with respect to the Facility, or if the Lessee elects to effect the coverage required by this Paragraph under a "blanket" policy, the Lessee and its Affiliates insured thereby, such insurance to include, coverage for (x) floods, windstorms, hurricanes, tornadostornadoes, earthquakes, collapse and other perils (including debris removal and cleanup) and such insurance to cover equipment separated from the Facility, transit of equipment and consumables to and from the Facility, labor claimsSite, in each case with respect to the Facility, and such insurance to include coverage for all other risks and occurrences customarily included under all-risk policies available with respect to Property similar in constructioninstallation, location, occupancy location and operation to the Facility (or the Facility and all other Property insured thereby if all are covered under a "blanket" policy), and (y) "boiler and machinery" property damage insurance on a comprehensive basis with respect to damage to the machinery, plants, equipment or similar apparatus (including production machinery) included in the Facility (or the Facility and all other Property insured thereby if all are covered under a "blanket" policy), from risks and in amounts normally insured against under machinery policies.
(1A) statutory workers' compensation and occupational disease insurance in accordance with applicable state and federal law, and employer's liability insurance with primary and excess coverage limits of not less than $1,000,0005,000,000;
(2B) commercial general liability insurance covering operations of the Lessee, contractual liability coverage, contingent liability coverage arising out of the operations of the Facility, cross-liabilities coverage, sudden and accidental seepage and pollution coverage for the release of spent and unspent cooking oil and pollutants emitted from a hostile fire, and other coverage for hazards customarily insured with respect to Property similar in construction, location, occupancy and operation to the Facility, with limits complying with the underlying requirements of the excess liability policy described in Paragraph (a)(ii)(3a)(ii)(C);
(3C) excess commercial liability insurance in excess of the liability policies described in Paragraphs (a)(ii)(1a)(ii)(A) and (2B) to bring to limits of not less than $5,000,000 11,000,000 for each occurrence and in the aggregate per year with respect to the Lessee and its Affiliates.
(iii) The policy or policies providing the coverage required by paragraphs (a)(i) and (a)(ii)(2a)(ii)(B) and (a)(ii)(3a)(ii)(C) may include deductible amounts for the account of the Lessee or its Affiliates, as the case may be, not to exceed $1,000,000 360,000 in the aggregate for all such coverages.
Appears in 1 contract
Insurance Coverages and Limits. At all times subsequent to the Completion DateAcquisition Date for any Equipment, the Lessee shall provide, or cause to be provided, the following property and liability coverages with respect to the FacilityEquipment:
(i1) all-risk property coverage, with limits of coverage at least equal to the replacement cost (which limits shall be not less than $12,000,000 less land value 865,175,8451 for the FacilityEquipment), which insurance coverage may, at the Lessee's option, be included under any "blanket" policy maintained by the Lessee so long as such "blanket" policy provides for all-risk property coverage with respect to the Facility Equipment and any other Property covered thereby, with limits of coverage at least equal to the aggregate replacement cost of the Facility Equipment (provided, however, that such insurance, in either case, shall provide for replacement cost coverage, provided that the insured property is replaced, and, provided further, that the insurance shall not have the effect of causing the Lessee or any of its Affiliates to be deemed a co-insurer), with respect to the Lessee and any Affiliate of the Lessee providing services with respect to the FacilityEquipment, or if the Lessee elects to effect the coverage required by this Paragraph under a "blanket" policy, the Lessee and its Affiliates insured thereby, such insurance to include, coverage for (x) floods, windstorms, hurricanes, tornados, earthquakes, collapse and other perils (including debris removal and cleanup) and such insurance to cover equipment separated from the FacilityEquipment, transit of equipment and consumables to and from the FacilityApplicable Site, labor claims, in each case with respect to the FacilityEquipment, and such insurance to include coverage for all other risks and occurrences customarily included under all-risk policies available with respect to Property similar in constructioninstallation, location, occupancy location and operation to the Facility Equipment (or the Facility Equipment and all other Property insured thereby if all are covered under a "blanket" policy), and (y) "boiler and machinery" property damage insurance on a comprehensive basis with respect to damage to the machinery, plants, equipment or similar apparatus (including production machinery) included in the Facility Equipment (or the Facility Equipment and all other Property insured thereby if all are covered under a "blanket" policy), from risks and in amounts normally insured against under machinery policies.
(12) (A) statutory workers' compensation and occupational disease insurance in accordance with applicable state and federal law, and employer's liability insurance with primary and excess coverage limits of not less than $1,000,000;
(21) commercial general liability insurance covering operations of the Lessee, contractual liability coverage, contingent liability coverage arising out of the operations of the FacilityEquipment, cross-liabilities coverage, sudden and accidental seepage and pollution coverage, and other coverage for hazards customarily insured with respect to Property similar in construction, location, occupancy and operation to the FacilityEquipment, with limits complying with the underlying requirements of the excess liability policy described in Paragraph (a)(ii)(3);
(32) excess commercial liability insurance in excess of the liability policies described in Paragraphs (a)(ii)(1) and (2) to bring to limits of not less than $5,000,000 for each occurrence and in the aggregate per year with respect to the Lessee and its Affiliates.
(iii3) The policy or policies providing the coverage required by paragraphs (a)(i) and (a)(ii)(2) and (a)(ii)(3) may include deductible amounts for the account of the Lessee or its Affiliates, as the case may be, not to exceed $1,000,000 25,000 per occurrence in the aggregate for all such coverages.
Appears in 1 contract
Samples: Master Lease Agreement (Coca Cola Bottling Co Consolidated /De/)