Common use of Insurance, Damage Clause in Contracts

Insurance, Damage. For a period of not less than ten years following the Project Completion Deadline, the Recipient shall maintain, or cause to be maintained, insurance policies with responsible insurers or self-insurance programs, insuring against liability and risk of direct physical loss, damage or destruction of the Project, at least to the extent that similar insurance is customarily carried by governmental units constructing, operating and maintaining similar facilities. Nothing in this provision precludes Recipient from exerting a defense against any party other than OBDD, including a defense of immunity.

Insurance, Damage. For a period of not less than ten years following the Project Completion Close-Out Deadline, the Recipient shall maintain, or cause require any Subrecipient to be maintainedmaintain, insurance policies with responsible insurers or self-insurance programs, insuring against liability and risk of direct physical loss, damage or destruction of the Project, at least to the extent that similar insurance is customarily carried by governmental units or commercial entities constructing, operating and maintaining similar facilities. Nothing If Recipient maintains such policies, nothing in this provision precludes Recipient from exerting asserting a defense against any party other than OBDD, including a defense of immunity.

Insurance, Damage. For a period of not less than ten years following the Project Completion Close-Out Deadline, the Recipient shall maintain, or cause to be maintained, insurance policies with responsible insurers or self-insurance programs, insuring against liability and risk of direct physical loss, damage or destruction of the Project, at least to the extent that similar insurance is customarily carried by governmental units constructing, operating and maintaining similar facilities. Nothing in this provision precludes Recipient from exerting a defense against any party other than OBDD, including a defense of immunity.

Insurance, Damage. For a period of not less than ten years following the Project Completion Close-Out Deadline, the Recipient shall maintain, or cause to be maintained, insurance policies with responsible insurers or self-insurance programs, insuring against liability and risk of direct physical loss, damage damage, or destruction of the Project, at least to the extent that similar insurance is customarily carried by governmental units constructing, operating operating, and maintaining similar facilities. Nothing in this provision precludes Recipient from exerting a defense against any party other than OBDD, including a defense of immunity.