Insurance during Construction Period. The Licensee shall effect and maintain at its own cost, during the Construction Period and the Operation Period, such insurances for such maximum sums as may be required by the Licensor, and Applicable Laws, and such insurances as may be necessary or prudent in accordance with Good Industry Practice. The Licensee shall also effect and maintain such insurances as may be necessary for mitigating the risks that may devolve on the Licensor as a consequence of any act or omission of the Licensee during the Construction Period. The Licensee shall procure that in each insurance policy, the Licensor shall be a co-insured. No later than 45 (forty-five) days prior to commencement of the Construction Period, as the case may be, the Licensee shall by notice furnish to the Licensor, in reasonable detail, information in respect of the insurances that it proposes to effect and maintain in accordance with this Article 26. Within 30 (thirty) days of receipt of such notice, the Licensor may require the Licensee to effect and maintain such other insurances as may be necessary pursuant hereto, and in the event of any difference or disagreement relating to any such insurance, the Dispute Resolution Procedure shall apply.
Insurance during Construction Period. LCZ or its general contractor shall carry builder’s risk insurance on a completed value basis with respect to renovations and any other improvements to the Premises.
Insurance during Construction Period. The Developer shall effect and maintain at its own cost, for the Project Assets as a whole, during the Construction Period and the Defect Liability Period, such insurances for such maximum sums as may be necessary or prudent in accordance with Good Industry Practice. The Developer shall also effect and maintain such insurances as may be necessary for mitigating the risks that may devolve on the Client as a consequence of any act or omission of the Developer during the Construction Period. The Developer shall procure that in each insurance policy, the Client shall be a co-insured.
Insurance during Construction Period. The Developer shall effect and maintain at its own cost, for the Project as a whole, during the Construction Period after achieving COD till the expiry of this Agreement, such insurances for such maximum sums as may be required under the Financing Agreements, and the Applicable Laws, and such insurances as may be necessary or prudent in accordance with Good Industry Practice. The Developer shall also effect and maintain such insurances as may be necessary for mitigating the risks that may devolve on SH&DB as a consequence of any act or omission of the Developer during the Construction Period. The Developer shall procure that in each insurance policy, the SH&DB shall be a co-insured and that the insurer shall pay the proceeds of insurance into the Escrow Account. For the avoidance of doubt, the level of insurance to be maintained by the Developer after repayment of Senior Lenders’ dues in full shall be determined on the same principles as applicable for determining the level of insurance prior to such repayment of Senior Lenders’ dues.
Insurance during Construction Period. The DEVELOPER shall effect and maintain at its own cost, for the Project as a whole, during the Construction Period after appointed date till the expiry of this Agreement, such insurances for such maximum sums as may be required under the Financing Agreements, and the Applicable Laws, and such insurances as may be necessary or prudent in accordance with Good Industry Practice. The DEVELOPER shall also effect and maintain such insurances as may be necessary for mitigating the risks that may devolve on SH&DB as a consequence of any act or omission of the DEVELOPER during the Construction Period. The DEVELOPER shall procure that in each insurance policy, the SH&DB shall be a co-insured and that the insurer shall pay the proceeds of insurance to the Escrow Account. For the avoidance of doubt, the level of insurance to be maintained by the DEVELOPER after the repayment of senior lenders dues in full shall be determined on the same principles as applicable for determining the level of insurance prior to such repayment of senior lender’s dues.
Insurance during Construction Period. During the Construction Period, Tenant shall maintain or cause to be maintained all insurance required under the Construction Loan Agreement and Landlord and Land Owner shall be named as an additional insured with respect to such insurance.
Insurance during Construction Period. (a) During the Construction Period with respect to each Phase, Lessee will maintain, or cause to be maintained, insurance as required in Article 9 hereof, including without limitation, "all risk" builder's risk property insurance (which shall name the City and the Trustee as additional insureds and loss payees) against physical damage to the Lessee Project Components included in that Phase in an amount equal to at least 100% of the full replacement cost of the Lessee Project Components, which shall at all times not be less than the Cost of the Lessee Project Components expended to date. Additionally, during the Construction Period with respect to each Phase, the City agrees to maintain, or cause to be maintained, "all risk" builder's risk property insurance (with insurers satisfying the standards described in Section 9.04B, except that the insurers of any such policy shall need to have a Best's rating of at least B+ as opposed to A-) against physical damage to the City Project Components included in that Phase in an amount equal to at least 100% of the full replacement cost of the City Project Components, which shall at all times not be less than the Costs of the City Project Components expended to date.
(b) During the Construction Period with respect to each Phase, all costs incurred by Lessee with respect to the insurance policies which Lessee is required to maintain or cause to be maintained as described above will constitute Costs of the Lessee Project Components that are reimbursable to Lessee out of the Construction Account for such Phase.
Insurance during Construction Period. 1.1 The Contractor shall effect and maintain at its own cost, from the Appointed Date till the date of issue of the Completion Certificate, the following insurances for any loss or damage occurring on account of Non Political Event of Force Majeure, malicious act, accidental damage, explosion, fire and terrorism:
(a) insurance of Works, Plant and Materials and an additional sum of [15% (fifteen per cent)] of such replacement cost to cover any additional costs of and incidental to the rectification of loss or damage including professional fees and the cost of demolishing and removing any part of the Works and of removing debris of whatsoever nature; and
(b) insurance for the Contractor's equipment and Documents brought onto the Site by the Contractor, for a sum sufficient to provide for their replacement at the Site.
1.2 The insurance under paragraph 1.1 (a) and (b) above shall cover the Authority and the Contractor against all loss or damage from any cause arising under paragraph 1.1 other than risks which are not insurable at commercial terms.
Insurance during Construction Period. During the Construction Period, Lessor shall maintain or cause to be maintained “all-risk” and “extended risk” property insurance and builder’s risk and fire insurance, in each case with respect to the Expansion Site (covering physical loss or damage to the Expansion).
Insurance during Construction Period. During the ------------------------------------ Construction Period, Lessor shall maintain or cause to be maintained "all-risk" and "extended risk" property insurance and builder's risk and fire insurance, in each case with respect to the Campus (covering physical loss or damage to the Campus).
