Common use of Insured Exposure Clause in Contracts

Insured Exposure. (a) The compensation payable to Project Co pursuant to this Article 24 shall be reduced by any amount which Project Co or a Project Co Party recovers or is entitled to recover under any insurance policy, or would have recovered if it had complied with the requirements of this Project Agreement in respect of insurance or the terms of any policy of insurance required under this Project Agreement, which amount, for greater certainty, shall not include any excess or deductibles or any amount over the maximum amount insured under any such insurance policy.

Insured Exposure. (a) The compensation payable to Project Co pursuant to this Article 24 23 shall be reduced by any amount which Project Co or a Project Co Party recovers recovers, or is entitled to recover recover, under any insurance policy, or would have recovered if it had complied with the requirements of this Project Agreement in respect of insurance or the terms of any policy of insurance required under this Project Agreement, which amount, for greater certainty, shall not include any excess or deductibles or any amount over the maximum amount insured under any such insurance policy.

Insured Exposure. (a) The compensation payable to Project Co pursuant to this Article 24 Section 41 shall be reduced by any amount which Project Co or a Project Co Party recovers recovers, or is entitled to recover recover, under any insurance policy, or would have recovered if it had complied with the requirements of this Project Agreement in respect of insurance or the terms of any policy of insurance required under this Project Agreement, which amount, for greater certainty, shall not include any excess or deductibles or any amount over the maximum amount insured under any such insurance policy.

Insured Exposure. (a) The compensation payable to Project Co pursuant to this Article 24 Section 43 shall be reduced by any amount which Project Co or a Project Co Party recovers recovers, or is entitled to recover recover, under any insurance policy, or would have recovered if it had complied with the requirements of this Project Agreement in respect of insurance or the terms of any policy of insurance required under this Project Agreement, which amount, for greater certainty, shall not include any excess or deductibles or any amount over the maximum amount insured under any such insurance policy.