Machinery Breakdown Clause Samples

Machinery Breakdown. Coverage: Shall insure against all machinery, plant, boilers and ancillary equipment forming part of the Facility against sudden and unforeseen physical loss or damage resulting from mechanical and electrical breakdown or derangement, explosion or collapse of boilers and pressure vessels, electrical short circuits, vibration misalignment, excessive current or voltage, abnormal stresses, centrifugal forces, failure of protective or regulating devices, overheating, entry of foreign bodies, impact, collision another similar causes. Sum insured: Full replacement value of all machinery, plant, boilers, etc. Insured: The Company, the Lenders and the O&M Contractor.

Machinery Breakdown. Cover: All machinery, plant, boilers and ancillary equipment forming part of the Facility against accidental sudden and unforeseen physical loss or damage resulting from mechanical and electrical breakdown or derangement, explosion or collapse of boilers and pressure vessels, electrical short circuits, vibration, misalignment, excessive current or voltage, abnormal stresses, centrifugal forces, failure of protective regulating devices, overheating, entry of foreign bodies, impact, collision and other similar causes. Sum insured: Full reinstatement values with a limit of indemnity per event equal to the maximum probable loss (as determined in accordance with Prudent Electricity Utility Practice). Deductible: Gas Turbine - $1.5m. Steam Turbine/HRSG Transformers - $750,000 All other losses - $250,000 Insured: The Customer, the Company, its employees, Electricity Supply Board (ESB) and where requested by the Company its agents, contractors and sub-contractors. Review: On the Operational Date, and on each anniversary thereof, to reflect an appropriate sum insured in accordance with Prudent Electricity Utility Practice. To: EirGrid plc. [Date] ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ Dear Sirs Connection Charge Bond Issued pursuant to the Connection Agreement in the amount of €[ ] Under the Connection Agreement for a Facility at [ ] between EirGrid plc. (the “Company”) which includes its legal successors and any person to whom the Company assigns or transfers all its rights and obligations under the Connection Agreement and [ ] (the "Customer"), which expression includes its legal successors and any person to whom the Customer assigns or transfers all its rights and obligations under the Connection Agreement) it was agreed that the Customer will procure the issue of a Connection Charge Bond in favour of the Company in the form of this document. [ ] (the "Issuer") issues this Connection Charge Bond, number [ ], and irrevocably and unconditionally agrees as follows:

Machinery Breakdown. Cover: All machinery, Generator and ancillary equipment forming part of the Generator against sudden and unforeseen physical loss or damage resulting from mechanical and electrical breakdown or derangement, electrical short circuits, vibration, misalignment, excessive current or voltage, abnormal stresses, centrifugal forces, failure of protective or regulating devices, impact, collision and other similar causes.

Machinery Breakdown. Coverage shall insure against all machinery, plant and ancillary equipment forming part of the Inspection Stations against sudden and unforeseen physical loss or damage resulting from mechanical and electrical breakdown or derangement, explosion or collapse, electrical short circuits, vibration, abnormal stresses, failure of protective or regulating devices, overheating, entry of foreign bodies, impact, collision and other similar causes.

Machinery Breakdown. Electrical & or machinery breakdown of any machinery or other equipment resulting in costly repairs or even replacement of the solar panel.

Machinery Breakdown. You are insured for accidental loss of any machine from mechanical or electrical breakdown, derangement or failure. The most we will pay under this extension is $10,000 any one event, and in total during the period of insurance. This sub-limit applies to the combined Material Damage loss covered under this policy and the business interruption loss covered under your business interruption policy. This extension does not provide cover for loss to lighting or heating elements, fuses or protective devices, or electrical contacts where sparking or arcing occurs as part of its normal function. For the purpose of this extension the following definitions apply: “breakdown “ The actual stopping or failing of the machine due solely to internal stress or a fault in the machinery whilst in use and not by any cause external to the affected machine. Policy Exclusion Damage to Machinery does not apply to the cover provided under this optional extension. You are insured for natural disaster damage to insured property. The excesses shown in the schedule will apply to the aggregate of:

Machinery Breakdown. Cover: All machinery, plant and ancillary equipment forming part of the Plant against sudden and unforeseen physical loss or damage resulting from mechanical and electrical breakdown or derangement, explosion or collapse of pressure vessels, electrical short circuits, vibration, misalignment, excessive current or voltage, abnormal stresses, centrifugal forces, failure of protective or regulating devices, overheating, entry of foreign bodies, impact, collision and other similar causes. Sum insured: Full replacement value of all machinery, plant, boilers, etc. Deductible: US$ [ ] each loss. Insured: Seller and its lenders; Purchaser shall be named as an additional insured as its interest may appear.

Machinery Breakdown. You are insured for machinery breakdown of any machine that has (i) a pre-breakdown value not greater than $25,000, or (ii) the amount shown in the schedule.

Machinery Breakdown. Cover: All machinery, plant and ancillary equipment forming part of the Plant against sudden and unforeseen physical loss or damage resulting from mechanical and electrical breakdown or derangement, explosion or collapse of pressure vessels, electrical short circuits, vibration, misalignment, excessive current or voltage, abnormal stresses, centrifugal forces, failure of protective or regulating devices, overheating, entry of foreign bodied, impact, collision and other similar causes. Sum Insured: Full replacement value of all machinery, plant, boilers, etc. Deductible: US$ 10,000 each loss.