OCIP Coverage Amounts Sample Clauses

OCIP Coverage Amounts. The OCIP coverages will be set forth in full in the respective policy forms, the following description of such coverage is not intended to be all- inclusive, nor alter or amend any provision of the actual policies. In matters, if any, in which the said description may be conflicting with the actual policy language, the provisions of the insurance policies shall govern. Subject to the exclusions, limitations, terms and conditions of the policies, OCIP coverage shall be as follows: $4,000,000 general aggregate limit and $4,000,000 products/completed operations aggregate limit. A separate single limit shall apply to the entire five (5) year term beyond the expiration or cancellation of the date of the policy for the “completed operations extension” for all insureds combined as follows: $2,000,000 each occurrence limit and $4,000,000 products-completed operations aggregate limit. Coverage shall apply to bodily injury and property damage for operations (including explosion, collapse and underground coverage), elevators, independent contractors, contractual liability for “insured contracts” and covered personal and advertising injury liability offenses. The OCIP policy includes the following terms: - Products completed operations extension for ten (10) years or the applicable statute of repose, whichever is less, after Xxxx Ex Final Completion. - General aggregate limit reinstates annually. - Products/completed operations aggregate limit applies once to entire completed operations term. - Limits are shared among all enrolled parties.
Sample 1
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OCIP Coverage Amounts. The OCIP coverages will be set forth in full in the respective policy forms, the following description of such coverage is not intended to be all-inclusive, nor alter or amend any provision of the actual policies. In matters, if any, in which the said description may be conflicting with the actual policy language, the provisions of the insurance policies shall govern. Subject to the exclusions, limitations, terms and conditions of the policies, OCIP coverage shall be as follows:
Sample 1

Related to OCIP Coverage Amounts

  • Continuing Coverage If a letter of assurance is obtained from any insurer under a Hazard Insurance policy or a Flood Insurance policy that the insurance coverage shall continue in full force and effect, the Servicer shall deposit such letter in the appropriate Servicer Mortgage Loan File.

  • Interest Coverage The Company will not permit the ratio of Consolidated Adjusted EBITDA to Consolidated Interest Expense (in each case for the Company’s then most recently completed four fiscal quarters) to be less than 2.50 to 1.00 at any time.

  • Basic Coverage Contractor shall provide and maintain at the JBE’s discretion and Contractor’s expense the following insurance during the Term:

  • Exclusions from Coverage The Long-Term Disability Plan does not cover total disabilities resulting from: A) war, insurrection, rebellion, or service in the armed forces of any country; B) voluntary participation in a riot or civil commotion, except while an employee is in the course of performing the duties of her regular occupation; C) intentionally self-inflicted injuries or illness.

  • Minimum Interest Coverage The Borrower will not permit the ratio of EBITDA to Consolidated Interest Expense as at any fiscal quarter end for the four fiscal quarters then ending to be less than 3.00 to 1.0.

  • Benefit Coverage The Company agrees to provide pension and welfare benefits as described in the Company Booklets, benefit plan documents or policies of insurance for the duration of the Agreement.

  • Dental Coverage Each employee covered by this agreement shall be eligible to participate in the City's dental program.

  • Basic Coverages Subd. 1. Faculty

  • Contribution Formula Dental Coverage Faculty Member Coverage. For faculty member dental coverage, the Employer contributes an amount equal to the lesser of ninety percent (90%) of the faculty member premium of the State Dental Plan, or the actual faculty member premium of the dental plan chosen by the faculty member. However, for calendar years beginning January 1, 2006, and January 1, 2007, the minimum employee contribution shall be five dollars ($5.00) per month.

  • Special Coverages Tenant shall carry “Builder’s All Risk” insurance in an amount approved by Landlord covering the construction of the Tenant Improvements, and such other insurance as Landlord may require, it being understood and agreed that the Tenant Improvements shall be insured by Tenant pursuant to the Lease immediately upon completion thereof. Such insurance shall be in amounts and shall include such extended coverage endorsements as may be reasonably required by Landlord, and in form and with companies as are required to be carried by Tenant as set forth in the Lease.

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