Operating Insurance Sample Clauses

Operating Insurance. Owner shall be responsible for obtaining, on such terms and conditions as Owner and its Financing Parties reasonably deem to be appropriate, "all-risk" property insurance (including "business interruption" coverage) for the Facility for the period commencing with the first to occur of Provisional Acceptance, Interim Acceptance and Final Acceptance (the "Operating Insurance"), and Owner shall use all reasonable efforts to obtain such insurance at the lowest available cost. [*].

Operating Insurance. “Operating Insurance” shall have the meaning set forth in the Power Purchase Agreement.

Operating Insurance. Policies of insurance to be procured and maintained or caused to be procured and maintained by the Operating Agent in accordance with Sections 22 and 23 hereof.

Operating Insurance. 31.1 Unless otherwise specified by the Coordination Committee, during the performance of Operating Work, the Operating Agent shall procure and maintain in force, or cause to be procured and maintained in force, policies of Operating Insurance providing coverage against the following risks, hazards and perils: 31.1.1 Risks covered by the standard form of commercial liability insurance, including bodily injury, personal injury and property damage risk, hazards of automobiles liability, contractual liability, contractor’s protective liability and liability for products and completed operations, in an amount not less than twenty-five million dollars ($25,000,000). 31.1.2 Risks covered by the standard form of “all risk” property insurance providing coverage against all risk of loss, except those risks excluded in the standard form of “all risk” property insurance. Such insurance shall provide boiler and pressure vessel coverage, including reasonable expediting expense. 31.1.3 Risks covered by the standard form of workers’ compensation and employers liability insurance, covering employees of the Operating Agent engaged in the performance of Operating Work, or other compliance by the Operating Agent with requirements of the laws of the State of New Mexico as to such coverage. 31.1.4 Risks covered by the standard form of employee dishonesty bond covering loss of property or funds due to dishonest or fraudulent acts committed by an officer or employee of the Operating Agent. 31.2 Except for Operating Insurance described in Sections 31.1.3 and 31.1.4, each Participant shall be a named insured individually and jointly and in accordance with its Participation Share as established in Section 6. Operating Insurance referred to in Section 31.1.1 shall carry cross-liability coverage. 31.3 In the event that another Participant’s insurance program affords equal or better coverage on a more favorable cost basis than that available to the Operating Agent, the Participants may agree (by separate agreement) that such insurance program may be utilized to afford all or part of the insurance coverage required by Section 31.1. 31.4 The insurance company used, the insurable values, limits, deductibles, retentions and other special terms, covenants and conditions of the Operating Insurance shall be agreed upon by the Coordination Committee. 31.4.1 Any deductibles shall be shared by the Participants in accordance with the percentages established in Section 22.1. 31.5 The Operating Age...

Operating Insurance. Schedule 5.24 of the Sellers' Disclosure Schedule contains a true and complete list and description of all liability, property, workers compensation, directors and officers liability, errors and omissions and other similar insurance Contracts that insure the business, operations, or affairs of each Company or affect or relate to the ownership, use or operations of any of the assets, business or properties of any Company.

Operating Insurance. The insurance that is procured solely for the Connecting Facilities by Operating Agent or the owner of said Connecting Facilities without any cost allocation to the Eldorado Co- Owners.

Operating Insurance. 25 Section 3.20 Regulatory Filings.........................................26 Section 3.21

Operating Insurance. The Borrower shall arrange or cause to be arranged the following coverages which are to be placed into effect at the earlier of the expiration of the build “all risk” insurance policy required under Section 3.1 hereof or completion and handover of the Project to Borrower ensuring that there is no gap in coverage, and shall be maintained in effect at all times until the Security Discharge Date. 4.1 Property / Machinery Breakdown. Property “all risk” insurance on a form acceptable to the Administrative Agent, providing coverage for the Project, on a replacement cost basis (with no deduction for depreciation or coinsurance clause) and for, but not limited to, the perils of fire, lightning, explosion, windstorm, flood and earthquake (including sinkhole and subsidence), terrorism, strike, riot, civil commotion, vandalism and malicious mischief insuring the buildings, structures, machinery, equipment, facilities, fixtures and other properties constituting a part of the Project and property of others, such as grain storage facilities, and rail cars for which the Borrower has responsibility to insure. Sub limits are permitted, but for not less than standard industry practice, for inland transit (for full replacement cost of the single transit), removal of debris/cost of cleanup, offsite storage (for full replacement cost of equipment or product/feedstock in storage), expediting expense, flood (for not less than $100,000,000) and earthquake (for not less than $100,000,000) and such other coverages customarily sub-limited in reasonable amounts consistent with current industry practice with respect to similar risks and acceptable to the Administrative Agent. The Property “all risk” policy shall include, unless provided under a separate policy, machinery breakdown (boiler and machinery) coverage on a “comprehensive” basis with limits of not less than the full replacement cost on all the insured objects. In the event “all risk” property coverage and the machinery breakdown coverage are not written in the same policy, each policy shall contain a joint loss agreement. All such policies shall have deductibles of not greater than $100,000 for physical damage except $250,000 for machinery breakdown and $250,000 for acts of nature (such as flood and earthquake). This coverage shall not include any annual or term aggregate limits of liability or a clause requiring the payment of additional premium to reinstate the limits after a loss except for losses caused by the perils of ...

Operating Insurance. 12.1.1. Owner shall procure all insurance coverage deemed necessary and adequate by Manager (the "Required Coverage"). 12.1.2. The premiums for all insurance obtained in accordance with this Section 12.1 shall be Operating Expenses. 12.1.3. Manager shall be required to provide the following: 12.1.3.1. Prompt reporting of any incident or potential claim on or about the premises; 12.1.3.2. Assist and cooperate in the adjustment of all claims; 12.1.3.3. Implementation and monitoring of all loss control practices as required by Owner or various insurance companies; and 12.1.3.4. Advise Owner of any unsafe conditions or hazards brought to the attention of Manager during the Term of this Agreement.