Operating Insurance. Policies of insurance secured or to be secured and maintained in accordance with Section 31.
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. 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. 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. 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. 18 Section 4.20 Regulatory Filings.........................................19 Section 4.21
Operating Insurance. Schedule 3.24 of the Disclosure Schedule of Seller contains a true and complete list and description of all liability, property, workers compensation, directors and officers liability and other similar insurance contracts that insure the business, operations, or affairs of each of the Companies or affect or relate to the ownership, use or operations of any of the assets or properties of the Company.
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 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 Builders Risk Policy or completion and handover of the Plant to Borrower ensuring that there is no gap in coverage, and shall be maintained in effect at all times until the Termination Date.
