Common use of Prohibited Exclusions Clause in Contracts

Prohibited Exclusions. The insurance policy shall not contain any (i) coinsurance provisions, (ii) exclusion for loss or damage resulting from freezing and mechanical breakdown, (iii) exclusion for loss or damage covered under any guarantee or warranty arising out of an insured peril, (iv) exclusion for resultant damage caused by ordinary wear and tear, gradual deterioration, normal subsidence, settling, cracking, expansion or contraction and faulty workmanship, design or materials no more restrictive than the LEG 3/96 or DE-5 exclusion.

Appears in 19 contracts

Samples: Escrow Agreement, Epc Agreement (NextDecade Corp.), Epc Agreement (NextDecade Corp.)

AutoNDA by SimpleDocs

Prohibited Exclusions. The insurance policy shall not contain any (i) coinsurance provisions, (ii) exclusion for loss or damage resulting from freezing and mechanical breakdown, (iii) exclusion for loss or damage covered under any guarantee or warranty arising out of an insured peril, (iv) exclusion for resultant damage caused by ordinary wear and tear, gradual deterioration, normal subsidence, settling, cracking, expansion or contraction and faulty workmanship, design or materials no more restrictive than the LEG 3/96 32/96 or DE-5 exclusion.

Appears in 1 contract

Samples: Tellurian Inc. /De/

AutoNDA by SimpleDocs

Prohibited Exclusions. The insurance policy shall not contain any (i) coinsurance provisions, (ii) exclusion for loss or damage resulting from freezing and freezing, mechanical breakdown, (iii) exclusion for loss or damage property covered under any guarantee or warranty arising out of an insured peril, or (iv) exclusion for resultant damage caused by ordinary wear and tear, gradual deterioration, normal subsidence, settling, cracking, expansion or contraction and contraction, faulty workmanship, design or materials no more restrictive than the LEG 3/96 or DE-5 exclusionmaterials.

Appears in 1 contract

Samples: Consent and Agreement (Phelps Dodge Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!