Project Insurance. (a) The Borrower covenants that it will carry and maintain or cause to be carried and maintained, and pay, or cause to be paid, the premiums for at least the following insurance with respect to the Project and such other insurance as the Significant Bondholder and the Financial Monitor may reasonably request covering risks as are customarily insured against in connection with the operation of facilities comparable in size and scope of services to the Project at the time plus law and ordinance insurance in an amount of at least $250,000 (or property insurance covering increased cost due to law and ordinance):
(i) Insurance against loss or damage from fire, lightning, windstorm, hurricane, hail, seismic event, explosion (but not including “Act of War”), terrorism, riot, riot attending a strike, civil commotion, aircraft, vehicles, smoke, vandalism and malicious mischief insurance in an amount not less than the full replacement cost of the Project;
(ii) Insurance coverage of boilers, pressure vessels, auxiliary piping and selected machinery objects (pumps and compressors), in an amount not less than the replacement value of such property;
(iii) Commercial general liability insurance, in the minimum amounts of $1,000,000 for each occurrence with a general aggregate limit of $2,000,000;
(iv) Comprehensive automobile liability insurance in the minimum amount of $1,000,000 for each accident for bodily injury and property damage combined if the Borrower shall own or operate any automobiles or other vehicles;
(v) Workers’ compensation coverage and any other similar type of insurance required by the laws of the State;
(vi) Fidelity bonds in a minimum amount of $100,000 (or crime and employee dishonesty coverage in the amount of $100,000) on the Manager and all officers, employees, agents and contractors of the Manager who have access to or custody of revenues, receipts or income from the Project or any funds of the Borrower;
(vii) Business income including extra expense insurance, covering loss of revenues by reason of the total or partial suspension of, or interruption in, the operation of the Project caused by the damage to or destruction of any part of the Project, with such exceptions as are customarily imposed by insurers covering a period of suspension or interruption and in such amount as will provide revenues equal to the Maximum Annual Debt Service for the Bonds together with the amount required to pay necessary Operating Expenses for the ensuing 12 months;...
Project Insurance. Develop and recommend project insurance strategy through the evaluation of available alternatives and the review of successful approaches deployed elsewhere. When the need arises, prepare RFP for the solicitation of wrap-up insurance and manage the contract.
Project Insurance. 22.1 Unless otherwise specified by the Administrative Committee, during the performance of Construction Work, the Project Manager shall, subject to the provisions hereof, procure and maintain in force, or cause to be procured and maintained in force, so as to be effective not later than the date on which the Project Manager shall first incur a risk of loss, damage or liability, Construction Insurance for the following casualty, property, and surety exposures.
Project Insurance. Policies of insurance to be procured and maintained in accordance with Section 21 hereof.
Project Insurance. Construction Insurance and Operating Insurance.
Project Insurance. The Company shall purchase and maintain, or shall cause to be purchased and maintained, the policies of insurance determined by the Executive Committee.
Project Insurance. RAPID RESPONSE FUND 63
Project Insurance. 11.1.1 Plaintiffs shall obtain and maintain in force the following policies of insurance for the Project or obtain additional insured status on policies offered by the Resin Service Contract Vendor throughout the first thirty years of operation of the Project (including any renewals with same or substantially similar coverage):
Project Insurance. Unless otherwise specified by the Administrative Committee for the ANPP Switchyard 7 during the performance of Operating Work or Capital Improvements, the Operator 8 shall procure and maintain in force, or cause to be procured and maintained in force, 9 so as to be effective not later than the date on which the Operator shall first incur a 10 risk of loss, damage or liability, insurance for the following casualty, automobile, 11 property, and surety exposures.
Project Insurance. In addition to any other insurance required under this Agreement, Recipient must ensure that the real property and improvements (collectively, the “Property”) related to the Grant Activities is insured against liability and risk of direct physical loss, damage or destruction in types and amounts at least to the extent that similar insurance is customarily carried by entities developing, constructing, and maintaining similar property and facilities. Types and amounts of insurance may include, but are not limited to: workers’ compensation insurance, commercial general liability, auto liability (including necessary coverage if transporting hazardous material), professional liability (including professional liability for the design, architecture, and engineering of the Property), pollution liability (including necessary lead and/or asbestos coverage), and builder’s risk insurance. Insurance shall be maintained until the Recipient no longer has an insurable interest in the Property.
