Property All Risk Insurance. From and after the date the Commercial Operation Date, the Managing Member shall maintain, or cause to be maintained, operational property insurance on an “all risk basis” including earthquake, flood, and wind perils, machinery breakdown (including resulting damage from design defects, and faulty workmanship or materials), inland and ocean transit (unless provided under a separate all-risk transit policy for property and equipment noted above under Section 1.1(f), inland transit, and business interruption in an amount equivalent to not less than 12 months of lost profits (including the loss of production tax credits, grossed up for taxes, and renewable energy credits, as applicable) plus debt service and other continuing project expenses and other customary coverages, contingent business interruption in an amount of not less than $5,000,000. Coverage shall be maintained with limits, sublimits, aggregates, deductibles and other terms and conditions consistent with industry practice. Coverage shall include equipment that has not yet been Placed in Service.
Property All Risk Insurance. Seller shall procure and maintain an All Risk Physical Damage policy to insure the full replacement value of the property located at Facility as described in this Agreement. The policy shall include coverage for expediting expense, extra expense, Business Interruption, ensuing loss from faulty workmanship, faulty materials, or faulty design. This policy shall be in full force and effect following the expiration of the Builder’s Risk Policy. APPENDIX G TO POWER PURCHASE AGREEMENT, DATED AS OF DECEMBER 31, 0000 XXXXXXX XXXXXXXX XXXXXXXXXX PUBLIC POWER AUTHORITY AND ORNI 47 LLC FORM OF GUARANTEE This Guarantee dated as of [ ] is made by [ ] (the “Guarantor”) in favor of SOUTHERN CALIFORNIA PUBLIC POWER AUTHORITY, a joint powers authority created under the laws of the State of California (the “Beneficiary”).
Property All Risk Insurance. Seller shall procure and maintain an All Risk Physical Damage policy to insure the full replacement value of the property located at Facility as described in this Agreement. The policy shall include coverage for expediting expense, extra expense, Business Interruption, ensuing loss from faulty workmanship, faulty materials, and/or faulty design. This policy shall be in full force and effect prior to the expiration of the Builder’s Risk Policy. APPENDIX G FORM OF GUARANTEE This Guarantee dated as of [ ] is made by [ ] (the “Guarantor”) in favor of SOUTHERN CALIFORNIA PUBLIC POWER AUTHORITY, a joint powers authority created under the laws of the State of California (the “Beneficiary”).
Property All Risk Insurance. Seller shall procure and maintain an All Risk Physical Damage policy to insure the full replacement value of the property located at Facility as described in this Agreement. The policy shall include coverage for expediting expense, extra expense, Business Interruption, ensuing loss from faulty workmanship, faulty materials, or faulty design. This policy shall be obtained and placed in full force and effect prior to the expiration of the Builder’s Risk Policy. This policy shall have the same insureds, and all losses shall be payable in the same manner, as provided for the Builders’ Risk Policy in Paragraph II.E.
Property All Risk Insurance. Upon the earlier of COD or expiration of the builders risk coverage required in (g) above and throughout the term of this agreement the Lessee shall maintain for the Project and any other Collateral assets until such time as the Lessor’s obligations under the Financing Documents have been fully discharged, operational property insurance an “all-risk” basis including without limitation earthquake, flood, and wind perils, machinery breakdown (including resulting damage from design defects and faulty workmanship or materials), inland transit (unless provided under a separate all-risk transit policy for property and equipment noted above under paragraph (f)), and off-site storage (unless provided under a separate all-risk property policy for equipment in storage), subject to the following:
Property All Risk Insurance. Seller shall procure and maintain an All Risk Physical Damage policy to insure the full replacement value of the property located at Facility as described in this Agreement. The policy shall include coverage for expediting expense, extra expense, Business Interruption, ensuing loss from faulty workmanship, faulty materials, or faulty design. APPENDIX G TO POWER PURCHASE AGREEMENT, DATED AS OF OCTOBER 20, 0000 XXXXXXX XXXXXXXX XXXXXXXXXX PUBLIC POWER AUTHORITY AND ONGP LLC FORM OF GUARANTEE This Guarantee dated as of [_____________] is made by [_______________] (the “Guarantor”) in favor of SOUTHERN CALIFORNIA PUBLIC POWER AUTHORITY, a joint powers authority created under the laws of the State of California (the “Beneficiary”).
Property All Risk Insurance a. all risk property and machinery breakdown insurance, including business interruption on at least industry standard policy form
Property All Risk Insurance. To be maintained at all times on operating assets (except underground pipelines and other assets as may be agreed by OPIC) written on a replacement cost basis of settlement and including Machinery Breakdown, Business Interruption and Contingent Business Interruption with terms, conditions, deductibles, sublimit and aggregated sub limits acceptable to OPIC on the advice of the insurance consultant but in any event at a minimum as follows:
Property All Risk Insurance. Cover: All assets comprising the Project, including but not limited to, buildings and their contents, machinery, stock, fixtures, fittings and all other personal property, against “all risks” of physical loss or damage, including machinery breakdown, as described within the policy wording.
Property All Risk Insurance. Seller shall procure and maintain or cause to be procured and maintained an All Risk Physical Damage policy to insure the full replacement value of the property located at Facility as described in this Agreement. The policy shall include coverage for boiler and machinery breakdown, earthquake, flood, expediting expense, extra expense, Business Interruption, ensuing loss from faulty workmanship, faulty materials, and/or faulty design. This policy shall incept in full force and effect as of the date of Final Completion. This policy shall name Buyer as an additional insured, and all losses shall be payable in the same manner, as provided for the Builders’ Risk Policy in Paragraph E. APPENDIX G TO THE POWER PURCHASE AGREEMENT BETWEEN SOUTHERN CALIFORNIA PUBLIC POWER AUTHORITY AND MILFORD WIND CORRIDOR PHASE II, LLC REMAINING PREPAYMENT AMOUNT Remaining Prepayment Amount Contract Year (assuming 4,467,600 MWh) 0.5 $ 209,980,000 1 $ 206,505,000 1.5 $ 202,960,000 2 $ 199,345,000 2.5 $ 195,655,000 3 $ 191,890,000 3.5 $ 188,050,000 4 $ 184,135,000 4.5 $ 180,140,000 5 $ 176,065,000 5.5 $ 171,910,000 6 $ 167,670,000 6.5 $ 163,345,000 7 $ 158,935,000 7.5 $ 154,440,000 8 $ 149,855,000 8.5 $ 145,175,000 9 $ 140,405,000 9.5 $ 135,535,000 10 $ 130,570,000 10.5 $ 125,505,000 11 $ 120,340,000 11.5 $ 115,070,000 12 $ 109,695,000 12.5 $ 104,215,000 13 $ 98,625,000 13.5 $ 92,920,000 14 $ 87,105,000 14.5 $ 81,170,000 15 $ 75,120,000 Remaining Prepayment Amount Contract Year (assuming 4,467,600 MWh) 15.5 $ 68,945,000 16 $ 62,650,000 16.5 $ 56,225,000 17 $ 49,675,000 17.5 $ 42,995,000 18 $ 36,180,000 18.5 $ 29,230,000 19 $ 22,140,000 19.5 $ 14,905,000 20 $ 7,525,000 XXXXXXXX X TO THE POWER PURCHASE AGREEMENT BETWEEN SOUTHERN CALIFORNIA PUBLIC POWER AUTHORITY AND MILFORD WIND CORRIDOR PHASE II, LLC CIRCLE FOUR LEASE [financial terms redacted] THIS AMENDED AND RESTATED LAND LEASE AGREEMENT (this “Lease”) is made effective as of February 22, 2007 (the “Effective Date”), between Circle Four LLC, a Delaware limited liability company with an address at 000 Xxxxx Xxxx Xxxxxx, XX. Xxx 000, Xxxxxxx, XX 00000 (together with its successors and assigns, the “Lessor”), and Milford Wind Corridor Phase II, LLC, a Delaware limited liability company with an address c/o First Wind Energy, LLC, 00 Xxxxx Xxxxxx, Suite 305, Newton, MA 02459 (together with its successors and assigns, the “Lessee”). Lessor and Lessee are at times collectively referred to herein as the “Parties” or individually as a “Par...
