Common use of Property Insured Clause in Contracts

Property Insured. All real and personal property of every kind, nature and description except as may hereafter be excluded including but not limited: • All property in which the Insured has an insurable interest including but not limited to property owned, used, leased or intended for use by the Insured, or hereafter constructed, erected, installed, or acquired. In the event of loss or damage, the Insurers agree to accept and consider the Insured as sole and unconditional owner of improvements and betterments, notwithstanding any contract or leases to the contrary. • All property of other’s in the Insured’s care, custody and control and / or for which they may be legally liable and / or under an obligation and /or has assumed responsibility to provide insurance. • All property which is required to be specifically insured by reason of any statute.

Appears in 2 contracts

Samples: Credit Agreement (Novelis Inc.), Credit Agreement (Novelis Inc.)

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Property Insured. All real and personal property of every kind, nature and description except as may hereafter be excluded including but not limitedlimited to: § All property in which the Insured has an insurable interest including but not limited to property owned, used, leased or intended for use by the Insured, or hereafter constructed, erected, installed, or acquired. In the event of loss or damage, the Insurers agree to accept and consider the Insured as sole and unconditional owner of improvements and betterments, notwithstanding any contract or leases to the contrary. § All property of other’s others in the Insured’s care, custody and control and / or and/or for which they the Insured may be legally liable and / or and/or under an obligation and /or and/or has assumed responsibility to provide insurance. § All property which is required to be specifically insured by reason of any statute.

Appears in 2 contracts

Samples: Credit Agreement (Novelis South America Holdings LLC), Credit Agreement (Novelis South America Holdings LLC)

Property Insured. All real and personal property of every kind, nature and description except as may hereafter be excluded including but not limited: All property in which the Insured has an insurable interest including but not limited to property owned, used, leased or intended for use by the Insured, or hereafter constructed, erected, installed, or acquired. In the event of loss or damage, the Insurers agree to accept and consider the Insured as sole and unconditional owner of improvements and betterments, notwithstanding any contract or leases to the contrary. All property of other’s in the Insured’s care, custody and control and / or for which they may be legally liable and / or under an obligation and /or has assumed responsibility to provide insurance. All property which is required to be specifically insured by reason of any statute.

Appears in 1 contract

Samples: Credit Agreement (Novelis Inc.)

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Property Insured. All real and personal property of every kind, nature and description except as may hereafter be excluded including but not limitedlimited to: • All property in which the Insured has an insurable interest including but not limited to property owned, used, leased or intended for use by the Insured, or hereafter constructed, erected, installed, or acquired. In the event of loss or damage, the Insurers agree to accept and consider the Insured as sole and unconditional owner of improvements and betterments, notwithstanding any contract or leases to the contrary. • All property of other’s others in the Insured’s care, custody and control and / or and/or for which they the Insured may be legally liable and / or and/or under an obligation and /or and/or has assumed responsibility to provide insurance. • All property which is required to be specifically insured by reason of any statute.

Appears in 1 contract

Samples: Joinder Agreement (Novelis Inc.)

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