Provisions With Respect to Insurance. (a) With respect to the insurance required to be maintained or caused to be maintained by the Facility Lessee under this Section 11, the Facility Lessee will, or will use ---------- reasonable efforts in respect of insurance that it does not directly place, but for which it has benefit, subject to Section 11.6 below, (1) place the insurance ------------ maintained pursuant to this Section 11.3 with companies having an A.M. Best ------------ rating of at least "A-" or, if not so rated, of comparable financial strength, (2) name the Trust Company, the Owner Lessor, the Owner Participant, the Equity Investor, the OP Guarantor and, so long as the Lessor Notes are outstanding and the Lien of the Lease Indenture has not been discharged, the Lease Indenture Trustee and the Pass Through Trustees as additional insureds, as their interests may appear, (3) cause the insurance companies to agree to waive all subrogation rights against, the Owner Lessor, the Owner Participant, the Equity Investor, the OP Guarantor and Lease Indenture Trustee and the Pass Through Trustees, (4) cause such insurance to be primary without right of contribution of any other insurance carried by or on behalf of the Owner Lessor, the Owner Participant, the Equity Investor, the OP Guarantor and, so long as the Lessor Notes are outstanding and the Lien of the Lease Indenture has not been discharged, the Lease Indenture Trustee and the Pass Through Trustees with respect to their respective interests in the Facility and the Facility Site, (5) if any liability insurance required under the provisions of this Section 11 is allowed to be written on a "claims made" basis, then such insurance shall include (i) the retroactive date (as such term is specified in each such policy) shall be no later than the date hereof and (ii) each time any policy written on a "claims made" basis is not renewed or the retroactive date of such policy is changed the Facility Lessee shall obtain or cause to be obtained for each such policy or policies an extended reporting period coverage, or "tail" for three years after the expiration of such policy or policies, and (6) subject to Section 11.7(a), name the Lease Indenture Trustee and the Owner Lessor, as their interests may appear, as loss payee with respect to the property, boiler and machinery insurance.
Provisions With Respect to Insurance. (a) The Facility Lessee will, subject to Section 11.6, place the insurance maintained pursuant to this Section 11 with companies having an A.M. Best rating of at least "A-" or, if not so rated, of comparable financial strength. All insurance policies required to be maintained pursuant to Section 11.2 shall name the Owner Lessor, the Lessor Manager, the Trust Company, the Owner Participant, the sole member of the Owner Participant and any other entity in the chain of ownership up to and including the Equity Investor (so long as the Owner Participant provides the Facility Lessee with the name of each such entity) and, so long as the Lien of the Lease Indenture shall not have been terminated or discharged, the Lease Indenture Trustee (collectively, the "Additional Insured Parties") as additional insureds, as their interests may -------------------------- appear. All insurance policies required to be maintained pursuant to this Section 11 shall also provide for at least 30 days' prior written notice (10 days for non-payment) by the insurance carrier to the Additional Insured Parties in the event of cancellation, non- renewal, termination, expiration or material change. The Facility Lessee will place the insurance required by this Section 11 with insurance companies that agree to waive all claims for premiums from, and all subrogation rights against, the Additional Insured Parties. All the insurance maintained pursuant to this Section 11.3 shall be primary without right of contribution of any other insurance carried by or on behalf of the Additional Insured Parties with respect to their respective interests in the Facility, and the Facility Site.
Provisions With Respect to Insurance. Subject to Section 11.6, the Facility Lessee will place the insurance maintained pursuant to this Section 11 with companies having an
Provisions With Respect to Insurance. 19 Section 11.4 Reports....................................... 20 Section 11.5 Additional Insurance by Facility Lessor....... 20 SECTION 12. INSPECTION................................................... 20 SECTION 13. TERMINATION OPTION FOR BURDENSOME EVENTS..................... 21 Section 13.1 Election to Terminate......................... 21 Section 13.2 Procedure for Exercise of Termination Option.. 22
Provisions With Respect to Insurance. All insurance policies required to be maintained pursuant to the terms hereof shall also provide for at least thirty (30) days prior written notice (ten (10) days if as a result of non-payment) by the insurance carrier to the Additional Insured in the event of cancellation, non-renewal, termination, expiration, reduction in coverage or material change of such insurance policy. Lessee shall place the insurance required by the terms of this Section 11.2 with insurance companies that agree to waive all claims for premiums from, and all subrogation rights against, the Additional Insured. All the insurance maintained pursuant to this Section 11.2 shall be primary without right of contribution of any other insurance carried by or on behalf of the Additional Insured with respect to its interests in the Property.
Provisions With Respect to Insurance. (a) Subject to Section 11.6, the Lessee will place the insurance maintained pursuant to this Section 11 with insurers of recognized reputation, each having an A.M. Best rating of at least "A-,IX" or, if not so rated, of comparable financial strength as an insurer with such a rating. All insurance policies required to be maintained pursuant to Section 11.1 shall name the
Provisions With Respect to Insurance. (a) Subject to Section 11.6, the Facility Lessee will place the insurance maintained pursuant to this Section 11 with companies having an A.M. Best rating of at least "A-" or a comparable rating by S&P or, if not so rated, of comparable financial strength. All insurance policies required to be maintained pursuant to Section 11.2 shall name the Owner Lessor, the Lessor Manager, the Trust Company, the Owner Participant and, so long as the Lien of the Lease Indenture shall not have been terminated or discharged, the Lease Indenture Trustee
