Common use of Seller’s Insurance Clause in Contracts

Seller’s Insurance. 15.5.1 Seller shall obtain and maintain or cause to be obtained and maintained: (a) insurance for the Driftwood LNG Terminal to the extent required by Applicable Law, and (b) additional insurance, as is reasonably necessary, against such other risks and at such levels as a Reasonable and Prudent Operator of a liquefaction terminal would obtain. 15.5.2 Seller shall obtain or cause to be obtained the insurance required by Section 15.5.1 from a reputable insurer (or insurers) reasonably believed to have adequate financial reserves. Seller shall exercise its best efforts, or shall cause the applicable insured Person to use its best efforts, to collect any amount due under such insurance policies.

Seller’s Insurance. 15.5.1 Seller shall obtain and maintain or cause to be obtained and maintained: (a) insurance for the Driftwood LNG Terminal to the extent required by Applicable Law, and (b) additional insurance, as is reasonably necessarynecessary and available on reasonable commercial terms, against such other risks and at such levels as a Reasonable and Prudent Operator of a liquefaction terminal would obtain. 15.5.2 Seller shall obtain or cause to be obtained the insurance required by Section 15.5.1 from a reputable insurer (or insurers) reasonably believed to have adequate financial reserves. Seller shall exercise its best efforts, or shall cause the applicable insured Person to use its best efforts, to collect any amount due under such insurance policies.

Seller’s Insurance. 15.5.1 Seller shall obtain and maintain or cause to be obtained and maintained: (a) insurance for the Driftwood LNG Terminal to the extent required by Applicable Law, and (b) additional insurance, as is reasonably necessarynecessary and available on reasonable commercial terms, against such other risks and at such levels as a Reasonable and Prudent Operator of a liquefaction terminal would obtain. 15.5.2 Seller shall obtain or cause to be obtained the insurance required by Section 15.5.1 ‎15.5.1 from a reputable insurer (or insurers) reasonably believed to have adequate financial reserves. Seller shall exercise its best efforts, or shall cause the applicable insured Person to use its best efforts, to collect any amount due under such insurance policies.

Seller’s Insurance. 15.5.1 Seller shall obtain and maintain or cause to be obtained and maintained: (a) insurance for the Driftwood LNG Terminal to the extent required by Applicable Law, andand 84 (b) additional insurance, as is reasonably necessary, against such other risks and at such levels as a Reasonable and Prudent Operator of a liquefaction terminal would obtain. 15.5.2 Seller shall obtain or cause to be obtained the insurance required by Section 15.5.1 from a reputable insurer (or insurers) reasonably believed to have adequate financial reserves. Seller shall exercise its best efforts, or shall cause the applicable insured Person to use its best efforts, to collect any amount due under such insurance policies.

Seller’s Insurance. 15.5.1 Seller shall obtain and maintain or cause to be obtained and maintained: (a) insurance for the Driftwood LNG Terminal Corpus Christi Facility to the extent required by Applicable Law, and (b) additional insurance, as is reasonably necessarynecessary and available on reasonable commercial terms, against such other risks and at such levels as a Reasonable and Prudent Operator of a liquefaction terminal would obtain. 15.5.2 Seller shall obtain or cause to be obtained the insurance required by Section 15.5.1 from a reputable insurer (or insurers) reasonably believed to have adequate financial reserves. Seller shall exercise its best efforts, or shall cause the applicable insured Person to use its best efforts, to collect any amount due under such insurance policies.