Common use of Separation of Interests Clause in Contracts

Separation of Interests. All policies (other than in respect to liability or workers compensation insurance) shall insure the interests of OPIC regardless of any breach or violation by the Companies or any other Party of warranties, declarations or conditions contained in such policies, any action or inaction of the Companies or others, or any foreclosure relating to the Project or any change in ownership of all or any portion of the Project.

Appears in 2 contracts

Samples: Loan Agreement (Interoil Corp), Loan Agreement (Interoil Corp)

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Separation of Interests. All policies (other than in respect to liability or workers compensation insurance) shall insure the interests of OPIC regardless of any breach or violation by the Companies Borrower or any other Party party of warranties, declarations or conditions contained in such policies, any action or inaction of the Companies Borrower or others, or any foreclosure relating to the Project or any change in ownership of all or any portion of the Project.

Appears in 1 contract

Samples: Finance Agreement (Ormat Technologies, Inc.)

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Separation of Interests. All policies (other than in respect to liability or workers compensation insurance) Insurance Policies shall insure the interests of OPIC regardless of any breach or violation by the Companies Borrower or any other Party party of warranties, declarations or conditions contained in such policiesInsurance Policies, any action or inaction of the Companies Borrower or others, or any foreclosure relating to the Project or any change in ownership of all or any portion of the Project.

Appears in 1 contract

Samples: Finance Agreement (Ormat Technologies, Inc.)

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