Estimated Maximum Loss definition
Estimated Maximum Loss means the estimated maximum loss arising from the worst case credible scenario that could be expected to affect the Works as determined in accordance with Schedule Part 5;
Examples of Estimated Maximum Loss in a sentence
Within 5 days of the date of this Lease, the Tenant shall select an EML Consultant to perform an EML Study in order to derive the Estimated Maximum Loss and shall notify the Landlord of its selection in writing for the Landlord’s approval (such approval not to be unreasonably withheld or delayed).
Such insurance shall have limits not less than the Estimated Maximum Loss of the Project and shall include coverage for Three Million Dollars ($3,000,000) for extra expense which would be incurred by the Partnership in supplying an alternate source of steam to Phil▇▇▇▇ ▇▇ the event such steam was not available from the Project.