Common use of Coverage Required Clause in Contracts

Coverage Required. Within 30 days of the Effective Date, AP shall pay all costs and/or premiums, for policies of insurance, providing coverage against third party claims relating to the Facilities, including the Property, with a carrier approved in the State of Louisiana and rated by AM Best or a similar agency not lower than “A-” with a surplus size of “VII or higher.” The policies of insurance shall be maintained in full force until the termination or expiration of this Agreement and continuing until all obligations are fulfilled. Such commercial general liability policies shall name the State as an additional insured. Such policies of insurance shall be subject to the terms and conditions of the policies and shall have the following limits: A. For bodily injury, One Million ($1,000,000) Dollars per occurrence, with a Two Million ($2,000,000) Dollars aggregate. B. For property damage which is not considered to be environmental damage, One Million ($1,000,000) Dollars per occurrence, with a Two Million ($2,000,000) Dollars aggregate. C. For environmental damage, Ten Million Dollars ($10,000,000) for each occurrence.

Coverage Required. Within 30 thirty (30) days of the Effective Date, AP Operator shall pay all costs and/or premiums, for policies of insurance, providing coverage against third party claims relating to the Facilities, including the Property, with a carrier approved in the State of Louisiana and rated by AM Best or a similar agency not lower than “A-” with a surplus size of “VII or higher.” The policies of insurance shall be maintained in full force until the termination or expiration of this Agreement and continuing until all obligations are fulfilled. Such commercial general liability policies shall name the State as an additional insured. Such policies of insurance shall be subject to the terms and conditions of the policies and shall have the following limits: A. For bodily injury, One Million ($1,000,000) Dollars per occurrence, with a Two Million ($2,000,000) Dollars aggregate. B. For property damage which is not considered to be environmental damage, One Million ($1,000,000) Dollars per occurrence, with a Two Million ($2,000,000) Dollars aggregate. C. For environmental damage, Ten Million Dollars ($10,000,000) for each occurrence.

Coverage Required. Within 30 days of the Effective Date, AP Operator shall pay all costs and/or premiums, for policies of insurance, providing coverage against third party claims relating to the Windpower Facilities, including the Property, with a carrier approved in the State of Louisiana and rated by AM Best or a similar agency not lower than “A-” with a surplus size of “VII or higher.” The policies of insurance shall be maintained in full force until the termination or expiration of this Agreement and continuing until all obligations are fulfilled. Such commercial general liability policies shall name the State as an additional insured. Such policies of insurance shall be subject to the terms and conditions of the policies and shall have the following limits: A. a) For bodily injury, One Million ($1,000,000) Dollars per occurrence, with a Two Million ($2,000,000) Dollars aggregate. B. b) For property damage which is not considered to be environmental damage, One Million ($1,000,000) Dollars per occurrence, with a Two Million ($2,000,000) Dollars aggregate. C. c) For environmental damage, Ten Million Dollars ($10,000,000) for each occurrence.

Coverage Required. Within 30 thirty (30) days of the Effective Date, AP Operator shall pay all costs and/or premiums, for policies of insurance, providing coverage against third party claims relating to the Facilities, including the Property, with a carrier approved in the State of Louisiana and rated by AM Best or a similar agency not lower than “A-” with a surplus size of “VII or higher.” The policies of insurance shall be maintained in full force until the termination or expiration of this Agreement and continuing until all obligations are fulfilled. Such commercial general liability policies shall name the State as an additional insured. Such policies of insurance shall be subject to the terms and conditions of the policies and shall have the following limits: A. For bodily injury, One Million Dollars ($1,000,000) Dollars per occurrence, with a Two Million Dollars ($2,000,000) Dollars aggregate. B. For property damage which is not considered to be environmental damage, One Million Dollars ($1,000,000) Dollars per occurrence, with a Two Million Dollars ($2,000,000) Dollars aggregate. C. For environmental damage, Ten Million Dollars ($10,000,000) for each occurrence.

Coverage Required. Within 30 days of the Effective Date, AP Operator shall pay all costs and/or premiums, for policies of insurance, providing coverage against third party claims relating to the Facilities, including the Property, with a carrier approved in the State of Louisiana and rated by AM Best or a similar agency not lower than “A-” with a surplus size of “VII or higher.” The policies of insurance shall be maintained in full force until the termination or expiration of this Agreement and continuing until all obligations are fulfilled. Such commercial general liability policies shall name the State as an additional insured. Such policies of insurance shall be subject to the terms and conditions of the policies and shall have the following limits: A. For bodily injury, One Million ($1,000,000) Dollars per occurrence, with a Two Million ($2,000,000) Dollars aggregate. B. For property damage which is not considered to be environmental damage, One Million ($1,000,000) Dollars per occurrence, with a Two Million ($2,000,000) Dollars aggregate. C. For environmental damage, Ten Million Dollars ($10,000,000) for each occurrence.