Operations Period. The Authorisee shall, at its cost and expense, purchase and maintain during the Operations Period insurance to cover the Project Facility for: (i) loss, damage or destruction of the Project Facility at replacement value or full market value (including fire, burglary, standard and special peril); (ii) the Authorizer‟s general liability arising out of the Authorisation; (iii) liability to third parties; and (iv) any other insurance that may be necessary to protect the Authorisee and its employees, including all Force Majeure Events that are insurable and not otherwise covered in items (i) to (iii).
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