PERILS INSURED. All Risks of direct physical loss or damage by any cause whatsoever, including potline freeze up (smelters), Machinery Breakdown, Earthquake and Flood, to the Property Insured, except as may hereafter be excluded. US $750,000,000 EACH AND EVERY OCCURRENCE Combined for Property Damage, including Machinery Breakdown and Business Interruption excess of the DEDUCTIBLE LEVELS and subject to the following ground-up sub-limits, where applicable, as described below: Contingent Business Interruption and Contingent Extra Expense (Direct Suppliers and/or Customers) $ $ 200,000,000 25,000,000 each and every occurrence for BI, except each and every occurrence for BI emanating from earthquake in the New Madrid zone. Course of Construction $ 100,000,000 each and every occurrence combined for PD & BI including Advance loss of Profits. Debris Removal $ 100,000,000 each and every occurrence for PD or 25% of the loss, whichever is greater. Decontamination Expenses $ 50,000,000 each and every occurrence for PD. Defense Costs $ 5,000,000 each and every occurrence combined for PD & BI. Demolition and Increased Cost of Construction $ 100,000,000 each and every occurrence for PD. Earthquake $ 750,000,000 each and every occurrence combined for PD & BI and in the annual aggregate, except $ 500,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for Italy. $ 300,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for China. $ 300,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for Mexico. $ 100,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for Chile. $ 100,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for Columbia. $ 100,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for Guam. $ 100,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for Indonesia. $ 100,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for Israel. $ 100,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for Peru. $ 100,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for Portugal. $ 100,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for Taiwan. $ 100,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for Turkey. $ 100,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for Venezuela. $ 50,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for New Madrid (sub-limit does not apply to the ▇▇▇▇▇ facility). $ 50,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for Pacific Northwest. $ 50,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for Philippines. $ 25,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for California. This sub-limit applies on a cumulative basis for all coverage triggered by earthquake in this zone. $ 25,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for Japan. This sub-limit applies on a cumulative basis for all coverage triggered by earthquake in this zone. $ 25,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for New Zealand. This sub-limit applies on a cumulative basis for all coverage triggered by earthquake in this zone. Expediting Expense $ 200,000,000 combined each and every occurrence for PD & BI. Extra Expense $ 200,000,000 combined each and every occurrence for PD & BI. Fine Arts $ 25,000,000 each and every occurrence for PD. Fire Fighting Expenses $ 25,000,000 each and every occurrence for PD. Flood $ 750,000,000 each and every occurrence combined for PD & BI and in the annual aggregate, except $ 100,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for properties situated in a 100 year flood plain. $ 100,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for flood in the Netherlands. Interruption By Civil or Military Authority $ 100,000,000 each and every occurrence for BI or 30 consecutive days, whichever is less. Interruption of Ingress and/or Egress $ 100,000,000 each and every occurrence for BI or 30 consecutive days, whichever is less. Impounded Water $ 100,000,000 each and every occurrence for PD & BI. Land and Water Contaminant or Pollutant Cleanup, Removal and Disposal $ 1,000,000 each and every occurrence for PD. Leasehold Interest $ 100,000,000 each and every occurrence for BI. Neighbour’s Recourse Liability $ 25,000,000 each and every occurrence combined for PD and BI. Newly Acquired Location $ 100,000,000 each and every occurrence combined for PD & BI except; $ 25,000,000 each and every occurrence combined for PD & BI with respect to Named Windstorm. Non Admitted Tax Liability $ 150,000,000 each and every occurrence. Potline Freeze Up $ 100,000,000 each and every occurrence combined for PD and BI. Recapture of Investment Incentives $ 50,000,000 each and every occurrence. Research & Development $ 25,000,000 each and every occurrence combined for PD & BI. Royalties $ 10,000,000 each and every occurrence. Service Interruption $ 200,000,000 each and every occurrence combined for PD & BI, except $ 25,000,000 each and every occurrence combined for PD and BI from interruption emanating from earthquake in the New Madrid zone. Transit $ 25,000,000 each and every occurrence combined for PD & BI. Transmission and Distribution Lines $ 10,000,000 each and every occurrence combined for direct loss causing PD & BI. Unnamed Location $ 100,000,000 each and every occurrence combined for PD & BI except; $ 25,000,000 each and every occurrence combined for PD & BI with respect to Named Windstorm. $5,000,000 each and every occurrence combined for Property Damage, Business Interruption and Machinery Breakdown coverage for locations with insurable values exceeding US $100,000,000. $2,000,000 each and every occurrence combined for Property Damage, Business Interruption and Machinery Breakdown coverage for locations with insurable values equal to or less than US $100,000,000. $1,000,000 each and every occurrence combined for Property Damage, Business Interruption and Machinery Breakdown at non-manufacturing locations including offices, outside warehouses and stand-alone Research & Development centers. If two or more deductibles apply to a single occurrence, the total amount deducted shall not exceed the largest deductible applicable, unless otherwise provided in the Master Policy wording.
Appears in 1 contract
Sources: Credit Agreement (Novelis Inc.)
PERILS INSURED. All Risks of direct physical loss or damage by any cause whatsoever, including potline freeze up (smelters), Machinery Breakdown, Earthquake and Flood, to the Property Insured, except as may hereafter be excluded. US $750,000,000 EACH AND EVERY OCCURRENCE Combined for Property Damage, including Machinery Breakdown and Business Interruption excess of the DEDUCTIBLE LEVELS and subject to the following ground-up sub-limits, where applicable, as described below: Contingent Business Interruption and $200,000,000 each and every occurrence for BI, except Contingent Extra Expense (Direct Suppliers and/or Customers) $ $ 200,000,000 $25,000,000 each and every occurrence for BI, except each and every occurrence for BI emanating from earthquake in the New Madrid zone. Course of Construction $ 100,000,000 each and every occurrence combined for PD & BI including Advance loss of Profits. Debris Removal $ 100,000,000 each and every occurrence for PD or 25% of the loss, whichever is greater. Decontamination Expenses $ 50,000,000 each and every occurrence for PD. Defense Costs $ 5,000,000 each and every occurrence combined for PD & BI. Demolition and Increased Cost of Construction $ 100,000,000 each and every occurrence for PD. Earthquake $ 750,000,000 each and every occurrence combined for PD & BI and in the annual aggregate, except $ 500,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for Italy. , $ 300,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for China. $ 300,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for Mexico. $ 100,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for Chile. $ 100,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for Columbia. $ 100,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for Guam. $ 100,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for Indonesia. $ 100,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for Israel. $ 100,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for Peru. $ 100,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for Portugal. $ 100,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for Taiwan. $ 100,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for Turkey. $ 100,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for Venezuela. $ 50,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for New Madrid (sub-limit does not apply to the ▇▇▇▇▇ facility). $ 50,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for Pacific Northwest. $ 50,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for Philippines. $ 25,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for California. This sub-limit applies on a cumulative basis for all coverage triggered by earthquake in this zone. $ 25,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for Japan. This sub-limit applies on a cumulative basis for all coverage triggered by earthquake in this zone. $ 25,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for New Zealand. This sub-limit applies on a cumulative basis for all coverage triggered by earthquake in this zone. Expediting Expense $ 200,000,000 combined each and every occurrence for PD & BI. Extra Expense $ 200,000,000 combined each and every occurrence for PD & BI. Fine Arts $ 25,000,000 each and every occurrence for PD. Fire Fighting Expenses $ 25,000,000 each and every occurrence for PD. Flood $ 750,000,000 each and every occurrence combined for PD & BI and in the annual aggregate, except $ 100,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for properties situated in a 100 year flood plain. $ 100,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for flood in the Netherlands. Interruption By Civil or Military Authority $ 100,000,000 each and every occurrence for BI or 30 consecutive days, whichever is less. Interruption of Ingress and/or Egress $ 100,000,000 each and every occurrence for BI or 30 consecutive days, whichever is less. Impounded Water $ 100,000,000 each and every occurrence for PD & BI. Land and Water Contaminant or Pollutant Cleanup, Removal and Disposal $ 1,000,000 each and every occurrence for PD. Leasehold Interest $ 100,000,000 each and every occurrence for BI. Neighbour’s Recourse Liability $ 25,000,000 each and every occurrence combined for PD and BI. Newly Acquired Location $ 100,000,000 each and every occurrence combined for PD & BI except; $ 25,000,000 each and every occurrence combined for PD & BI with respect to Named Windstorm. Non Admitted Tax Liability $ 150,000,000 each and every occurrence. Potline Freeze Up $ 100,000,000 each and every occurrence combined for PD and BI. Recapture of Investment Incentives $ 50,000,000 each and every occurrence. Research & Development $ 25,000,000 each and every occurrence combined for PD & BI. Royalties $ 10,000,000 each and every occurrence. Service Interruption $ 200,000,000 each and every occurrence combined for PD & BI, except $ 25,000,000 each and every occurrence combined for PD and BI from interruption emanating from earthquake in the New Madrid zone. Transit $ 25,000,000 each and every occurrence combined for PD & BI. Transmission and Distribution Lines $ 10,000,000 each and every occurrence combined for direct loss causing PD & BI. Unnamed Location $ 100,000,000 each and every occurrence combined for PD & BI except; $ 25,000,000 each and every occurrence combined for PD & BI with respect to Named Windstorm. $5,000,000 each and every occurrence combined for Property Damage, Business Interruption and Machinery Breakdown coverage for locations with insurable values exceeding US $100,000,000. $2,000,000 each and every occurrence combined for Property Damage, Business Interruption and Machinery Breakdown coverage for locations with insurable values equal to or less than US $100,000,000. $1,000,000 each and every occurrence combined for Property Damage, Business Interruption and Machinery Breakdown at non-manufacturing locations including offices, outside warehouses and stand-alone Research & Development centers. If two or more deductibles apply to a single occurrence, the total amount deducted shall not exceed the largest deductible applicable, unless otherwise provided in the Master Policy wording.
Appears in 1 contract
Sources: Credit Agreement (Novelis Inc.)