[sheet: Coverage Matrix]
Line Item No. | Coverage Type | EPC Agreement Requirement — Description | EPC Agreement Requirement — Minimum Limit / Amount | EPC Agreement Requirement — Deductible / Retention | EPC Agreement Requirement — Required Carrier / Surety | EPC Agreement Requirement — Named Insured / Additional Insured | Construction Loan Agreement Requirement — Description | Construction Loan Agreement Requirement — Minimum Limit / Amount | Construction Loan Agreement Requirement — Deductible / Retention | Construction Loan Agreement Requirement — Required Endorsements / Provisions | Construction Loan Agreement Requirement — Mortgagee / Loss Payee | Current Coverage in Place — Carrier | Current Coverage in Place — Limit / Amount | Current Coverage in Place — Deductible | Current Coverage in Place — Policy Period | Compliant with EPC? | Compliant with Loan? | Gap / Action Item | Responsible Party | Status | Notes
1 | Commercial General Liability (CGL) — Contractor | TMCG required to maintain CGL coverage per Exhibit D; per-occurrence basis; owner and lender as additional insureds | $150,000,000 | Per EPC Exhibit D | Pinnacle Indemnity Insurance Co. | Titan-McAllister Construction Group, LLC (Named Insured); Stonebridge Campus Holdings LLC, Ironhaven Data Centers LLC, Summit National Bank, N.A. as Administrative Agent (Additional Insureds) | Contractor must maintain CGL with per-occurrence limit acceptable to Administrative Agent; Borrower and Lender as additional insureds | $150,000,000 | Per Loan Agreement | Additional insured endorsement for Borrower and all Lenders; waiver of subrogation | Summit National Bank, N.A. as Administrative Agent (Additional Insured / Loss Payee as applicable) | Pinnacle Indemnity Insurance Co. | $150,000,000 | Standard policy deductible | Policy year 2025–2026 | Yes | Partial | Confirm additional insured endorsement names all syndicate lenders (Summit, Cascade Commercial Lending Corp., Harborview Trust Company) individually or as a class; confirm waiver of subrogation endorsement | Northgate Insurance Brokerage, LLC (William Keane) / Titan-McAllister | In Progress | Pinnacle Indemnity Insurance Co. COI received; endorsement language under review by C&H
2 | Builder's Risk | Builder's risk coverage on all-risk basis for full GMP value; covering all buildings, central utility plant, and site work during construction | $412,000,000 | $250,000 per occurrence | Great Basin Surety & Insurance Corp. | Stonebridge Campus Holdings LLC, Ironhaven Data Centers LLC, Titan-McAllister Construction Group, LLC (Named Insureds); Summit National Bank, N.A. as Administrative Agent (Loss Payee) | Builder's risk on all-risk basis for not less than 100% of the total construction cost; Lender as loss payee | $412,000,000 | Deductible not to exceed $250,000 per occurrence without Lender consent | Standard mortgagee / lender loss payable clause; 30-day notice of cancellation to Administrative Agent | Summit National Bank, N.A. as Administrative Agent (Loss Payee) | Great Basin Surety & Insurance Corp. | $412,000,000 | $250,000 per occurrence | Effective upon NTP (target November 1, 2025) through Substantial Completion | Yes | Yes | None identified; confirm policy form includes flood, earthquake, and terrorism sub-limits acceptable to Lender | Northgate Insurance Brokerage, LLC (William Keane) | Compliant | Policy bound; deductible of $250,000 matches both EPC Exhibit D and Loan Agreement maximum
3 | Performance Bond | Contractor to provide performance bond equal to 100% of GMP | $412,000,000 | N/A | Great Basin Surety & Insurance Corp. | Stonebridge Campus Holdings LLC (Obligee) | Performance bond required at 100% of GMP; dual obligee rider naming Administrative Agent | $412,000,000 | N/A | Dual obligee rider naming Summit National Bank, N.A. as Administrative Agent as co-obligee | Summit National Bank, N.A. as Administrative Agent (Co-Obligee) | Great Basin Surety & Insurance Corp. | $412,000,000 | N/A | Effective upon EPC execution (target October 20, 2025) | Yes | Partial | Dual obligee rider to be added naming Administrative Agent; draft rider under review | Grace Nakamura (C&H) / Titan-McAllister | In Progress | Bond form reviewed per bond-review-memo; Great Basin confirmed capacity
4 | Payment Bond | Contractor to provide payment bond equal to 100% of GMP | $412,000,000 | N/A | Great Basin Surety & Insurance Corp. | Stonebridge Campus Holdings LLC (Obligee) | Payment bond required at 100% of GMP | $412,000,000 | N/A | Compliance with Virginia mechanic's lien statutes | N/A | Great Basin Surety & Insurance Corp. | $412,000,000 | N/A | Effective upon EPC execution (target October 20, 2025) | Yes | Yes | None identified | Grace Nakamura (C&H) | Compliant | Bond form consistent with AIA A312 equivalent; reviewed in bond-review-memo
5 | Owner-Controlled Insurance Program (OCIP) | Under evaluation per EPC Exhibit D; if OCIP elected, replaces contractor-provided CGL and certain sub-coverages | TBD — estimated 12–15% premium savings vs. traditional program | TBD | TBD (placement by Northgate Insurance Brokerage, LLC) | Stonebridge Campus Holdings LLC (Sponsor); TMCG and all subcontractors enrolled | If OCIP elected, Lender requires confirmation that all coverages meet or exceed Loan Agreement minimums; Lender as additional insured / loss payee as applicable | TBD | TBD | Lender approval required prior to OCIP implementation | Summit National Bank, N.A. as Administrative Agent | TBD | TBD | TBD | TBD | N/A — Under Evaluation | N/A — Under Evaluation | Decision pending; if OCIP elected, must confirm CGL, workers' comp, and excess coverage all meet Loan Agreement requirements; Lender consent required | Northgate Insurance Brokerage, LLC (William Keane) / Cynthia Ho (C&H) | Under Evaluation | Estimated savings of 12–15% of insurable construction costs; final decision expected prior to NTP
6 | D&O Insurance — IHDC (Guarantor) | Not specifically required under EPC Exhibit D | N/A | N/A | N/A | N/A | Guarantor to maintain D&O coverage at limits acceptable to Administrative Agent | $10,000,000 | Per policy terms | Certificate of insurance to be delivered at Loan closing | N/A | Clearwater Specialty Underwriters, Inc. | $10,000,000 | Per policy terms | Current policy year | N/A | Yes | None identified; COI to be delivered at construction loan closing (target October 15, 2025) | Northgate Insurance Brokerage, LLC (William Keane) | Compliant | Clearwater Specialty Underwriters, Inc. policy confirmed at $10M limits
7 | Workers' Compensation & Employers' Liability — Contractor | TMCG required to maintain statutory workers' compensation and employers' liability per Exhibit D for all employees on project site | Statutory (WC); $1,000,000 / $1,000,000 / $1,000,000 (EL) | N/A — statutory | Pinnacle Indemnity Insurance Co. | Titan-McAllister Construction Group, LLC (Named Insured) | Contractor must maintain statutory WC and EL coverage; waiver of subrogation required | Statutory (WC); $1,000,000 / $1,000,000 / $1,000,000 (EL) | N/A — statutory | Waiver of subrogation endorsement; alternate employer endorsement if applicable | N/A | Pinnacle Indemnity Insurance Co. | Statutory (WC); $1,000,000 / $1,000,000 / $1,000,000 (EL) | N/A | Policy year 2025–2026 | Yes | Yes | None identified; confirm waiver of subrogation included on WC policy | Northgate Insurance Brokerage, LLC (William Keane) / Titan-McAllister | Compliant | COI received; Virginia statutory WC confirmed
8 | Commercial Automobile Liability — Contractor | TMCG required to maintain commercial auto liability per Exhibit D; covering owned, hired, and non-owned autos | $5,000,000 combined single limit | Per policy terms | Pinnacle Indemnity Insurance Co. | Titan-McAllister Construction Group, LLC (Named Insured); Owner as additional insured | Contractor must maintain auto liability covering all vehicles used in connection with the project | $5,000,000 combined single limit | Per policy terms | Additional insured endorsement for Borrower | N/A | Pinnacle Indemnity Insurance Co. | $5,000,000 combined single limit | Per policy terms | Policy year 2025–2026 | Yes | Yes | None identified | Titan-McAllister (Michelle Tran) | Compliant | COI received; coverage confirmed for owned, hired, and non-owned autos
9 | Umbrella / Excess Liability — Contractor | TMCG required to maintain umbrella/excess liability per Exhibit D; following form over CGL, auto, and employers' liability | $50,000,000 per occurrence / aggregate | $10,000 self-insured retention | Pinnacle Indemnity Insurance Co. | Titan-McAllister Construction Group, LLC (Named Insured); Owner and Lender as additional insureds | Umbrella/excess liability required following form over CGL, auto, and EL; Borrower and Lender as additional insureds | $50,000,000 per occurrence / aggregate | SIR not to exceed $10,000 without Lender consent | Additional insured endorsement for Borrower and all Lenders; following form | Summit National Bank, N.A. as Administrative Agent (Additional Insured) | Pinnacle Indemnity Insurance Co. | $50,000,000 per occurrence / aggregate | $10,000 SIR | Policy year 2025–2026 | Yes | Partial | Confirm additional insured endorsement on umbrella names all syndicate lenders; confirm following form over CGL, auto, and EL | Northgate Insurance Brokerage, LLC (William Keane) / Titan-McAllister | In Progress | Umbrella endorsement language under review; SIR of $10,000 confirmed within Loan Agreement threshold
10 | Professional Liability / Errors & Omissions — Design Consultants | Design-build professional liability coverage required per Exhibit D for all design professionals performing work under EPC | $10,000,000 per claim / aggregate | Per policy terms | Per Exhibit D — designated design professionals | Titan-McAllister Construction Group, LLC and design subconsultants (Named Insureds) | Professional liability / E&O required for all design professionals; tail coverage for minimum 3 years post-Substantial Completion | $10,000,000 per claim / aggregate | Per policy terms | 3-year extended reporting period (tail) post-Substantial Completion | N/A | TBD — subconsultant placements pending | TBD | TBD | TBD — to be confirmed prior to NTP | Partial — Pending Subconsultant COIs | Partial — Pending Subconsultant COIs | TMCG to provide COIs from all design subconsultants confirming $10M professional liability limits and 3-year tail; aggregate subconsultant COI collection in progress | Titan-McAllister (Michelle Tran) / Grace Nakamura (C&H) | In Progress | Design subconsultant contracts under execution; COIs expected by NTP (November 1, 2025)
11 | Environmental Liability / Pollution Legal Liability | Contractor to maintain pollution liability coverage per Exhibit D for construction operations | Per EPC Exhibit D specifications | Per policy terms | Per Exhibit D | TMCG (Named Insured); Owner as additional insured | Environmental indemnity provided separately (Environmental Indemnity Agreement); Lender may require PLL if Phase II ESA results indicate remediation risk | TBD — contingent on Phase II ESA results | TBD | Contingent on Pendleton Phase II findings for Stonebridge northwest quadrant (4.2 acres potential pesticide contamination) | Summit National Bank, N.A. as Administrative Agent | TBD — pending Phase II ESA completion | TBD | TBD | TBD — Phase II target completion July 1, 2025 | Partial — Pending Phase II | Partial — Pending Phase II | Phase II ESA by Pendleton Environmental Associates, Inc. (Dr. Renata Volkov) for Stonebridge Parcel northwest quadrant (4.2 acres) must be completed by July 1, 2025; Lender PLL requirement contingent on findings; Environmental Indemnity Agreement from Borrower and IHDC in place | Grace Nakamura (C&H) / Northgate Insurance Brokerage, LLC | Pending — Phase II Results | Former agricultural use; residual pesticide contamination under investigation
12 | Operational Property Insurance (Post-COO) | Not applicable during construction phase; referenced for post-Substantial Completion transition | N/A (construction phase) | N/A | TBD — carrier to be selected | Stonebridge Campus Holdings LLC (Named Insured) | Borrower to maintain property insurance at replacement cost upon each building achieving COO; Lender as loss payee | $600,000,000 (target replacement cost at full buildout) | TBD | Replacement cost endorsement; agreed amount; 30-day cancellation notice to Lender | Summit National Bank, N.A. as Administrative Agent (Loss Payee / Mortgagee) | TBD | Target: $600,000,000 | TBD | Effective upon first building COO (target Q3 2027) | N/A — Future | N/A — Future | Carrier selection and placement to be completed prior to Building A Substantial Completion (August 1, 2027); Northgate to market program | Northgate Insurance Brokerage, LLC (William Keane) | Not Yet Due | Transition from builder's risk to operational property program to be coordinated
[sheet: Party & Contact Reference]
Role | Entity Name | Key Contact | Title | Address | Notes
Insurance Broker | Northgate Insurance Brokerage, LLC | William Keane | Account Executive | Virginia | Placing builder's risk, OCIP evaluation, and operational property/casualty programs for IHDC/Stonebridge Campus Holdings LLC
EPC Contractor | Titan-McAllister Construction Group, LLC | Raymond Okafor / Michelle Tran | President / SVP, Data Center Programs | 7900 Harkins Road, Suite 100, Lanham, MD 20706 | Responsible for contractor-provided CGL (Pinnacle Indemnity), bonds (Great Basin); COI delivery required
CGL Carrier — Contractor | Pinnacle Indemnity Insurance Co. | N/A | N/A | Pennsylvania | $150M per-occurrence CGL, $5M auto, $1M/$1M/$1M WC/EL, $50M umbrella for TMCG
Builder's Risk / Surety Carrier | Great Basin Surety & Insurance Corp. | N/A | N/A | Wyoming | Builder's risk ($412M, $250K deductible), performance bond ($412M), payment bond ($412M)
D&O Carrier — IHDC | Clearwater Specialty Underwriters, Inc. | N/A | N/A | New York | $10M D&O limits for Ironhaven Data Centers LLC
Administrative Agent / Lead Lender | Summit National Bank, N.A. | Karen Ellsworth | Managing Director, RE Finance | 1275 Avenue of Commerce, 12th Floor, McLean, VA 22102 | Administrative Agent for $390M construction loan ($180M commitment); loss payee / mortgagee / additional insured on applicable policies
Co-Lender | Cascade Commercial Lending Corp. | David Rennick | Relationship Manager | 500 Market Street, Suite 3200, Philadelphia, PA 19103 | $130M commitment; to be named as additional insured where required
Co-Lender | Harborview Trust Company | Susan Applegategate | Lending Officer | 200 Constitution Plaza, Suite 1400, Hartford, CT 06103 | $80M commitment; to be named as additional insured where required
Borrower / Owner | Stonebridge Campus Holdings LLC | N/A (to be formed) | N/A | Virginia (SPE — wholly owned by IHDC) | Single-purpose borrower entity; named insured on builder's risk and property policies; obligee on performance and payment bonds
Guarantor | Ironhaven Data Centers LLC | Priya Dasgupta (CFO) | CFO | 44680 Prentice Drive, Suite 200, Ashburn, VA 20147 | Completion guaranty and carry guaranty provider; maintains D&O coverage
Client's Counsel | Calderwood & Harkness LLP | Cynthia Ho / Grace Nakamura | Lead Associate / Working Associate | 1900 K Street NW, Suite 800, Washington, DC 20006 | Reviewing COIs, bond forms, and insurance provisions in EPC and Loan documents; Matter No. 1043-00002
Lender's Counsel | Redmond & Calloway LLP | Victor Redmond | Lead Partner | 8300 Greensboro Drive, Suite 1100, McLean, VA 22102 | Reviewing insurance compliance on behalf of lending syndicate
Owner's Representative | Kestrel Infrastructure Advisors, LLC | Diane Prescott | Engagement Lead | 1750 Tysons Boulevard, Suite 600, Tysons, VA 22102 | Coordinating insurance deliverables during construction
Environmental Consultant | Pendleton Environmental Associates, Inc. | Dr. Renata Volkov | Lead Environmental Scientist | Virginia | Phase I and Phase II ESA provider; findings may trigger PLL requirement
[sheet: Gap Analysis & Action Items]
Item No. | Coverage Type | Gap / Issue Description | EPC Requirement Reference | Loan Agreement Requirement Reference | Required Action | Responsible Party | Deadline | Priority | Status | Resolution Notes
1 | CGL — Contractor | Additional insured endorsement on Pinnacle Indemnity Insurance Co. CGL policy must name all syndicate lenders individually or as a class (Summit National Bank, N.A., Cascade Commercial Lending Corp., Harborview Trust Company) | EPC Agreement, Exhibit D, Section 2(a) | Construction Loan Agreement, Section 6.14(b) | Request revised endorsement from Pinnacle through TMCG; provide lender names to TMCG for endorsement language | Northgate Insurance Brokerage, LLC / Titan-McAllister (Michelle Tran) | October 15, 2025 (Loan Closing) | High | In Progress | Endorsement form under C&H review
2 | CGL — Contractor | Waiver of subrogation endorsement required by Loan Agreement not explicitly listed in EPC Exhibit D; need to confirm inclusion or add to EPC Exhibit D | EPC Agreement, Exhibit D (no express requirement identified) | Construction Loan Agreement, Section 6.14(c) | Add waiver of subrogation to EPC Exhibit D insurance requirements; confirm TMCG policy includes endorsement | Cynthia Ho (C&H) / TMCG | October 20, 2025 (EPC Execution) | High | Open | To be addressed in next EPC markup
3 | Performance Bond | Dual obligee rider naming Summit National Bank, N.A. as Administrative Agent as co-obligee not yet added to Great Basin Surety & Insurance Corp. bond form | EPC Agreement, Section 11.1 | Construction Loan Agreement, Section 6.15 | Request dual obligee rider from Great Basin; provide to Redmond & Calloway LLP for lender approval | Grace Nakamura (C&H) / Titan-McAllister | October 15, 2025 (Loan Closing) | High | In Progress | Great Basin confirmed willingness; draft rider under review
4 | Builder's Risk | Confirm sub-limits for flood, earthquake, and terrorism are acceptable to Administrative Agent; Loan Agreement requires Lender approval of sub-limits | EPC Agreement, Exhibit D, Section 3 | Construction Loan Agreement, Section 6.14(a) | Obtain sub-limit schedule from Great Basin Surety & Insurance Corp.; submit to Summit / Redmond & Calloway for approval | Northgate Insurance Brokerage, LLC (William Keane) | October 15, 2025 (Loan Closing) | Medium | In Progress | Sub-limit schedule requested from Great Basin; $250,000 per-occurrence deductible confirmed compliant
5 | Builder's Risk | 30-day notice of cancellation endorsement to Administrative Agent required by Loan Agreement; confirm inclusion in Great Basin policy | EPC Agreement, Exhibit D, Section 3 | Construction Loan Agreement, Section 6.14(a)(iv) | Confirm 30-day cancellation notice endorsement is included or request addition | Northgate Insurance Brokerage, LLC (William Keane) | October 15, 2025 (Loan Closing) | Medium | Open
6 | OCIP | If OCIP is elected, must confirm all enrolled coverages meet or exceed both EPC Exhibit D and Loan Agreement minimums; Lender pre-approval required | EPC Agreement, Exhibit D, Section 5 (OCIP alternative) | Construction Loan Agreement, Section 6.14(e) | If OCIP decision is affirmative, prepare coverage comparison for Lender review; obtain Administrative Agent written consent prior to implementation | Northgate Insurance Brokerage, LLC (William Keane) / Cynthia Ho (C&H) | November 1, 2025 (NTP) | Medium | Under Evaluation | OCIP estimated to save 12–15% of insurable construction costs; decision pending
7 | Environmental / Pollution Legal Liability | Phase II ESA results for Stonebridge Parcel northwest quadrant (4.2 acres, potential residual pesticide contamination) may trigger Lender requirement for standalone PLL policy; no current PLL in place | EPC Agreement, Exhibit D, Section 4 | Construction Loan Agreement, Section 6.14(d) (environmental coverage contingency) | Await Pendleton Phase II ESA results (target July 1, 2025); if contamination confirmed, obtain PLL quotes through Northgate; present to Lender for approval | Northgate Insurance Brokerage, LLC / Grace Nakamura (C&H) | August 1, 2025 (Loan Commitment Letter) / October 15, 2025 (Loan Closing) | High | Pending — Phase II Results | Environmental Indemnity Agreement from Borrower and IHDC is separate credit support; PLL may be additional Lender requirement
8 | D&O — Guarantor (IHDC) | Loan Agreement requires COI for D&O at closing; not required under EPC; confirm delivery timing | N/A (EPC) | Construction Loan Agreement, Section 6.14(f) | Obtain current COI from Clearwater Specialty Underwriters, Inc. for $10M D&O policy; deliver to Summit at Loan closing | Northgate Insurance Brokerage, LLC (William Keane) | October 15, 2025 (Loan Closing) | Low | Open | Coverage confirmed in place; COI delivery ministerial
9 | Umbrella / Excess Liability — Contractor | Additional insured endorsement on Pinnacle umbrella/excess policy must name all syndicate lenders; confirm following form language covers CGL, auto, and EL | EPC Agreement, Exhibit D, Section 2(c) | Construction Loan Agreement, Section 6.14(b) | Request revised umbrella endorsement from Pinnacle through TMCG naming all syndicate lenders; confirm following form language | Northgate Insurance Brokerage, LLC / Titan-McAllister (Michelle Tran) | October 15, 2025 (Loan Closing) | High | In Progress | Umbrella endorsement language under C&H review in conjunction with CGL endorsement (Item 1)
10 | Professional Liability / E&O — Design Consultants | COIs from all design subconsultants confirming $10M professional liability limits and 3-year extended reporting period (tail) not yet received | EPC Agreement, Exhibit D, Section 6 | Construction Loan Agreement, Section 6.14(h) | TMCG to collect and deliver COIs from all design subconsultants confirming $10M per claim/aggregate limits and 3-year tail post-Substantial Completion | Titan-McAllister (Michelle Tran) / Grace Nakamura (C&H) | November 1, 2025 (NTP) | Medium | In Progress | Design subconsultant contracts under execution; COIs expected by NTP
11 | Operational Property Insurance | Post-COO property insurance program ($600M target replacement cost) must be in place before first building occupancy; carrier TBD | N/A (construction phase) | Construction Loan Agreement, Section 6.14(g) (post-completion requirements) | Northgate to begin marketing operational property program by Q1 2027; submit carrier and terms for Lender approval at least 60 days prior to Building A COO | Northgate Insurance Brokerage, LLC (William Keane) | June 1, 2027 (60 days prior to Building A Substantial Completion — August 1, 2027) | Low | Not Yet Due | Builder's risk to operational property transition to be coordinated; coverage must name Lender as loss payee
12 | Workers' Compensation — Contractor | Confirm waiver of subrogation endorsement on WC policy as required by Loan Agreement; EPC Exhibit D silent on waiver of subrogation for WC | EPC Agreement, Exhibit D, Section 2(b) | Construction Loan Agreement, Section 6.14(c) | Confirm Pinnacle WC policy includes waiver of subrogation; if not, request endorsement through TMCG | Northgate Insurance Brokerage, LLC / Titan-McAllister (Michelle Tran) | October 15, 2025 (Loan Closing) | Medium | Open | COI received confirming statutory WC; waiver of subrogation status to be confirmed
[sheet: Key Thresholds & Reference Data]
Parameter | Value | Source Document | Notes
EPC Guaranteed Maximum Price (GMP) | $412,000,000 | EPC Agreement, Exhibit B | Basis for builder's risk coverage, performance bond, and payment bond amounts
Per-Building GMP Allocation | $103,000,000 | EPC Agreement, Exhibit B | $412M ÷ 4 buildings
Total Project Budget | $600,000,000 | Project Budget | Basis for operational property replacement cost target
Construction Loan Facility Size | $390,000,000 | Construction Loan Agreement | Summit $180M, Cascade $130M, Harborview $80M
Summit National Bank Commitment | $180,000,000 | Construction Loan Agreement | Lead lender / Administrative Agent
Cascade Commercial Lending Corp. Commitment | $130,000,000 | Construction Loan Agreement | Co-lender
Harborview Trust Company Commitment | $80,000,000 | Construction Loan Agreement | Co-lender
Builder's Risk Deductible — Maximum | $250,000 per occurrence | EPC Exhibit D / Construction Loan Agreement | Both documents specify $250,000 maximum
CGL Per-Occurrence Limit (TMCG) | $150,000,000 | EPC Exhibit D | Carrier: Pinnacle Indemnity Insurance Co.
Umbrella / Excess Liability Limit (TMCG) | $50,000,000 | EPC Exhibit D | Carrier: Pinnacle Indemnity Insurance Co.; $10,000 SIR
Workers' Comp / Employers' Liability Limits (TMCG) | Statutory (WC); $1,000,000 / $1,000,000 / $1,000,000 (EL) | EPC Exhibit D | Carrier: Pinnacle Indemnity Insurance Co.
Auto Liability Limit (TMCG) | $5,000,000 combined single limit | EPC Exhibit D | Carrier: Pinnacle Indemnity Insurance Co.
Professional Liability / E&O Limit | $10,000,000 per claim / aggregate | EPC Exhibit D / Construction Loan Agreement | Required of all design subconsultants; 3-year tail required
Performance Bond Amount | $412,000,000 (100% of GMP) | EPC Agreement, Section 11.1 | Surety: Great Basin Surety & Insurance Corp.
Payment Bond Amount | $412,000,000 (100% of GMP) | EPC Agreement, Section 11.2 | Surety: Great Basin Surety & Insurance Corp.
D&O Limits (IHDC) | $10,000,000 | Construction Loan Agreement | Carrier: Clearwater Specialty Underwriters, Inc.
Operational Property Target Coverage | $600,000,000 replacement cost | Construction Loan Agreement | Post-COO; carrier TBD
Liquidated Damages Cap per Building | $10,300,000 | EPC Agreement | $103M × 10%
LD Rate (delay) | $125,000 per calendar day per building | EPC Agreement | Capped at $10.3M per building
Retainage Structure | 10% until 50% completion; 5% thereafter | EPC Agreement | Applicable to draw requests
Line Extension Contribution to VPC | $18,500,000 | Line Extension Funding Agreement | Part of $61M Power Infrastructure budget
OCIP Estimated Savings | 12–15% of insurable construction costs | Insurance Program Overview Memo | Under evaluation by Northgate
Minimum Equity Before First Draw | $52,500,000 | Construction Loan Agreement | 25% × $210M equity commitment
NTP Target Date | November 1, 2025 | EPC Agreement, Exhibit C | Builder's risk effective date
Substantial Completion — Building A | August 1, 2027 | EPC Agreement, Exhibit C | Trigger for post-COO property insurance transition
Substantial Completion — Buildings B–D | November 1, 2027 | EPC Agreement, Exhibit C | Final construction phase completion
Construction Loan Closing Target | October 15, 2025 | Construction Loan Agreement | Deadline for insurance deliverables to Lender
EPC Contract Execution Target | October 20, 2025 | EPC Agreement | Deadline for bond and COI deliverables
C&H Matter No. | 1043-00002 | Engagement Letter | Calderwood & Harkness LLP matter reference
Summit Loan Reference | CL-2025-VA-04418 | Construction Loan Commitment | Loan commitment reference number