Common use of Rental Value Clause in Contracts

Rental Value. Landlord shall obtain and keep in force a policy or policies in the name of Landlord with loss payable to Landlord and any mortgagee, insuring the loss of the Annual Rent for one year (“Rental Value Insurance”). Said insurance shall contain an agreed valuation provision in lieu of any coinsurance clause, and the amount of coverage shall be adjusted annually to reflect the Annual Rent otherwise payable by Tenant for the next 12 month period.

Rental Value. Landlord shall obtain and keep in force a policy or policies in the name of Landlord with loss payable to Landlord and any mortgagee, insuring the loss of the Annual Rent for one year (“Rental Value Insurance”). Said insurance shall contain an agreed valuation provision in lieu of any coinsurance clause, and the amount of coverage shall be adjusted annually to reflect the Annual Rent otherwise payable by Tenant for the next 12 month periodperiod following the adjustment.

Rental Value. Landlord shall may also obtain and keep in force a policy or policies in the name of Landlord with loss payable to Landlord and any mortgageeLender, insuring the loss of the Annual full Rent for one year (“Rental Value Insurance”). Said insurance shall contain with an agreed valuation provision in lieu extended period of indemnity for any coinsurance clause, and the amount of coverage shall be adjusted annually to reflect the Annual Rent otherwise payable by Tenant for the next 12 month periodadditional 180 days.

Rental Value. Landlord shall obtain and keep in force a policy or policies in the name of Landlord with loss payable to Landlord and any mortgageeLender, insuring the loss of the Annual full Rent for one year (“Rental Value Insurance”)1) year. Said insurance shall contain an agreed valuation provision in lieu of any coinsurance clause, and the amount of coverage shall be adjusted annually to reflect the Annual projected Rent otherwise payable by Tenant Tenant, for the next 12 twelve (12) month period.