Common use of All Risk Property Insurance Clause in Contracts

All Risk Property Insurance. The Borrower shall maintain all risk property insurance covering against physical loss or damage, including but not limited to fire and extended coverage, collapse, flood and earth movement. Coverage shall be written on a replacement cost basis and shall contain an agreed amount endorsement reasonably satisfactory to the Administrative Agent waiving any coinsurance penalty.

Appears in 7 contracts

Samples: Credit Agreement (Sba Communications Corp), Amendment and Restatement (Sba Communications Corp), Credit Agreement (Sba Communications Corp)

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All Risk Property Insurance. The Borrower shall maintain all risk property insurance covering against physical loss or damage, including but not limited to fire and extended coverage, collapse, flood flood, earth movement and earth movementcomprehensive machinery breakdown coverage (including electrical malfunction and mechanical breakdown). Such insurance shall not contain any exclusion for resultant damage caused by faulty workmanship, design or materials. Coverage shall be written on a replacement cost basis and in an amount acceptable to the Administrative Agent. Such insurance policy shall contain an agreed amount endorsement reasonably satisfactory to the Administrative Agent waiving any coinsurance penalty.penalty and shall include expediting expense coverage in an amount not less than $1,000,000; and

Appears in 3 contracts

Samples: Credit Agreement (Atlantic Broadband Management, LLC), Credit Agreement (Atlantic Broadband Finance, LLC), Credit Agreement (Atlantic Broadband Finance, LLC)

All Risk Property Insurance. The Borrower shall maintain all risk property insurance covering against physical loss or damage, including but not limited to fire and extended coverage, collapse, flood flood, earth movement and earth movementcomprehensive boiler and machinery coverage (including electrical malfunction and mechanical breakdown). Coverage shall be written on a replacement cost basis and basis. Such insurance policy shall contain an agreed amount endorsement reasonably satisfactory to the Administrative Agent waiving any coinsurance penalty.penalty and shall include expediting expense coverage; and

Appears in 2 contracts

Samples: Credit Agreement (Headwaters Inc), Loan Agreement (Headwaters Inc)

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All Risk Property Insurance. The Borrower shall maintain all risk property insurance covering against physical loss or damage, including but not limited to fire and extended coverage, collapse, flood and earth movement. Coverage shall be written on a replacement cost basis and shall contain an agreed amount endorsement reasonably satisfactory to the Administrative Agent waiving any coinsurance penalty.;

Appears in 1 contract

Samples: Credit Agreement (Sba Communications Corp)

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