Common use of All Risk Clause in Contracts

All Risk. Insurance against loss to the Property which, during any construction, shall be on an “All Risk” perils “Builders’ Risk,” monthly reporting or non-reporting “Completed Value” form and, after completion of construction, shall be on an “All Risk” policy form covering, in each case, insurance risks of all physical loss “Causes of Loss - Special Form,” including theft, terrorism, and insurance against such other risks as Lender may reasonably require. Such policies shall be in amounts equal to the full replacement cost of the Property (including the related Improvements and, specifically, Fee Owner’s interest in any leasehold improvements).

Appears in 1 contract

Sources: Loan Agreement (Emeritus Corp\wa\)

All Risk. Insurance against loss to the Property which, during any construction, shall be on an "All Risk" perils "Builders' Risk," monthly reporting or non-reporting "Completed Value" form and, after completion of construction, shall be on an "All Risk" policy form covering, in each case, insurance risks of all physical loss "Causes of Loss - Special Form," including theft, terrorism, terrorism and insurance against such other risks as Lender may reasonably require. Such policies shall be in amounts equal to the full replacement cost of the Property (including the related Improvements and, specifically, Fee Owner’s interest in any leasehold improvementsImprovements).

Appears in 1 contract

Sources: Loan Agreement (Interstate General Co L P)