Common use of Earthquake Insurance Clause in Contracts

Earthquake Insurance. If the Property is located in a high earthquake hazard area, earthquake must be maintained in form, amount and with deductibles satisfactory to Lender.

Appears in 7 contracts

Samples: Loan Agreement (Independence Realty Trust, Inc), Loan Agreement (Resource Real Estate Opportunity REIT, Inc.), Loan Agreement (CNL Hotels & Resorts, Inc.)

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Earthquake Insurance. If the Property is located in a high earthquake hazard area, earthquake insurance must be maintained in an amount equal to the full replacement value of the Property and for loss of revenues and be in form, amount and with deductibles satisfactory to LenderLender but in no event greater than 10% of the Allocated Loan Amount.

Appears in 3 contracts

Samples: Loan Agreement (Macquarie Infrastructure CO LLC), Loan Agreement (Macquarie Infrastructure CO LLC), Loan Agreement (Macquarie Infrastructure Assets Trust)

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