Evidence of Property Insurance Clause Samples
The Evidence of Property Insurance clause requires a party, typically the property owner or tenant, to provide proof that adequate insurance coverage is in place for the property in question. This is usually accomplished by submitting a certificate of insurance or similar documentation to the other party, often the landlord or lender, confirming that the property is insured against specified risks such as fire, theft, or natural disasters. The core function of this clause is to ensure that all parties have assurance that the property is protected, thereby reducing financial risk and potential disputes in the event of damage or loss.
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Evidence of Property Insurance. The Lessor shall have received evidence of insurance with respect to the Property required to be maintained pursuant to this Lease, setting forth the respective coverages, limits of liability, carrier, policy number and period of coverage, and otherwise satisfying the requirements set forth in Article XVII.
Evidence of Property Insurance. The Agent Certificate Holder and the Administrative Agent shall have received evidence that the insurance maintained by the Lessee with respect to such Property satisfies the requirements set forth in Article XIII of the Master Lease, setting forth the respective coverage, limits of liability, carrier, policy number and period of coverage.
Evidence of Property Insurance. The Agent on behalf of the Lessor Parties shall have received evidence that the insurance maintained by the Lessee with respect to the Property as of the Initial Funding Date satisfies the requirements set forth in Section 10 of the Master Lease, setting forth the respective coverage, limits of liability, carrier, policy number and period of coverage.
Evidence of Property Insurance. Any of the following options are acceptable at closing and renewal: • A Copy of the Policy • ▇▇▇▇▇ 28 Evidence of Commercial Property Insurance • ▇▇▇▇▇ 27 Evidence of Property Insurance showing the following Coverages, Limits, Deductibles, and Forms: ◦ Building ◦ Rents ◦ Equipment Breakdown/Boiler & Machinery ◦ Ordinance and Law Coverage A ◦ Agreed Amount/Waiver of Coinsurance ◦ Replacement Cost Valuation ◦ Special/All Risk Cause of Loss ◦ If Required: 11187841_2.doc ▪ Earthquake, Flood, and Named Wind (Waiver Required for < 100% Replacement Value). PPM does not recognize PML as a viable alternative to full replacement value for Named Wind ▪ Terrorism • Proprietary Carrier Forms identifying the prescribed Coverages, Limits, Deductibles, and Forms • If either the borrower or a tenant is permitted to “self insure”; a document acknowledging their intent to self- insure must be received annually
Evidence of Property Insurance. Lessor and each Agent shall have received evidence of insurance with respect to the Properties required to be maintained pursuant to the Construction Agency Agreement, setting forth the respective coverages, limits of liability, carrier, policy number and period of coverage.
Evidence of Property Insurance. With respect to the first Construction Advance for each Property, the Administrative Agent and the Lessor shall have received evidence that the insurance maintained by the applicable Lessee with respect to such Property satisfies requirements set forth in Article XIII of the Master Lease, setting forth the respective coverage, limits of liability, carrier, policy number and period of coverage.
Evidence of Property Insurance. Before the Effective Date, and at least 30 days before the expiration of that policy, Tenant must deliver to Landlord proof of its property and business income insurance on ▇▇▇▇▇ form 28 “Evidence of Property Insurance” and of its CGL and workers’ compensation insurance on ▇▇▇▇▇ form 25 “Certificate of Insurance,” with copies of any required endorsements attached.
Evidence of Property Insurance. Lessor and each Agent shall have received evidence of insurance with respect to the Traville Facility required to be maintained pursuant to the Construction Agency Agreement, setting forth the respective coverages, limits of liability, carrier, policy number and period of coverage.
Evidence of Property Insurance. 14 (k) Environmental Audit . . . . . . . . . . . . . . 14 (l) Property Survey . . . . . . . . . . . . . . . . 14 (m)
Evidence of Property Insurance. The Agent, the Lessor and the Certificate Holders shall have received evidence that the insurance maintained by the Lessee with respect to the applicable Site satisfies the requirements set forth in Section 12 of the Master Lease, which evidence shall set forth the respective coverage, limits of liability, carrier, policy number and period of coverage.