Common use of Insurance against Acts of Terrorism Clause in Contracts

Insurance against Acts of Terrorism. The insurance coverage provided under Section 9.03(a) in effect as of the Closing Date and during the Loan term must also insure against loss or damage resulting from acts of terrorism or comparable coverage acceptable to Lender in its discretion, including, without limitation, in such amount as is at all times sufficient to prevent Borrower or Lender from becoming a co-insurer within the terms of the applicable policy(ies). The deductible shall not exceed $10,000.

Appears in 2 contracts

Samples: Loan Agreement (Resource Real Estate Opportunity REIT, Inc.), Loan Agreement (Angeles Income Properties LTD Ii)

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Insurance against Acts of Terrorism. The insurance coverage provided under Section 9.03(a) in effect as of the Closing Date and during the Loan term must also insure against loss or damage resulting from acts of terrorism or comparable coverage acceptable to Lender in its discretion, including, without limitation, in such amount as is at all times sufficient to prevent Borrower or Lender from becoming a co-insurer within the terms of the applicable policy(ies). The deductible shall not exceed $10,00010,000.00.

Appears in 2 contracts

Samples: Loan Agreement (Cole Credit Property Trust V, Inc.), Loan Agreement (Consolidated Capital Properties Iv)

Insurance against Acts of Terrorism. The insurance coverage provided under Section 9.03(a) in effect as of the Closing Date and during the Loan term must also insure against loss or damage resulting from acts of terrorism or comparable coverage acceptable to Lender in its discretion; provided, includinghowever, without limitationthat (A) such terrorism coverage shall be required only so long as, and to the extent, such terrorism coverage is commercially available; and (B) in such amount as is at all times sufficient no event shall Borrower be required to prevent Borrower or Lender from becoming a co-insurer within the terms pay in excess of the applicable policy(ies)commercially reasonable rates. The deductible shall not exceed $10,00050,000.00.

Appears in 1 contract

Samples: Loan Agreement (CNL Hotels & Resorts, Inc.)

Insurance against Acts of Terrorism. The insurance coverage provided under Section 9.03(a) in effect as of the Closing Date and during the Loan term must also insure against loss or damage resulting from acts of terrorism or comparable coverage acceptable to Lender in its discretion, including, without limitation, in such amount as is at all times sufficient to prevent Borrower or Lender from becoming discretion with a co-insurer within the terms of the applicable policy(ies). The deductible shall that does not exceed $10,00025,000, provided such coverage is commercially available for properties similar to the Property and located in or around the region in which the Property is located.

Appears in 1 contract

Samples: Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.)

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Insurance against Acts of Terrorism. The insurance coverage provided under Section 9.03(a) in effect as of the Closing Date and during the Loan term Term must also insure against loss or damage resulting from acts of terrorism or comparable coverage acceptable to Lender in its discretion, including, without limitation, in such amount as is at all times sufficient to prevent Borrower or Lender from becoming a co-insurer within the terms of the applicable policy(ies). The deductible shall not exceed $10,00010,000.00 for each Individual Property.

Appears in 1 contract

Samples: Loan Agreement (Macquarie Infrastructure CO LLC)

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