Insurance Deductible. If Landlord elects to repair any damage caused by an insured casualty as provided in Section 16.1, Tenant shall, within fifteen (15) days after receipt of written notice from Landlord, pay the amount of any deductible (or its share thereof) under any insurance policy covering such damage or destruction, in accordance with Section 9.4 above.
Insurance Deductible. Pursuant to Article 11.1, if an Employee’s vehicle is vandalized while in the performance of their duties the Employee shall be entitled to receive reimbursement of the amount of the deductible insurance coverage applicable to the damage incurred on submission of appropriate documentation.
Insurance Deductible. Loan documents permit property insurance deductible of up to $100,000. (ii) Terrorism Insurance Cap. If TRIA or a successor statute is not in effect, borrower shall not be required to spend on terrorism insurance more than 2 times the cost of the property and rent loss coverage required by the loan documents. (iii)
Insurance Deductible. Loan documents permit insurance deductible up to $1.5million. In-place coverage currently provides for $1 million deductible. The borrower’s stated net worth as of March 20, 2015 is $78 million. (ii) Insurance Syndicate/Insurer Ratings. The loan documents provide that that if a syndicate of carriers is providing coverage, at least 75% of the coverage (if four or fewer carriers) or 60% of the coverage (if five or more carriers) must be rated S&P “A-” with the balance having a rating of not less than S&P “BBB”; provided, however, that RSUI Indemnity Company (currently A.M. Best’s “A+/XIV”; S&P “NR”; Fitch “A”), Aspen Specialty Insurance Company (currently A.M. Best’s “A/XV”; S&P “NR”; Fitch “NR”) and Partner Re Ireland insurance Limited (currently A.M. Best’s “NR”; S&P “A+”; Fitch “NR”) are deemed acceptable so long as each insurer does not move lower in the syndicate (with respect to layers of coverage), increase their limits or fail to maintain their current ratings with Fitch, A.M. Best or S&P, respectively.
Insurance Deductible. If Landlord is required or elects to repair any Premises Damage caused by an insured casualty, Tenant shall, within thirty (30) days after receipt of written notice from Landlord, pay the amount of any commercially reasonable deductible or its Share thereof under any insurance policy covering such Premises Damage, in accordance with Section 9.3 above; provided that Tenant will not be required to pay any portion of any deductible where the casualty covered by the insurance giving rise to such deductible was caused solely by the negligence or willful misconduct of another tenant or occupant of the Center.