Property Insurance Deductible. The loan documents permit a property insurance deductible of up to $250,000, or a greater amount if borrower provides lender with cash or a letter of credit in an amount equal to the difference between the actual deductible and $250,000. (iii)
Property Insurance Deductible. The loan documents permit a property insurance deductible of up to $500,000. The in-place property insurance deductible is $250,000. The aggregate loan amount is $550,000,000 ($382,700,000 senior and $167,300,000 subordinate). (ii)
Property Insurance Deductible. Loan documents permit a property insurance deductible up to $250,000. The in-place coverage provides for a $50,000 deductible.
Property Insurance Deductible. The loan documents permit a property insurance deductible up to $100,000. The in-place property insurance deductible is $25,000. (ii) Terrorism Insurance Cap. Loan documents provide that if TRIPRA or a successor statute is not in effect, borrower shall not be required to spend on terrorism insurance more than 1.5 times the cost of the then-current property and rent loss coverage (excluding the wind, flood and earthquake components of such premiums) required by the loan documents. (iii)
Property Insurance Deductible. If the master tenant provides third party insurance, the loan documents permit a property insurance deductible in an amount equal to the greater of (A) Rep. No. on Exhibit C Mortgage Loan and Number as Identified on Exhibit A Description of the Exception
Property Insurance Deductible. The loan documents permit a property insurance deductible of up to $100,000. The in-place deductible is $10,000. 18 Prudential - Digital Realty Portfolio (Loan No. 14) The loan documents provide for a property insurance deductible up to $100,000. 18 UNICO Portfolio IV (Loan No. 62) Borrower’s obligation to provide required insurance (including property, rent loss, liability and terrorism coverage) is suspended if tenant (Dollar General) provides third party insurance in accordance with its leases for the related properties. In each case, the related Dollar General lease requires the tenant to provide property and liability insurance; however, no maximum deductible is specified, and neither terrorism nor rent loss coverage is expressly required. The in-place property insurance deductible is $1,000, and both 12 months’ rent loss and terrorism coverage are in-place. The tenant has the obligation to rebuild the mortgaged property and no rent abatement or termination remedies for any reason during the loan term. Further, in the event of a casualty, the tenant controls the disbursement of available casualty proceeds.
Property Insurance Deductible. Loan documents permit a property insurance deductible of up to $250,000. The in-place coverage provides for a $25,000 deductible. (ii) Leased Fees. The mortgaged property consists of 140 separate parcels, of which 33 are unimproved, and 130 buildings. Various out-parcels are leased fees, where the tenant or other non-borrower party constructed improvements and either maintains its own insurance or self-insures. Subject to applicable restoration obligations, casualty proceeds are payable to the ground lessee or other non-borrower party and/or its leasehold mortgagee.
Property Insurance Deductible. If all or any part of the Cargo Dock is destroyed or damaged by any casualty occurring during the Term of this Lease Agreement after the Delivery Date, Lessee shall pay to the Authority, as an Additional Charge, the amount of the deductible under the Property Insurance policy described in Exhibit F.
Property Insurance Deductible. Loan documents permit a property insurance deductible of up to $100,000. The in-place coverage provides for a $100 deductible, except $10,000 for terrorism. (ii)
Property Insurance Deductible. The loan documents generally provide for a property insurance deductible of $100,000. With respect to the thirty properties leased to Save Mart, having an aggregate allocated loan amount equal to 45.7% of the original principal amount of the related whole loan, the loan documents provide for a deductible of $500,000 for the tenant-provided property insurance policy (the related in-place coverage provides for a $500,000 deductible). With respect to the two properties leased to Big Lots, Inc., having an aggregate allocated loan amount equal to 29.2% of the original principal amount of the related whole loan, the loan documents provide for a deductible of $1,000,000 for the tenant-provided property insurance policy (the related in-place coverage provides for a $1,000,000 deductible). (ii) Big Lots, Inc. 12 Months’ Rent Loss Coverage. With respect to the two properties leased to Rep. No. on Exhibit C Mortgage Loan and Number as Identified on Exhibit A Description of Exception
