Property Insurance Policy. Commencing on the earlier to occur of Substantial Completion of the Project Improvements or when StadCo acquires such care, control or custody over the Project Improvements such that the insurance policies required under Section 13.1 are inadequate to protect the insurable interests therein of the Authority and StadCo, StadCo shall, at its sole cost and expense, obtain, keep, and maintain the property insurance policy and the boiler and machinery and equipment coverage described in Sections 5.1(e) and (f) of the Stadium Lease even though the term of the Stadium Lease has not commenced (collectively, the “Property Insurance Policy”). However, StadCo shall not be required to provide a Property Insurance Policy for any Project Improvements that are: (a) not owned or leased by StadCo or the Authority; or (b) a type of infrastructure assets not customarily insured for physical perils such as public streets and roads.
Property Insurance Policy. No later than the Substantial Completion of the Project Improvements Work or Material Additional Work, as applicable, and at all times during the remainder of the Term, Tenant shall, at its sole cost and expense, obtain, keep, and maintain a special form (formerly “all risk”) property insurance policy (the “Property Insurance Policy”) providing for coverage of the Project Improvements, any Additional Improvements and the Personal Property against loss or damage due to Insured Casualty Risks covered by the broadest form of extended coverage insurance generally available on commercially reasonable terms from time to time available in the City of Xxxxx, Brazos County, Texas, and affording coverage for, among other things, demolition and debris removal (with a $1,000,000 sublimit), landscaping (with a $250,000 sublimit), compliance with law (with a $1,000,000 sublimit), losses from malicious acts of any employee or agent of an insured and, to the extent available on commercially reasonable terms, terrorism, naming Tenant as the first named insured and Landlord as loss payee for a sum at least equal to one hundred percent (100%) of the insurable replacement cost of the Project Improvements, any Additional Improvements and the Personal Property (without reduction for physical depreciation or obsolescence), and with any deductible not exceeding One Hundred Thousand and No/100 Dollars ($100,000.00) per loss except as to wind and hail where the deductible may not exceed Two Hundred Fifty Thousand and No/100 Dollars ($250,000.00) per loss, unless, in each case, such deductible is lower than what is available on commercially reasonable terms and, so long as the higher deductible meets the Insurance Standard, Tenant shall be entitled to maintain the deductible that is available on commercially reasonable terms.
Property Insurance Policy. 13.1.1 The Lessor shall take out insurance on a fully comprehensive all risk basis for the Leased Asset during the Lease Term in accordance with the terms of Part 2 to Schedule 6 (insurance matters) (Property Insurance Policy).
Property Insurance Policy. No later than the Substantial Completion of the Project Improvements Work or Material Additional Work, as applicable, and at all times during the remainder of the Term, Landlord shall, at its sole cost and expense, obtain, keep, and maintain a special form (formerly “all risk”) property insurance policy on a replacement cost basis for 100% of the insurable replacement cost of the Project Improvements Work and any Material Additional Work (collectively, the “Property Insurance Policy”) providing for coverage of the Project Improvements and any Additional Improvements against loss or damage due to Insured Casualty Risks covered by the broadest form of extended coverage insurance generally available on commercially reasonable terms from time to time available in the City of Xxxxxx, Xxxxxx County, Texas. The Property Insurance Policy shall name Tenant as Loss Payee and the Permitted Project Financing Holders as Mortgagee.
Property Insurance Policy. 4.1.1 During the Lease Term, the Service Agent shall take out and maintain in force the Property Insurance Policy.
Property Insurance Policy. Property Insurance with "All ------ ------------------------- Risk" coverage while such property is under construction, being maintained, in transit or operation, with limits of no less than the replacement cost value of such property at the time of the loss.
Property Insurance Policy. Choose who pays for title insurance, who selects the title insurance company, and whether to allow exclusions or exclusions for the title insurance policy. Step 27 - Select Tax Status 36. Tax Status. Select the state laws that govern the interpretation of this purchase agreement. Step 28 - Activate the dispute option 37. Dispute. Choose whether the lessor/seller and lessee/buyer will resolve all disputes through litigation, binding arbitration, arbitration, or arbitration followed by arbitration. Step 29 - Enter Other Information 38. Misc. Add any additional terms of this rental agreement. Example of a rental agreement Below is what a typical rental agreement looks like: for example:
Property Insurance Policy. Commencing upon the Commencement of Operations, and at all times during the Term, Licensor shall obtain, keep, and maintain an “All Risk” property insurance policy (the “All Risk Property Insurance Policy”) that meets the Insurance Standard and that provides for coverage of the Stadium Improvements and FF&E against loss or damage due to Insured Casualty Risks covered by insurance generally available on commercially reasonable terms from time to time available in the City. Licensee shall reimburse Licensor for the cost of the annual premiums, as charged by the DOAS, for the All Risk Property Insurance Policy and for any deductible paid by Licensor. The All Risk Property Insurance Policy shall name Licensor as the first named insured and Licensee as an additional insured, as their respective interests may appear, for a sum (with appropriate sub-limits) and with a deductible that meets the Insurance Standard (but initially not exceeding One Million Dollars ($1,000,000) per occurrence). The Parties will work together in good faith in going to market to obtain the All Risk Property Insurance Policy and to agree upon the appropriate policy that would satisfy this Section 11.1.3.
Property Insurance Policy. Commencing on the earlier to occur of Substantial Completion of the Project Improvements or when StadCo acquires such care, control or custody over the Project Improvements such that the insurance policies required under Section
Property Insurance Policy. Commencing on the earlier to occur of Substantial Completion of the Project Improvements or when StadCo acquires such care, control or custody over the Project Improvements such that the insurance policies required under Section 13.1 are inadequate to protect the insurable interests therein of the Authority and 9 Note to Draft – Insurance coverages and limits are subject to review. StadCo, StadCo shall, at its sole cost and expense, obtain, keep, and maintain the property insurance policy and the boiler and machinery and equipment coverage described in Sections 5.1(e) and (f) of the Stadium Lease even though the term of the Stadium Lease has not commenced (collectively, the “Property Insurance Policy”). However, StadCo shall not be required to provide a Property Insurance Policy for any Project Improvements that are: (a) not owned or leased by StadCo or the Authority; or (b) a type of infrastructure assets not customarily insured for physical perils such as public streets and roads.
