Common use of Rent Loss/Business Interruption Clause in Contracts

Rent Loss/Business Interruption. Borrower shall maintain rent loss or business interruption insurance sufficient to prevent Agent from being a co-insurer, and in an amount not less than eighteen (18) months’ projected gross income from the Property, and whenever possible, for the length of reconstruction, whichever is longer.

Appears in 1 contract

Sources: Loan Agreement (KBS Strategic Opportunity REIT, Inc.)

Rent Loss/Business Interruption. Borrower shall maintain rent loss or business interruption insurance sufficient to prevent Agent from being a co-insurerco­insurer, and in an amount not less than eighteen (18) months’ ' projected gross income from the Property, and whenever possible, for the length of reconstruction, whichever is longer.

Appears in 1 contract

Sources: Loan Agreement (KBS Real Estate Investment Trust III, Inc.)