Insurable Amount definition

Insurable Amount means the amount of title insurance coverage under the Title Policies for Phase I and Phase II, as determined by Developer in its reasonable judgment.
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Insurable Amount means the Gross Profit which would have been earned in the twelve months immediately following the Commencement of the Insured Event had the Insured Event not occurred to which such adjustments shall be made as necessary to provide for the trend of the Business and for variations in, or other circumstances affecting, the Business either before or after the Insured Event or which would have affected the Business had the Insured Event not occurred, so that the figures thus adjusted shall represent, as nearly as may be practicable, the results which but for the Insured Event would have been obtained during the relevant period after the Insured Event.
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Examples of Insurable Amount in a sentence

  • Tenant may increase the Insurable Amount without first obtaining Landlord’s consent so long as: (i) the increased Insurable Amount is consistent with Tenant’s practice for its retained properties, and (ii) the increased Insurable Amount would not prevent Tenant from self-insuring its insurance obligations pursuant to Section 13.9 if it chose to do so.

  • Your sum insured – the penalty for underinsurance If at the time of the Damage the sum insured for the Specified Equipment is less than 85% of the Insurable Amount (see below) You will be responsible for the difference and You will bear a proportionate share of the loss.

  • Otherwise, Tenant must obtain Landlord’s consent, which will not be unreasonably withheld or delayed, to increase the Insurable Amount.

  • The Insurable Amount shall be the value of reinstating the Property to a condition substantially the same as when new at the level of costs applying at the commencement of the Period of Insurance.

  • Underinsurance If the sum insured is less than 85% of the Insurable Amount (see below) the amount payable shall be proportionately reduced.

  • Upon each Closing Date, Title Insurer shall issue to Developer the Title Policy (in the form of the Standard Coverage Policy), with liability in the amount of the applicable Insurable Amount, insuring that fee title to the Phase I or Phase II, as the case may be, is vested in Developer, subject only to the Permitted Property Exceptions.

  • Otherwise, Tenant must obtain Landlord's consent, which will not be unreasonably withheld, delayed or conditioned, to increase the Insurable Amount.

  • Otherwise, Tenant must obtain Landlord’s consent, which will not be unreasonably withheld, delayed or conditioned, to increase the Insurable Amount.

  • Tenant may increase the Insurable Amount without first obtaining Landlord's consent so long as: (i) the increased Insurable Amount is consistent with Tenant's practice for its retained properties, and (ii) the increased Insurable Amount would not prevent Tenant from self-insuring its insurance obligations pursuant to Section 13.9 if it chose to do so.