Insured Peril definition

Insured Peril means a peril actually insured against for which the insurance proceeds actually received by Landlord are sufficient (except for any “deductible” amount specified by such insurance) to restore the Project under then existing building codes to the condition existing immediately prior to the damage; and (ii) the term “Uninsured Peril” shall mean any peril which is not an Insured Peril. Notwithstanding the foregoing, if the “deductible” for earthquake or flood insurance exceeds 2% of the replacement cost of the improvements insured, such peril shall be deemed an “Uninsured Peril”.

Insured Peril means a peril actually insured against for which the insurance proceeds actually received by Landlord (and which are not required to be paid to any Lender) are sufficient (except for any “deductible” amount specified by such insurance) to restore the Project under then existing Laws to the condition existing immediately prior to the damage; and (ii) the term “Uninsured Peril” shall mean any peril which is not an Insured Peril. Notwithstanding the foregoing, if the “deductible” for earthquake or flood insurance exceeds two percent (2%) of the replacement cost of the improvements insured, such peril shall, at Landlord’s election, be deemed an “Uninsured Peril” for purposes of this Lease.

Insured Peril means, collectively, all risks of physical loss including flood, earthquake and windstorm in the jurisdictions where the properties owned or operated by the Borrower or any of its Subsidiaries are located.

Examples of Insured Peril in a sentence

• These amounts include the cost of removal of debris of the property insured by this policy as a result of an Insured Peril.

• Thus, this updated model consists of six dimensions: (1) information quality, (2) system quality, (3) service quality,(4) use/intention to use, (5) user satisfaction, and (6) net benefits.

• Fair Rental Value shall not include any expense that does not continue while that part of the dwelling or detached private structure rented or held for rental is unfit for occupancy.If a civil authority prohibits access to your dwelling as a direct result of damage to neighboring premises by an Insured Peril under this form, we insure any resulting Additional Living Expense and Fair Rental Value loss for a period not exceeding two weeks.We do not insure the cancellation of a lease or agreement.

• Debris Removal We will pay the reasonable expense incurred by you in the removal of debris of insured property as a result of an Insured Peril.

• Fair Rental Value - If an Insured Peril makes that part of the dwelling or detached private structures rented to others or held for rental by you unfit for occupancy, we insure its Fair Rental Value.

More Definitions of Insured Peril

Insured Peril means a peril actually insured against for which the insurance proceeds are sufficient (except for any "deductible" amount specified by such insurance) to restore the Improvements under then-existing building codes to the condition existing immediately prior to the damage;

Insured Peril means a potential cause of occurrence of an insured event; specifically in these conditions, the Property Damage Insurance covers property damage to the insured property that occurred due to whatever reason; insured peril of the Advance Loss of Profits Insurance is threat of financial loss arising as a result of delay in commencement or interference with the insured business due to occurrence of an insured event under Property Damage Insurance, insured peril of the Third Party Liability Insurance is the insured becoming legally liable for damages in respect of bodily injury or property damage in connection with construction and/or erection works;

Insured Peril means a cause of loss or damage as described and limited for which you are insured by this policy.

Insured Peril means a cause of loss or damage as described and limited for which this policy offers coverage.

Insured Peril means a peril actually insured against for which the insurance proceeds paid or made available to Landlord are sufficient (except for any "deductible" amount specified by such insurance) to restore the Property under the then existing building codes to the condition existing immediately prior to the damage; and (ii) the term "Uninsured Peril" shall mean and include any peril not actually insured against, any peril actually insured against but for which the insurance proceeds paid or made available to Landlord are for any reason (except for any "deductible" amount specified by such insurance) insufficient to restore the Property under then existing building codes to the condition existing immediately prior to the damage, and any peril actually insured against but for which the insurance proceeds are not paid or made available to Landlord.

Insured Peril means a potential cause of occurrence of an insured event. Particularly for purposes of these conditions: within the scope of the all risks property insurance, the insurance shall cover any property damage that occurred to the insured property due to whatever reason. Within the scope of the named risks property insurance, the insurance shall cover the property damage that occurs to the insured property as a consequence of the insurance perils named for such purpose in the policy. Insured peril of the business interruption insurance is threat of financial loss arising as a result of business of the insured being interrupted or interfered by the occurrence an insured event under property insurance.

Insured Peril means a cause of loss or damage as described and limited for which the policy provides coverage.