Total Insurable Value definition

Total Insurable Value means the sum of the Replacement Cost, business income/rental value Insurance and the value of any business personal property.
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Total Insurable Value means the sum of the full replacement cost of the Improvements of the Property inclusive of furniture, fixtures and equipment plus twelve (12) months of business interruption insurance. Trademarks shall mean all trademarks, service marks, certification marks, collective marks, business names, corporate names, trade names, d/b/a's, trade dress, designs, logos, slogans, and all other indicia of origin or quality, and general intangibles of like nature, whether registered or unregistered, and all goodwill of any business connected with the use thereof and symbolized thereby. Transaction Parties shall mean, jointly and severally, Borrower, Operating Lessee, Guarantor and any other Affiliate of any of the foregoing that is a party to any Loan Document; provided, however, that an Affiliate shall not include a person executing an Officer’s Certificate and not otherwise a party to any other Loan Document. Transfer shall mean to, directly or indirectly, sell, assign, convey, mortgage, transfer, pledge, hypothecate, encumber, grant a security interest in, lease, exchange or otherwise dispose of any beneficial interest or grant any option or warrant with respect to, or where used as a noun, a direct or indirect sale, assignment, conveyance, transfer, pledge or other disposition of any beneficial interest by any means whatsoever whether voluntary, involuntary, by operation of law or otherwise. UCC or Uniform Commercial Code shall mean the Uniform Commercial Code as in effect in the State.
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Total Insurable Value means $189,000,000, increased each year commencing on the first (1st) anniversary of the Closing Date by the percentage increase in the Consumer Price Index for All Urban Consumers that is published by the Bureau of Labor Statistics for the city in which the Property is located.
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Examples of Total Insurable Value in a sentence

  • Except as otherwise provided in Section 6.1.11, such insurance (i) shall be Replacement Cost Coverage in an amount equal to the full replacement cost of the Property or such lesser amounts approved by Administrative Agent in its sole discretion, and (ii) shall have deductibles no greater than $250,000 for insurance required hereunder (or, with respect to named seismic insurance and named storm insurance, deductibles no greater than the 5% of the Total Insurable Value).

  • Specific authority is granted to J▇▇▇▇ ▇▇▇▇▇▇ and J▇▇▇ ▇▇▇▇▇▇ for an additional ten percent (10%) over line of the limit for Total Insurable Value and for Reinsurer's maximum limit.

  • Sum Insured: An amount sufficient to reinstate the property as determined by the Total Insurable Value schedule at the time of completion of the project.


More Definitions of Total Insurable Value

Total Insurable Value means the sum of the Replacement Cost, business income/rental value Insurance and the value of any business personal property. “Transfer” means any of the following:
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Total Insurable Value means the replacement cost of the Property as determined by Borrower's insurance company.
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Total Insurable Value means the sum of the full replacement cost of the Improvements of the Property inclusive of furniture, fixtures and equipment plus twelve (12) months of business interruption insurance.
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Total Insurable Value means the total value of the Insured’s acreage as calculated as the product of the insurable value and the number of acres by crop.
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