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

• We will pay any actual, reason- able and necessary expenses for emergency repairs incurred in protecting your insured property from further damage if the damage was caused by an Insured Peril.

• If an Insured Peril makes your mobile home unfit for occupancy, or you have to move out while repairs are being made, we insure any necessary increase in living expenses, including moving expenses incurred by you, so that your household can maintain its normal standard of living.

• 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.

• If damage caused by an Insured Peril occurs at a neighboring premises, we will pay any resulting loss of normal rents for up to two weeks if civil authorities prohibit occupancy of your dwelling.

• If an Insured Peril makes the dwelling or that part of the unit 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 shall have the meaning given for such term in section 7.01.

Insured Peril. The term “Insured Peril” shall have such meaning as is set forth in Section 11.2.