Examples of Named Storm in a sentence
Property Insurance may also include coverage for other risks that Lender may reasonably require such as earthquake, Named Storm, sinkhole, mine subsidence, and ordinance or law (if any Mortgaged Property does not conform with applicable building, zoning or land use laws, rules or regulations).
As of the Cut-off Date, the Mortgagor has purchased, and delivered evidence of, a fully bound qualified named storm policy, and has otherwise obtained all necessary approvals with respect to the release of the Named Storm Coverage Amount in accordance with the requirements set forth in the Mortgage Loan documents as described herein and in accordance with any lender approval processes as governed by the terms of the pooling and servicing agreement applicable to the controlling note of the Whole Loan.
Named Storm $750,000,000 each and every occurrence combined for PD & BI and in the annual aggregate, except $25,000,000 each and every occurrence combined for PD & BI and in the annual aggregate for locations in Zone 2.
Therefore any Flood created during the 72-hour period of time that created the Plaintiff’s damages due to the Named Storm would be adjusted as one occurrence, and be subject to one deductible, but also to the one clearly defined sublimit.
All risk property insurance including, but not limited to, Flood, Earthquake, Wind & Hail (including Named Storm), insuring all real property, boilers, machinery, equipment, personal property, trade fixtures and improvements in the Property.