Common use of After issuance of a Clause in Contracts

After issuance of a. certificate of occupancy for each building comprising the Project, all risk property and, if applicable, boiler and machinery insurance against loss or damage to the Property or the Project (including contents) including but not limited to fire and extended coverage perils (but excluding flood and earthquake unless either or both are required by the Construction Lender) as WPHC may from time to time require, but in no event less than one hundred percent (100%) of the full replacement cost of the Property or the Project without deduction for physical depreciation, or the unpaid balance of any loans secured by the Property or the Project, whichever is greater;