Common use of Builder’s Risk Insurance Clause in Contracts

Builder’s Risk Insurance. In connection with any construction, Tenant shall maintain in full force and effect a builder's completed value risk policy ("Builder's Risk Policy") of insurance in a nonreporting form insuring against all "Special Form" risk of physical loss or damage to the Improvements, including but not limited to, risk of loss from fire and other hazards, collapse, transit coverage, vandalism, malicious mischief, theft, earthquake (if Leased Property is in earthquake zone 1 or 2) and sinkholes (if usually recommended in the area of the Leased Property). The Builder's Risk Policy shall include endorsements providing coverage for building materials and supplies and temporary premises. The Builder's Risk Policy shall be in the amount of the full replacement value of the Improvements and shall contain a deductible amount acceptable to Landlord. Landlord shall be named as an additional insured. The Builder's Risk Policy shall include an endorsement permitting initial occupancy.

Appears in 6 contracts

Samples: Lease Agreement (Balanced Care Corp), Master Lease Agreement (Balanced Care Corp), Lease Agreement (Alterra Healthcare Corp)

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Builder’s Risk Insurance. In connection with any construction, Tenant shall maintain in full force and effect a builder's ’s completed value risk policy ("Builder's ’s Risk Policy") of insurance in a nonreporting form insuring against all "Special Form" risk of physical loss or damage to the Improvements, including including, but not limited to, risk of loss from fire fire, windstorm and other hazards, collapse, transit coverage, vandalism, malicious mischief, theft, earthquake (if Leased Property is in earthquake zone 1 or 2) and sinkholes (if usually recommended in the area of the Leased Property). The Builder's ’s Risk Policy shall include endorsements providing coverage for building materials and supplies and temporary premises. The Builder's ’s Risk Policy shall be in the amount of the full replacement value of the Improvements and shall contain a deductible amount acceptable to Landlord. Landlord shall be named as an additional insured. The Builder's ’s Risk Policy shall include an endorsement permitting initial occupancy.

Appears in 3 contracts

Samples: Master Lease Agreement (LifeCare Holdings, Inc.), Master Lease Agreement (LifeCare Holdings, Inc.), Master Lease Agreement (LifeCare Holdings, Inc.)

Builder’s Risk Insurance. In connection with any construction, Tenant shall maintain in full force and effect a builder's completed value risk policy ("Builder's Risk Policy") of insurance in a nonreporting form insuring against all "Special Form" risk of physical loss or damage to the Improvements, including including, but not limited to, risk of loss from fire and other hazards, collapse, transit coverage, vandalism, malicious mischief, theft, earthquake (if Leased Property is in earthquake zone 1 or 2) and sinkholes (if usually recommended in the area of the Leased Property). The Builder's Risk Policy shall include endorsements providing coverage for building materials and supplies and temporary premises. The Builder's Risk Policy shall be in the amount of the full replacement value of the Improvements and shall contain a deductible amount acceptable to Landlord. Landlord shall be named as an additional insured. The Builder's Risk Policy shall include an endorsement permitting initial occupancy.

Appears in 3 contracts

Samples: Master Lease Agreement (Brookdale Senior Living Inc.), Master Lease Agreement (Alterra Healthcare Corp), Master Lease Agreement (Brookdale Senior Living Inc.)

Builder’s Risk Insurance. In connection with any construction, Tenant shall maintain in full force and effect a builder's ’s completed value risk policy coverage ("Builder's ’s Risk Policy") of insurance in a nonreporting form insuring against all "“All Risk” or “Special Form" risk of physical loss or damage to the Improvements, including including, but not limited to, risk of loss from fire and other hazards, collapse, transit coverage, vandalism, malicious mischief, theft, earthquake (if Leased Property is in earthquake zone 1 or 2) and sinkholes (if usually recommended in the area of the Leased Property). The Builder's ’s Risk Policy shall include endorsements providing coverage for building materials and supplies and temporary premises. The Builder's ’s Risk Policy shall be in the amount of the full replacement value of the Improvements and shall contain a deductible amount acceptable to Landlord. Landlord shall be named as an additional insured. The Builder's ’s Risk Policy shall include an endorsement permitting initial occupancy.

Appears in 2 contracts

Samples: Lease Agreement (Emeritus Corp\wa\), Lease Agreement (Emeritus Corp\wa\)

Builder’s Risk Insurance. In connection with any construction, Tenant shall maintain in full force and effect a builder's ’s completed value risk policy ("Builder's ’s Risk Policy") of insurance in a nonreporting form insuring against all "Special Form" risk of physical loss or damage to the Improvements, including including, but not limited to, risk of loss from fire and other hazards, collapse, transit coverage, vandalism, malicious mischief, theft, earthquake (if Leased Property is in earthquake zone 1 or 2) and sinkholes (if usually recommended in the area of the Leased Property). The Builder's ’s Risk Policy shall include endorsements providing coverage for building materials and supplies and temporary premises. The Builder's ’s Risk Policy shall be in the amount of the full replacement value of the Improvements and shall contain a deductible amount acceptable to Landlord. Landlord shall be named as an additional insured. The Builder's ’s Risk Policy shall include an endorsement permitting initial occupancy.

Appears in 1 contract

Samples: Master Lease Agreement (Tandem Health Care, Inc.)

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Builder’s Risk Insurance. In connection with any construction, Tenant shall maintain in full force and effect a builder's completed value risk policy ("Builder's Risk Policy") of insurance in a nonreporting form insuring against all "Special Form" risk of physical loss or damage to the Improvements, including but not limited to, risk of loss from fire and other hazards, collapse, transit coverage, vandalism, malicious mischief, theft, earthquake (if Leased Property Premises is in earthquake zone 1 or 2) and sinkholes (if usually recommended in the area of the Leased PropertyPremises). The Builder's Risk Policy shall include endorsements providing coverage for building materials and supplies and temporary premises. The Builder's Risk Policy shall be in the amount of the full replacement value Full Replacement Value of the Improvements improvements on the Premises and shall contain a deductible amount acceptable to Landlord. Landlord shall be named as an additional insured. The Builder's Risk Policy shall include an endorsement permitting initial occupancy.

Appears in 1 contract

Samples: Lease Agreement (American Retirement Corp)

Builder’s Risk Insurance. In connection with any constructionconstruction by Tenant, Tenant shall maintain in full force and effect a builder's completed value risk policy ("Builder's Risk Policy") of insurance in a nonreporting non-reporting form insuring against all "Special Form" risk of physical loss or damage to the Improvements, including including, but not limited to, risk of loss from fire and other hazards, collapse, transit coverage, vandalism, malicious mischief, theft, earthquake (if Leased Property is the Premises are in earthquake zone 1 or 2) and sinkholes (if usually recommended in the area of the Leased PropertyPremises). The Builder's Risk Policy shall include endorsements providing coverage for building materials and supplies and temporary premises. The Builder's Risk Policy shall be in the amount of the full replacement value of the Improvements and shall contain a deductible amount acceptable to Landlord. Landlord shall be named as an additional insured. The Builder's Risk Policy shall include an endorsement permitting initial occupancy.

Appears in 1 contract

Samples: Lease Agreement (Residential Healthcare Properties Inc)

Builder’s Risk Insurance. In connection with any construction, Tenant shall maintain in full force and effect a builder's completed value risk policy ("Builder's Risk Policy") of insurance in a nonreporting form insuring against all "Special Form" risk of physical loss or damage to the Improvements, including including, but not limited to, risk of loss from fire and other hazards, collapse, transit coverage, vandalism, malicious mischief, theft, earthquake (if any portion of the Leased Property is in earthquake zone 1 or 2) and sinkholes (if usually recommended in the area of the Leased Property). The Builder's Risk Policy shall include endorsements providing coverage for building materials and supplies and temporary premises. The Builder's Risk Policy shall be in the amount of the full replacement value of the Improvements and shall contain a deductible amount acceptable to Landlord. Landlord shall be named as an additional insured. The Builder's Risk Policy shall include an endorsement permitting initial occupancy.

Appears in 1 contract

Samples: Master Lease Agreement (Balanced Care Corp)

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