Common use of Builder’s Risk Insurance Clause in Contracts

Builder’s Risk Insurance. At all times during which structural construction, repairs or alterations are being made with respect to the Improvements (A) owner's contingent or protective liability insurance covering claims not covered by or under the terms or provisions of the above mentioned commercial general liability insurance policy; and (B) the insurance provided for in Subsection 3.3(a)(i) written in a so-called builder's risk completed value form (1) on a non-reporting basis, (2) against all risks insured against pursuant to Subsection 3.3(a)(i), (3) including permission to occupy the Property, and (4) with an agreed amount endorsement waiving co-insurance provisions; and

Appears in 15 contracts

Samples: Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Corporate Property Associates 15 Inc), Deed of Trust and Security Agreement (Corporate Property Associates 15 Inc), Deed to Secure Debt and Security Agreement (Acuity Brands Inc)

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Builder’s Risk Insurance. At Borrower is required to maintain, at all times during which structural construction, construction repairs or alterations are being made with respect to the Improvements improvements (A) owner's ’s contingent or protective liability insurance covering claims not covered by or under the terms or provisions of the above mentioned commercial general liability insurance policy; and (B) the insurance provided for in Subsection 3.3(a)(i) Paragraph 1 hereof written in a so-called builder's ’s risk completed value form (1) on a non-reporting basis, (2) against all risks insured against pursuant to Subsection 3.3(a)(i)said Paragraph 1 hereof, (3) including permission to occupy the Property, and (4) with an agreed amount endorsement waiving co-insurance provisions; and.

Appears in 2 contracts

Samples: Bond Issuance and Pledge Agreement, Loan Agreement

Builder’s Risk Insurance. At all times during which structural construction, repairs or alterations are being made with respect to the Improvements (A) owner's ’s contingent or protective liability insurance covering claims not covered by or under the terms or provisions of the above mentioned commercial general liability insurance policy; and (B) the insurance provided for in Subsection 3.3(a)(i) written in a so-called builder's ’s risk completed value form (1) on a non-reporting basis, (2) against all risks insured against pursuant to Subsection 3.3(a)(i), (3) including permission to occupy the Property, and (4) with an agreed amount endorsement waiving co-insurance provisions; and

Appears in 1 contract

Samples: Deed of Trust and Security Agreement (Innovative Micro Technology Inc)

Builder’s Risk Insurance. At all times during which structural construction, repairs or alterations are being made with respect to the Improvements (A) owner's contingent or protective liability insurance covering claims not covered by or under the terms or provisions of the above mentioned commercial general liability insurance policy; and (B) the insurance provided for in Subsection 3.3(a)(i) written in a so-called builder's risk completed value form (1) on a non-reporting basis, (2) against all risks insured against pursuant to Subsection 3.3(a)(i), (3) including permission to occupy the Property, and (4) with an agreed greed amount endorsement waiving co-insurance provisions; and

Appears in 1 contract

Samples: Convertible Promissory Notes (Minrad International, Inc.)

Builder’s Risk Insurance. At all times during which structural ------------------------ construction, repairs or alterations are being made with respect to the Improvements (A) owner's contingent or protective liability insurance covering claims not covered by or under the ----------------------- terms or provisions of the above mentioned commercial general ------------------------------------------------------------- liability insurance policy; and (B) the insurance provided for in Subsection 3.3(a)(i4.3(a)(i) written in a so-called builder's risk completed value form (1) on a non-reporting basis, (2) against all risks insured against pursuant to Subsection 3.3(a)(i4.3(a)(i), (3) including permission to occupy the Property, Property and (4) with an agreed amount endorsement waiving co-insurance provisions; and

Appears in 1 contract

Samples: Mortgage, Security Agreement and Fixture Filing (Globix Corp)

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Builder’s Risk Insurance. At all times during which structural construction, repairs or alterations are being made with respect to the Improvements (A) owner's contingent or protective liability insurance covering claims not covered by or under the terms or provisions of the above mentioned commercial general liability insurance policy; , and (B) the insurance provided for in Subsection 3.3(a)(i) written in a so-called builder's risk completed value form (1) on a non-reporting basis, (2) against all risks insured against pursuant to Subsection 3.3(a)(i), (3) including permission to occupy the Propertyproperty, and (4) with an agreed amount endorsement waiving co-insurance provisions; , and

Appears in 1 contract

Samples: Deed of Trust (Pyramid Breweries Inc)

Builder’s Risk Insurance. At all times during which structural construction, repairs or alterations are arc being made with respect to the Improvements (A) owner's ’s contingent or protective liability insurance covering claims not covered by or under the terms or provisions of the above mentioned commercial general liability insurance policy; and (B) the insurance provided for in Subsection 3.3(a)(i) written in a so-called builder's ’s risk completed value form (1I) on a non-reporting basis, (2) against all risks insured against pursuant to Subsection 3.3(a)(i3,3(a)(i), (3) including permission to occupy the Property, and (4) with an agreed amount endorsement waiving co-insurance provisions; and

Appears in 1 contract

Samples: Mortgage and Security Agreement (Resource Real Estate Opportunity REIT, Inc.)

Builder’s Risk Insurance. At all times during which structural construction, repairs or alterations are being made with respect to the Improvements (A) owner's contingent or protective liability insurance covering claims not covered by or under the terms or provisions of the above mentioned commercial general liability insurance policy; and (B) the insurance provided for in Subsection 3.3(a)(i) written in a so-called builder's risk completed value form (1) on a non-reporting basis, (2) against all risks insured against pursuant to Subsection 3.3(a)(i), (3) including permission to occupy the Property, and (4) with an agreed amount endorsement waiving co-insurance provisions; and;

Appears in 1 contract

Samples: Leasehold Mortgage and Security Agreement (Corporate Property Associates 15 Inc)

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