Common use of Builder’s Risk Clause in Contracts

Builder’s Risk. During construction work on the Property, Tenant shall procure and pay for a Builders Risk related to the contemplated construction activities reasonably acceptable to Landlord. Landlord shall be named as a loss payee with respect to its interest in the Property during construction.

Appears in 8 contracts

Samples: Lease Agreement (Power REIT), Lease Agreement (Power REIT), Lease Agreement (Power REIT)

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Builder’s Risk. During construction work on the Property, Tenant shall procure and pay for a Builders Risk related to the contemplated construction activities reasonably acceptable to Landlord. Landlord shall be named as a loss payee with respect to its interest in the Property during construction.

Appears in 6 contracts

Samples: Lease Agreement (Millennium Investment & Acquisition Co Inc.), Lease Agreement (Power REIT), Lease Agreement (Power REIT)

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