Common use of Business Interruption and Loss of Rent Insurance Clause in Contracts

Business Interruption and Loss of Rent Insurance. The Manager shall obtain a business interruption and loss of rent insurance policy with coverage against all of the risks referred to in Subsection (a)(i) above. The insurance shall be in an amount equal to not less than 100% of the annual rent roll schedules of the Properties covering all tenants and shall be endorsed to cover unoccupied and unleased space at pro forma rents and shall include gross budgeted revenues for all other activities. The policy shall contain an Agreed Amount Endorsement waiving all coinsurance provisions.

Business Interruption and Loss of Rent Insurance. The Manager shall obtain a business interruption and loss of rent insurance policy with coverage against all of the risks referred to in Subsection (a)(i) above. The insurance shall be in an amount equal to not less than 100% of the annual rent roll schedules of the Properties Property covering all tenants and shall be endorsed to cover unoccupied and unleased space at pro forma rents and shall include gross budgeted revenues for all other activities. The policy shall contain an Agreed Amount Endorsement waiving all coinsurance provisions.