Common use of Commercial General Clause in Contracts

Commercial General. Liability Insurance against claims for personal injury, bodily injury, death and property damage occurring on, in or about the Premises or the Improvements in amounts not less than $1,000,000.00 per occurrence and $2,000,000.00 in the aggregate plus umbrella coverage in an amount not less than $25,000,000. Lender hereby retains the right to periodically review the amount of said liability insurance being maintained by Borrower and to require an increase in the amount of said liability insurance should Lender deem an increase to be reasonably prudent under then existing circumstances. The maximum deductible shall be $10,000.00.

Appears in 4 contracts

Samples: Security Agreement and Fixture (NNN Apartment REIT, Inc.), Trust, Security Agreement and Fixture Filing (NNN Healthcare/Office REIT, Inc.), Mortgage, Security Agreement and Fixture Filing (NNN Healthcare/Office REIT, Inc.)

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Commercial General. Liability Insurance against claims for personal injury, bodily injury, death and property damage occurring on, in or about the Premises or the Improvements in amounts not less than $1,000,000.00 per occurrence and $2,000,000.00 in the aggregate plus umbrella coverage in an amount not less than $25,000,00010,000,000. Lender hereby retains the right to periodically review the amount of said liability insurance being maintained by Borrower and to require an increase in the amount of said liability insurance should Lender deem an increase to be reasonably prudent under then existing circumstances. The maximum deductible shall be $10,000.00.

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (Campus Crest Communities, Inc.)

Commercial General. Liability Insurance against claims for personal injury, bodily injury, death and property damage occurring on, in or about the Premises or the Improvements in amounts not less than $1,000,000.00 per occurrence and $2,000,000.00 in the aggregate plus umbrella coverage in an amount not less than $25,000,0005,000,000. Lender hereby retains the right to periodically review the amount of said liability insurance being maintained by Borrower and to require an increase in the amount of said liability insurance should Lender deem an increase to be reasonably prudent under then existing circumstances. The maximum deductible shall be $10,000.0025,000.00.

Appears in 1 contract

Samples: Mortgage, Security Agreement and Fixture Filing (Industrial Income Trust Inc.)

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Commercial General. Liability Insurance against claims for personal injury, bodily injury, death and property damage occurring on, in or about the Premises or the Improvements in amounts not less than $1,000,000.00 per occurrence and $2,000,000.00 5,000,000.00 in the aggregate plus umbrella coverage in an amount not less than $25,000,0005,000,000.00. Lender Mortgagee hereby retains the right to periodically review the amount of said liability insurance being maintained by Borrower Mortgagor and to require an increase in the amount of said liability insurance should Lender Mortgagee deem an increase to be reasonably prudent under then existing circumstances. The maximum deductible shall be $10,000.00.

Appears in 1 contract

Samples: Mortgage and Security Agreement (First Union Real Estate Equity & Mortgage Investments)

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