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Coverage and Amount Sample Clauses

Coverage and Amount. During the Term, Tenant shall maintain policies of insurance at its sole cost and expense as follows: (i) Insurance against loss or damage to the Demised Premises by fire and from such other hazards as may be covered by the form of all risk coverage then in effect (including specifically damage by water, flood or earthquake) all in an amount sufficient to prevent any coinsurance provision from becoming effective but in any event ln an amount not less than 100% of the then replacement value of the Building without depreciation except for flood and earthquake insurance which shall be in the amount of One Million Dollars ($1,000,000.00). This insurance shall include but not be limited to the following: a. Boiler and other pressure vessels, plate glass and elevator insurance, if appropriate (Tenant shall have the right to be self-insured as to plate glass); and b. Insurance against riot or civil commotion, vandalism, aircraft, sprinkler leakage, all risk endorsement rider (the SMP allrisk form) or the equivalent, and "Demolition" and "Increased Cost of Construction". In addition to the foregoing, such insurance shall include, but not be limited to windstorm, hail, explosion, flood or earthquake, riot and civil commotion, damage from aircraft and vehicles, smoke damage, and such coverage as may be deemed necessary by the Landlord. These insurance provisions shall in no way limit or modify any of the obligations of the Tenant under any provision of this Lease to restore the Demised Premises. Anything contained herein to the contrary not- withstanding, the insurance required by this paragraph shall in all events be sufficient to comply with the requirements of any fee mortgage and the replacement value shall in no event be less than FIVE MILLION FIVE HUNDRED THOUSAND and NO/100 Dollars ($5,500,000.00) except for flood and earthquake insurance which shall be in the amount of One Million Dollars ($1,000,000.00). Landlord may demand that such replacement value be determined from time to time by an appraiser, engineer, architect or contractor designated and paid for by Tenant and approved in writing by Landlord. No omission on the part of Landlord to request any such determination shall relieve Tenant of any of its obligations under this Article 6. (ii) Rent insurance, with all risk coverage, in an amount not less than one year's current Basic Rent and Additional Rent and one year's taxes and premiums for the insurance required by this Article 6. (iii) If appropriate...
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Coverage and Amount. The District shall maintain or cause to be maintained rental income or use and occupancy insurance in an amount not less than the maximum remaining scheduled Lease Payments in any future 24-month period, to insure against loss of rental income from the Property caused by perils covered by the insurance required to be maintained as provided in Section 5.3 hereof. Notwithstanding the foregoing, rental interruption insurance will not be provided in connection with earthquake or flood events unless commercially available at a reasonable cost in the judgment of the District. Such rental interruption insurance shall name the Trustee and the Lessor as additionally insured parties and may not be provided in the form of self-insurance.
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Coverage and Amount. Except as set forth in this Section 4.2(a), RIDA shall not be required to maintain any rental interruption insurance with respect to the Facility for the City’s lost rental income under this Sublease or the JEPA’s lost rental income under the Facility Lease (“Facility Lease Lost Rental Income Insurance”). If the City requests that RIDA procures and maintains Facility Lease Lost Rental Income Insurance, then RIDA shall use commercially reasonable efforts to procure such Facility Lease Lost Rental Income Insurance in accordance with this Section 4.2(a) so long as procuring or maintaining such Facility Lease Lost Rental Income Insurance does not adversely affect any other insurance that RIDA maintains in connection with the Resort Hotel or the Convention Center, including any insurance that RIDA is required to procure and maintain pursuant to any Convention Center Lease, the Project Implementation Agreement, the Ground Lease or any documentation that evidences or secures any Financing Transaction (as defined in the Ground Lease) or any Financing Transaction (“RIDA Baseline Insurance”), it being understood that RIDA may intend to procure some or all of the RIDA Baseline Insurance through a program managed by the Hotel Operator or an affiliate of the Hotel Operator, and RIDA may determine in its reasonable discretion that procuring the RIDA Baseline Insurance other than through such program would have an adverse effect on the RIDA Baseline Insurance. RIDA shall request proposals for Facility Lease Lost Rental Income Insurance after the City requests that RIDA do so, and shall present such proposals to the City for its consideration. If and as needed, RIDA and the City shall meet and confer regarding such proposals. The Parties understand that it may be most efficient for RIDA to procure Facility Lease Lost Rental Income Insurance in conjunction with the RIDA Baseline Insurance. If (i) the City, in its reasonable discretion, selects a proposal for the procurement of such Facility Lease Lost Rental Income Insurance and (ii) RIDA (A) determines that procuring such Facility Lease Lost Rental Income Insurance will not adversely affect any RIDA Baseline Insurance (including RIDA’s ability to procure RIDA Baseline Insurance) or (B) determines in its sole discretion to procure such Facility Lease Lost Rental Income Insurance, then RIDA shall procure such Facility Lease Lost Rental Income Insurance for the applicable policy period (assuming that such Facility Lease Lost...
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Coverage and Amount. The Lessee shall maintain or cause to be maintained, rental income or use and occupancy insurance in an amount not less than the maximum Lease Payments payable in any one year period (calculated based upon the maximum principal component hereunder as provided in Exhibit A and an interest rate as provided in Exhibit A hereto), to insure against abatement of Lease Payments caused by perils covered by the insurance required to be maintained as provided in Section 4.1 hereof.
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Coverage and Amount. Tenant covenants and agrees to pay to Landlord, as additional rent, during the Term of this Lease its pro rata share, to be calculated as hereinafter provided, of premiums for insurance to be procured by Landlord, insuring Landlord, the coverage to be as follows: (i) Insurance on the Building and building equipment, fixtures and appurtenances, against all loss and damage including, but not limited to, coverage by an insurance policy with agreed amount endorsement and replacement cost endorsement, in an amount no less than One Hundred percent (100%) of the full replacement value thereof (exclusive of cost of excavation and land) from time to time; (ii) Rent insurance covering the risks described in (i) above in the amount equal to the Basic Rent and additional rent payable; (iii) If and when obtainable and generally carried on buildings of the type to be leased hereunder, war risks and nuclear damage, as well as flood and earthquake insurance for the full replacement value of the Demised Premises if such insurance is required by any institutional first mortgagee of the Premises; (iv) Any additional insurance coverages as may be reasonably required from time to time, by Landlord, in the exercise of its reasonable judgement, or by any institutional first mortgagee of the Premises; and (v) Commercial general liability insurance for claims arising out of the ownership, operation and control of the Demised Premises as to liability of Landlord in limits of not less than Five Million Dollars ($5,000,000.00) combined single limit arising out of one occurrence. The Landlord may insure his liability under his Blanket Comprehensive General Liability Policy, Umbrella Liability Policy, and Environmental Impairment Liability Policy, and the Tenant will reimburse the Landlord for the Tenant’s pro rata share of the premium.
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Related to Coverage and Amount

  • Minimum Fixed Charge Coverage The ratio of (a) Adjusted EBIT for any Rolling Four Quarter Period to (b) Fixed Charges for the same Rolling Four Quarter Period, to be less than 1.50 to 1.00.

  • Coverage Minimum Limits Commercial General Liability $1,000,000 per occurrence $2,000,000 aggregate Automobile Liability including coverage for owned, non-owned and hired vehicles $1,000,000 per occurrence

  • Minimum Consolidated Fixed Charge Coverage Ratio Permit the Consolidated Fixed Charge Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 2.5 to 1.0.

  • Interest Expense Coverage Ratio The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for any period of four consecutive fiscal quarters ending after the Effective Date, to be less than 4.0 to 1.0.

  • Minimum Consolidated EBITDA Parent will not permit Consolidated EBITDA for any Test Period ended on the last day of a fiscal quarter described below to be less than the respective amount set forth opposite such period below: Fiscal Quarter Ended Closest to Amount --------------- -------- June 30, 1999 $32,000,000 September 30, 1999 $35,500,000 December 31, 1999 $37,000,000 March 31, 2000 $38,000,000 June 30, 2000 $39,000,000 September 30, 2000 $41,000,000 December 31, 2000 $42,000,000 March 31, 2001 $43,000,000 June 30, 2001 $43,500,000 September 30, 2001 $44,000,000 December 31, 2001 $44,500,000 March 31, 2002 $45,000,000 June 30, 2002 $45,500,000 September 30, 2002 $46,000,000 December 31, 2002 $46,500,000 March 31, 2003 $47,000,000 June 30, 2003 $47,500,000 September 30, 2003 $48,000,000 December 31, 2003 $48,500,000 March 31, 2004 $49,000,000 June 30, 2004 $49,500,000 September 30, 2004 $50,000,000 December 31, 2004 $50,500,000 March 31, 2005 $51,000,000

  • Minimum Fixed Charge Coverage Ratio Permit the Fixed Charge Coverage Ratio, as of the last day of any fiscal quarter of the Company, to be less than 1.5:1.00.

  • Minimum Cash Balance Licensee shall fund the Facility Checking Account --------------------- with an initial amount equal to $25,000.00 and thereafter Licensee shall provide the working capital required by Section I(H) of this Agreement

  • Minimum Adjusted EBITDA Borrower shall maintain a minimum trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), as of such test date, of at least the greater of (a) $75,000,000 and (b) an amount equal to 75% of the trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), for the immediately preceding six-month period, tested semi-annually, commencing September 30, 2024, and continuing on each subsequent March 31 and September 30.

  • Minimum Liquidity The Borrower shall not permit Liquidity at any time to be less than $50,000,000.

  • Cash Flow Coverage Ratio The ratio of (a) the Company’s Cash Flow to (b) the sum of (i) the Company’s consolidated Interest Expense plus (ii) the Company’s scheduled payments of principal (including the principal component of Capital Leases) to be paid during the 12 months following any date of determination shall at all times exceed (1) 1.5 to 1.0. Compliance with the ratio will be tested as of the last day of each month, with Cash Flow and Interest Expense being calculated for the twelve months then ended.

Most Referenced Clauses

Most Referenced Definitions