Common use of Delayed Startup Insurance Clause in Contracts

Delayed Startup Insurance. Delayed startup coverage insuring the ------------------------- Lessor and covering the Lessor's accrued and capitalized interest and Yield for a six month period as a result of loss or damage insured by the builder's risk insurance resulting in a delay in completion of the Building(s) beyond their anticipated date of completion. Such insurance shall (a) have a deductible of not greater than 10 days per occurrence during the Construction Term, (b) have an indemnity period not less than six months, (c) cover loss sustained when access to the Leased Property site is prevented due to an insured peril at premises in the vicinity of the Leased Property site with a sublimit of $27,500, (d) cover loss sustained due to the action of a public authority preventing access to the Leased Property site due to imminent or actual loss or destruction arising from an insured peril at premises in the vicinity of the Leased Property site with a sublimit of $27,500, (e) not contain any form of a coinsurance provision or include a waiver of such provisions, (f) insure loss caused by damage to finished equipment or machinery while awaiting shipment at a supplier's premises, and (g) cover losses relating to real estate tax assessments, insurance expenses, architect's and engineer's fees to repair or replace lost work, legal and accounting fees, construction management fees, testing and permitting expenses, marketing and administration expenses and overhead.

Delayed Startup Insurance. Delayed startup coverage insuring the ------------------------- Lessor and covering the Lessor's accrued and capitalized interest and Yield for a six month period as a result of loss or damage insured by the builder's risk insurance resulting in a delay in completion of the Building(s) beyond their anticipated date of completion. Such insurance shall (a) have a deductible of not greater than 10 days per occurrence during the Construction Term, (b) have an indemnity period not less than six months, (c) cover loss sustained when access to the Leased Property site is prevented due to an insured peril at premises in the vicinity of the Leased Property site with a sublimit of $27,500100,000, (d) cover loss sustained due to the action of a public authority preventing access to the Leased Property site due to imminent or actual loss or destruction arising from an insured peril at premises in the vicinity of the Leased Property site with a sublimit of $27,500100,000, (e) not contain any form of a coinsurance provision or include a waiver of such provisions, (f) insure loss caused by damage to finished equipment or machinery while awaiting shipment at a supplier's premises, and (g) cover losses relating to real estate tax assessments, insurance expenses, architect's and engineer's fees to repair or replace lost or work, legal and accounting fees, construction management fees, testing and permitting expenses, marketing and administration expenses and overhead.

Delayed Startup Insurance. Delayed startup coverage insuring the ------------------------- Lessor and covering the Lessor's ’s accrued and capitalized interest and Yield for a six month period as a result of loss or damage insured by the builder's ’s risk insurance resulting in a delay in completion of the Building(s) beyond their anticipated date of completion. Such insurance shall (a) have a deductible of not greater than 10 days per occurrence during the Construction Term, (b) have an indemnity period not less than six months, (c) cover loss sustained when access to the Leased Property site is prevented due to an insured peril at premises in the vicinity of the Leased Property site with a sublimit of $27,500100,000, (d) cover loss sustained due to the action of a public authority preventing access to the Leased Property site due to imminent or actual loss or destruction arising from an insured peril at premises in the vicinity of the Leased Property site with a sublimit of $27,500100,000, (e) not contain any form of a coinsurance provision or include a waiver of such provisions, (f) insure loss caused by damage to finished equipment or machinery while awaiting shipment at a supplier's ’s premises, and (g) cover losses relating to real estate tax assessments, insurance expenses, architect's ’s and engineer's ’s fees to repair or replace lost or work, legal and accounting fees, construction management fees, testing and permitting expenses, marketing and administration expenses and overhead.