Common use of Fire and Casualty Insurance Clause in Contracts

Fire and Casualty Insurance. Developer shall obtain and keep in full force adequate fire and casualty insurance with coverage in an amount equal to the assessed value of such improvements. In the event of loss the Developer shall use the proceeds of such insurance to promptly reconstruct the damaged or lost improvements.

Appears in 26 contracts

Samples: Development Agreement, Development Agreement, Development Agreement

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Fire and Casualty Insurance. Upon the construction of any improvements on the Development Property, Developer or Owner shall obtain and keep in full force adequate fire and casualty insurance with coverage in an amount at least equal to the assessed value of such improvements. In the event of loss the Developer and Owner shall use the proceeds of such insurance to promptly reconstruct the damaged or lost improvements.

Appears in 1 contract

Samples: Development Agreement

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Fire and Casualty Insurance. With respect to any property and improvements owned by Developer, Developer shall obtain and keep in full force adequate fire and casualty insurance with coverage in an amount equal to the assessed value of such improvements. In the event of loss the Developer shall use the proceeds of such insurance to promptly reconstruct the damaged or lost improvements.

Appears in 1 contract

Samples: greenbaywi.civicclerk.com

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