FLOOD AND EARTHQUAKE INSURANCE. Insurance in an amount equal to the full replacement cost value of the Project, subject to no more than a $25,000 per occurrence deductible. The policy shall include coverage for subsidence.
FLOOD AND EARTHQUAKE INSURANCE. Insurance in an amount equal to the full replacement cost value of the Project, subject to no more than a $25,000 per occurrence, deductible. The policy shall include coverage for subsidence.
FLOOD AND EARTHQUAKE INSURANCE. The fourth sentence of Paragraph 8.3 of the Lease is hereby amended and restated as follows: "If the coverage is available and commercially appropriate, such policy or policies shall insure against all risks of direct physical loss or damage (except the perils of flood and/or earthquake damage unless required by a Lender in its capacity as a lender or as an owner following foreclosure, or by a third party owner following foreclosure), including coverage for debris removal and the enforcement of any Applicable Requirements requiring the upgrading, demolition, reconstruction or replacement of any portion of the Premises as the result of a covered loss."
FLOOD AND EARTHQUAKE INSURANCE. If the Property is located in a flood zone or earthquake zone, as applicable, Flood and Earthquake insurance for the Property in an amount not less than the replacement cost of the Property or, with regard to Flood Insurance, the greater of (a) the maximum limit available through the National Flood Insurance Program for Flood of the Property, as determined by Landlord or (b) a minimum of Ten Million and No/100 Dollars ($10,000,000.00). During the Lease Term, Tenant shall maintain not less than One Hundred Five Million and No/100 Dollars ($105,000,000.00) in the aggregate of earthquake coverage (comprised of $5,000,000.00 in base coverage and $100,000,000.00 in excess coverage) for all of its facilities located in the State of California. Any coinsurance requirement in the policy(ies) shall be eliminated through the attachment of an agreed upon amount endorsement in an amount reasonably acceptable to Landlord or otherwise as appropriate under the applicable policy;
FLOOD AND EARTHQUAKE INSURANCE. If the flood determination performed by Bank shows that the real property securing the referenced loan is located in a Special Flood Hazard Area according to the Federal Emergency Management Agency, flood insurance will be required under the National Flood Insurance Program (NFIP) prior to closing in the amount required by Bank. In addition to the flood insurance required under the NFIP, Bank requires that buildings located in a special flood hazard area be insured through private placement insurance in the amount required by Bank. The following table shows the coverage amount available under NFIP by property type: Property Type Amount Available Under NFIP Single-Family Dwelling $ 250,000 2-4 Family Dwelling $ 250,000 Other Residential $ 250,000 Nonresidential $ 500,000 NFIP insurance has to be purchased for each building, i.e., for an apartment complex consisting of 5 separate structures, each structure must be separately insured, however insurance cannot be written for more than replacement cost.
FLOOD AND EARTHQUAKE INSURANCE. If either required by any Lender or if the Property is located in a flood zone or earthquake zone, as applicable, Flood and Earthquake insurance for the Property in an amount not less than the replacement cost of the Property or the maximum limit available through the National Flood Insurance Program for Flood of the Property, as determined by Landlord;
