Common use of INCREASES IN INSURANCE AMOUNTS Clause in Contracts

INCREASES IN INSURANCE AMOUNTS. Borrower shall increase the amount of all-risk casualty insurance required to be provided pursuant to the provisions of Section 3.1 hereof at the time that each such policy of insurance is renewed (but, in any event, not less frequently than once during each twelve (12) month period) by using the X.X. Xxxxx Building Index (or, if such index is no longer available, such other similar available index acceptable to Lender) to determine whether there shall have been an increase in the replacement cost of the improvement since the most recent adjustment to any such policy and, if there shall have been any such increase, the amount of insurance required to be provided hereunder shall be adjusted accordingly.

INCREASES IN INSURANCE AMOUNTS. Borrower shall increase the amount of all-risk casualty property insurance required to be provided pursuant to the provisions of Section 3.1 hereof at the time that each such policy of insurance is renewed (but, in any event, not less frequently than once during each twelve (12) month period) by using the X.X. Xxxxx F.W. Dodge Building Index Indxx (orxx, if xf such index is no longer available, such other similar available index acceptable to Lender) to determine whether there shall have been an increase in the replacement cost of the improvement since the most recent adjustment to any such policy and, if there shall have been any such increase, the amount of insurance required to be provided hereunder shall be adjusted accordingly.