Common use of Insurance Coverage Requirements Clause in Contracts

Insurance Coverage Requirements. (a) Mezzanine Borrower will cause Mortgage Borrower, at its expense, to procure and maintain the insurance policies required by the Loan Documents (Mortgage). Each commercial general liability or umbrella liability policy with respect to the Property shall name Mezzanine Lender as an additional insured and shall contain a cross liability/severability endorsement in form and substance acceptable to Mezzanine Lender.

Insurance Coverage Requirements. (a) Mezzanine Borrower will cause Mortgage Borrower, at its expense, to procure and maintain the insurance policies required by the Loan Documents (Mortgage). Each commercial general liability or umbrella liability policy with respect to the Property shall shall, to the extent permitted in the Loan Documents (Mortgage), name Mezzanine Lender as an additional insured and shall shall, to the extent permitted in the Loan Documents (Mortgage), contain a cross liability/severability endorsement in form and substance acceptable to Mezzanine Lender.