Insurance; Restoration. (a) Borrower shall keep the Improvements and the Equipment insured against damage by fire and the other hazards covered by a comprehensive all risk coverage insurance policy in an amount equal to 100% of the full insurable value thereof (which shall mean the full repair and actual replacement value thereof providing for no deductible in excess of $25,000.00, without reduction for depreciation or co-insurance) as approved by Lender, and against loss of rents in an amount not less than 12 months' rental income from all Leases. Borrower shall also carry such other insurance, and in such amounts, as Lender may from time to time reasonably require, against insurable risks which at the time are commonly insured against in the case of premises similarly situated, due regard being given to the availability of insurance and to the type of construction, location, utilities, use and occupancy of the Premises or any replacements or substitutions therefor. Such additional insurance may include workers' compensation, boiler and machinery, flood, earthquake, demolition and contingent liability from the operation of "non-conforming" improvements on the Premises, and shall be obtained within 20 days after demand by Lender. Notwithstanding the foregoing, in the event Borrower obtains an umbrella or a blanket insurance policy or a separate policy or any other insurance policy affecting the Mortgaged Property hereunder, Borrower shall notify Lender of the same and shall cause certified copies of each insurance policy to be delivered as required under Section 2.04(c) below. Any umbrella or blanket insurance policy shall specifically allocate to the Mortgaged Property the amount of coverage from time to time required hereunder and shall otherwise provide the same protection as would a separate policy insuring only the Mortgage Property in compliance with the provisions of Section 2.04(c), giving Lender all of the rights set forth in this Section 2.04. The Proceeds of insurance paid on account of any damage to or destruction of the Premises or any portion thereof shall be paid over to Lender to be applied as hereinafter provided.
Insurance; Restoration. Mortgagor shall maintain insurance with respect to the Secured Property in accordance with the requirements set forth in the Credit Agreement, with Mortgagee named as loss payee and additional insured. All proceeds of insurance policies maintained hereunder shall be applied in accordance with the terms of the Credit Agreement.
Insurance; Restoration. Landlord and Tenant agree that the Tenant Improvements under the Tenant Work Letter (and the Tenant Improvements under the Second Amendment) shall be deemed to be “Tenant Improvements constructed by Landlord” for purposes of Sections 10.1(c), 10.1(d) and 13.1(a) of the Lease.
Insurance; Restoration. (a) Borrower shall keep the Improvements and the Equipment insured against damage by fire and the other hazards (excluding earthquake and flood) covered by a comprehensive all risk coverage insurance policy, in an amount equal to one hundred percent (100%) of the full insurable value thereof
Insurance; Restoration. (a) Owner shall, at its expense, maintain, the following insurance coverages with respect to each Mortgaged Property during the term of this Indenture:
Insurance; Restoration. Subject to the requirements of any prior mortgages, Mortgagor shall keep the Improvements insured against damage by fire and the other hazards covered by an all risk coverage insurance policy for the full insurable value thereof with loss payable to Mortgagee.
Insurance; Restoration. Borrower shall maintain insurance with respect to the Secured Property in accordance with the requirements set forth in the Loan Agreement, with Agent named as loss payee and additional insured. All proceeds of insurance policies maintained hereunder shall be applied in accordance with the terms of the Loan Agreement.
Insurance; Restoration. (a) Mortgagor shall obtain and maintain, or cause to be obtained and maintained, for the benefit of Mortgagee during the term of this Instrument, insurance policies or certificates thereof providing the following types of insurance relating to the Secured Property; issued by such insurance companies rated at least “A- VIII” by A.M. Best; with a waiver of subrogation in favor of Mortgagee; and in such amounts, in such form and substance, and with such expiration dates as are reasonably acceptable to Mortgagee; in the case of property insurance, such policies to provide that the insurer shall give Mortgagee at least thirty (30) days prior written notice of cancellation, and to provide that no act or thing done by the insured shall invalidate or diminish the insurance provided to Mortgagee; in the case of liability insurance, Mortgagor shall give Mortgagee at least thirty (30) days prior written notice of cancellation; and containing clauses reasonably satisfactory to Mortgagee listing Mortgagee as mortgagee and lender loss payable on all property insurance policies and as additional insured on all liability policies:
Insurance; Restoration. Grantor shall maintain insurance with respect to the Mortgaged Property in accordance with the requirements set forth in the Credit Agreement (including any relevant exceptions, contest rights and grace periods). All proceeds of insurance policies maintained hereunder shall be applied in accordance with the terms of the Credit Agreement.
Insurance; Restoration. (a) Borrower shall procure for, deliver to and maintain for the benefit of Lenders during the term of this Instrument, original paid up insurance policies or certificates thereof providing the following types of insurance relating to the Secured Property, issued by such insurance companies, in such amounts, in such form and substance, and with such expiration dates as are reasonably acceptable to Administrative Agent and containing non-contributory standard mortgagee clauses, their equivalent or a satisfactory mortgagee loss payable endorsement in favor of Lenders, providing the following type of insurance covering the Secured Property and the interest and liabilities incident to the ownership, possession and operation thereof, such policies to provide that the insurer shall give Administrative Agent at least thirty (30) days prior written notice of cancellation or termination, and to provide that no act or thing done by the insured shall invalidate or diminish the insurance provided to Lenders and, except for liability policies, containing mortgagee loss payable clauses reasonably satisfactory to Administrative Agent:
