Loss of Rent. Management Fees and parking fees insurance (to the extent that there are any) due to damage caused to the structure of the Project and/or the insured property as stated in Section 1.19.1 above, due to the risks detailed in Section 1.19.1 above, for an indemnity period of 12 months. The said insurance shall include an express clause regarding waiver of the right of subrogation towards the Lessee and anyone acting on its behalf provided that the said regarding waiver of the right of subrogation shall not apply in favor of a person who caused malicious damage. Notwithstanding the aforesaid, it is hereby agreed that the Lessor and/or the Management Company shall be entitled not to take out the insurance specified in this sub-section 1.19.4 above, in whole or in part, provided that the said exemption as stated in Section 1.20 hereunder shall apply as if the insurance was fully arranged. It is hereby agreed expressly that the arrangement of the insurances specified above shall not add to the liability of the Lessor and/or the Management Company beyond the provisions set forth in the Lease Agreement and/or the Management Agreement and/or derogate from the liability of the Lessee in accordance with the said agreement (except for the provisions set forth in Section (1.20) hereunder).
Loss of Rent third party and property owner’s liability insurance at the Building for such sum as the Landlord may from time to time consider prudent; and/or
Loss of Rent. If a "direct physical loss by or from inland flood" makes that part of the "insured premises" rented to others or held for rental by "you" not fit to live in, "we" cover the Loss of Rent of such location less any expenses that do not continue while it is not fit to live in. The sublimit shown in the SCHEDULE for Additional Living Costs And Loss of Rent is the total sublimit provided for this coverage D. Payment for Additional Living Costs And Loss of Rent will be for the shortest time required to repair or replace the damage.The periods of time under 1. Additional Living Costs and 2. Loss of Rent are not limited by expiration of this policy.
Loss of Rent. Granting up indemnity to the Insured, in the quality of Landlord, for the monthly amount of insured rents that the building ceases to provide him/ her with, because it cannot, totally or partially, be occupied as a result of the occurrence of a loss covered by this policy, up to the indemnity limit set out in the Particular Conditions. This guarantee is valid for a period which is reasonably considered as necessary for the execution of works to place the insured building back to the state it was in prior to the occurrence of loss. However, such period cannot, in any case, exceed 12(twelve) months.
Loss of Rent. Deductible Unless stipulated otherwise in the Particular Conditions, this coverage is not subject to any deductible.
Loss of Rent. (This section is effective only if specified in Your Schedule) This section is extended to include loss of rent should loss or damage by an event covered under Section 1 (Premises) render the Premises unfit for occupation and the amount payable will not exceed 10% of the sum insured on the Premises for a maximum term of twelve months.
Loss of Rent. Insurance of Loss of Rent and/or Management Fees and/or Parking Fees, insofar as they exist, due to damage caused to the Leased Premises and/or the Building in which the Leased Premises are situated, as a result of the risks mentioned in Section (1) above, for an indemnification period of 12 months. The insurance includes a clause concerning the insurer’s waiver of the right of subrogation against the Lessee; however, it will not apply in favor of any person who causes damage deliberately.
Loss of Rent. In case the Premises or such of the Common Parts and any other parts of the Building as are necessary for the proper use of the Premises or the Pertinents, Rights and Privileges shall at any time during the Period of this Lease be so damaged or destroyed by any of the Insured Risks as to render the Premises unfit for beneficial occupation and use in accordance with the terms and provisions of this Lease then except to the extent that the insurance monies payable under the Loss of Rent Insurance shall be wholly or partially irrecoverable by reason solely or in part of any act or default of the Tenant or the Tenant's foresaids the rent and Service Charge payable hereunder or a fair proportion thereof according to the nature and extent of the damage sustained shall be suspended until the Premises and/or such of the Common Parts and any other parts of the Building, as the case may be, shall again be rendered fit for occupation and use or until the expiry of three years whichever shall be the earlier PROVIDED ALWAYS that in the event of dispute as to the amount or duration of the rent or Service Charge to be suspended such dispute shall be settled by a single arbiter to be appointed on the application of either party by the Chairman or senior office holder of the Scottish Branch of the Royal Institution of Chartered Surveyors which arbiter shall have the power to award costs and expenses, and the decision of such arbiter shall be final and binding upon both the Landlord and the Tenant.
