Loss of Rents. Single Clause - Scope of Cover
Loss of Rents. If an insured loss occurs at that part of your premises that you rent to others or that you hold for rental, we will pay for your loss of normal rents resulting from that insured loss while the rented part of the dwelling is not fit to live in or use, less charges and expenses that do not continue during that time. We will pay loss of normal rents only for the shortest time needed to make that part of your premises that you rent to others or that you hold for rent habitable. This coverage will pay loss of normal rents at a monthly rate of one-twelfth of the Amount of Insurance shown on the Declarations Page for Coverage D. The total amount we will pay will not exceed the Amount of Insurance described on the Declarations Page for Coverage D. If damage caused by an Insured Peril occurs at a neighboring premises, we will pay any resulting loss of normal rents for up to two weeks if civil authorities prohibit occupancy of your dwelling. We will not pay expenses due to cancel- lation of any lease or written or oral agreement. The periods of time are not limited by the expiration of this policy. No deductible will apply to this coverage.
Loss of Rents. If an insured loss occurs at the dwelling described on the Declarations Page, we will pay for your loss of normal rents resulting from that insured loss while the dwelling is not fit to live in or use, less charges and expenses that do not continue during that time. We will pay loss of normal rents only for the shortest time needed to make the dwelling habitable. This coverage will pay loss of normal rents at a monthly rate of one-twelfth of the Amount of Insurance shown on the Declarations Page for Coverage D. The total amount we will pay will not exceed the Amount of Insurance described on the Declarations Page for Coverage D. If damage caused by an Insured Peril occurs at a neighboring premises, we will pay any resulting loss of normal rents for up to two weeks if civil authorities prohibit occupancy of your dwelling. We will not pay expenses due to cancel- lation of any lease or written or oral agreement. The periods of time are not limited by the expiration of this policy. No deductible will apply to this coverage. When you buy Coverage A — Dwelling, we automatically include the following additional coverages:
Loss of Rents. If a covered property loss makes that part of the residence premises rented to others or held for rental by you unfit to live in, we cover the loss of rents less any expense that does not continue during the loss period. We pay for the shortest time needed to (a) repair or replace the damaged property, or (b) permanently relocate the rental premises, but in no event for more than 12 months. Loss of rents due to cancellation of a lease or agreement is not covered. The time period in 1 and 2 above is not limited by expiration of this policy.
Loss of Rents. Tenant shall obtain loss of rents insurance, for the benefit of Landlord, covering a period of one year, with a limit of $300,000 for any twelve (12) month period, provided, however, that the amount of coverage shall in no event be less than the amount of rent (Minimum Rent and Percentage Rent) paid during the immediately preceding Lease Year. Landlord shall be named insured on the insurance policy described in this section 11.5. <PAGE> 18
Loss of Rents. (SUBJECT TO THE EXCLUSION OF ANY RENTS ARISING FROM NORMAL VACANCIES DURING LETTING UP PERIODS) FOR LOSS OF ANY RENTS OR OTHER MONEYS (WHETHER SEPARATE OR OTHERWISE INCLUDED IN ANY RENTS OR OTHER MONEYS PAYABLE IN RESPECT OF ANY TENANCY OR OCCUPATION OF THE BUILDING) ARISING FROM DAMAGE OR DESTRUCTION OF THE BUILDING OR ANY PART OF IT OR ARISING FROM DIMINUTION OR LOSS OF ANY MEANS OF ACCESS OR OTHER SIMILAR CAUSES; (III) WORKERS' COMPENSATION: FOR WORKERS' COMPENSATION FOR ALL EMPLOY-EES OF THE LESSOR ENGAGED IN EMPLOYMENT IN CONNECTION WITH THE BUILDING, BUT WHERE ANY SUCH EMPLOYEE IS ENGAGED IN CONNECTION WITH OTHER BUILDINGS OF THE LESSOR THE COST OF WORKERS' COMPENSA-TION INSURANCE SHALL BE APPORTIONED BY THE LESSOR ON A EQUITABLE PRO RATA BASIS; AND (IV) OTHER RISKS: FOR SUCH OTHER INSURABLE RISKS (INCLUDING MACHINERY BREAKDOWN AND BOILER EXPLOSION) AS THE LESSOR REASONABLY DEEMS APPROPRIATE FROM TIME TO TIME; PROVIDED THAT, FOR ANY PERIOD DURING WHICH AN INDUSTRIAL SPECIAL RISKS POLICY TAKEN OUT BY THE LESSEE UNDER CLAUSE 7.7 IS ON FOOT, THE LESSOR MUST NOT INCLUDE WITHIN OPERATING EXPENSES ANY PREMIUMS OR AMOUNTS PAYABLE IN RESPECT OF INSURANCE UNDER PARAGRAPHS (I) AND (II). (C) MANAGEMENT EXPENSES: MANAGEMENT, CONTROL, CARETAKING AND SECURITY EXPENSES ("MANAGEMENT SERVICES") OF THE LAND WHETHER PERFORMED ON THE LAND OR ELSEWHERE AND WHETHER PERFORMED BY THE LESSOR OR BY OTHERS (INCLUDING SALARIES, LEAVE ENTITLEMENTS, SUPERANNUATION OR OTHER EMPLOYMENT OVERHEADS PAID BY THE LESSOR) PROVIDED THAT WHILST EVER A "RESMED COMPANY" [BEING RESMED LIMITED AND/OR A RELATED BODY CORPORATE (WHICH TERM IN THIS CLAUSE HAS THE MEANING AS DEFINED IN THE CORPORATIONS ACT 2001) OF RESMED LIMITED] IS THE LESSEE, THE LESSOR APPOINTS THE RESMED COMPANY TO PERFORM THE MANAGEMENT SERVICES IN WHICH CASE THE RESMED COMPANY WILL ATTEND TO SAME DILIGENTLY AND AT NO EXPENSE TO THE LESSOR AND THE LESSOR SHALL NOT INCLUDE ANY SUCH EXPENSES WITHIN OPERATING EXPENSES. "OUTGOINGS YEAR" MEANS EACH PERIOD OF TWELVE (12) MONTHS ENDING ON THE DATE IN EACH YEAR SPECIFIED IN ITEM 17, NOTWITHSTANDING THAT PART OF ANY SUCH TWELVE (12) MONTH PERIOD DOES NOT FALL WITHIN THE TERM (OR ANY PERIOD OF HOLDING OVER AS APPROPRIATE); "RATES" INCLUDES ALL RATES, TAXES, CHARGES, COSTS, ASSESSMENTS, DUTIES, IMPOSITIONS, LEVIES, SURCHARGES OR FEES, OF ANY AUTHORI-TY OR OF ANY LAW BUT EXCLUDES ANY: (A) INCOME TAX: TAX ON THE ASSESSABLE INCOME OF THE LESSOR; OR (D) RATES ASSESSED ON THE PREMISES: RATES ...
Loss of Rents. Tenant shall maintain “all risk” loss of rents insurance, including flood and earth movement, in an amount of not less than the full value of the rent payments for twelve months.
Loss of Rents. If the Project is occupied by tenants, a loss of rents/business income policy with coverage for a minimum of 12 months of Rental Value. The policy shall name Bondowner Representative as mortgagee and loss payee. Borrower shall not be required to provide loss of rents coverage until the initial occupancy of the Project.
Loss of Rents. To carry insurance covering loss of rents and/or business interruption with respect to the Mortgaged Property for a period of not less than one year.
Loss of Rents. (a) The amount of insurance shall be not less than one hundred percent (100%) of the projected or actual annual gross rental income for the Property.
(b) Rental income insurance must cover the same perils covered by property insurance.
