Property Insurance Loss Adjustment. 10.6.1 Any insured loss shall be adjusted with the Owner and the Contractor and made payable to the Owner and Contractor as trustee for the insureds, as their interests may appear, subject to any applicable mortgagee clause.
10.6.2 Upon the occurrence of an insured loss, monies received will be deposited in a separate account and the trustees shall make distribution in accordance with the agreement of the parties in interest, or in the absence of such agreement, in accordance with an arbitration award pursuant to Article 12. If the trustees are unable to agree between themselves on the settlement of the loss, such dispute shall also be submitted for resolution pursuant to Article 12.
Property Insurance Loss Adjustment. 12.5.1 Any insured loss shall be adjusted by the Tenant and/or the Landlord and made payable to the Tenant and/or the Landlord as trustees for the insured, as their interests may appear, subject to any applicable mortgagee clause.
12.5.2 Upon the occurrence of an insured loss, monies received will be deposited in a separate account and the trustees shall make distribution in accordance with the agreement of the parties in interest.
Property Insurance Loss Adjustment. 8.5.1 Any insured loss covered under insurances required pursuant to Article 8.4 shall be adjusted with Customer and Honeywell and made payable to Customer and Honeywell as trustees for the insureds, as their interests may appear, subject to any applicable mortgagee clause.
8.5.2 Upon the occurrence of an insured loss, monies received will be deposited in a separate account and the trustees shall make distribution in accordance with the agreement of the parties in interest, or in the absence of such agreement, in accordance with an arbitration award pursuant to Article 12. If the trustees are unable to agree between themselves on the settlement of the loss, such dispute shall also be submitted to arbitration pursuant to Article 12.
Property Insurance Loss Adjustment. Any insured loss shall be adjusted with the County and the Contractor and made payable to the County and the Contractor as trustees for the insured, as their interests may appear, subject to any applicable mortgagee clause.
Property Insurance Loss Adjustment. 17.5.1) Any insured loss shall be adjusted with CUC and Contractor and made payable to CUC and Contractor as trustees for to insureds, as their interests may appear.
17.5.2) Upon the occurrence of an insured loss, monies received will be deposited in a separate account and the trustees shall make distribution in accordance with the agreement of the parties in interest, or in the absence of such agreement, in accordance with an arbitration award pursuant to Section 25. If the trustees are unable to agree between themselves on the settlement of the loss, such dispute shall also be submitted for resolution pursuant to Section 25.
Property Insurance Loss Adjustment. 8.2.1 Any insured loss shall be adjusted with the Owner and Clearspan and made payable to the Owner and Clearspan as trustees for the insureds, as their interest may appear, subject to any applicable mortgagee clause.
8.2.2 Upon the occurrence of an insured loss, monies received will be deposited in a separate account and the trustees shall make distribution in accordance with the agreement of the parties in interest, or in the absence of such agreement, in accordance with a dispute resolution award pursuant to Article 10. If the trustees are unable to agree between themselves on the settlement of the loss, such dispute shall also be submitted for resolution pursuant to Article 10.
Property Insurance Loss Adjustment. 8.5.1 Upon the occurrence of an insured loss to the Work during the course of the Work, monies received as a result of any insurance claim shall be used to pay for the repair and/or reconstruction of the Work so long as it is practically and economically reasonable to do so, to the extent necessary to restore it to its pre-loss condition. CTS shall be entitled to a change order to repair or replace any Work that was damaged as a result of any insured loss.
Property Insurance Loss Adjustment. 11.6.1 Any insured loss shall be adjusted with the Owner and the Design-Builder and losses exceeding $500,000 shall be made payable to the agent for the Financing Parties (if any, and if not, to the Owner) with losses below $500,000 (not to exceed $1,000,000 in any one year) made payable to the Design-Builder as trustee for the insureds, as their interests may appear, subject to any applicable mortgagee clause.
Property Insurance Loss Adjustment. Tenant will allow Landlord to participate in adjustment of any insured claim with respect to Tenant Work to the extent of Landlord’s interest therein.
Property Insurance Loss Adjustment. 10.6.1 Any insured loss shall be adjusted with the Owner and the Contractor and made payable to the Owner as trustee for the insureds, as their interests may appear, subject to any applicable mortgagee requirements.
10.6.2 Upon the occurrence of an insured loss, monies received will be handled in accordance with any mortgagee’s lending documents or otherwise will be deposited in a separate account and the trustee of such account shall make distributions in accordance with the agreement of the parties in interest, or in the absence of such agreement, in accordance with an arbitration award pursuant to Article 12.
