Common use of Rental Value Clause in Contracts

Rental Value. Tenant shall, in addition, obtain and keep in force during the Term of this Lease a policy or policies in the name of Landlord, with loss payable to Landlord and any Mortgagee, insuring the loss of the full rental or other charges payable by Tenant to Landlord pursuant to this Lease for a period of not less than one year. Such insurance shall provide that in the event that the Lease is terminated by reason of an insured loss, the period of indemnity for such coverage shall be extended beyond the date of the completion of repairs or replacement of the Premises, to provide for one full year's loss of Rent from the date of any such loss. Said insurance shall contain an agreed evaluation provision in lieu of any coinsurance clause, and the amount of coverage shall be adjusted annually to reflect the projected Rent payable by Tenant for the next twelve (12) month period. Tenant shall be liable for any deductible amount in the event of such loss.