Risks to be Insured. The Mortgagor will, at its expense, maintain or cause to be maintained with insurance carriers approved by the Mortgagee (a) insurance with respect to the Improvements against loss or damage by fire, lightning and such other risks as are included in standard "all-risk" policies, in amounts sufficient to prevent the Mortgagor and the Mortgagee from becoming a co-insurer of any partial loss under the applicable policies, but in any event in amounts not less than the then full insurable value (actual replacement value) of the Improvements, as determined by the Mortgagor in accordance with generally accepted insurance practice and approved by the Mortgagee or, at the request of the Mortgagee, as determined at the Mortgagor's expense by the insurer or insurers or by an expert approved by the Mortgagee, (b) comprehensive public liability, including bodily injury and product liability and property damage, insurance, with personal injury endorsements, applicable to the Property in such amounts as are customarily carried by Persons operating similar properties in the same general locality, but in any event with a combined single limit of not less than Twenty Million Dollars ($20,000,000) per occurrence, (c) explosion insurance in respect of any steam and pressure boilers and similar apparatus located in the Property in such amounts as are usually carried by persons operating similar properties in the same general locality, but in any event in an amount not less than Twenty Million Dollars ($20,000,000), (d) business interruption insurance (including added expense coverage) against all insurable perils for a period of not fewer than twelve (12) months (subject to a reasonable aggregate deductible not exceeding ten (10) days per any occurrence), (e) worker's compensation insurance to the full extent required by applicable law for all employees of the Mortgagor engaged in any work on or about the Property and employer's liability insurance with a limit of not less than Ten Million Dollars ($10,000,000) for each occurrence, (f) all-risk, builders' risk insurance with respect to the Property during any period during which there is any construction work being performed, against loss or damage by fire or other risks, including vandalism, malicious mischief and sprinkler leakage, as are included in so-called "extended coverage" clauses at the time available and (g) such other insurance with respect to the Property in such amounts and against such insurable hazards as the M...
Risks to be Insured. The policies covering the Leased Properties and Lessee's Personal Property shall insure against the following risks:
Risks to be Insured. With respect to each Mortgaged Property, Borrower shall procure and maintain, or shall cause a Mortgaged Property Subsidiary to procure and maintain continuously in effect, insurance coverage issued by an insurer (i) authorized to issue such insurance in all applicable jurisdictions, (ii) rated "A" (or its equivalent) or better by Xxxxxx X. Best Company, Inc., (iii) with a financial size rating of VIII (or its equivalent) or better, by Xxxxxx X. Best Company, Inc., and (iv) otherwise satisfactory to the Agent; provided, however, that (1) each insurer of COPT's or any of its Subsidiaries' umbrella liability insurance policies as of the Closing Date (and any renewal thereof by such insurers), may be rated "A-" (or its equivalent) by Xxxxxx X. Best Company, Inc.; it being understood and agreed that such carrier(s) shall comply with the requirement set forth in clause (ii) above, and (2) as of the Closing Date, the insurers of COPT's or any of its Subsidiaries' earthquake, flood and wind insurance policies (and any renewals thereof by such insurers, respectively) may be rated "A-" (or its equivalent) by Xxxxxx X. Best Company, Inc. and have a financial size rating of "VIII" (or its equivalent) by Xxxxxx X. Best Company, Inc.; it being understood and agreed that, in the event COPT or any of its Subsidiaries procures any earthquake, flood or wind insurance from a carrier other than the carrier providing such insurance on the Closing Date, such carrier shall comply with the requirements set forth in clauses (ii) and (iii) above unless otherwise approved by the Agent. Each Loan Party shall pay, and shall cause each of its Subsidiaries to pay, in a timely manner all premiums due in connection therewith. All insurance policies shall be issued by insurers doing business as admitted licensed carriers in the state where such Mortgaged Property is located, and shall be authorized and licensed to issue insurance in such state unless otherwise approved by the Agent in its sole discretion. The insurance to be procured and maintained by COPT and its Subsidiaries is the following:
Risks to be Insured. The policies covering the Leased Properties and Lxxxxx’s Personal Property shall insure against the following risks:
Risks to be Insured. Grantor (or its designee), at the Grantor's expense, will obtain and maintain in full force and effect at all times until all Obligations have been fully paid and performed, with Qualified Insurance Companies (as that term is defined in Section 1.7.2), insurance against the following risks:
Risks to be Insured. Subject to the terms and provisions of paragraph 2 above, the Borrower, at its sole cost and expense, will maintain insurance of the following character:
Risks to be Insured. The Grantor will, at its expense, maintain or cause to be maintained insurance policies and coverages with respect to the Trust Premises at least as expansive as required by the terms of the Credit Agreement.
Risks to be Insured. Borrower, at its expense, shall maintain with insurers approved by the Bank (a) builder's risk insurance, (b) insurance with respect to any completed Improvements against loss or damage by fire, earthquake, and casualty and against such other risks as are included in coverage of the type now known as extended coverage, in amounts sufficient to prevent Borrower or the Bank from becoming co-insurers under the applicable policies, and in any event in an amount equal to the full replacement value thereof, and in no event less than $6,000,000.00, (c) comprehensive general public liability insurance against claims for personal injury, death or property damage, occurring on, in or about the Mortgaged Property or relating in any way to the Mortgaged Property, with combined, single limits of not less than $1,000,000.00 in respect of any one occurrence, (d) where required by law, appropriate worker's compensation insurance or other insurance against liability arising from the claim of workers in respect of any work on or about the Mortgaged Property and (e) such other insurance with respect to the Mortgaged Property, in such amounts and against such insurable hazards as the Bank from time to time may require in its discretion by written notice to Borrower.
Risks to be Insured. In addition to any insurance required to be maintained in accordance with the Credit Agreement, Mortgagor, at its sole cost and expense, will maintain, or cause to be maintained, insurance of the following character:
Risks to be Insured. Tenant at its Cost and Expense during the Lease Term will maintain the following insurance for the Leased Premises with reputable insurers authorized to do business in Arizona and rated at least A-IV by A.M. Best Company:
