Common use of Tax Increment Period Clause in Contracts

Tax Increment Period. During the Tax Increment Period, Redeveloper agrees to keep the Project Site and the Redeveloper Improvements (during construction and after completed) insured against loss or damage by fire, and such other risk, casualties, and hazards as are customarily covered by builders’ risk or extended coverage policies in an amount not less than the replacement value thereof based upon an estimate of insurable value (less footings and foundations) but allowing for reasonable compliance with standard coinsurance clauses and standard deductibles. Any insurance carried or required to be carried by Redeveloper pursuant to this Section may, at Redeveloper’s option, be carried under an insurance policy or pursuant to a master policy of insurance or so called blanket policy of insurance covering other property owned by Redeveloper or its corporate affiliates, or any combination thereof. In the event of any insured damage or destruction, Redeveloper agrees to use reasonable efforts to restore the Redeveloper Improvements to their prior condition within eighteen (18) months from the date of the damage or destruction and shall diligently pursue the same to completion.

Tax Increment Period. During the Tax Increment Period, Redeveloper agrees to keep the Project Site and the Redeveloper Private Improvements (during construction and after completed) insured against loss or damage by fire, and such other risk, casualties, and hazards as are customarily covered by builders’ risk or extended coverage policies in an amount not less than the replacement value thereof based upon an estimate of insurable value (less footings and foundations) but allowing for reasonable compliance with standard coinsurance clauses and standard deductibles. Any insurance carried or required to be carried by Redeveloper pursuant to this Section may, at Redeveloper’s option, be carried under an insurance policy or pursuant to a master policy of insurance or so called blanket policy of insurance covering other property owned by Redeveloper or its corporate affiliates, or any combination thereof. In the event of any insured damage or destruction, Redeveloper agrees to use reasonable efforts to restore the Redeveloper Private Improvements to their prior condition within eighteen (18) months from the date of the damage or destruction destruction, and shall diligently pursue the same to completion.

Tax Increment Period. During the Tax Increment Period, Redeveloper agrees to keep the Project Site and the Redeveloper Private Improvements (during construction and after completed) insured against loss or damage by fire, and such other risk, casualties, and hazards as are customarily covered by builders’ risk or extended coverage policies in an amount not less than the replacement value thereof based upon an estimate of insurable value (less footings and foundations) but allowing for reasonable compliance with standard coinsurance clauses and standard deductibles. Any insurance carried or required to be carried by Redeveloper pursuant to this Section may, at Redeveloper’s option, be carried under an insurance policy or pursuant to a master policy of insurance or so so-called blanket policy of insurance covering other property owned by Redeveloper or its corporate affiliates, or any combination thereof. In the event of any insured damage or destruction, Redeveloper agrees to use reasonable efforts to restore the Redeveloper Private Improvements to their prior condition within eighteen (18) months from the date of the damage or destruction and shall diligently pursue the same to completion.

Tax Increment Period. During the Tax Increment Period, Redeveloper agrees to keep the Project Site and the Redeveloper Improvements (during construction and after completed) insured against loss or damage by fire, and such other risk, casualties, and hazards as are customarily covered by builders’ risk or extended coverage policies in an amount not less than the replacement value thereof based upon an estimate of insurable value (less footings and foundations) but allowing for reasonable compliance with standard coinsurance clauses and standard deductibles. Any insurance carried or required to be carried by Redeveloper pursuant to this Section may, at Redeveloper’s option, be carried under an insurance policy or pursuant to a master policy of insurance or so so-called blanket policy of insurance covering other property owned by Redeveloper or its corporate affiliates, or any combination thereof. In the event of any insured damage or destruction, Redeveloper agrees to use reasonable efforts to restore the Redeveloper Private Improvements to their prior condition within eighteen (18) months from the date of the damage or destruction and shall diligently pursue the same to completion.

Tax Increment Period. During the Tax Increment Period, Redeveloper agrees to keep the Project Site and the Redeveloper Improvements (during construction and after completed) insured against loss or damage by fire, and such other risk, casualties, and hazards as are customarily covered by builders’ risk or extended coverage policies in an amount not less than the replacement value thereof based upon an estimate of insurable value (less footings and foundations) but allowing for reasonable compliance with standard coinsurance clauses and standard deductibles. Any insurance carried or required to be carried by Redeveloper pursuant to this Section may, at Redeveloper’s option, be carried under an insurance policy or pursuant to a master policy of insurance or so called blanket policy of insurance covering other property owned by Redeveloper or its corporate affiliates, or any combination thereof. In the event of any insured damage or destruction, Redeveloper agrees to use reasonable efforts to restore the Redeveloper Improvements to their prior condition within eighteen (18) months from the date of the damage or destruction destruction, and shall diligently pursue the same to completion.

Tax Increment Period. During the Tax Increment Period, Redeveloper agrees to keep the Project Site and the Redeveloper Improvements (during construction and after completed) insured against loss or damage by fire, and such other risk, casualties, and hazards as are customarily covered by builders’ risk or extended coverage policies in an amount not less than the replacement value thereof based upon an estimate of insurable value (less footings and foundations) but allowing for reasonable compliance with standard coinsurance clauses and standard deductibles. Any insurance carried or required to be carried by Redeveloper pursuant to this Section 409 may, at Redeveloper’s option, be carried under an insurance policy or pursuant to a master policy of insurance or so called blanket policy of insurance covering other property owned by Redeveloper or its corporate affiliates, or any combination thereof. In the event of any insured damage or destruction, Redeveloper agrees to use reasonable efforts to restore the Redeveloper Improvements to their prior condition within eighteen (18) months from the date of the damage or destruction destruction, and shall diligently pursue the same to completion.

Tax Increment Period. During the Tax Increment Period, Redeveloper agrees to keep the Project Site and the Redeveloper Private Improvements (during construction and after completed) insured against loss or damage by fire, and such other risk, casualties, and hazards as are customarily covered by builders’ risk or extended coverage policies in an amount not less than the replacement value thereof based upon an estimate of insurable value (less footings and foundations) but allowing for reasonable compliance with standard coinsurance clauses and standard deductibles. Any insurance carried or required to be carried by Redeveloper pursuant to this Section may, at Redeveloper’s option, be carried under an insurance policy or pursuant to a master policy of insurance or so called blanket policy of insurance covering other property owned by Redeveloper or its corporate affiliates, or any combination thereof. In the event of any insured damage or destruction, Redeveloper agrees to use reasonable efforts to restore the Redeveloper Improvements New Building to their prior condition within eighteen (18) months from the date of the damage or destruction destruction, and shall diligently pursue the same to completion.

Tax Increment Period. During the Tax Increment Period, Redeveloper agrees to keep the Project Site and the Redeveloper Private Improvements (during construction and after completed) insured against loss or damage by fire, and such other risk, casualties, and hazards as are customarily covered by builders’ risk or extended coverage policies in an amount not less than the replacement value thereof based upon an estimate of insurable value (less footings and foundations) but allowing for reasonable compliance with standard coinsurance clauses and standard deductibles. Any insurance carried or required to be carried by Redeveloper pursuant to this Section may, at Redeveloper’s option, be carried under an insurance policy or pursuant to a master policy of insurance or so so-called blanket policy of insurance covering other property owned by Redeveloper or its corporate affiliates, or any combination thereof. In the event of any insured damage or destruction, Redeveloper agrees to use reasonable efforts to restore the Redeveloper Private Improvements to their prior condition within eighteen (18) months from the date of the damage or destruction and shall diligently pursue the same to completion.