Common use of Terrorism Coverage Clause in Contracts

Terrorism Coverage. Upon Lender’s request, in the event that such coverage with respect to terrorist acts is not included as part of the insurance policy required by subsection (a) above, coverage against loss or damage by terrorist acts in an amount equal to one hundred percent (100%) of the full replacement value of the Improvements, Fixtures and Personal Property, with a co-insurance clause, if any, only as acceptable to Lender.

Appears in 3 contracts

Samples: Construction Loan Agreement (Sentio Healthcare Properties Inc), Construction Loan Agreement (Bluerock Enhanced Multifamily Trust, Inc.), Construction Loan Agreement (Bluerock Enhanced Multifamily Trust, Inc.)

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Terrorism Coverage. Upon Lender’s request, in In the event that such coverage with respect to terrorist acts is not included as part of the insurance policy required by subsection (aSection 5.12(a)(i) above, coverage against loss or damage by terrorist acts in an amount equal to one hundred percent (100%) of the full replacement value of the Improvements, Fixtures and Personal Property, with a co-insurance clause, if any, only as acceptable to LenderAgent.

Appears in 3 contracts

Samples: Loan Agreement (Red Lion Hotels CORP), Loan Agreement (Red Lion Hotels CORP), Loan Agreement

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