Common use of Terrorism Coverage Clause in Contracts

Terrorism Coverage. In the event that such coverage with respect to terrorist acts is not included as part of the insurance policy required by Section 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 Agent.

Appears in 3 contracts

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

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Terrorism Coverage. In 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 Section 5.12(a)(isubsection (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 AgentLender.

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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