To continuously monitor the relationship between the Authorizee and the remaining carriers in order to settle any occasional conflict;
To continuously during the term hereof, keep the Improvements and the Fixtures and Personal Property now or hereafter existing, erected, installed and located in or upon the Real Property insured with extended coverage insurance against loss or damage resulting from fire, windstorm, flood (but only if any of the Improvements are located in a flood plain), sinkhole and such other hazards, casualties, contingencies and perils, including, without limitation, other risks insured against by persons operating like properties in the locality of the Property, on such forms as may be required by Lender, covering the Property in the amount of the full replacement cost thereof (provided that Borrower provides a replacement cost endorsement satisfactory to Lender; otherwise, the amount of such insurance shall not be less than the difference between the outstanding balance of the Note and eighty (80%) percent of the then appraised value of the Land and Improvements as determined by Lender in its sole discretion), and covering all loss or abatement of rental or other income without provision for co-insurance in an amount equal to the scheduled rental income of the Property for a period of twelve (12) months, or if applicable, business interruption insurance in an amount sufficient to pay debt service, operating expenses, taxes and insurance for the Property for twelve (12) months, and covering loss by flood (if the Property lies in a specified Flood Hazard Area as designated on the Department of Housing and Urban Development Maps, or other flood prone designation) in an amount equal to the outstanding principal balance of the indebtedness secured hereby or such other amount of coverage as approved by Lender. All such insurance shall be carried with such company or companies as may be acceptable to the Lender, which company or companies shall have a current rating equivalent to at least A:VIII as shown in Best's Key Rating Guide, and the original policy or policies and renewals thereof (or duplicate originals or certified copies thereof), together with receipts evidencing payment of the premium therefor, shall be deposited with, held by and are hereby assigned to Lender as additional security for the indebtedness secured hereby. Each such policy of insurance shall contain a non-contributing loss payable clause in favor of and in form acceptable to Lender and shall provide for not less than thirty (30) days' prior written notice to Lender of intent to modify, cancel or terminate or the e...
To continuously during the term of this Mortgage, keep the Improvements, the Fixtures and Personal Property, now or hereafter existing, erected, installed and located in or upon the Real Property, insured with extended coverage insurance against loss or damage resulting from fire, windstorm, flood, sinkhole, earthquake and such other hazards, casualties, contingencies and perils including, without limitation, other risks insured against by persons operating like properties in the locality of the Property, or otherwise deemed necessary or advisable by Lender, on such forms and with such deductibles as may be required by Lender, covering the Property in the amount of the full replacement cost thereof, less excavating and foundation costs, and covering all loss or abatement of rental or other income, without a provision for co-insurance, in an amount equal to the scheduled rental income of the Property for at least twelve (12) months, or if applicable, business interruption insurance in an amount sufficient to pay debt service on the Note, operating expenses, taxes and insurance on the Property for a period of twelve (12) months, and covering loss by flood (if the Property lies in a Special Flood Hazard Area as designated on the Department of Housing and Urban Development's Maps, or other flood prone designation) in an amount equal to the outstanding principal balance of the Loan secured hereby or such other amount as approved by Lender, and earthquake insurance with a deductible amount of no more than ten percent (10%) of the policy amount, if the Property is located within one-half (1/2) mile of an Alquist-Priolo Special Earthquake Study Zone or if, in the judgement xx Xxxxxx'x xnspecting architect, the Property lies in an area of anticipated significant seismic activity. All such insurance shall be carried with a company or companies licensed to do business in the state where the property is located, which is acceptable to Lender, which company or companies shall have a rating at the time this Mortgage is executed equivalent to at least A:X as shown in the most recent Best's Key Rating Guide. The original policy or policies and renewals thereof (or, at the sole option of Lender, duplicate originals or certified copies thereof), together with receipts evidencing payment of the premium therefor, shall be deposited with, held by and are hereby assigned to, Lender as additional security for the Loan secured hereby. Each such policy of insurance shall contain a noncontributing...
To continuously during the term hereof, keep the Improvements and the Fixtures and Personal Property now or hereafter existing, erected, installed and located in or upon the Real Property insured with extended coverage insurance against loss or damage resulting from fire, windstorm, flood (but only if any of the Improvements are located in a flood plain), sinkhole and such other hazards, casualties, contingencies and perils, including, without limitation, other risks insured against by persons
To continuously review existing policies for the betterment of the provision of a library service for the constituents of the region;
To continuously develop as an academic institution of international repute, serving regional and national needs and pursuing, in a collaborative fashion, an ambitious progressive agenda that delivers on the aspirations of its vibrant Institute population and its external stakeholders. Vision:
