Vacant Property. The owner of the property is responsible for all charges unless a tenant has been authorized by the property owner to be billed for service.
Vacant Property. A Property that has been economically vacant for (i) the period from acquisition until the applicable measurement date, if less than six months or (ii) at least six months as of the applicable date of measurement.
Vacant Property. A Property that (i) for over thirty percent (30%) of its leasable square feet does not have third-party tenant leases in place; or (ii) has not collected at least seventy percent (70%) of the Property's total potential rental revenue based upon full occupancy, except if not attaining seventy percent is a result of tenant improvements, concessions or similar leasing incentives contained in leases approved by the Board for (i) the period from acquisition until the applicable measurement date, if less than six months or (ii) for the six months immediately preceding the date of measurement. 2%/25% Guidelines. The requirement pursuant to the NASAA Guidelines that, in any 12-month period, total Operating Expenses not exceed the greater of 2% of the Company's Average Invested Assets during such 12-month period or 25% of the Company's Net Income over the same 12-month period.
Vacant Property. The Landlord acknowledges that the management service provided by the Agent is only applicable to a property which is let to a tenant. Where the property is vacant between tenancies the Landlord must ensure that steps are taken to provide sufficient security and the compliance with any insurance policies in effect.
Vacant Property. When a property is vacant for 60 consecutive days or more, PPM is to receive a Vacancy Permit (ISO form CP 04 05 or a form containing equivalent language) issued by the property insurance carriers on each location when the vacancy rate is greater than 69% of the total net rentable square footage. If any buildings are constructed, added, or significantly altered by 10% or more of the property value and/or affect any part of the rents, a Builder’s Risk Insurance Policy is required on a completed value form in an amount equal to 100% of hard costs. There must be delayed income insurance covering not less than 12 months anticipated loss of gross income. All builder’s risk coverage terms and conditions are subject to PPM approval. Once the project has been completed, the property in its entirety must comply with all the PPM insurance requirements stated herein. Acceptable maximum per occurrence Deductibles are the following: Property $25,000 per occurrence Boiler & Machinery/Equipment Breakdown $25,000 per occurrence Business Income 72 hour (3 day) waiting period Named Windstorm % of insured value — Negotiable per Loan Basis Earthquake % of insured value — Negotiable per Loan Basis Flood $5,000 NFIP Policies; Excess Flood — % of insured value — Negotiable per Loan Basis
Vacant Property. That portion of the Land designated as Parcel 29C-1 and described on Exhibit A-1.
Vacant Property. If any buildings are constructed, added, and/or affect any part of the rents, a Builder’s Risk Insurance Policy is required on a completed value form in an amount equal to 100% of hard costs. There must be delayed income insurance covering not less than 12 months anticipated loss of gross income. All builder’s risk coverage terms and conditions are subject to PPM approval. Once the project has been completed, the property in its entirety must comply with all the PPM insurance requirements stated herein. Acceptable maximum per occurrence Deductibles are the following: Property $ $ 250,000 Acceptable maximum per occurrence Deductibles are the following: Property $ $ 250,000 per occurrence for non catastrophic perils per occurrence for non catastrophic perils Boiler & Machinery/ $250,000 per occurrence Business Income 72 hour (3 day) waiting period Named Windstorm % of insured value – Negotiable per Loan Basis Earthquake % of insured value – Negotiable per Loan Basis Flood $5,000 NFIP Policies; Excess Flood – % of insured value – Negotiable per Loan Basis
Vacant Property. The CDCs will maintain the inventory of abandoned residential structures within their service area. If a property is open, vacant and vandalized (OVV), the CDC shall check Accela Citizen’s Access to determine the status of the property. If the property is already condemned (at any time) or if there is a violation notice issued within the last two years, the property should not be submitted to B&H for an inspection. The CDC can check with the Chief on the status of the property. If the property needs to be boarded or re-boarded, even if there is an outstanding violation notice or condemnation notices, it can be submitted directly to B&H requesting a board up. The status of board up requests can be discussed at the monthly meeting.
Vacant Property. The Manager shall be responsible for the upkeep and mowing of all unleased land and the upkeep of any unleased Sponsor-owned buildings at the Airport.
Vacant Property. (1) if the building or leased premises has been vacant or unoccupied for a period of more than ninety (90) consecutive days before the loss or damage occurs, we will not pay for any loss or damage caused by any of the following:
(i) Vandalism
(ii) Sprinkler leakage
(iii) Building glass breakage
(iv) Water damage
(v) Theft, or attempted theft
(2) With respect to direct physical loss or damage, other than from caused listed above, and not otherwise excluded by this policy, we will reduce the amount we would otherwise pay for the loss or damage by 15%.
