Windstorm. If windstorm and/or windstorm related perils and/or “named storm” are excluded from the “Special Causes of Loss” policy required under Section 6.10(a)(i), then separate coverage for such risks (“Windstorm Coverage”), either through an endorsement or a separate policy. Windstorm Coverage will be written in an amount not less than the Replacement Cost of the Mortgaged Property.
Appears in 48 contracts
Samples: Multifamily Loan and Security Agreement, Multifamily Loan and Security Agreement (KBS Strategic Opportunity REIT II, Inc.), Multifamily Loan and Security Agreement (Steadfast Income REIT, Inc.)
Windstorm. If windstorm and/or windstorm related perils and/or “named storm” (collectively, “Windstorm Coverage”), are excluded from the “Special Causes of Loss” policy required under Section 6.10(a)(i), then separate coverage for such risks (“Windstorm Coverage”)risks, either through an endorsement or a separate policy. Windstorm Coverage will be written in an amount not less than the Replacement Cost of the Mortgaged Property.
Appears in 26 contracts
Samples: Multifamily Loan and Security Agreement (Resource Apartment REIT III, Inc.), Multifamily Loan and Security Agreement (Resource Apartment REIT III, Inc.), Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.)
Windstorm. If coverage for windstorm and/or windstorm related perils and/or “named storm” are (collectively, “Windstorm Coverage”), areis excluded from the “Special Causes of Loss” policy required under Section 6.10(a)(i), then separate coverage for such risks (“Windstorm Coverage”)risks, either through an endorsement or a separate policy. Windstorm Coverage will be written in an amount not less than the Replacement Cost of the Mortgaged Property.
Appears in 13 contracts
Samples: Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.), Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.), Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.)
Windstorm. If windstorm and/or windstorm related perils and/or “named storm” (collectively, “Windstorm Coverage”), are excluded from the “Special Causes of LossLoss – Special Form” policy required under Section 6.10(a)(i), then separate coverage for such risks (“Windstorm Coverage”)risks, either through an endorsement or a separate policy. Windstorm Coverage will be written in an amount not less than the Replacement Cost of the Mortgaged Property.
Appears in 8 contracts
Samples: Multifamily Loan and Security Agreement (New Senior Investment Group Inc.), Multifamily Loan and Security Agreement (Resource Apartment REIT III, Inc.), Continuing Covenant Agreement
Windstorm. If windstorm and/or windstorm related perils and/or “named storm” (collectively, “Windstorm Coverage”) are excluded from the “Special Causes of LossLoss – Special Form” policy required under Section 6.10(a)(i), then separate coverage for such risks (“Windstorm Coverage”)risks, either through an endorsement or a separate policy. Windstorm Coverage will be written in an amount not less than the Replacement Cost of the Mortgaged Property.
Appears in 3 contracts
Samples: Continuing Covenant Agreement, Continuing Covenant Agreement, Continuing Covenant Agreement
Windstorm. If coverage for windstorm and/or windstorm related perils and/or “named storm” (collectively, “Windstorm Coverage”), is are excluded from the “Special Causes of Loss” policy required under Section 6.10(a)(i), then separate coverage for such risks (“Windstorm Coverage”)risks, either through an endorsement or a separate policy. Windstorm Coverage will be written in an amount not less than the Replacement Cost of the Mortgaged Property.
10. Section 6.10(m) is revised to read as follows:
Appears in 2 contracts
Samples: Multifamily Loan and Security Agreement (Steadfast Apartment REIT III, Inc.), Multifamily Loan and Security Agreement (Steadfast Apartment REIT III, Inc.)
Windstorm. If coverage for windstorm and/or windstorm related perils and/or “named storm” are (collectively, “Windstorm Coverage”), areis excluded from the “Special Causes of Loss” policy required under Section 6.10(a)(i), then separate coverage for such risks (“Windstorm Coverage”)risks, either through an endorsement or a separate policy. Windstorm Coverage will be written in an amount not less than the Replacement Cost of the Mortgaged Property.
10. Section 6.10(m) is deleted in its entirety and replaced with the following:
Appears in 1 contract
Samples: Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.)
Windstorm. If coverage for windstorm and/or windstorm related perils and/or “named storm” are (collectively, “Windstorm Coverage”), areis excluded from the “Special Causes of LossLoss – Special Form” policy required under Section 6.10(a)(i), then separate coverage for such risks (“Windstorm Coverage”)risks, either through an endorsement or a separate policy. Windstorm Coverage will be written in an amount not less than the Replacement Cost of the Mortgaged Property.
Appears in 1 contract
Samples: Multifamily Loan and Security Agreement (Steadfast Income REIT, Inc.)
