All Risk Policy definition

All Risk Policy means a policy of --------------- fire and other property insurance in the form commonly referred to in the industry as "all risk" with extended endorsement (false arrest, libel, slander, assault, battery, invasion of privacy, theft, vandalism and malicious mischief coverage) and including broad form water damage, or if such policy is no longer issued, such other policy as would cover the same risks and perils; provided that although Landlord may elect to obtain coverage for flood and earthquake in addition to such policy, Tenant shall not be required to pay any part of the premium allocable to such coverages.
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All Risk Policy. A policy of fire and other property insurance in the form commonly referred to in the industry as "all risk" with extended endorsement (false arrest, libel, slander, assault, battery, invasion of privacy, theft, vandalism and malicious mischief coverage) and including broad form water damage, or if such policy is no longer issued, such other policy as would cover the same risks and perils. Landlord may elect to include coverage for flood and earthquake but Tenant shall not be required to pay any part of the premium allocable to such coverages.
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All Risk Policy means a policy of fire and other property insurance in the form commonly referred to in the industry as "all risk" with extended endorsement (theft, vandalism and malicious mischief coverage) and including broad form water damage, or if such policy is no longer issued, such other policy as would cover the same risks and perils; provided that although Landlord may elect to obtain coverage for flood and earthquake in addition to such policy, Tenant shall not be required to pay any part of the premium allocable to such coverages unless such coverage is available at commercially reasonable rates.
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Examples of All Risk Policy in a sentence

  • The Contractor’s All Risk Policy will cover the Works, during construction, until the date of Occupation by or on behalf of the Purchaser, after which date the Purchaser will be liable for the Insurance of the Property and the Works.

  • However, at a minimum, the Lessee shall provide an All Risk Policy in the amount of at least eighty (80%) percent of the replacement value of the Leasehold Improvements.

  • You agree to supply us with all related documents and/or additional security interest (such as Contractor’s All Risk Policy and Performance Bond) required by us.

  • Builders Risk shall be purchased (if not covered under Tenant’s property policies) on an All Risk Policy including “Soft Costs” form for all work performed, in amounts not less than 100% of the full completed value of the work including materials and equipment stored on or about the job site, while in transit to the job site and while stored away from the job site.

  • Contractor shall be responsible for any additional premium for any extensions of the Builders’ All Risk Policy beyond the scheduled expiration date as well as any additional premium related to policy expiration audits.

  • Contractor shall be named as additional loss payee on the All Risk Policy; provided, however, that Contractor’s interest shall be limited to materials, supplies, or equipment paid for by the Contractor for which payment by Owner has not been made.

  • If the Bank gives its consent, the Bank has the right to impose such terms and conditions as the Bank deems fit which may include the Borrower taking up of a Contractors' All Risk Policy for the renovation or refurbishment work before the start of the work with an insurance company appointed by the Bank and with the Bank named as chargee and loss payee.

  • The Builder’s All Risk Policy will cover the Building, while being erected up and until the date of occupancy by the Purchaser after which date the Purchaser will be liable for the insurance.

  • The Contractor shall insure and shall remain insured under a Contractor’s All Risk Policy until completion of the Works and on request shall provide the Employer with a statement from the insurance company concerned or its agents that such insurance has been affected.

  • Tenant shall maintain throughout the Lease Term insurance on Tenant's Property and all leasehold improvements made or installed by or on behalf of Tenant or Landlord covering those risks covered by an "All Risk Policy" of property insurance, including sprinkler leakage coverage and such other risks as Landlord may reasonably require, in minimum limits equal to the full replacement costs thereof.

Related to All Risk Policy

  • All Risk property insurance on a full replacement cost basis insuring CLEC’s property situated on or within any CenturyLink Premises. CLEC may elect to insure business interruption and contingent business interruption, as it is agreed that CenturyLink has no liability for loss of profit or revenues should an interruption of service occur.

  • All Risks property insurance in an amount adequate to cover the full replacement cost of all Tenant Additions to the Premises, equipment, installations, fixtures and contents of the Premises in the event of loss; (d) In the event a motor vehicle is to be used by Tenant in connection with its business operation from the Premises, Comprehensive Automobile Liability Insurance coverage with limits of not less than Three Million and No/100 Dollars ($3,000,000.00) combined single limit coverage against bodily injury liability and property damage liability arising out of the use by or on behalf of Tenant, its agents and employees in connection with this Lease, of any owned, non-owned or hired motor vehicles; and (e) such other insurance or coverages as Landlord reasonably requires.

  • Master Policy means the contract between the Company and the Master Policyholder to provide Life Cover to the insured member on receipt of due premiums.

  • R&W Policy means the buyer-side representation and warranty insurance policy as may be issued to Purchaser in connection with this Agreement.

  • Tail risk means a risk that occurs either where the frequency of low probability events is higher than expected under a normal probability distribution or where there are observed events of very significant size or magnitude.