Environmental Insurer definition

Environmental Insurer means American International Specialty Lines Insurance Company, or such other environmental insurance company as Lender may select, and its successors and assigns.

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Environmental Insurer. Any Qualified Insurer that issues Environmental Policies relating to any of the Mortgage Loans or Mortgaged Properties.

Environmental Insurer means American International Specialty Lines Insurance Company or such other insurer providing Environmental Policies reasonably acceptable to Lessor and Lessee.

Examples of Environmental Insurer in a sentence

• Borrower shall cooperate with and provide access to Lender, Environmental Insurer and any such person or entity designated by Lender.

• Lessee shall cooperate with and provide access to Lessor, Lender, Environmental Insurer and any other person or entity designated by Lessor.

• Borrower acknowledges and agrees that Environmental Insurer may rely on the environmental representations and warranties set forth in this subsection K, that Environmental Insurer is an intended third-party beneficiary of such representations and warranties and that Environmental Insurer shall have all rights and remedies available at law or in equity as a result of a breach of such representations and warranties, including, to the extent applicable, the right of subrogation.

• The Commission shall cause Developer to be added as an additional insured by endorsement to the Commission's existing environmental liability insurance policy applicable to the Property (the "Environmental Policy") issued by Navigators (the "Environmental Insurer"), subject to the provisions of the Environmental Policy and Developer's satisfaction of the Environmental Insurer's underwriting and endorsement requirements.

• Borrower acknowledges and agrees that Environmental Insurer may rely on the environmental representations and warranties incorporated by reference into this subsection K, that Environmental Insurer is an intended third-party beneficiary of such representations and warranties and that Environmental Insurer shall have all rights and remedies available at law or in equity as a result of a breach of such representations and warranties, including, to the extent applicable, the right of subrogation.

More Definitions of Environmental Insurer

Environmental Insurer means such environmental insurance company as Lessor shall select in its reasonable discretion.

Environmental Insurer means American International Specialty Lines Insurance Company or such other environmental insurance company as FFCA may select, in its sole discretion.

Environmental Insurer means American International Specialty Lines Insurance Company, or such other environmental insurance company as Lessor may select, and its successors and assigns.

Environmental Insurer. Any Qualified Insurer that issues Environmental Policies relating to any of the Mortgage Loans or Mortgaged Properties. “Environmental Policy ”: Any insurance policy issued by an Environmental Insurer, together with any endorsements thereto, providing insurance coverage for losses, with respect to certain Mortgage Loans or Mortgaged Properties, caused by the presence of hazardous substances on, or the migration of hazardous substances from, the related Mortgaged Properties. “Equipment Loan ”: Any commercial equipment loan secured by equipment used in the operation of a commercial real estate property and listed on the Mortgage Loan Schedule. “Escrow Payment ”: Any payment received by the Property Manager or the Special Servicer for the account of any Obligor or otherwise deposited in the Servicing Account for application toward the payment of real estate taxes, assessments, insurance premiums, ground rents (if applicable) and similar items in respect of the related Mortgaged Property. “Event of Default ”: As defined in the Indenture. “Excess Cashflow ”: As defined in the Indenture. “Exchange Act ”: The Securities Exchange Act of 1934, as amended. “Exchange Account ”: An account established in the name of the Qualified Intermediary in order to receive all proceeds from the sale or disposition of Relinquished Properties. “Exchange Agreement ”: An agreement entered into a Qualified Intermediary setting forth the terms of a like-kind exchange program. “Exchange Cash Collateral ”: With respect to any Mortgaged Property which has been released pursuant to Section 7.01(a), an amount provided by the Issuers that is free and clear of all Liens in an amount equal to the Net Release Price thereof that is deposited into the Exchange Reserve Account. “Exchange Reserve Account ”: As defined in Section 3.04(c) . “Extraordinary Expense ”: As defined in the Indenture. “Fair Market Value ”: With respect to any Mortgaged Property or Mortgage Loan secured by a Mortgaged Property, at any time, a price determined by the Property Manager (or by the Special Servicer with respect to a Specially Serviced Asset) in accordance with the Servicing Standard and Section 7.01(b) . 9 US-DOCS\ 96557504.7 102826315.7

Environmental Insurer means Great American E&S Insurance Company.

Environmental Insurer means such environmental insurance company as Lessor shall select in its reasonable discretion. “Environmental Laws” means federal, state and local Laws, ordinances, common law requirements and regulations and standards, rules, policies and other governmental requirements, administrative rulings and court judgments and decrees having the effect of Law in effect now or in the future and including all amendments, that relate to Hazardous Materials, Regulated Substances, USTs, and/or the protection of human health or the environment, or relating to liability for or Costs of Remediation or prevention of Releases, and apply to Lessee and/or the Properties, including the Consent Order. “Environmental Liens” means any liens and other encumbrances imposed pursuant to any Environmental Law. “Environmental Policy” means a pollution legal liability insurance policy issued by Environmental Insurer to Lessor and Lessor’s lender, which Environmental Policy shall be in form and substance satisfactory to Lessor and shall be in amounts of not less than $3,000,000.00 per occurrence and $10,000,000.00 annual aggregate for losses caused by known and unknown pollution conditions that arise from the operations of the tenant at the Properties, their contractors, or their sub-contractors, with coverage to include: (a) bodily injury or death, (b) property damage, including physical injury to or destruction of tangible property, (c) clean-up costs, and (d) defense, including costs, charges and expenses incurred in the investigation, adjustment or defense of claims for damages. “Event of Default” has the meaning set forth in Section 12.01. “Exchange Act” means the Securities Exchange Act of 1934, as amended. “Extension Option” has the meaning set forth in Section 3.02. “Extension Term” has the meaning set forth in Section 3.02. “Fair Market Value” has the meaning set forth in Section 17.06. “Force Majeure Event” has the meaning set forth in Section 18.01. “GAAP” means generally accepted accounting principles, consistently applied from period to period. “Governmental Authority” means any governmental authority, agency, department, commission, bureau, board, instrumentality, court or quasi-governmental authority of the United

Environmental Insurer has charged a fee for the Environmental Policies, which Borrower has paid. Borrower acknowledges that the Environmental Policies are for the sole protection of Lender and will not protect Borrower or provide Borrower with any coverage thereunder. Borrower acknowledges and agrees that Environmental Insurer may rely on the environmental representations and warranties set forth in this subsection K, that Environmental Insurer is an intended third-party beneficiary of such representations and warranties and that Environmental Insurer shall have all rights and remedies available at law or in equity as a result of a breach of such representations and warranties, including, to the extent applicable, the right of subrogation.