full insurable value means one hundred percent (100%) of the actual replacement cost of the Property (excluding foundation and excavation costs and costs of underground flues, pipes, drains and other uninsurable items).
full insurable value means one hundred percent (100%) of the actual replacement cost of the Property, including tenant improvements (excluding excavation costs and costs of underground flues, pipes, drains and other uninsurable items). For purposes of the foregoing requirements, the policy coverages and amounts existing at the closing of the Loan shall satisfy the property insurance requirements in effect as of the date hereof.
full insurable value means full actual replacement cost less physical depreciation. “Hazardous Substances” shall mean “hazardous substances” as defined in CERCLA. “Impositions” mean all taxes and assessments, general and special, which may be lawfully taxed, charged, levied, assessed or imposed upon or against or payable for or in respect of the Project or any part thereof, or any improvements at any time thereon or the Company’s interest therein, including any new lawful taxes and assessments not of the kind enumerated above to the extent that the same are lawfully made, levied or assessed in lieu of or in addition to taxes or assessments now customarily levied against real or personal property, and further including all water and sewer charges, assessments and other governmental charges and impositions whatsoever, foreseen or unforeseen, which, if not paid when due, would encumber the Company’s title to the Project.
Examples of full insurable value in a sentence
For the purpose hereof "Full Insurable Value" shall mean the replacement cost of the improvements without allowance for depreciation but excluding footings, foundations, and other portions or" improvements which are customarily not insurable.
Fire and all risk insurance and earthquake insurance (if the Leased Premises are in an earthquake zone) in an amount not less than the Full Insurable Value (defined below) of the Building and improvements on said property, and to keep such insurance in full force and effect for and during the time any Buildings and improvements are located on the Leased Premises during the term of this Lease.
More Definitions of full insurable value
full insurable value means replacement cost, less the cost of footings, foundations and other structures below grade.
full insurable value means the actual replacement cost (excluding the costs of foundation, footing, excavation, paving, landscaping and other similar, noninsurable improvements) of the insurable properties in question.
full insurable value means the reasonable replacement cost of the Project less physical depreciation and exclusive of land, excavations, footings, foundation and parking lots as determined at the expense of the Developer from time to time.
full insurable value means the actual replacement cost of the Project, less physical depreciation and exclusive of land, excavations, footings, foundations and parking lots, but, to the extent obtainable, in no event shall such value be less than the principal amount of the Project Bonds at the time outstanding.
full insurable value means full actual replacement cost less physical depreciation.
full insurable value means the actual replacement cost of the Mortgaged Property (excluding foundation and excavation costs and costs of underground flues, pipes, drains and other uninsurable items). The deductible amount under such policy or policies shall not exceed $5,000.00. No policy of insurance shall be written such that the proceeds thereof will produce less than the minimum coverage required by this section by reason of coinsurance provisions or otherwise. The “full insurable value” shall be determined from time to time at the request of Lender, by an appraiser or appraisal company or one of the insurers, who shall be selected and paid for by Borrower but subject to Lender’s approval. Such insurance policy shall name Lender as mortgagee.
full insurable value as used in this Lease shall mean the actual replacement value of the applicable Facility (including all improvements) and every portion thereof, including the cost of compliance with changes in zoning and building codes and other laws and regulations, demolition and debris removal and increased cost of construction. In addition, the casualty insurance required under this Section 4.2 will include an agreed amount endorsement such that the insurance carrier has accepted the amount of coverage and has agreed that there will be no co-insurance penalty.