Insurable Amount definition

Insurable Amount means the amount of title insurance coverage under the Title Policies for Phase I and Phase II, as determined by Developer in its reasonable judgment.
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Insurable Amount means the Gross Profit which would have been earned in the twelve months immediately following the Commencement of the Insured Event had the Insured Event not occurred to which such adjustments shall be made as necessary to provide for the trend of the Business and for variations in, or other circumstances affecting, the Business either before or after the Insured Event or which would have affected the Business had the Insured Event not occurred, so that the figures thus adjusted shall represent, as nearly as may be practicable, the results which but for the Insured Event would have been obtained during the relevant period after the Insured Event.
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Examples of Insurable Amount in a sentence

  • Tenant may increase the Insurable Amount without first obtaining Landlord’s consent so long as: (i) the increased Insurable Amount is consistent with Tenant’s practice for its retained properties, and (ii) the increased Insurable Amount would not prevent Tenant from self-insuring its insurance obligations pursuant to Section 13.9 if it chose to do so.

  • Your sum insured – the penalty for underinsurance If at the time of the Damage the sum insured for the Specified Equipment is less than 85% of the Insurable Amount (see below) You will be responsible for the difference and You will bear a proportionate share of the loss.

  • Otherwise, Tenant must obtain Landlord’s consent, which will not be unreasonably withheld or delayed, to increase the Insurable Amount.

  • The Insurable Amount shall be the value of reinstating the Property to a condition substantially the same as when new at the level of costs applying at the commencement of the Period of Insurance.

  • Underinsurance If the sum insured is less than 85% of the Insurable Amount (see below) the amount payable shall be proportionately reduced.

  • Upon each Closing Date, Title Insurer shall issue to Developer the Title Policy (in the form of the Standard Coverage Policy), with liability in the amount of the applicable Insurable Amount, insuring that fee title to the Phase I or Phase II, as the case may be, is vested in Developer, subject only to the Permitted Property Exceptions.

  • Otherwise, Tenant must obtain Landlord's consent, which will not be unreasonably withheld, delayed or conditioned, to increase the Insurable Amount.

  • Otherwise, Tenant must obtain Landlord’s consent, which will not be unreasonably withheld, delayed or conditioned, to increase the Insurable Amount.

  • Tenant may increase the Insurable Amount without first obtaining Landlord's consent so long as: (i) the increased Insurable Amount is consistent with Tenant's practice for its retained properties, and (ii) the increased Insurable Amount would not prevent Tenant from self-insuring its insurance obligations pursuant to Section 13.9 if it chose to do so.

Related to Insurable Amount

  • Applicable Amount means, at any time (the “Applicable Amount Reference Time”), an amount equal to (a) the sum, without duplication, of:

  • Deductible Amount means, with respect to any Insuring Agreement, the amount set forth under the heading “Deductible Amount” in Item 3 of the Declarations or in any Rider for such Insuring Agreement, applicable to each Single Loss covered by such Insuring Agreement.

  • Allocable Amount has the meaning specified in Section 10.21(d).

  • Insurance Amount has the meaning set forth in Section 6.12(b).

  • Allocable Amounts, when used with respect to any Senior Indebtedness, means all amounts due or to become due on such Senior Indebtedness less, if applicable, any amount which would have been paid to, and retained by, the holders of such Senior Indebtedness (whether as a result of the receipt of payments by the holders of such Senior Indebtedness from the Company or any other obligor thereon or from any holders of, or trustee in respect of, other indebtedness that is subordinate and junior in right of payment to such Senior Indebtedness pursuant to any provision of such indebtedness for the payment over of amounts received on account of such indebtedness to the holders of such Senior Indebtedness or otherwise) but for the fact that such Senior Indebtedness is subordinate or junior in right of payment to (or subject to a requirement that amounts received on such Senior Indebtedness be paid over to obligees on) trade accounts payable or accrued liabilities arising in the ordinary course of business.