Property and liability insurance definition
Examples of Property and liability insurance in a sentence
Homeowner shall provide, at minimum, a Landlord policy on the Property to cover any roof and fire damage to the Property, and liability insurance to cover certain personal injuries occurring as a result of property defects or owner negligence.
The Borrower maintains, and has caused each Subsidiary to maintain, with financially sound and reputable insurance companies insurance on all their Property and liability insurance in such amounts, subject to such deductibles and self-insurance retentions and covering such Properties and risks as are consistent with sound business practice.
Landlord shall maintain, at minimum, a Landlord policy on the Property to cover any roof and fire damage to the Property, and liability insurance to cover certain personal injuries occurring as a result of property defects or owner negligence.
Landlord has obtained insurance to cover fire damage to the Property and liability insurance to cover damage to persons or property occurring as a result of property defects or Landlord’s negligence.
Seller agrees to maintain until the Closing Date fire and extended coverage insurance on the Property and liability insurance, which are at least equivalent in all material respects to the insurance policies covering the Real Property and the Improvements as of the Effective Date.
Trustor shall at its sole expense obtain for, deliver to, assign and maintain for the benefit of Beneficiary, during the term of this Deed of Trust, insurance policies insuring the Mortgaged Property and liability insurance policies, all in accordance with the requirements of Section 5.16 of the Credit Agreement.
The Borrower will, and will cause each Restricted Subsidiary to, maintain with financially sound and reputable insurance companies insurance on all their Property and liability insurance in such amounts, subject to such deductibles and covering such Properties and risks as is consistent with sound business practice, and the Borrower will furnish to the Administrative Agent, upon its written request, full information as to the insurance carried.
Property and liability insurance policies, a separate flood insurance policy (if applicable) and all renewals must be with a company that rates A- or better, and has a Financial Size of Class VIII or better in Best’s Key Rating Guide.
The Borrower maintains, and has caused each Restricted Subsidiary to maintain, with financially sound and reputable insurance companies insurance on all their Property and liability insurance in such amounts, subject to such deductibles and self- insurance retentions and covering such Properties and risks as is consistent with sound business practice.
Occupant also agrees to maintain full replacement value insurance on the Property and liability insurance in the amount of $ at its sole expense, with Church named as an additional insured.