Property Insurance Policies definition

Property Insurance Policies means one or more policies of property insurance maintained by the County that insure the Real Property against those risks covered under a form of coverage with terms and conditions as comprehensive as those in an All-Risk/Special Form property insurance policy and, when applicable, the comprehensive form of equipment breakdown insurance, with coverage amounts equal to at least the 100% Replacement Cost of the Real Property. The County’s obligation to provide the Property Insurance Policies may be satisfied, in whole or in part, by any self-insurance or deductible maintained by the County for the Real Property, or by the County’s participation in a joint powers authority established for the purpose of pooling self-insured claims. While any part of the Real Property is subject to the Bonded Indebtedness, the Property Insurance Policies will include all property insurance coverage the County is required to maintain for the Real Property under the Bonded Indebtedness Documents.

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Property Insurance Policies shall name Tenant's Senior Leasehold Mortgagee as loss payee as its interest may appear and each Mortgagee permitted by this Lease under a standard noncontributing mortgagee clause. Notwithstanding anything to the contrary in this paragraph, all Property Insurance Proceeds shall be paid and applied as this Lease provides.

Property Insurance Policies shall have the meaning ascribed to the term in Section 6.1(i) hereof.

Examples of Property Insurance Policies in a sentence

• The Borrower hereby appoints the Administrative Agent as its attorney-in-fact to make proof of loss, claim for insurance and adjustments with insurers, and to execute or endorse all documents, checks or drafts in connection with payments under Property Insurance Policies.

• Any Insurance Proceeds received by either DDR or RVI in connection with the Puerto Rico Property Insurance Policies shall be allocated as follows: to the extent such Insurance Proceeds relate to Losses incurred or sustained prior to the Effective Time, such Insurance Proceeds shall be retained by (or delivered to, in the event they are received by RVI) DDR.

• If either Party or any member of its Group receives any Insurance Proceeds under the Puerto Rico Property Insurance Policies that relate to Losses incurred or sustained both prior to and after the Effective Time, the Parties will cooperate in good faith to allocate such Insurance Proceeds in accordance with their pro rata shares of the Losses to which such Insurance Proceeds relate.

• The Company hereby appoints the Collateral Representative as its attorney-in-fact to make proof of loss, claim for insurance and adjustments with insurers, and to execute or endorse all documents, checks or drafts in connection with payments under Property Insurance Policies.

• The Company hereby appoints the Agent as its attorney-in-fact to make proof of loss, claim for insurance and adjustments with insurers, and to execute or endorse all documents, checks or drafts in connection with payments under Property Insurance Policies.

• All Property Insurance Policies shall be placed with insurers with a rating reasonably acceptable to Lender.

• Property Insurance Policies shall not include co-insurance provisions whereby the Company, any other Credit Party, the Administrative Agent or any other Person is co-insurer.

• The Issuer will be required to maintain Property Insurance Policies of the types and amounts set forth in the Property Management Agreement as of the date(s) set forth therein.

• As • CONSUMER PROECION & INSURER ACCOUNABILIY: Residential Property Insurance Policies – §§627.0613(4) & 627.062(8)(d) o Te prohibition o the “use and le” system, which allowed insurers to increase rates, imm higher premiums rom policyholders, and ask or approval later, is extended until May 1, 201 prevents policyholders rom being orced to lay out unds or increased premiums which approved by the State.

• Each Credit Party hereby appoints the Agent as its attorney-in-fact to make proof of loss, claim for insurance and adjustments with insurers, and to execute or endorse all documents, checks or drafts in connection with payments under Property Insurance Policies.

More Definitions of Property Insurance Policies

Property Insurance Policies means one or more policies of property insurance maintained by the Owner that insure the Real Property against those risks covered under a form of coverage with terms and conditions as comprehensive as those in an

Property Insurance Policies means one or more policies of property insurance maintained by the Owner that insure the Real Property against those risks covered under a form of coverage with terms and conditions as comprehensive as those in an Form property insurance policy and, when applicable, the comprehensive form of equipment breakdown insurance, with coverage amounts equal to at least the 100 percent Replacement Cost of the Real Property. Owner’s obligation to provide the Property Insurance Policies may be satisfied, in whole or in part, by any self-insurance or deductible maintained by the Owner for the Real Property, or by Owner’s participation in a joint powers authority established for the purpose of pooling self-insured claims.

Property Insurance Policies. With respect to any Mortgaged Property, any related insurance policy that insures such Mortgaged Property or the related Obligor.