Property Insurance Policy definition

Property Insurance Policy means any insurance policy maintained by any Credit Party covering losses with respect to tangible real or personal property or improvements or losses from business interruption.

Property Insurance Policy. With respect to any Property, any hazard insurance policy, flood insurance policy, or other insurance policy that is maintained from time to time in respect of such Property (including, without limitation, any blanket insurance policy maintained by or on behalf of the applicable Issuer).

Property Insurance Policy shall have the meaning set forth in Section 13.2 of this Agreement.

Examples of Property Insurance Policy in a sentence

• Section 5: Glass and Sanitary Ware Section 6: Employers Liability Section 7: Personal Accident Section 8: Commercial Legal Expenses Section 9: Terrorism Policy Extensions Important Information Your Property Insurance Policy NIG policies are underwritten by U K Insurance Limited.

• If we adopt any revision to the Terms and Conditions to this Comprehensive Commercial Property Insurance Policy that would broaden coverage and such revision does not require an additional premium or endorsement and the revision is adopted within forty-five (45) days prior to or during the Policy Period, the broadened coverage will apply to this property policy as of the date the revision is released.

• However, StadCo shall not be required to provide a Property Insurance Policy for any Project Improvements that are: (a) not owned or leased by StadCo or the Authority; or (b) a type of infrastructure assets not customarily insured for physical perils such as public streets and roads.

• In the event of Property Damage, the Insured shall exercise reasonable efforts to obtain and maximize any payment to which it may be entitled under a Property Insurance Policy, or otherwise.

• The deductible amount under the Property Insurance Policy shall be borne by the Borrower in the event of a loss, and such deductible shall not be greater than $25,000 per occurrence.

More Definitions of Property Insurance Policy

Property Insurance Policy means any insurance policy maintained by the Company or any Subsidiary covering losses with respect to tangible real or personal property or improvements or losses from business interruption.

Property Insurance Policy has the meaning set forth in Section 6.6(a)(iii).

Property Insurance Policy means in insurance policy covering a Property against loss or damage to the Property, including business interruption and lost rents arising from any physical damage to the Property.

Property Insurance Policy means insurance (x) against loss or damage covering all tangible real and personal property and improvements of the Company and its Subsidiaries, by reason of any Peril (as defined below) and (y) covering any construction or repair of improvements, for the total value of the work performed and equipment, supplies and material furnished against any Peril. For purposes of this definition, the term "Peril" shall mean, collectively, (i) fire, lighting, flood, windstorm, hail, explosion, riot and civil commotion, vandalism and malicious mischief, damage from aircraft, vehicles and smoke and (ii) all other perils covered by the "all-risk" endorsement then in use in the States in which the Plants are located.

Property Insurance Policy. As defined in the Property Management Agreement.

Property Insurance Policy. With respect to any Mortgage Loan and/or Mortgaged Property, any hazard insurance policy, flood insurance policy, title policy, Environmental Policy, residual value insurance policy or other insurance policy that is maintained from time to time in respect of such Mortgage Loan and/or Mortgaged Property (including, without limitation, any blanket insurance policy maintained by or on behalf of the applicable Issuer). US-DOCS\96557504.296557504.7

Property Insurance Policy. With respect to any Mortgage Loan and/or Mortgaged Property, any hazard insurance policy, flood insurance policy, title policy, Environmental Policy, residual value insurance policy or other insurance policy that is maintained from time to time in respect of such Mortgage Loan and/or Mortgaged Property (including, without limitation, any blanket insurance policy maintained by or on behalf of the applicable Issuer). “Property Insurance Proceeds ”: All proceeds received under any Property Insurance Policy that provides coverage with respect to any Mortgaged Property or the related Mortgage Loan, if applicable. “ Property Management Fee ”: With respect to each Mortgage Loan and each Mortgaged Property owned by the Issuer, the fee payable to the Property Manager pursuant to Section 3.11(a) . “Property Management Fee Rate ”: With respect to each Mortgage Loan and each Lease, a fixed percentage rate equal to 0.25% per annum. “Property Manager ”: Spirit Realty, in its capacity as property manager under this Agreement, or any successor property manager appointed as herein provided. “Property Manager Additional Servicing Compensation ”: As defined in Section 3.11(b) . “Property Protection Advances ”: With respect to the Leases, the Mortgage Loans and the Mortgaged Properties: (i) All customary, reasonable and necessary out-of-pocket costs and expenses incurred by the Property Manager or the Back-Up Manager, in connection with servicing the Leases, the Mortgaged Properties and the Mortgage Loans, in accordance with the Servicing Standard and this Agreement, for the purpose of paying (a) real estate taxes, (b) in the case of Leasehold Mortgaged Properties, payments required to be made under the related ground leases, (c) premiums on Property Insurance Policies (not already paid pursuant to Section 2.11 of the Indenture, as confirmed by the applicable Issuers) and (d) other amounts necessary to preserve or maintain the security interest and lien of the Indenture Trustee in, and value of, each related Mortgaged Property (including any costs and expenses necessary to re-lease such Mortgaged Property), Lease or Mortgage Loan (including costs and expenses related to collection efforts).