Rent Insurance definition

Rent Insurance on an "All Risk" or "Physical Loss" basis in an amount equal to twelve (12) months' current Base Rent, as well as twelve (12) months' current Additional Rent payable pursuant to Article 3 above.
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Rent Insurance shall have the meaning provided in Section 7.01(a)(iv).
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Examples of Rent Insurance in a sentence

  • Payments will be applied first to accrued late charges and attorney’s fees, second to accrued interest, then to Base Rent, Insurance and Real Property Taxes, and any remaining amount to any other outstanding charges or costs.

  • Tenant shall be current on all contractual obligations, including but not limited to, MAG, Percentage Rent, Insurance, Security Deposit, late fees, penalties, and fines through August 31, 2024, except as otherwise provided for herein.

  • Notwithstanding the foregoing, the Lessor may at its option use or release the Rent Insurance Proceeds to pay for the Work and, if a Lease Default exists, the Lessor may apply all such insurance proceeds towards the Lease Obligations or hold such proceeds as security therefor.

  • We will not cover Consequential loss or damage of any kind except Rent Insurance.

  • Lessor shall direct all proceeds of rent loss and/or business interruption insurance (collectively, "Rent Insurance Proceeds") to be paid to Lessee, provided no fact or circumstance exists which constitutes, or with notice, or passage of time, or both, would constitute, a Lease Default pertaining to the Facility or the Leased Property.

  • Tenant shall maintain Business Interruption Insurance, which shall include Rent Insurance in an amount not less than the annual rental payable hereunder.

  • The Rent, Insurance Rent, Service Charge and all other amounts due under this lease shall be paid by the Tenant in full without any set-off, counterclaim, deduction or withholding (other than any deduction or withholding of tax as required by law).

  • We will not cover Consequential Loss or damage of any kind except Rent Insurance.

  • If Tenant shall fail to pay Base Rent, Insurance Costs, Operating Costs and Taxes or other charges within fifteen (15) days after the same become due and payable under this Lease, such unpaid amounts shall bear interest from the due date thereof to the date of payment at an annual rate equal to the prime rate announced from time to time by Bank of America (or any successor).

  • Optional Benefit No. 8 – Increase of Indemnity limits under the Additional Benefit (E) Rent Insurance What is covered The limit of liability under the Additional Benefit (E) Rent Insurance is increased to the per cent (as stipulated in the Policy Schedule) of the Total Sum Insured on Buildings and/or Contents.

Related to Rent Insurance

  • Insurance Rent the sums described in paragraph 1.1 of Schedule 4; “Insured Risks” the risks of fire (including subterranean fire), lightning, explosion, storm, flood, subsidence, landslip, heave, earthquake, burst or overflowing water pipes, tanks or apparatus, impact by aircraft or other aerial devices and any articles dropped from them, impact by vehicles, terrorism, riot, civil commotion and malicious damage to the extent, in each case, that cover is generally available on normal commercial terms in the UK insurance market at the time the insurance is taken out, and any other risks against which the Landlord reasonably insures from time to time, subject in all cases to any excesses, limitations and exclusions imposed by the insurers;10

  • FHA Insurance means the Federal mortgage insurance authorized pursuant to Section 220, 221(d)(3), 221 (d)(4) or 223(f) of Title II of the National Housing Act of 1934, as amended.

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • Casualty insurance means liability insurance.

  • Blanket insurance policy means a group policy covering a defined class of