Special Causes of Loss and "Difference in Conditions" and "Plate Glass" coverages for not less than the full replacement cost thereof, with the deductible on the "Plate Glass" and "Special Causes of Loss" policies not to exceed [***] and with a commercially reasonable deductible on the "Difference in Conditions" policy (provided, however, by way of illustration and not limitation, it shall be deemed commercially reasonable for the "Difference in Conditions" policy to have a deductible of [***] of the value of the insured property or a deductible of [***].
Special Causes of Loss and "Difference in Conditions" property coverage, Workers' Compensation, Employer's Liability and any other casualty or risk insurance which Landlord or Landlord's insurance carrier deems necessary or appropriate. If and to the extent Landlord elects to self insure up to the first [***], of any claims for personal injury or bodily injury, or under Workers' Compensation, there shall be included within insurance costs the amount of any personal injury, bodily injury or Workers' Compensation claim(s) or judgment(s) paid by Landlord, limited, however, in each instance to the lesser of (i) [***], or (ii) [***].
Special Causes of Loss insurance and business interruption insurance naming Agent as loss payee, and (ii) general liability and other liability policies naming Agent for the benefit of Lenders as additional insured.
Examples of Special Causes of Loss in a sentence
Such insurance shall cover the Demised Premises in an amount not less than the Full Insurable Value of the Demised Premises covering, at a minimum, the perils insured under the ISO Special Causes of Loss Form CP 10 30, or the equivalent, including coverage for loss caused by enforcement of ordinances or laws to the extent it is commercially available.
Such shall require an ISO Special Causes of Loss Form or equivalent.
This insurance will be Special Causes of Loss policy form, (minimally including perils of fire, flood, lightning, explosion, windstorm and hail, smoke, aircraft and vehicles, riot and civil commotion, theft, vandalism, malicious mischief, and collapse), completed value, replacement cost policy form equal to the contract price and all subsequent modifications.
Such insurance requires an ISO Special Causes of Loss Form or equivalent.
The coverage shall be written on an “all-risk” basis and shall, at a minimum cover the perils insured under the ISO CP 10 30 Special Causes of Loss Form (Exhibit D) and shall include property in transit and property stored on or off premises, which shall become part of the project.
More Definitions of Special Causes of Loss
Special Causes of Loss. (formerly known as “All Risk”) Property insurance covering all of Customer’s personal property located at any of Cologix’s facilities and (c) workers’ compensation insurance in an amount not less than that required by applicable law and Employer’s Liability with limits of at least Five Hundred Thousand Dollars ($500,000). Customer acknowledges that (x) it retains the risk of loss for, or damage to, its equipment and other personal property located at any of Cologix’s facilities and (y) Cologix’s insurance policies do not provide coverage for Customer’s equipment or other personal property. Customer’s general liability policy shall indicate that insurer provides the primary, non-contributory insurance for any claims under the Agreement. Each of Customer’s general liability policy and property insurance policy shall include a provision denying insurer subrogation rights against Cologix and the Cologix indemnitees. Customer shall cause the insurance company issuing such policies to issue a certificate to Cologix confirming that such policies are in full force and effect and provide coverage to Cologix and the Cologix indemnitees as additional insureds and confirming that before any cancellation or material modification, the insurance company will provide Cologix with thirty (30) days prior written notice. Customer shall require any contractor, customer or other third party entering a Cologix facility on Customer’s behalf to procure and maintain the same types, amounts and coverage extensions as required of Customer.
Special Causes of Loss. Builder's Risk Insurance insuring the interest of Owner, Owner’s Lender (if requested), Construction Manager and Subcontractors (of every tier) as their interest may appear, set forth in the single policy, including coverage against the perils of fire and extended coverage and physical loss or damage including, without duplication of coverage, for theft, vandalism, malicious mischief, falsework, windstorm, and collapse including the coverage available under the so-called "Installation Floater", written on the completed value basis in an amount not less than the Contract Price of Construction Manager's contract (including subcontracts) and all authorized and approved Change Orders. Coverage will include all materials, supplies and equipment that are specifically intended for installation into the Work while such materials, supplies and equipment are temporarily located off the Site of the Work, in transit to the Site of the Work, or are temporarily located or stored off the Site of the Work for the purpose of repair, adjustment or storage at the risk of one of the insured parties. Except to the extent the Owner (in its sole discretion) elects not to require such coverage, such coverage shall also cover temporary buildings and debris removal including demolition occasioned by enforcement of any applicable legal requirements, taxes, delay in opening / delay in start-up benefitting Owner, and reasonable compensation for the services and expenses of the Owner's Architect and such other professionals required as a result of such insured loss ("Soft Costs"). To the extent such coverage is required to be provided by the Construction Manager (see below), the specific Soft Costs coverage terms and limits shall be expressly approved by Owner prior to commencement of the Work. Land Movement -- $50,000.00 per occurrence; Flood -- $25,000.00 per occurrence; Windstorm – 1% of the value at risk subject to a minimum of $25,000 and maximum of $50,000 per occurrence; Water Damage -- $25,000.00 per occurrence. Party to furnish Builder’s Risk Insurance: Construction Manager. DEDUCTIBLES. Deductibles shall be $10,000.00, except as follows: Losses or claims not paid by insurance because such losses or claims do not exceed the deductible amounts expressly stated above shall be borne by the Construction Manager to the extent Construction Manager’s or its Subcontractors’ negligence caused or is responsible for the loss. Such costs shall be reimbursable as Cost of the Work, to the e...
Special Causes of Loss form (as defined by the insurance contracts) on a Replacement Cost valuation basis; unless waived by PPM. Coverage is to include Wind and Hail; Ordinance or Law - coverage for loss to undamaged portion of the building for full replacement value of the building; and an
Special Causes of Loss form (as defined by the insurance contracts) on a Replacement Cost valuation basis. Coverage is to include Wind and Hail and Ordinance or Law (Coverage A to be a minimum of 50% of the building amount for a single building property or 50% of the highest valued collateral building in multiple location properties). If the property has multiple buildings and is written on a Blanket Basis, the policy must not contain a Margin Clause; an Occurrence Limit of Liability Endorsement; or any other form wording designed to dilute or delete the benefit of Blanket Coverage.
Special Causes of Loss builder’s risk insurance upon the entire work to be performed (herein “Work”) to the full insurable value thereof. This insurance shall include the interests of Landlord and Tenant (and their respective contractors and subcontractors of any tier to the extent of any insurable interest therein) in the Work and shall insure against the perils of fire and extended coverage and shall include “Special Causes of Loss” builder’s risk insurance for physical loss or damage including, without duplication of coverage, theft vandalism and malicious mischief. If portions of the Work are stored off the site of the Building or in transit to said site are not covered under said “Special Causes of Loss” builder’s risk insurance, then Tenant shall effect and maintain similar property insurance on such portions of the Work. Any loss insured under said “Special Causes of Loss” builder’s risk insurance is to be adjusted with Landlord and Tenant and made payable to Landlord, as trustee for the insureds, as their interests may appear. All policies (except the worker’s compensation policy) shall be endorsed to include as additional insured parties the parties listed on, or required by, the Lease and such additional persons as Landlord may designate. The waiver of subrogation provisions contained in the Lease shall apply to all insurance policies (except the workmen’s compensation policy) to be obtained by Tenant pursuant to this paragraph. The insurance policy endorsements shall also provide that all additional insured parties shall be given thirty (30) days’ prior written notice of any reduction, cancellation or non-renewal of coverage (except that ten (10) days’ notice shall be sufficient in the case of cancellation for non-payment of premium) and shall provide that the insurance coverage afforded to the additional insured parties thereunder shall be primary to any insurance carried independently by said additional insured parties. Additionally, where applicable, each policy shall contain a cross-liability and severability of interest clause. Without limitation of the indemnification provisions contained in the Lease, to the fullest extent permitted by law Tenant agrees to indemnify, protect, defend and hold harmless Landlord and its employees and agents, from and against all claims, liabilities, losses, damages and expenses of whatever nature arising out of or in connection with the Work or the entry of Tenant or Tenant’s Contractors into the Building and the Premises, includi...
Special Causes of Loss physical damage insurance on all of Borrower's tangible real and personal property and assets, wherever located, including without limitation, Collateral located at premises not owned or leased by Borrower and covers, without limitation, fire and extended coverage, boiler and machinery coverage, flood, earthquake, environmental, liquids, theft, burglary, explosion, collapse, and all other hazards and risks ordinarily insured against by owners or users of such properties in similar businesses. All policies of insurance on such real and personal property contain an endorsement, in form and substance acceptable to Agent, showing loss payable to Agent (Form 438 BFU or its equivalent) and extra expense and business interruption endorsements. Such endorsement, or an independent instrument furnished to Agent, provides that the insurance companies will give Agent at least thirty (30) days prior written notice before any such policy or policies of insurance shall be altered or canceled and that no act or default of Borrower or any other Person shall affect the right of Agent to recover under such policy or policies of insurance in case of loss or damage;
Special Causes of Loss form (as defined by the insurance contracts) on a Replacement Cost valuation basis. Coverage is to include Wind and Hail and Ordinance or Law (Coverage A to be a minimum of 50% of the building amount for a single building property or 50% of the highest valued collateral building in multiple location properties). If the property has multiple buildings and is written on a Blanket Basis, the policy must not contain a Margin Clause. Boiler and Machinery/Equipment Breakdown coverage is to include property damage, business income, extra expense and hazardous substance. If the Building and Boiler and Machinery/Equipment Breakdown coverages are provided by separate policies, a Joint Loss Agreement Endorsement should be obtained on each policy.