Terrorism Insurance definition
Terrorism Insurance shall have the meaning set forth in Section 6.1(b) hereof.
Terrorism Insurance has the meaning assigned to such term in Section 3.1(2).
Terrorism Insurance has the meaning specified in Section 9.01(a)(x).
Examples of Terrorism Insurance in a sentence
Lender will only require such Terrorism Insurance that is (y) normal and customary for similar properties, and (z) available at commercially reasonable rates (as defined in the following sentence).
Within thirty (30) days after request by Lender, Borrower shall obtain such increases in the amounts of coverage required hereunder as may be reasonably requested in writing by Lender or as may be requested in writing by the Rating Agencies, (except with respect to the Terrorism Insurance), taking into consideration changes in liability laws, changes in prudent customs and practices, and the like.
Lender agrees that Terrorism Insurance coverage may be provided under a blanket policy that is acceptable to Lender.
Upon expiration of the Terrorism Insurance Period, provided that no Event of Default then exists, Agent shall return the Terrorism Insurance Period Collateral to Borrower.
Borrower shall be the owner of the Net Proceeds Deficiency, if any, deposited with Agent after a Casualty or Condemnation, the Tax Funds, Insurance Funds, Lease Termination Rollover Funds, the Remargining Collateral and the Terrorism Insurance Period Collateral (collectively, the “Funds”).
More Definitions of Terrorism Insurance
Terrorism Insurance with coverage amounts of not less than an amount equal to the full replacement cost of the improvements and the personal property (the “Terrorism Insurance Required Amount”). Notwithstanding the foregoing sentence, Borrower shall not be obligated to expend in any fiscal year on Insurance Premiums for Terrorism Insurance more than two (2.0) times the then-current annual premium paid by Borrower for the comprehensive all-risk insurance required under subsection 3.1(1)(a) hereof (the “Terrorism Insurance Cap”) and if the cost of the Terrorism Insurance Required Amount exceeds the Terrorism Insurance Cap, Borrower shall purchase the maximum amount of Terrorism Insurance available with funds equal to the Terrorism Insurance Cap; provided, however, the Terrorism Insurance Cap shall not apply or restrict the amount of terrorism coverage required to be obtained and maintained by this subsection (x) with respect to the Project if (a) owners and/or operators of mixed-use retail/office buildings in the same class as the Project in Bronx, New York are generally obtaining terrorism insurance, (b) lenders financing such mixed-use retail/office properties in the same class as the Project in Bronx, New York are generally requiring terrorism insurance as a condition of financing, or (c) Borrower or Sponsor or any Affiliate of Borrower or Sponsor, is obtaining terrorism insurance on any other properties in Bronx, New York of which any of the foregoing Persons own or operate. Not less than fifteen (15) days prior to the expiration dates of the Policies theretofore furnished to Lender pursuant to Section 3.1(1) hereof, Lead Borrower shall deliver to Administrative Agent insurance certificates showing payment of all premiums (the “Insurance Premiums”) for such Policies, which certificates shall be in form and substance reasonably satisfactory to Administrative Agent. Within sixty (60) days following the expiration dates of the Policies, Lead Borrower shall deliver to Administrative Agent certified copies of such Policies marked “premium paid” or accompanied by evidence satisfactory to Administrative Agent of payment of the Insurance Premiums.
Terrorism Insurance. Borrower was unable to have terrorism insurance added to its insurance policy at the time of closing. Borrower has executed a promise letter stating that its renewal insurance policy that they will provide to Lender in April 2007 will contain extended coverage insurance against loss or damage resulting from acts of terrorism.
Terrorism Insurance shall have the meaning set forth in Section 6.1.8. THRESHOLD AMOUNT shall mean an amount equal to $12,000,000. TITLE COMPANY shall mean Lawyer's Title Insurance Corporation, National Land Tenure Company LLC, TitleServ, Commonwealth Land Title Insurance Company, Fidelity National Title Insurance Company and Chicago Title Insurance Company. TITLE POLICY shall mean an ALTA mortgagee title insurance policy in a form acceptable to Lender (or, if the Property is in a State which does not permit the issuance of such ALTA policy, such form as shall be permitted in such State and acceptable to Lender) issued by the Title Company with respect to the Property and insuring the lien of the Security Instrument.
Terrorism Insurance. AMOUNT shall have the meaning set forth in Section 6.1.
Terrorism Insurance shall have the meaning set forth in Section 5.1.1(a)(xi). “The Flood Insurance Acts” shall have the meaning set forth in Section 5.1.1(i). “Termination Space” shall have the meaning set forth in Section 6.4.1. “Title Company” shall mean National Land Tenure and Title Associates, each as agent for ▇▇▇▇▇▇▇ Title Insurance Company and First American Title Insurance Company. “Title Insurance Policy” shall mean an ALTA mortgagee title insurance policy in the form reasonably acceptable to Administrative Agent issued with respect to the Property and insuring the lien of the Mortgage. “Transfer” shall have the meaning set forth in Section 4.2.1(a). “TRIPRA” shall have the meaning set forth in Section 5.1.1
Terrorism Insurance with coverage amounts of not less than an amount equal to the full replacement cost of the Improvements and the Personal Property plus business income/loss of Rents as required in Section 3.1(1)(c) on each Individual Property (the “Terrorism Insurance Required Amount”). Notwithstanding the foregoing, in the event that Borrowers are required to obtain separate Terrorism Insurance as set forth herein in the event that TRIPRA or any successor legislation is no longer in place, Borrowers shall only be required to obtain Terrorism Insurance to the extent that such coverage is obtainable for annual premiums not in excess of an amount equal to two (2) times the then‑annual casualty premium required under Section 3.1(1)(a) (without giving effect to the cost of earthquake insurance or Terrorism Insurance components of such policies) (the “Terrorism Cap”) and shall obtain Terrorism Coverage to such extent.
Terrorism Insurance shall have the meaning set forth in Section 1.03A(1).