Examples of Terrorism Insurance Cap in a sentence
All Terrorism Policies shall be from a carrier which otherwise satisfies the rating criteria specified in Section 5.1.2 (a "Qualified Carrier") or, in the event that any such Terrorism Policy is not available to any Borrower or its Affiliate from a Qualified Carrier, such Borrower shall obtain such Terrorism Policy from the highest rated insurance company, if any, offering such Terrorism Policy to such Borrower, subject to the Terrorism Insurance Cap.
In the event that the annual premiums for the Terrorism Policies exceed, in the aggregate, the Terrorism Insurance Cap, Borrowers shall be required to obtain and maintain Terrorism Policies to the extent the same are available to Borrowers, which provide coverage for as much of the loss, cost, damage or liability excluded by the applicable Terrorism Exclusion as is available at a cost equal to the Terrorism Insurance Cap.