Terrorism Insurance Cap definition

Terrorism Insurance Cap shall have the meaning set forth in Section 6.1(a)(x) hereof.
Terrorism Insurance Cap has the meaning specified in Section 9.01(a)(x).
Terrorism Insurance Cap has the meaning assigned to such term in Section 3.1(2).

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.


More Definitions of Terrorism Insurance Cap

Terrorism Insurance Cap means $578,600.
Terrorism Insurance Cap means $250,000.
Terrorism Insurance Cap shall have the meaning set forth in SECTION 5.1.1(h).
Terrorism Insurance Cap means an amount equal to three (3) times the amount of the then current cost to obtain a comprehensive special cause of loss form property insurance policy for the related Mortgaged Property on a stand alone basis (as opposed to as a part of a blanket policy), excluding coverage for the peril of earthquake, in accordance with the related Mortgage Loan documents.
Terrorism Insurance Cap means as described in Section 7.1.1.
Terrorism Insurance Cap has the meaning set forth in Schedule 6.11(a)(i).
Terrorism Insurance Cap. (for the combined properties, which includes other properties in addition to these mortgaged properties) shall mean a $100,000 premium in the aggregate, allocable to the Terrorism Insurance coverage portion of tenant's "all risk" or blanket insurance policy; provided, however, if tenant does not have an "all risk" or blanket insurance policy that includes Terrorism Insurance, Terrorism Insurance coverage is no longer available as part of tenant's "all risk" or blanket insurance policy, or if tenant so chooses, then "Terrorism Insurance Cap" shall mean a $40,000 premium for a stand alone Terrorism Insurance policy.