Windstorm Coverage definition

Windstorm Coverage is defined in Section 6.10(a)(iv). The Riders listed on Page ii are attached to and incorporated into this Loan Agreement.
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Windstorm Coverage is defined in Section 6.10(a)(iv).
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Windstorm Coverage means any personal lines residential property insurance coverage which provides insurance coverage for any loss due to a windstorm, hurricane or hail.
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Examples of Windstorm Coverage in a sentence

  • Windstorm Coverage will be written in an amount not less than the Replacement Cost of the Mortgaged Property.

  • Windstorm Coverage will be written in an amount equal to 100% of the Replacement Cost.

  • Business income/rental value Insurance required under Section 6.10(a)(iii) will be in force for all losses covered by Windstorm Coverage.

  • Windstorm Coverage if “all-risk” property damage insurance excludes wind-related events in an amount equal to 100% of replacement cost.

  • Most mortgage companies will require you to carry Windstorm Coverage if you have a mortgage.

  • See Windstorm Coverage, for additionalinformation regarding the windstorm.When Does it Apply?All property types.Amount of Coverage• Actual loss sustained or minimum of most recent 12 months net income plus ongoing expenses and other ongoing obligations, including the full mortgage payment, MIP and reserve deposits.• 180-Day Extended Period of Indemnity.

  • FHFC Guidance: Regarding Windstorm Coverage through Citizens The borrower must provide documentation from insurance agent regarding the lack of availability of other coverage for windstorm.

  • Business income/rental value Insurance required under Section 19 (a)(iii) will be in force for all losses covered by Windstorm Coverage.

  • Regarding Acceptable Deductibles for Windstorm Coverage for Business Income including Rental Value FHFC will accept 5% deductibles for the peril of Windstorm for Business Income including Rental Value with no waiver process.Flood LimitsFannie Mae Guide Language: Section 322.

  • If Windstorm Coverage is excluded under the primary property/casualty policy, the borrower will be required to obtain a separate windstorm insurance policy containing coverage provisions satisfactory to MHP.


More Definitions of Windstorm Coverage

Windstorm Coverage means coverage for loss or damage
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Windstorm Coverage. INCORPORATION OF ATTACHED RIDERS. The Riders listed in Part D of the Summary of Loan Terms are attached to and incorporated into this Loan Agreement. ARTICLE XIV
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Windstorm Coverage is defined in Section 6.10(a)(iv). article xiII INCORPORATION OF ATTACHED RIDERS. The Riders listed on Page ii are attached to and incorporated into this Loan Agreement. Multifamily Loan and Security Agreement – Seniors Housing Page 91 ARTICLE XIV INCORPORATION OF ATTACHED EXHIBITS. The following Exhibits, if marked with an “X” in the space provided, are attached to this Loan Agreement: X Exhibit A Description of the Land (required) X Exhibit B Modifications to Multifamily Loan and Security Agreement X Exhibit C Repair Schedule of Work X Exhibit D Repair Disbursement Request (required) X Exhibit E Work Commenced at Mortgaged Property X Exhibit F Capital Replacements (required) Exhibit G Description of Ground Lease X Exhibit H Organizational Chart of Borrower as of the Closing Date (required) N X Exhibit I Designated Entities for Transfers and Guarantor(s) (required) Exhibit J Description of Release Parcel N X Exhibit K Licenses (required) N X Exhibit L Furniture, Fixtures, Equipment, and Motor Vehicles (required) X Exhibit M Contracts (required) N X Exhibit N Material Contracts (required) X
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Windstorm Coverage has the meaning ascribed to such term in Section 12.1(b)(iii) hereof.
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Windstorm Coverage is defined in Section 19(a)(ix).
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Related to Windstorm Coverage

  • windstorm means straight line winds of at least 80 miles per

  • Coverage or “Covering”) shall mean that the developing, making, using, offering for sale, promoting, selling or importing of a given compound, formulation or product would infringe a Valid Claim of an issued patent in the absence of a license under such Valid Claim. The determination of whether a compound, formulation or product is Covered by a particular Valid Claim shall be made on a country-by-country basis.

  • Lot coverage means the portion or percentage of the area of a lot upon which buildings are erected.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:

  • Fraud Coverage During the period prior to the first anniversary of the Cut-Off Date, 2.00% of the aggregate principal balance of the Mortgage Loans as of the Cut-Off Date (the "Initial Fraud Coverage"), reduced by Fraud Losses allocated to the Certificates since the Cut-Off Date; during the period from the first anniversary of the Cut-Off Date to (but not including) the fifth anniversary of the Cut-Off Date, the amount of the Fraud Coverage on the most recent previous anniversary of the Cut-Off Date (calculated in accordance with the second sentence of this paragraph) reduced by Fraud Losses allocated to the Certificates since such anniversary; and during the period on and after the fifth anniversary of the Cut-Off Date, zero. On each anniversary of the Cut-Off Date, the Fraud Coverage shall be reduced to the lesser of (i) on the first, second, third and fourth anniversaries of the Cut-Off Date, 1.00% of the aggregate principal balance of the Mortgage Loans as of the Due Date in the preceding month and (ii) the excess of the Initial Fraud Coverage over cumulative Fraud Losses allocated to the Certificates since the Cut-Off Date. The Fraud Coverage may be reduced upon written confirmation from the Rating Agencies that such reduction will not adversely affect the then current ratings assigned to the Certificates by the Rating Agencies.

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

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • Asset Coverage means asset coverage, as determined in accordance with Section 18(h) of the 1940 Act, of at least 200% with respect to all outstanding senior securities of the Trust which are stock, including all Outstanding Series B Preferred Shares (or such other asset coverage as may in the future be specified in or under the 1940 Act as the minimum asset coverage for senior securities which are stock of a closed-end investment company as a condition of declaring dividends on its common stock), determined on the basis of values calculated as of a time within 48 hours (not including Saturdays, Sundays or holidays) next preceding the time of such determination.

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • Insurance Coverage Contractor shall, at Contractor’s sole expense, procure, maintain and keep in force for the duration of this Contract the following insurance conforming to the minimum requirements specified below. Unless specified herein or otherwise agreed to by the City, the required insurance shall be in effect prior to the commencement of work by Contractor and shall continue in force as appropriate until the latter of:

  • General Liability means:Your legal liability in respect of Personal Injury and/or Property Damage and/or Advertising Injury caused by or arising out of an Occurrence happening in connection with the Business other than Products Liability.

  • Claims-made coverage means an insurance contract or provision limiting

  • General Liabilities shall have the meaning given it in Article III, Section 6(b) of this Declaration of Trust;

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.

  • Earthquake insurance, if the Leased Property is currently, or at any time in the future, located within a major earthquake disaster area, in amount, and in such form and substance and with such limits and deductibles as are satisfactory to Landlord; and

  • Tail risk means a risk that occurs either where the frequency of low probability events is higher than expected under a normal probability distribution or where there are observed events of very significant size or magnitude.

  • 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.

  • Vandalism means destruction of or damage to a Project Asset deliberately

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • Period of Coverage means the Plan Year, with the following exceptions: (a) for Employees who first become eligible to participate, it shall mean the portion of the Plan Year following the date on which participation commences, as described in Section 3.1; and (b) for Employees who terminate participation, it shall mean the portion of the Plan Year prior to the date on which participation terminates, as described in Section 3.2.

  • Casualty shall have the meaning set forth in Section 6.2 hereof.

  • Errors and Omissions Policy As defined in each of the Servicing Agreements.

  • group insurance means blanket insurance and franchise insurance and any other forms of group insurance.

  • Errors and Omissions Insurance Policy means an errors and omissions insurance policy maintained by the Master Servicer, the Special Servicer, the Trustee, the Custodian or the Certificate Administrator, as the case may be, in accordance with Section 8.2, Section 9.2 and Section 7.17, respectively.