Example ContractsClausesbusiness income insurance and extra expenses coverageIdentical
Business Income Insurance and Extra Expenses Coverage
Business Income Insurance and Extra Expenses Coverage contract clause examples

the commercial property and business income insurance required under Sections 6.1(a)(i) and (iii) above shall cover perils of terrorism and acts of terrorism (whether caused by a foreign or domestic source) and the Insured Borrower shall maintain commercial property and business income insurance for loss resulting from perils and acts of terrorism (whether caused by a foreign or domestic source) on terms (including amounts) consistent with those required under Sections 6.1(a)(i) and (iii) above at all times during the term of the Loan; provided, however, that notwithstanding the foregoing the Insured Borrower shall only be required to provide coverage in an amount of one hundred percent (100%) of the “Full Replacement Cost”;

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