Increases in Coverage. The policy limits of any policy of insurance required hereunder shall be increased from time to time to reflect what a reasonable prudent owner of land and improvements similar in type and locality to each Mortgaged Property would carry.
Appears in 5 contracts
Sources: Senior Secured Revolving Credit Agreement (Prime Hospitality Corp), Senior Secured Revolving Credit Agreement (Corporate Office Properties Trust), Senior Secured Revolving Credit Agreement (Corporate Office Properties Trust)
Increases in Coverage. The policy limits of any policy of insurance required hereunder shall be increased from time to time to reflect what a reasonable prudent owner of land and improvements similar in type and locality to each Mortgaged Property would carry.
Appears in 2 contracts
Sources: Senior Secured Credit Agreement (Royale Investments Inc), Senior Secured Credit Agreement (Corporate Office Properties Trust)
Increases in Coverage. The policy limits of any policy of insurance required hereunder shall be increased from time to time to reflect what a reasonable prudent owner of land and improvements similar in type and locality to each Mortgaged Pool A Property would carry.
Appears in 1 contract
Sources: Senior Secured Revolving Credit Agreement (Capstar Hotel Co)