Loss of Use of Property. The Manager shall maintain insurance against loss of rental income from the Property (or business interruption insurance, if applicable) which shall meet the following requirements: (i) The amount of such insurance shall equal the maximum actual loss which might be sustained if the Property were totally destroyed, but in no event less than the maximum Tenants economic obligations for a twelve-month period, less a deductible as may be approved by FNF. (ii) Such insurance shall include extra expense coverage, if applicable. (iii) Such insurance shall provide coverage against the perils insured against under Section 4.1. (iv) Such insurance shall contain an agreed amount endorsement or a waiver of co-insurance as specified by FNF.
Appears in 3 contracts
Sources: Property Management Agreement (Lender Processing Services, Inc.), Property Management Agreement (Lender Processing Services, Inc.), Property Management Agreement (Lender Processing Services, Inc.)
Loss of Use of Property. The Manager shall maintain insurance against loss of rental income from the Property (or business interruption insurance, if applicable) which shall meet the following requirements:
(i) The amount of such insurance shall equal the maximum actual loss which might be sustained if the Property were totally destroyed, but in no event less than the maximum Tenants Tenant economic obligations for a twelve-month period, less a deductible as may be approved by FNF.
(ii) Such insurance shall include extra expense coverage, if applicable.
(iii) Such insurance shall provide coverage against the perils insured against under Section 4.1.
(iv) Such insurance shall contain an agreed amount endorsement or a waiver of co-insurance as specified by FNF.
Appears in 1 contract
Sources: Property Management Agreement (Fidelity National Title Group, Inc.)