Property Insurance Premiums definition
Examples of Property Insurance Premiums in a sentence
Tenant will provide Manager with evidence of Tenant’s payment of the Property Insurance Premiums, and the receipt of any credits, rebates and discounts, within five days after Manager’s request.
Manager will only be required to pay Property Insurance Premiums to the extent of available Gross Revenues.
Commencing at the beginning of the Initial Lease Term, the Tenant shall also pay, as Additional Rent, its prorated share of Landlord's Real Estate Taxes, Property Insurance Premiums and Common Area Maintenance Charges, which are estimated to be $2.00 per square foot or $45.67 per month, during the First Lease Year and which shall be adjusted annually, thereafter, based on actual costs (See Paragraphs 7, 9 & 11).
During the Lease Term, Landlord shall also maintain business interruption coverage, with loss payable to Landlord, in an amount equal to one (1) year’s Base Rent, plus estimated Real Property Taxes and Property Insurance Premiums (hereinafter defined).
Real Property Taxes, Property Insurance Premiums, and Operating Costs (“Property Operating Expenses�) associated with the operation of the Property are currently estimated to be $.85 per square foot.
Tenant shall pay Landlord a sum equal to one-twelfth (1/12) of the annual Property Insurance Premiums and Real Property Taxes payable by Tenant under this Lease, together with each payment of Base Rent.
Manager shall reconcile prior payments of the Property Insurance Premiums to Owner for each Fiscal Year with the actual amount of the Property Insurance Premiums for such Fiscal Year, and the parties shall make any necessary adjustments with respect thereto following Owner’s receipt of each Accounting Period Statement and/or Annual Operating Statement, as applicable.
NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY LENDER-RELATED PERSON IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM.
RESOLUTION 2016-07-12-94Within Fund Budget AdjustmentMs. Cartwright moved to approve reallocating $2,148.00 from line #2141-760-740-0000 (Machinery, Equipment and Furniture) to line #2141-330-381-0000 (Property Insurance Premiums) to cover the payment to Ohio Township Association Risk Management Authority (OTARMA).
Joshua Aaron Randlett, Comment, Fair Access to Insurance Requirements: Do “Fair� Property Insurance Premiums for Individual Coastal Property Owners in Massachusetts Equate with Fairness to the Greater Market?, 15 OCEAN & COASTAL L.J. 127, 131�32 (2010) (“In recent years, the hurricanes that have hit the United States have led to a vast amount of destruction and economic loss.