Document ID: 14751

Text:
(ii) Such property insurance policy shall include, subject to Section13.1(a)(i) above: (i)agreed amount coverage and/or a waiver of any co-insurance; (ii)building ordinance coverage (ordinance or law) including loss of the undamaged portions, the cost of demolishing undamaged portions, and the increased cost of rebuilding; and also including, but not limited to, any non-conforming structures or uses; (iii)equipment breakdown coverage (boiler and machinery coverage); (iv) debris removal; and (v)business interruption coverage in an amount not less than two (2)years of Rent and containing an Extended Period of Indemnity endorsement for an additional minimum six months period. Subject to Section13.1(a)(i), the property policy shall cover: wind/windstorm, earthquake/earth movement and flood and any sub- limits applicable to wind (e.g. named storms), earthquake and flood are subject to the approval of the Landlord and Fee Mortgagee. Such policy shall (i)name Landlord as required pursuant to Section13.2 herein for its interests in the Leased Property and Rent; (ii)name each Fee Mortgagee and Permitted Leasehold Mortgagee as an additional insured, and (iii)include a New York standard mortgagee clause (or its equivalent) in favor of each Fee Mortgagee and Permitted Leasehold Mortgagee. Except as otherwise set forth herein, any property insurance loss adjustment settlement associated with the Leased Property shall require the written consent of Landlord, Tenant, and each Fee Mortgagee (to the extent required under the applicable Fee Mortgage Documents) unless the amount of the loss net of the applicable deductible is less than Fifty Million and No/100 Dollars ($50,000,000.00) in which event no consent shall be required.

Named Entities:
12
14
Regulation
335
342
Principal

Tokenized Text:
(
ii
)
Such
property
insurance
policy
shall
include
,
subject
to
Section13
.
1
(
a
)
(
i
)
above
:
(
i
)
agreed
amount
coverage
and
/
or
a
waiver
of
any
co-insurance
;
(
ii
)
building
ordinance
coverage
(
ordinance
or
law
)
including
loss
of
the
undamaged
portions
,
the
cost
of
demolishing
undamaged
portions
,
and
the
increased
cost
of
rebuilding
;
and
also
including
,
but
not
limited
to
,
any
non-conforming
structures
or
uses
;
(
iii
)
equipment
breakdown
coverage
(
boiler
and
machinery
coverage
)
;
(
iv
)
debris
removal
;
and
(
v
)
business
interruption
coverage
in
an
amount
not
less
than
two
(
2
)
years
of
Rent
and
containing
an
Extended
Period
of
Indemnity
endorsement
for
an
additional
minimum
six
months
period
.
Subject
to
Section13
.
1
(
a
)
(
i
)
,
the
property
policy
shall
cover
:
wind
/
windstorm
,
earthquake
/
earth
movement
and
flood
and
any
sub
-
limits
applicable
to
wind
(
e
.
g
.
named
storms
)
,
earthquake
and
flood
are
subject
to
the
approval
of
the
Landlord
and
Fee
Mortgagee
.
Such
policy
shall
(
i
)
name
Landlord
as
required
pursuant
to
Section13
.
2
herein
for
its
interests
in
the
Leased
Property
and
Rent
;
(
ii
)
name
each
Fee
Mortgagee
and
Permitted
Leasehold
Mortgagee
as
an
additional
insured
,
and
(
iii
)
include
a
New
York
standard
mortgagee
clause
(
or
its
equivalent
)
in
favor
of
each
Fee
Mortgagee
and
Permitted
Leasehold
Mortgagee
.
Except
as
otherwise
set
forth
herein
,
any
property
insurance
loss
adjustment
settlement
associated
with
the
Leased
Property
shall
require
the
written
consent
of
Landlord
,
Tenant
,
and
each
Fee
Mortgagee
(
to
the
extent
required
under
the
applicable
Fee
Mortgage
Documents
)
unless
the
amount
of
the
loss
net
of
the
applicable
deductible
is
less
than
Fifty
Million
and
No
/
100
Dollars
(
$
50
,
000
,
000
.
00
)
in
which
event
no
consent
shall
be
required
.