Page 114 - ALTA Endorsements Guide
P. 114

A L T A                   E N D O R S E M E N T

                1-06  to  9.6.1-06  9.7-06  to  17.1-06  17.2-06  to  28.3-06  29-06  to  36.6-06  36.7-06  to  46-06

                   c.  The amount of rent, easement payments or damages that, by the terms of the Lease or the
                       Easement, as applicable, the Insured must continue to pay to the lessor or grantor after Eviction
                       with respect to the portion of the Leasehold Estate or Easement Interest, as applicable, from
                       which the Insured has been Evicted.
                   d. The fair market value, at the time of the Eviction, of the estate or interest of the Insured in any
                       lease, sublease or easement specifically permitted by the Lease or Easement, as applicable, and
                       made by the Insured as lessor or grantor of all or part of the Leasehold Estate or Easement
                       Interest, as applicable.

                   e. Damages caused by the Eviction that the Insured is obligated to pay to lessees or sublessees or
                       easement or subeasement grantees on account of the breach of any lease or sublease or
                       easement or subeasement specifically permitted by the Lease or the Easement, as applicable,
                       and made by the Insured as lessor or grantor of all or part of the Leasehold Estate or Easement
                       Interest, as applicable.
                   f.  The reasonable cost to obtain land use, zoning, building and occupancy permits, architectural
                       and engineering services and environmental testing and reviews for a replacement leasehold
                       reasonably equivalent to the Leasehold Estate or a replacement easement reasonably equivalent
                       to the Easement Interest, as applicable.
                   g. If any Electricity Facility is not substantially completed at the time of Eviction, the actual cost
                       incurred by the Insured up to the time of Eviction, less the salvage value, for the Electricity Facility
                       located on that portion of the Land from which the Insured is Evicted.  Those costs include costs
                       incurred to construct and fabricate the Electricity Facility, obtain land use, zoning, building and
                       occupancy permits, architectural and engineering services, construction management services,
                       environmental testing and reviews, and landscaping, and cancellation fees related to the
                       foregoing.
               6.      This endorsement does not insure against loss, damage or costs of remediation (and the
                       Company will not pay costs, attorneys' fees, or expenses) resulting from environmental damage
                       or contamination.

               This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any
               of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of
               Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous
               endorsement is inconsistent with an express provision of this endorsement, this endorsement controls.
               Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior
               endorsements.


























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