Page 123 - ALTA Endorsements Guide
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A L T A E N D O R S E M E N T
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c. The amount of rent or damages that, by the terms of the Lease, the Insured must continue to pay
to the lessor after Eviction with respect to the portion of the Leasehold Estate 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 or sublease specifically permitted by the Lease and made by the Tenant as lessor of all or
part of the Leasehold Estate.
e. Damages caused by the Eviction that the Insured is obligated to pay to lessees or sublessees on
account of the breach of any lease or sublease specifically permitted by the Lease and made by
the Tenant as lessor of all or part of the Leasehold Estate.
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.
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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