Terrorism Premium Limit

Terrorism Premium Limit. Shall mean, for each calendar year, an annual Insurance Premium that is equal to the lesser of (a) $0.25 per $100 of the "total insured value" of the Property (where "total insured value" shall mean the one hundred percent (100%) replacement cost of the Improvements and the Personal Property on the Property and the required business income value) and (b) $0.25 per $100 of the Loan Amount. The parties hereto hereby agree that the Terrorism Premium Limit shall only apply to that portion of the... terrorism coverage maintained by Borrower in excess of the Loan Amount. View More