Insurance Covenants and Requirements Clauses: Acquisition Loan Agreement

Summary

These clauses are examples of standard insurance covenants and requirements that may be included in an acquisition loan agreement for financing the purchase of commercial real estate. These clauses include practical guidance, drafting notes, and optional clauses. The capitalized terms in these clauses must be conformed to the defined terms in the loan agreement that will include the clauses. Number the clauses in accordance with the sections of the loan agreement that will include the clauses. For a detailed discussion of acquisition loan agreements, see Acquisition Loan Agreements. For a template of an acquisition loan agreement, see Loan Agreement (Acquisition Financing). For additional guidance regarding acquisition financing, see Commercial Real Estate Acquisition Loan Resource Kit.