BUILDINGS POLICIES. 16.1 The Servicer shall not knowingly take any action or omit to take any action which would result in the avoidance or termination of any applicable Buildings Policy or would reduce the amount payable on any claim thereunder.
16.2 Upon receipt of notice that any Borrower whose Loan is secured by a mortgage of or a standard security over a leasehold Property including a Property in Scotland held under a long lease has failed to make a payment when due of any sums due under the relevant lease in respect of the insurance of the property the Servicer may debit that Borrower's account with the relevant amount which shall then be paid to the landlord or to the relevant insurance company together with notice to the landlord.
16.3 If the Servicer becomes aware that a Borrower has failed to pay premiums due under any Buildings Policy, the Servicer shall take such action as would a Reasonable, Prudent Mortgage Lender with a view to ensuring that the relevant Property continues to be insured in accordance with the applicable Mortgage Terms or the Alternative Insurance Recommendations.
BUILDINGS POLICIES. (a) Upon receipt of notice that any Borrower whose Mortgage Loan is secured by a mortgage of a leasehold (or, in Scotland, a standard security of a long leasehold) Mortgaged Property has failed to make a payment when due of any sums due under the relevant lease in respect of the insurance of the property, the Administrator may debit such Borrower's account with the relevant amount which shall then be paid to the relevant landlord.
(b) If the Administrator becomes aware that a Borrower has failed to pay premiums due under any Buildings Policy, the Administrator shall take such action as would a reasonable and prudent mortgage lender with a view to ensuring that the relevant Mortgaged Property continues to be insured in accordance with the applicable Mortgage Terms or the Alternative Insurance Requirements.
BUILDINGS POLICIES. If the Servicer becomes aware that a Borrower under a Loan sold by the Seller to the Mortgages Trustee is unable to take out buildings insurance in relation to a Property, the Servicer shall take such action as would a Reasonable, Prudent Mortgage Lender with a view to ensuring that the relevant Property continues to be insured in accordance with the applicable Mortgage Terms.
BUILDINGS POLICIES. (a) Upon receipt of notice that any Borrower whose Mortgage Loan is secured by a mortgage of a leasehold Mortgaged Property has failed to make a payment when due of any sums due under the relevant lease in respect of the insurance of the property, the Administrator may debit such Borrower's account with the relevant amount which shall then be paid to the relevant landlord.
(b) If the Administrator becomes aware that a Borrower has failed to pay premiums due under any Buildings Policy, the Administrator shall take such action as would a reasonable and prudent mortgage lender with a view to ensuring that the relevant Mortgaged Property continues to be insured in accordance with the applicable Mortgage Terms or the Alternative Insurance Requirements.
BUILDINGS POLICIES. 16.1 The Servicer shall not knowingly take any action or omit to take any action which would result in the avoidance or termination of any applicable Buildings Policy or would reduce the amount payable on any claim thereunder.
16.2 Upon receipt of notice that any Borrower whose Loan is secured by a mortgage of a leasehold Property has failed to make a payment when due of any sums due under the relevant lease in respect of the insurance of the property the Servicer may debit that Borrower's account with the relevant amount which shall then be paid to the landlord.
16.3 If the Servicer becomes aware that a Borrower has failed to pay premiums due under any Buildings Policy, the Servicer shall take such action as would a reasonable, prudent mortgage lender with a view to ensuring that the relevant Property continues to be insured in accordance with the applicable Mortgage Terms or the Alternative Insurance Recommendations.
BUILDINGS POLICIES. 18 17. Title Deeds and Customer Files......................................19 18.
BUILDINGS POLICIES. (a) Upon receipt of notice that any Borrower whose Mortgage Loan is secured by a mortgage of a leasehold (or, in Scotland, a standard security of a long leasehold) Mortgaged Property has failed to make a payment when due of any sums due under the relevant lease in respect of the insurance of the property, the Servicer may debit such Borrower's account with the relevant amount which shall then be paid to the relevant landlord.
(b) If the Servicer becomes aware that a Borrower has failed to pay premiums due under any Buildings Policy, the Servicer shall take such action as would a reasonable and prudent mortgage lender with a view to ensuring that the relevant Mortgaged Property continues to be insured in accordance with the applicable Mortgage Terms or the Alternative Insurance Requirements.
BUILDINGS POLICIES. Upon receipt of notice that any Borrower whose Mortgage Loan is secured by a Mortgage of a leasehold Mortgaged Property has failed to make a payment when due of any sums due under the relevant lease in respect of the insurance of the Mortgaged Property, the Administrator may debit such Xxxxxxxx’s account with the relevant amount which shall then be paid to the relevant landlord.
BUILDINGS POLICIES. 16.1 The Servicer shall not knowingly take any action or omit to take any action which would result in the avoidance or termination of any applicable Buildings Policy or would reduce the amount payable on any claim thereunder.
