Foundation Endorsements Clause Samples
The Foundation Endorsements clause establishes the conditions under which a foundation formally supports or approves certain actions, statements, or materials. Typically, this clause outlines the process for obtaining an official endorsement, such as requiring written approval from authorized representatives of the foundation before any public use of its name or logo. Its core practical function is to protect the foundation’s reputation and ensure that endorsements are granted only in appropriate circumstances, thereby preventing unauthorized or misleading associations.
Foundation Endorsements. Upon completion of the construction of the foundation for each Home, and as a condition precedent to any further Loan disbursements under this Agreement, Borrower shall (if required by Lender), at Borrower’s own cost and expense, deliver or cause to be delivered to Lender a foundation endorsement with respect to each such foundation, to be attached to the Title Insurance Policy referred to above, which endorsement shall insure that such foundation is within the boundary lines of each Lot comprising part of the Property, does not violate any applicable CC&Rs or agreements affecting the Property which are referred to in the basic Title Insurance Policy, and does not encroach upon any easements, rights or rights of way affecting or covering the Property or any portion thereof.