Common use of General Conditions and Provisions Clause in Contracts

General Conditions and Provisions. 7.1 Misrepresentation or non-disclosure of any material information on any documentation associated to this Policy shall render the Policy voidable. 7.2 Where Your Business has concurrent cover for an Event as defined in this Policy, We will only be liable for the rateable portion of the amount payable in respect of a claim event. 7.3 Unless otherwise agreed to in writing, only one juristic person per Policy will be covered and all business related Accounts must be held in the name of Your Business. 7.4 Multiple Funds Transfers shall be deemed to be one Event if they are as a result of a common cause of loss and the Cover Limit will not apply to each individual Funds Transfer. 7.5 All claims will be paid in South African Rands only into the nominated bank account of an Account held in the name of Your Business. 7.6 Any costs to report or investigate any Event will be for Your Business’s Account. 7.7 Nothing in this Policy shall give any rights to any persons or parties and any indemnity provided shall not give any rights of claim to any persons or parties. 7.8 This Policy is subject to the laws of the Republic of South Africa whose courts shall have exclusive jurisdiction. If the Cover Limit is increased at any time, the new Cover Limit will only be applied to Funds Transfers that are effected after the date of the increase request. 7.9 This Policy is not transferable to another person or party. 7.10 Your Business shall take all reasonable steps and precautions to prevent accidents or losses including, but not limited to compliance with adherence to laws and regulations, any risk improvements actions (where applicable) which are relevant to the risk.

General Conditions and Provisions. 7.1 6.1 Misrepresentation or non-disclosure of any material information on any documentation associated to this Policy shall render the Policy voidable. 7.2 6.2 Where Your Business has You have concurrent cover for an Event as defined in this Policy, We will only be liable for the rateable portion of the amount payable in respect of a claim event. 7.3 6.3 Unless otherwise agreed to in writing, only one juristic person per Policy will be covered and all business related Accounts must be held in Your name. In the event that an additional person is added to the cover, as agreed to in writing by Us, the name of Your Businessthe person must be stated on the Policy Schedule under the relevant section of cover. 7.4 6.4 Multiple Funds Transfers shall be deemed to be one Event if they are as a result of a common cause of loss and the Cover Limit will not apply to each individual Funds Transfer. 7.5 6.5 All claims will be paid in South African Rands only into the nominated bank account of an Account held in the name of Your Businessname. 7.6 6.6 Any costs to report or investigate any Event will be for Your Business’s Accountaccount. 7.7 6.7 Nothing in this Policy shall give any rights to any persons or parties and any indemnity provided shall not give any rights of claim to any persons or parties. 7.8 6.8 This Policy is subject to the laws of the Republic of South Africa whose courts shall have exclusive jurisdiction. . 6.9 If the Cover Limit is increased at any time, the new Cover Limit will only be applied to Funds Transfers that are effected after the date of the increase request. 7.9 6.10 This Policy is not transferable to another person or party. 7.10 Your Business 6.11 You shall take all reasonable steps and precautions to prevent accidents or losses including, but not limited to compliance with adherence to laws and regulations, any risk improvements actions (where applicable) which are relevant to the risk.

General Conditions and Provisions. 7.1 9.1 Misrepresentation or non-disclosure of any material information on any documentation associated to this Policy shall render the Policy voidable. 7.2 9.2 Where Your Business has concurrent cover for an Event event as defined in this Policy, We will only be liable for the rateable portion of the amount payable in respect of a claim event. 7.3 9.3 Unless otherwise agreed to in writing, only one juristic person per Policy will be covered and all business related Accounts must be held in the name of Your Business. 7.4 9.4 Multiple Funds Transfers shall be deemed to be one Event event if they are as a result of a common cause of loss and the Cover Limit will not apply to each individual Funds TransferTransfer separately. 7.5 9.5 All claims will be paid in South African Rands only into the nominated bank account of an Account held in the name of Your Business. 7.6 Any costs to report or investigate any Event will be for Your Business’s Account. 7.7 9.6 Nothing in this Policy shall give any rights to any persons or parties and any indemnity provided shall not give any rights of claim to any persons or parties. 7.8 9.7 This Policy is subject to the laws of the Republic of South Africa whose courts shall have exclusive jurisdiction. . 9.8 If the Cover Limit is increased at any time, the new Cover Limit will only be applied to Funds Transfers that are effected after the date of the increase request. 7.9 9.9 This Policy is not transferable to another person or party. 7.10 9.10 Your Business shall take all reasonable steps and precautions to prevent accidents or losses including, but not limited to compliance with adherence to laws and regulations, any risk improvements actions (where applicable) which are relevant to the risk.

General Conditions and Provisions. 7.1 6.1 Misrepresentation or non-disclosure of any material information on any documentation associated to this Policy shall render the Policy voidable. 7.2 6.2 Where Your Business has concurrent cover for an Event as defined in this Policy, We will only be liable for the rateable portion of the amount payable in respect of a claim event. 7.3 6.3 Unless otherwise agreed to in writing, only one juristic person per Policy will be covered and all business related Accounts must be held in the name of Your Business. 7.4 6.4 Multiple Funds Transfers shall be deemed to be one Event if they are as a result of a common cause of loss and the Cover Limit will not apply to each individual Funds Transfer. 7.5 6.5 All claims will be paid in South African Rands only into the nominated bank account of an Account held in the name of Your Business. 7.6 6.6 Any costs to report or investigate any Event will be for Your Business’s Account. 7.7 6.7 Nothing in this Policy shall give any rights to any persons or parties and any indemnity provided shall not give any rights of claim to any persons or parties. 7.8 6.8 This Policy is subject to the laws of the Republic of South Africa whose courts shall have exclusive jurisdiction. If the Cover Limit is increased at any time, the new Cover Limit will only be applied to Funds Transfers that are effected after the date of the increase request. 7.9 6.9 This Policy is not transferable to another person or party. 7.10 Your Business shall take all reasonable steps and precautions to prevent accidents or losses including, but not limited to compliance with adherence to laws and regulations, any risk improvements actions (where applicable) which are relevant to the risk.