Common use of Insurance and Taxes Clause in Contracts

Insurance and Taxes. The Bank may at its own discretion and upon Borrower’s request, also finance the Borrower for the insurance premium of insurance policy taken by Borrower as per Borrower’s own wish from any insurance company of Borrower’s choice, which sum(s) shall be added to the principal amount under the Loan and all the terms and conditions shall be additionally applicable thereto All expenses, charges, fees, taxes xxx.xx applicable on any such insurance shall be incurred and paid by the Borrower, however in case paid by the Bank on Borrower’s behalf, the Borrower shall reimburse the same to the Bank within 24 hours of the Bank’s demand. The Borrower shall instruct the insurance company to add the Bank as loss payee in any such insurance policy.

Insurance and Taxes. The Bank may at its own discretion and upon BorrowerXxxxxxxx’s request, also finance the Borrower for the insurance premium of insurance policy taken by Borrower as per Borrower’s own wish from any insurance company of Borrower’s choice, which sum(s) shall be added to the principal amount under the Loan and all the terms and conditions shall be additionally applicable thereto All expenses, charges, fees, taxes xxx.xx applicable on any such insurance shall be incurred and paid by the Borrower, however in case paid by the Bank on BorrowerXxxxxxxx’s behalf, the Borrower shall reimburse the same to the Bank within 24 hours of the Bank’s demand. The Borrower shall instruct the insurance company to add the Bank as loss payee in any such insurance policy.

Insurance and Taxes. The Bank may at its own discretion and upon BorrowerXxxxxxxx’s request, also finance the Borrower for the insurance premium of insurance policy taken by Borrower as per BorrowerXxxxxxxx’s own wish from any insurance company of Borrower’s choice, which sum(s) shall be added to the principal amount under the Loan and all the terms and conditions shall be additionally applicable thereto All expenses, charges, fees, taxes xxx.xx applicable on any such insurance shall be incurred and paid by the Borrower, however in case paid by the Bank on BorrowerXxxxxxxx’s behalf, the Borrower shall reimburse the same to the Bank within 24 hours of the Bank’s demand. The Borrower shall instruct the insurance company to add the Bank as loss payee in any such insurance policy.