Issuance of Policy Sample Clauses

Issuance of Policy. The Company will issue the policy of insurance to the insured within thirty days of the issuance of the binder or Certificate of Insurance.
Sample 1
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Issuance of Policy. At Closing, or as soon thereafter as is practical, Seller will cause to be issued to Purchaser by the Title Company an owner’s title insurance policy in accordance with the fully marked and initialed Commitment referred to above and reflecting all required curative action. All title insurance premiums, charges and costs will be paid by Seller.
Sample 1
Issuance of Policy. The Policy has been issued and is in full force and effect.
Sample 1
Issuance of Policy. At the Closing the Title Company shall have irrevocably committed to issue the Policy subject to the Permitted Encumbrances. In the event Buyer shall terminate this Agreement as a result of the non-satisfaction of any of the foregoing conditions, Buyer shall be entitled to an immediate release of the Deposit and all accrued interest thereon from Escrow Agent to Buyer.
Sample 1
Issuance of Policy. At Closing, the Title Company shall be prepared to issue an extended coverage 2006 ALTA owner’s title insurance policy (“Title Policy”) for the Property in the amount of the Purchase Price insuring Buyer and subject only to the following (collectively, the “Permitted Exceptions”): (a) a lien for real property taxes and assessments, not then delinquent; (b) title exceptions approved or deemed approved by Buyer under Section 6.1; (c) matters affecting the condition of title to the Property resulting from the actions or activities of Buyer or created by or with the written consent of Buyer; (d) the Development Agreement and the Monitoring and Compliance Easement; (e) the Restrictive Covenant, Agreed Order and Consent Decree; (f) matters shown in the Survey and any updates thereto; and (g) extended coverage owner’s standard general exceptions in the Title Policy.
Sample 1

Related to Issuance of Policy

  • Surrender of Policy The Trust Collateral Agent shall surrender the Policy to the Note Insurer for cancellation upon its expiration in accordance with the terms thereof.

  • Form of Policies The minimum limits of policies of insurance required of Tenant under this Lease shall in no event limit the liability of Tenant under this Lease. Such insurance shall: (i) name Landlord, and any other party it so specifies in writing to Tenant, as an additional insured with respect to the commercial general liability insurance; (ii) specifically cover the liability assumed by Tenant under this Lease, including, but not limited to, Tenant’s obligations under Section 10.1 above; (iii) be issued by an insurance company having a rating of not less than A–/VII in Best’s Insurance Guide or which is otherwise acceptable to Landlord and authorized to do business in the state in which the Project is located; (iv) be primary insurance as to all claims thereunder and provide that any insurance carried by Landlord is excess and is non-contributing with any insurance requirement of Tenant; (v) provide that said insurance shall not be canceled or coverage changed unless thirty (30) days’ prior written notice shall have been given to Landlord and any mortgagee or ground or underlying lessor of Landlord (provided Tenant will not be in default if the insurance company refuses to provide such assurance); (vi) contain a cross-liability endorsement or severability of interest clause acceptable to Landlord; and (vii) with respect to the insurance required in Sections 10.3.1, 10.3.2 and 10.3.4 above, have deductible amounts not exceeding One Hundred Thousand Dollars ($100,000.00). Tenant shall deliver certificates thereof to Landlord on or before the Lease Commencement Date and at least thirty (30) days before the expiration dates thereof. If Tenant shall fail to procure such insurance, or to deliver such certificates and endorsements, within such time periods, Landlord may, at its option, in addition to all of its other rights and remedies under this Lease, and without regard to any notice and cure periods set forth in Section 19.1, procure such policies for the account of Tenant, and the cost thereof shall be paid to Landlord as Additional Rent within thirty (30) days after delivery of bills therefor.

  • Copies of policies; letters of undertaking Each Borrower shall ensure that all approved brokers provide the Security Trustee with pro forma copies of all policies relating to the obligatory insurances which they are to effect or renew and of a letter or letters of undertaking in a form required by the Security Trustee and including undertakings by the approved brokers that:

  • Xxxxxxx Xxxxxxx Policy The terms of the Partnership’s xxxxxxx xxxxxxx policy with respect to Units are incorporated herein by reference.

  • Ownership of Policy The Company shall be the sole and absolute owner of the Policy, and may exercise all ownership rights granted to the owner thereof by the terms of the Policy, except as may otherwise be provided herein.

  • Compliance with Xxxxxxxx-Xxxxx Act The Company will comply with all applicable securities and other laws, rules and regulations, including, without limitation, the Xxxxxxxx-Xxxxx Act, and use its best efforts to cause the Company’s directors and officers, in their capacities as such, to comply with such laws, rules and regulations, including, without limitation, the provisions of the Xxxxxxxx-Xxxxx Act.

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