LOAN PROTECTION Sample Clauses

The Loan Protection clause is designed to safeguard the lender’s interests in the event of borrower default or other specified risks associated with a loan. Typically, this clause outlines measures such as requiring insurance on collateral, mandating certain financial covenants, or stipulating guarantees from third parties to minimize the lender’s exposure. Its core practical function is to reduce the lender’s risk of financial loss, ensuring that there are mechanisms in place to recover the loaned amount or mitigate damages if the borrower fails to meet their obligations.
LOAN PROTECTION. Loan Protection coverage is not required for any extension of credit under this Agreement. However, you may purchase any loan protection available through us and have the monthly fee added to your outstanding balance as purchases. If you elect to do so, we will give you the necessary disclosures and documents separately.
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LOAN PROTECTION. Loan Protection coverage is not required for any extension of credit under this Agreement.
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LOAN PROTECTION. We will cover We will not cover (a) Local Helper. (b) Events not covered under Section 5 of this Policy.
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LOAN PROTECTION. Loan Protection coverage is not required for any extension of credit under this Agreement. However, you may purchase any loan protec- tion available through us and have the monthly fee added to your outstanding balance as purchases. If you elect to do so, we will give you the necessary disclosures and documents separately.
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LOAN PROTECTION. Loan Protection is not required to obtain credit. If loan protection is offered on your Account and you request loan protection, the fee will be calculated monthly by multiplying the fee rate by the outstanding balance of each Account. The fee rates per
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LOAN PROTECTION. If you have applied for Loan Protection insurance, then you will have received a certificate of insurance setting out various terms and conditions applicable to Loan Protection for your loan. You agree that the premiums payable for Loan Protection may be debited from the Account or such other account as the Lender may agree to from time to time.
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LOAN PROTECTION. Loan Protection is not required to obtain credit. If loan protection is offered on your account and you request loan protection, the fee will be calculated monthly by multiplying the fee rate by the outstanding balance of each account. The fee rates per $1,000.00 of the monthly outstanding balance are disclosed to you in the VISA Credit Card application. Fees will be posted at or after the end of each month. The fees for your loan protection will be added to your outstanding balance each month, upon which they will accrue interest. Although such protection is freely cancelable, it will be retained in effect until you have notified the Credit Union in writing of your intention to cancel. If you are late in paying or fail to pay your periodic payment, the Credit Union may advance funds on your behalf to pay such fees and the Credit Union may impose additional finance charges on the amount financed.
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Related to LOAN PROTECTION

  • Job Protection 15.9.1 Subject to 15.10 below, an employee returning from parental leave is entitled to resume work in the same position or a similar position to the one they occupied at the time of commencing parental leave. A similar position means a position: (a) At the equivalent salary, grading; (b) At the equivalent weekly hours of duty; (c) In the same location or other location within reasonable commuting distance; and (d) Involving responsibilities broadly comparable to those experienced in the previous position. 15.9.2 Where applicable, employees shall continue to be awarded increments when their incremental date falls during absence on parental leave.

  • System Protection To prevent compromise of systems which contain DSHS Data or through which that Data passes: a. Systems containing DSHS Data must have all security patches or hotfixes applied within 3 months of being made available. b. The Contractor will have a method of ensuring that the requisite patches and hotfixes have been applied within the required timeframes. c. Systems containing DSHS Data shall have an Anti-Malware application, if available, installed. d. Anti-Malware software shall be kept up to date. The product, its anti-virus engine, and any malware database the system uses, will be no more than one update behind current.

  • Fire Protection Contractor shall take adequate and reasonable precautions to protect the Work against damage by fire and smoke. For example, without limitation, Contractor shall do the following:

  • TEACHER PROTECTION A. If a teacher, in connection with his employment, is subjected to assault or battery, he shall immediately report the incident and the circumstances to his Principal. The Principal shall forward the report to the Executive Director of Elementary/Middle or Secondary Schools, as appropriate, with a copy to the Union. B. A student involved in an assault on a teacher may be removed from the school by the Principal or other appropriate administrator in accordance with Board rules and State law. C. The alleged assault will be promptly investigated. The report of this investigation shall be forwarded to the Board and to the Union . The teacher has the right to have a conference with the appropriate Executive Director prior to a decision relating to the student’s placement in the school. If there is an objection to the placement decision, the teacher has the right to request a fair hearing. D. If the assault is by a pupil or a non-pupil and the teacher wishes to file criminal charges, the Principal or their appropriate staff will promptly report the incident to the proper law enforcement authorities. E. In either case (pupil or non-pupil), the Board agrees to cooperate with the teacher by complying with any lawful request by the teacher for information in the Board’s possession relating to the incident or the person involved. F. In cases involving an assault upon a teacher, the security officer shall, upon request of the teacher involved, provide the necessary advice and assistance including assistance in securing proper warrants, investigation of assaults, filing of juvenile petitions, calling for Police Department assistance, accompanying the teacher to court and sharing information relevant to the assault incident. G. If a teacher files criminal charges against a student, the student shall not return to the teacher’s class until after final determination of criminal charges. In any event, the Board shall attempt to place the student in another school pending final determination. In all cases the actions described herein are subject to the order and direction of appropriate judicial authority. H. A joint committee of three (3) Union representatives and three (3) Board representatives shall be established to study and propose responses to the issues of teachers’ personal property destroyed, stolen or damaged by students or others on school property, as a result of accident, vandalism or theft. The committee shall issue findings and recommendations to be presented to the CEO for his/her consideration.