{"component": "clause", "props": {"groups": [{"samples": [{"hash": "GSplf1vfAj", "uri": "/contracts/GSplf1vfAj#loss-payee", "label": "Standard Form of Agreement Between Owner and Contractor for a Residential or Small Commercial Project", "score": 27.3243350983, "published": true}, {"hash": "665o9YvC7Av", "uri": "/contracts/665o9YvC7Av#loss-payee", "label": "Standard Form of Agreement Between Owner and Contractor for a Residential or Small Commercial Project", "score": 27.3051738739, "published": true}, {"hash": "2dyZIUWvgn9", "uri": "/contracts/2dyZIUWvgn9#loss-payee", "label": "Standard Form of Agreement Between Owner and Contractor for a Residential or Small Commercial Project", "score": 27.2860107422, "published": true}], "snippet_links": [{"key": "board-of-regents", "type": "clause", "offset": [4, 20]}, {"key": "nevada-system-of-higher-education", "type": "definition", "offset": [28, 61]}, {"key": "on-behalf-of", "type": "definition", "offset": [62, 74]}, {"key": "university-of-nevada", "type": "definition", "offset": [79, 99]}, {"key": "las-vegas", "type": "definition", "offset": [101, 110]}, {"key": "the-contractor", "type": "definition", "offset": [188, 202]}, {"key": "obligation-to-insure", "type": "clause", "offset": [210, 230]}], "size": 14, "snippet": "The Board of Regents of the Nevada System of Higher Education on behalf of the University of Nevada, Las Vegas shall be named as loss payee as respects their interest in any property that the contractor has an obligation to insure on behalf of the Board of Regents of the Nevada System of Higher Education on behalf of the University of Nevada, Las Vegas.", "hash": "2d3f7fa491b25ddb7705392892c5dd41", "id": 1}, {"samples": [{"hash": "7tIbHI99gY9", "uri": "/contracts/7tIbHI99gY9#loss-payee", "label": "Construction Agreement", "score": 36.2478637695, "published": true}, {"hash": "idcYlU9KsY9", "uri": "/contracts/idcYlU9KsY9#loss-payee", "label": "Owner Contractor Construction Agreement", "score": 33.0882148743, "published": true}, {"hash": "7KuZipKRXMO", "uri": "/contracts/7KuZipKRXMO#loss-payee", "label": "Construction Contract", "score": 27.5297737122, "published": true}], "snippet_links": [{"key": "board-of-regents", "type": "clause", "offset": [4, 20]}, {"key": "nevada-system-of-higher-education", "type": "definition", "offset": [28, 61]}, {"key": "on-behalf-of", "type": "definition", "offset": [62, 74]}, {"key": "the-contractor", "type": "definition", "offset": [158, 172]}, {"key": "obligation-to-insure", "type": "clause", "offset": [180, 200]}], "size": 10, "snippet": "The Board of Regents of the Nevada System of Higher Education on behalf of Owner shall be named as loss payee as respects their interest in any property that the Contractor has an obligation to insure on behalf of Owner.", "hash": "c0f02caad1bd105d69281431d803336e", "id": 4}, {"samples": [{"hash": "1UV0dkw7Dwt", "uri": "/contracts/1UV0dkw7Dwt#loss-payee", "label": "General Conditions Agreement", "score": 26.5917358398, "published": true}, {"hash": "cg7yNuynjsI", "uri": "/contracts/cg7yNuynjsI#loss-payee", "label": "Contractor General Conditions", "score": 21.7967147827, "published": true}], "snippet_links": [{"key": "the-contractor-shall", "type": "clause", "offset": [0, 20]}, {"key": "agree-to", "type": "clause", "offset": [21, 29]}, {"key": "property-owner", "type": "clause", "offset": [42, 56]}, {"key": "the-builder", "type": "clause", "offset": [86, 97]}, {"key": "inland-marine", "type": "definition", "offset": [109, 122]}, {"key": "transit-insurance", "type": "clause", "offset": [123, 140]}, {"key": "when-required", "type": "definition", "offset": [142, 155]}, {"key": "by-the-contractor", "type": "clause", "offset": [173, 190]}, {"key": "loss-payee-endorsement", "type": "clause", "offset": [196, 218]}, {"key": "board-of-county-commissioners", "type": "definition", "offset": [249, 278]}, {"key": "in-accordance-with", "type": "definition", "offset": [302, 320]}, {"key": "terms-and-conditions", "type": "definition", "offset": [340, 360]}, {"key": "coverage-on", "type": "clause", "offset": [442, 453]}, {"key": "primary-basis", "type": "definition", "offset": [456, 469]}], "size": 2, "snippet": "The Contractor shall agree to endorse the Property Owner and County as Loss Payees on the Builder's Risk and Inland Marine/Transit Insurance, when required to be maintained by the Contractor. The Loss Payee endorsement shall read \"Palm Beach County Board of County Commissioners.\" Endorsement shall be in accordance with all of the limits, terms and conditions set forth herein. The Contractor shall agree the Loss Payee endorsement provides coverage on a primary basis.", "hash": "e9a4ce73c3f41bbe67cba81149711cac", "id": 7}, {"samples": [{"hash": "46yYt858uuj", "uri": "/contracts/46yYt858uuj#loss-payee", "label": "Rental Car Concession Agreement", "score": 27.5258846283, "published": true}, {"hash": "4yDALnNGIT0", "uri": "/contracts/4yDALnNGIT0#loss-payee", "label": "Rental Car Concession Agreement", "score": 24.315536499, "published": true}, {"hash": "aSBwmWTCro5", "uri": "/contracts/aSBwmWTCro5#loss-payee", "label": "Concession Contract", "score": 23.0602321625, "published": true}], "snippet_links": [{"key": "metropolitan-washington-airports-authority", "type": "clause", "offset": [4, 46]}], "size": 3, "snippet": "The Metropolitan Washington Airports Authority shall be listed as the Loss Payee.", "hash": "7e5c64d0c67191aef0004884202dbcf9", "id": 5}, {"samples": [{"hash": "8Q1uFkPnXyt", "uri": "/contracts/8Q1uFkPnXyt#loss-payee", "label": "Consolidated Agreement (Matson, Inc.)", "score": 31.327173233, "published": true}, {"hash": "jqlDnj0VfnR", "uri": "/contracts/jqlDnj0VfnR#loss-payee", "label": "First Preferred Fleet/Ship Mortgage", "score": 25.70362854, "published": true}], "snippet_links": [{"key": "policies-of-insurance", "type": "clause", "offset": [4, 25]}, {"key": "in-effect", "type": "definition", "offset": [88, 97]}, {"key": "the-collateral", "type": "clause", "offset": [102, 116]}, {"key": "payment-of", "type": "definition", "offset": [147, 157]}, {"key": "payable-to", "type": "definition", "offset": [183, 193]}, {"key": "the-mortgagee", "type": "clause", "offset": [194, 207]}, {"key": "for-distribution", "type": "clause", "offset": [208, 224]}, {"key": "the-mortgagor", "type": "clause", "offset": [244, 257]}, {"key": "required-by", "type": "definition", "offset": [348, 359]}, {"key": "amount-of-losses", "type": "clause", "offset": [440, 456]}, {"key": "to-mortgagor", "type": "clause", "offset": [466, 478]}, {"key": "all-insurance", "type": "clause", "offset": [482, 495]}, {"key": "with-respect-to", "type": "clause", "offset": [509, 524]}, {"key": "one-accident", "type": "definition", "offset": [529, 541]}, {"key": "occurrence-or-event", "type": "clause", "offset": [543, 562]}, {"key": "rights-and-duties", "type": "clause", "offset": [693, 710]}, {"key": "the-note-purchase-agreement", "type": "clause", "offset": [717, 744]}, {"key": "default-under", "type": "clause", "offset": [783, 796]}, {"key": "chapter-537", "type": "definition", "offset": [797, 808]}, {"key": "event-payment", "type": "definition", "offset": [819, 832]}, {"key": "in-the-event", "type": "clause", "offset": [900, 912]}, {"key": "an-accident", "type": "clause", "offset": [978, 989]}, {"key": "constructive-total-loss", "type": "definition", "offset": [1041, 1064]}, {"key": "loss-of", "type": "definition", "offset": [1099, 1106]}, {"key": "no-existing-default", "type": "clause", "offset": [1155, 1174]}, {"key": "the-events", "type": "clause", "offset": [1190, 1200]}, {"key": "section-303", "type": "definition", "offset": [1214, 1226]}, {"key": "in-accordance-with", "type": "definition", "offset": [1258, 1276]}, {"key": "salvage-claims", "type": "clause", "offset": [1376, 1390]}, {"key": "other-charges-and-expenses", "type": "clause", "offset": [1394, 1420]}, {"key": "labor-charges", "type": "clause", "offset": [1440, 1453]}, {"key": "covered-by", "type": "definition", "offset": [1484, 1494]}, {"key": "an-officer", "type": "clause", "offset": [1546, 1556]}, {"key": "written-confirmation", "type": "definition", "offset": [1614, 1634]}, {"key": "the-cost", "type": "clause", "offset": [1721, 1729]}, {"key": "except-to-the-extent", "type": "clause", "offset": [1998, 2018]}, {"key": "expenses-covered", "type": "clause", "offset": [2161, 2177]}, {"key": "by-the-underwriters", "type": "clause", "offset": [2359, 2378]}, {"key": "pay-to", "type": "definition", "offset": [2552, 2558]}, {"key": "insurance-proceeds", "type": "definition", "offset": [2577, 2595]}, {"key": "due-and-owing", "type": "definition", "offset": [2596, 2609]}, {"key": "defaulted-debt", "type": "definition", "offset": [2674, 2688]}, {"key": "sole-discretion", "type": "definition", "offset": [2713, 2728]}, {"key": "the-vessel", "type": "definition", "offset": [2744, 2754]}, {"key": "the-guarantee", "type": "clause", "offset": [2766, 2779]}, {"key": "pursuant-to-section", "type": "definition", "offset": [2802, 2821]}, {"key": "annex-c", "type": "clause", "offset": [2833, 2840]}, {"key": "agreement-or", "type": "definition", "offset": [2848, 2860]}, {"key": "the-insurance", "type": "clause", "offset": [3112, 3125]}], "size": 3, "snippet": "All policies of insurance under this Section shall provide, so long as this Mortgage is in effect and the Collateral has not been discharged, that payment of all losses shall be made payable to the Mortgagee for distribution by him to himself, the Mortgagor, except that (1) as provided in Subsection (d) of this Section and (2) under the policies required by Subsection (a) of this Section, payment of all losses up to the Maximum Payment Amount of Losses Directly to Mortgagor by all insurance underwriters with respect to any one accident, occurrence or event may be made directly to the Mortgagor unless there is an existing Default, or if the Mortgagee shall have assumed the Mortgagor\u2019s rights and duties under the Note Purchase Agreement and the Note and made any payments in default under Chapter 537, in which event payment of all losses shall be made payable to the Mortgagee as aforesaid. In the event that insurance becomes payable under said policies on account of an accident, occurrence or event not resulting in an actual or constructive total loss or an agreed or compromised total loss of any Vessel, the Mortgagee (1) shall if there is no existing Default and if none of the events described in Section 3.03 of this Mortgage has occurred, in accordance with a Mortgagor\u2019s Request, pay, or consent that the underwriters pay, direct for repairs, liabilities, salvage claims or other charges and expenses (including use and labor charges due or paid by the Mortgagor) covered by the policies, or (to the extent that, as stated in an Officer's Certificate delivered to the Mortgagee, accompanied by written confirmation by the underwriter or a surveyor or adjuster, the damage shall have been repaired and the cost thereof paid of such liabilities, salvage claims, or other charges and expenses discharged or paid) reimburse, or consent that the underwriters reimburse, the Mortgagor therefor and (after all known damage with respect to the particular loss shall have been repaired, except to the extent the Mortgagor, with the Mortgagee\u2019s consent, deems the said repair inadvisable, and all known costs, liabilities, salvage claims, charges and expenses covered by the policies, with respect to such loss shall have been discharged or paid, as stated in an Officer's Certificate delivered to the Mortgagee, accompanied by written confirmation by the underwriters or a surveyor or adjuster) pay, or consent that the underwriters pay, any balance to the Mortgagor; or (2) if there is an existing default, shall direct the underwriters to pay to the Mortgagee all insurance proceeds due and owing, and the Mortgagee shall apply such proceeds to the Mortgagor\u2019s defaulted debt, or, in the Mortgagee\u2019s sole discretion, to repairs to the Vessel; or (3) if the Guarantee shall have terminated pursuant to Section 2.04(c) of Annex C of the Agreement or if the Mortgagee shall have assumed the Mortgagor's rights and duties under the Note Purchase Agreement and the Note and made any payments in default under Chapter 537 and none of the events described Section 3.03 of this Mortgage has occurred, apply the insurance as provided in Section 5.04 hereof; or (4) if the Guarantee shall have terminated pursuant to Section 2.04(b) of Annex C of the Agreement, pay the insurance to the Mortgagor.", "hash": "61eb14d2094534dd41b7eafa896443c8", "id": 6}, {"samples": [{"hash": "loCTp7heewy", "uri": "/contracts/loCTp7heewy#loss-payee", "label": "Driving Range Lease (Wynn Resorts LTD)", "score": 19.0, "published": true}, {"hash": "jqqEA9bPJfh", "uri": "/contracts/jqqEA9bPJfh#loss-payee", "label": "Parking Facility Lease (Wynn Resorts LTD)", "score": 19.0, "published": true}, {"hash": "geuJ4vKfMQU", "uri": "/contracts/geuJ4vKfMQU#loss-payee", "label": "Golf Course Lease (Wynn Resorts LTD)", "score": 19.0, "published": true}], "snippet_links": [{"key": "leasehold-mortgagee", "type": "clause", "offset": [22, 41]}, {"key": "loss-payable-endorsement", "type": "clause", "offset": [65, 89]}, {"key": "insurance-policies-required", "type": "clause", "offset": [106, 133]}, {"key": "carried-by-tenant", "type": "clause", "offset": [140, 157]}, {"key": "under-this-lease", "type": "clause", "offset": [158, 174]}], "size": 13, "snippet": "The name of each such Leasehold Mortgagee shall be added to the \"Loss Payable Endorsement\" of any and all insurance policies required to be carried by Tenant under this Lease.", "hash": "5c8a97b50399c8f1804611717efa9f67", "id": 2}, {"samples": [{"hash": "ceLAn2CmjBb", "uri": "/contracts/ceLAn2CmjBb#loss-payee", "label": "Construction and Maintenance Contract", "score": 34.4352874756, "published": true}, {"hash": "l4Q0dcxDRPX", "uri": "/contracts/l4Q0dcxDRPX#loss-payee", "label": "Construction and Maintenance Contract", "score": 26.1704311371, "published": true}, {"hash": "6sdZCorOnHm", "uri": "/contracts/6sdZCorOnHm#loss-payee", "label": "Construction and Maintenance Contract", "score": 26.1704311371, "published": true}], "snippet_links": [{"key": "the-contractor-shall", "type": "clause", "offset": [0, 20]}, {"key": "insurance-policies", "type": "definition", "offset": [42, 60]}, {"key": "the-project", "type": "definition", "offset": [74, 85]}, {"key": "terms-of-this-contract", "type": "clause", "offset": [89, 111]}, {"key": "authority-and", "type": "clause", "offset": [149, 162]}, {"key": "any-other-person", "type": "definition", "offset": [181, 197]}, {"key": "by-the-authority", "type": "clause", "offset": [209, 225]}, {"key": "first-loss", "type": "definition", "offset": [243, 253]}, {"key": "insurance-contracts", "type": "definition", "offset": [267, 286]}, {"key": "by-the-contractor", "type": "clause", "offset": [296, 313]}, {"key": "pursuant-to", "type": "definition", "offset": [314, 325]}], "size": 11, "snippet": "The Contractor shall ensure that all such insurance policies obtained for the Project in terms of this Contract shall be endorsed in the name of the Authority and the Authority, or any other person designated by the Authority, is named as the first loss payee in all insurance contracts effected by the Contractor pursuant to this Article14.", "hash": "a7878e2e72b1f1bbe8b025ea8a587eb8", "id": 3}, {"samples": [{"hash": "9qMK07nVjPj", "uri": "/contracts/9qMK07nVjPj#loss-payee", "label": "Project Alliance Agreement", "score": 24.1704311371, "published": true}, {"hash": "kPH5K1ORyFt", "uri": "/contracts/kPH5K1ORyFt#loss-payee", "label": "Project Alliance Agreement", "score": 21.0, "published": true}], "snippet_links": [{"key": "this-policy", "type": "definition", "offset": [24, 35]}, {"key": "the-schedule", "type": "clause", "offset": [95, 107]}], "size": 2, "snippet": "Any claim arising under this Policy shall be settled with and paid to the Loss Payee stated in the Schedule or as they may direct.", "hash": "992cd55dfb626b3538598479a289199e", "id": 8}, {"samples": [{"hash": "kdN0BhwOjPU", "uri": "/contracts/kdN0BhwOjPU#loss-payee", "label": "Engineering, Procurement and Construction Agreement (BioFuel Energy Corp.)", "score": 21.0, "published": true}, {"hash": "6vbczc0cz30", "uri": "/contracts/6vbczc0cz30#loss-payee", "label": "Engineering, Procurement and Construction Agreement (BioFuel Energy Corp.)", "score": 21.0, "published": true}], "snippet_links": [{"key": "any-loss", "type": "definition", "offset": [0, 8]}, {"key": "risk-insurance", "type": "clause", "offset": [42, 56]}, {"key": "payable-to", "type": "definition", "offset": [111, 121]}, {"key": "subject-to", "type": "definition", "offset": [195, 205]}, {"key": "insurance-proceeds", "type": "definition", "offset": [243, 261]}, {"key": "separate-account", "type": "definition", "offset": [315, 331]}, {"key": "in-accordance-with", "type": "definition", "offset": [348, 366]}, {"key": "the-interested-parties", "type": "clause", "offset": [385, 407]}, {"key": "distribution-of", "type": "clause", "offset": [451, 466]}], "size": 2, "snippet": "Any loss covered under Client\u2019s Builder\u2019s Risk insurance shall be adjusted with Client and Contractor and made payable to both of them as trustees for the insureds as their interests may appear, subject to any applicable Financing clause. All insurance proceeds received as a result of any loss will be placed in a separate account and distributed in accordance with such agreement as the interested parties may reach. Any disagreement concerning the distribution of any proceeds will be resolved in accordance with Article 20.", "hash": "ee16c825d496fcdae7104f2dbd31158d", "id": 10}, {"samples": [{"hash": "jg6CmxQ0YEZ", "uri": "/contracts/jg6CmxQ0YEZ#loss-payee", "label": "Illinois Personal Automobile Policy", "score": 25.1115665436, "published": true}, {"hash": "b5ngPYeroyx", "uri": "/contracts/b5ngPYeroyx#loss-payee", "label": "Personal Automobile Policy", "score": 24.5188236237, "published": true}], "snippet_links": [{"key": "declarations-page", "type": "definition", "offset": [64, 81]}, {"key": "loss-to", "type": "clause", "offset": [98, 105]}, {"key": "insured-vehicle", "type": "definition", "offset": [109, 124]}, {"key": "newly-acquired-auto", "type": "definition", "offset": [130, 149]}, {"key": "this-policy", "type": "definition", "offset": [156, 167]}, {"key": "according-to", "type": "definition", "offset": [181, 193]}, {"key": "your-interest", "type": "clause", "offset": [194, 207]}, {"key": "the-applicable", "type": "clause", "offset": [270, 284]}, {"key": "our-option", "type": "clause", "offset": [300, 310]}, {"key": "separate-payments", "type": "clause", "offset": [324, 341]}, {"key": "we-pay", "type": "clause", "offset": [375, 381]}, {"key": "repair-shop", "type": "definition", "offset": [384, 395]}, {"key": "repair-of", "type": "clause", "offset": [409, 418]}, {"key": "with-your-consent", "type": "clause", "offset": [426, 443]}, {"key": "no-duty", "type": "clause", "offset": [453, 460]}, {"key": "with-respect-to", "type": "clause", "offset": [493, 508]}], "size": 2, "snippet": "If a \u201closs payee\u201d or lienholder is designated and shown on your declarations page, then a covered loss to an insured vehicle or a newly acquired auto under this Policy will be paid according to your interest and that of any such loss payee or lienholder, and subject to the applicable deductible. At our option, we may make separate payments according to those interests. If we pay a repair shop directly for repair of a loss with your consent, we have no duty to the loss payee or lienholder with respect to that loss. If the loss payee or lienholder makes a claim under this Policy, the loss payee or lienholder:", "hash": "7c18e3772d82d87580545542b0ac6e0e", "id": 9}], "next_curs": "ClMSTWoVc35sYXdpbnNpZGVyY29udHJhY3Rzci8LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhNsb3NzLXBheWVlIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"parents": [["insurance", "Insurance"], ["certain-benefits-to-leasehold-mortgage", "Certain Benefits to Leasehold Mortgage"], ["leasehold-financing", "Leasehold Financing"], ["term-of-the-contract", "TERM OF THE CONTRACT"], ["affirmative-covenants", "AFFIRMATIVE COVENANTS"]], "children": [["consequences-of-force-majeure", "Consequences of Force Majeure"], ["force-majeure", "Force Majeure"], ["force-majeure-exclusions", "Force Majeure Exclusions"], ["notification-of-force-majeure", "Notification of Force Majeure"], ["", ""]], "size": 98, "title": "Loss Payee", "id": "loss-payee", "related": [["additional-insured", "Additional Insured", "Additional Insured"], ["loss-payment", "Loss Payment", "Loss Payment"], ["additional-insurance", "Additional Insurance", "Additional Insurance"], ["additional-insureds", "Additional Insureds", "Additional Insureds"], ["optional-insurance", "Optional Insurance", "Optional Insurance"]], "related_snippets": [], "updated": "2026-03-29T04:25:46+00:00", "also_ask": ["What key protections should a loss payee insist on in the clause?", "How can the loss payee clause be negotiated to maximize payout certainty?", "What are the most common drafting pitfalls that jeopardize enforceability?", "How does a loss payee clause differ from a standard mortgagee clause?", "What legal standards do courts apply when interpreting ambiguous loss payee provisions?"], "drafting_tip": "Specify the loss payee's identity to prevent disputes, define payment conditions to clarify obligations, and align with insurance terms to ensure enforceability.", "explanation": "A Loss Payee clause designates a third party, typically a lender or financier, as the recipient of insurance proceeds in the event of damage or loss to insured property. In practice, this means that if the insured asset, such as a vehicle or building, is damaged or destroyed, the insurance payout will be made directly to the loss payee rather than the policyholder. This arrangement protects the financial interest of the loss payee by ensuring they are compensated for their stake in the property, thereby reducing their risk of financial loss if the insured party defaults or the asset is lost."}, "json": true, "cursor": ""}}