Notice to Insurance Companies Sample Clauses

Notice to Insurance Companies. The Seller shall transmit to the applicable insurance companies (including primary mortgage insurance policy insurers, if applicable) and/or agents, notification of the transfer of the servicing to the Purchaser, or its designee, and instructions to deliver all notices, tax bills and insurance statements, as the case may be, to the Purchaser from and after the Transfer Date. The Seller shall provide the Purchaser with copies of all such notices no later than the Transfer Date.
AutoNDA by SimpleDocs
Notice to Insurance Companies. Landlord and Tenant will notify the issuing insurance companies of the release set forth in the preceding paragraph and will have the insurance policies endorsed, if necessary, to prevent invalidation of the insurance coverage.
Notice to Insurance Companies. AVIF will promptly make known in writing to the Insurance Companies the Board’s determination of the existence of a material irreconcilable conflict, a description of the facts that give rise to such conflict and the implications of such conflict.
Notice to Insurance Companies. City and Chamber shall notify the issuing insurance or liability carrier companies of the release set forth in the first paragraph of this Article, and shall have the insurance policies endorsed, if necessary, to prevent invalidation of coverage.
Notice to Insurance Companies. Sellers shall transmit to the applicable insurance companies and/or their agents, notification of the transfer of the Servicing Rights and Obligations to Purchaser, or its designee, and instructions to deliver all insurance statements to Purchaser, or its designee, from and after the Servicing Transfer Date. Sellers shall provide Purchaser with copies of all such notifications no later than fifteen (15) calendar days prior to the Servicing Transfer Date;
Notice to Insurance Companies. Seller shall inform, in writing, all hazard, flood, earthquake, private mortgage and any other insurance companies and/or their agents providing insurance with respect to any REO Property or any Loan (other than one that is identified on the Asset Schedule as either a “45-HELOC or a “51-Consumer”) of the transfer of such Loan or REO Property and, where appropriate, request a change in the loss payee mortgage endorsement clause to Purchaser’s or to Purchaser’s Designee’s name. With respect to each Loan and REO Property, Seller shall provide a copy of such writing to Purchaser or to Purchaser’s Designee, as applicable, as soon as possible after the date on which the servicing of such Loan or REO Property has been transferred. With respect to each Loan that is covered by a force placed insurance policy, Seller shall provide to Purchaser at least seven (7) Business Days prior to the Closing a list of all such Loans and information required to replace such insurance, and Seller shall cause such insurance to be canceled as of the date on which the servicing of such Loan is transferred to Purchaser or to Purchaser’s Designee if Seller has complied with the foregoing notice requirements to Purchaser.
Notice to Insurance Companies. Seller shall inform all hazard, flood, earthquake, private mortgage and any other insurance companies and/or their agents providing insurance with respect to any Asset of the transfer and request a change in the loss payee mortgage endorsement clause to Purchaser’s or its designee’s name and provide a copy thereof to Purchaser as soon as possible after the Servicing Transfer Date. With respect to each Loan which is covered by a force placed insurance policy, Seller shall cause such policy to be canceled as of the Servicing Transfer Date and Seller shall receive any refund of the policy premium to the extent such policy was in effect prior to the Servicing Transfer Date.
AutoNDA by SimpleDocs
Notice to Insurance Companies. Immediately upon execution of ----------------------------- this Agreement, the Company will notify the issuing insurance company or companies of the Insurance Policies (i) to provide the earliest possible prior written notice to Ferry and the Trustee of the nonpayment of any premiums when due and/or the lapse (for nonpayment of premiums or otherwise) with respect to any Insurance Policy issued by it and (ii) to pay the death proceeds under any Insurance Policy issued by it only upon receipt of joint authorization by the Company and Ferry's executor or legal representative (or, if no executor or legal representative is appointed, the Trustee). The purpose of this notice is to ensure that (i) the Company maintains the Insurance Policies in full force and effect and (ii) the death proceeds of the Insurance Policies will be used in accordance with the provisions of this Agreement. A form of this notice is attached as Exhibit A.
Notice to Insurance Companies. The Interim Servicer shall transmit to the applicable insurance companies (including primary mortgage insurance policy insurers, if applicable) and/or agents, notification of the transfer of the servicing to the Purchaser, or its designee, and instructions to deliver all notices, tax bills and insurance statements, as the case may be, to the Purchaser from and after the Transfer Date. The Interim Servicer shall provide the Purchaser with copies of all such notices no later than the Transfer Date.
Notice to Insurance Companies. Seller shall inform all hazard, flood, earthquake, private mortgage and any other insurance companies and/or their agents providing insurance with respect to any Asset of the transfer and request a change in the loss payee mortgage endorsement clause to Purchaser’s or its designee’s name and provide a copy thereof to Purchaser as soon as possible after the Servicing Transfer Date. With respect to each Loan which is covered by a force placed insurance policy, Seller shall cause such policy to be canceled as of the Servicing Transfer Date.
Time is Money Join Law Insider Premium to draft better contracts faster.