NOTICES, CHANGES AND RENEWALS Sample Clauses

NOTICES, CHANGES AND RENEWALS. All policies must require the insurance carrier to give the Lender a minimum of ten (10) days’ notice in the event of modification, cancellation or termination for nonpayment of premium and a minimum of thirty (30) days’ notice of nonrenewal. The Borrower shall report to the Lender immediately any material facts known to the Borrower that may adversely affect the appropriateness or enforceability of any insurance contract, including, without limitation, changes in the ownership or occupancy of the Real Property, any hazard to the Real Property and any matters that may give rise to any claim. Prior to expiration of any policy required under this Section, the Borrower shall provide either (a) an original or certified copy of the renewed policy, or (b) a “binder,” an Xxxxx 28 (real property), Xxxxx 27 (personal property) or Xxxxx 25 (liability) certificate, or another document satisfactory to the Lender conferring on the Lender the rights and privileges of mortgagee. If the Borrower meets the foregoing requirement under clause (b), the Borrower shall use its best efforts to supply an original or certified copy of the original policy within ninety (90) days, and shall be obligated to do so within two hundred forty (240) days. All binders, certificates, documents, and original or certified copies of policies must name the Borrower as a named insured or as an additional insured, must include the complete and accurate property address and must bear the original signature of the issuing insurance agent.
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NOTICES, CHANGES AND RENEWALS. All policies must require the insurance carrier to give the Lender a minimum of ten (10) days’ notice in the event of cancellation or termination for nonpayment of premium and a minimum of thirty (30) days’ notice of cancellation or nonrenewal, or as required under state law. The Borrower shall also provide written notice to the Lender of any material modification of any policy that may reduce the coverage available with respect to the Property. Prior to each policy renewal, the Borrower shall report to the Lender all sublimits, margin clauses and other conditions and endorsements that reduce the coverages required in this Section and changes to deductibles for sub-limited coverages, self-insured retentions, fronting arrangements, or other endorsements or conditions that require the Borrower to retain additional risk. The Borrower shall report to the Lender within five (5) Business Days of learning of any such matter, any fact known to the Borrower that may adversely affect the appropriateness or enforceability of any insurance contract, including, without limitation, changes in the ownership or occupancy of the Real Property, any new material hazard to the Real Property that may not be covered under the policies in force, and any loss or damage that may give rise to any claim. Upon renewal of any policy required under this Section, the Borrower shall provide a certificate of insurance in the form of an Axxxx 28 (real property) or Axxxx 25 (liability) certificate showing the renewal of the policy. Thereafter, the Borrower shall supply a copy of the policy as soon as it becomes available. Through naming the Lender or by signed endorsement, each policy shall confer on the Lender the rights and privileges of mortgagee and loss payee (with respect to business interruption coverage), or additional insured, as the case may be. If the policy is a blanket policy and covers locations other than the Real Property, the Borrower may redact it to remove information regarding other locations and any other information that is unnecessary for the analysis of the adequacy of coverage of the Property, such as property names and addresses, provided the policy includes total limits per location and zip codes of all covered properties that are located in High Risk Areas. All policies must (i) name the Borrower as a named insured or as an additional named insured, and (ii) include the complete and accurate property address.
Sample 1
NOTICES, CHANGES AND RENEWALS. All policies must require the insurance carrier to give Lender a minimum of thirty (30) days notice in the event of modification, cancellation or non-renewal. Any vacancy, change of title, tenant occupancy or use, physical damage, additional improvements or other factors affecting any insurance contract must be reported to Lender immediately. Borrower must provide Lender with a paid insurance agent’s receipt for all current coverages unless such bills are paid by Lender from proceeds on deposit in the Escrow Account established pursuant to Section 3.1. An original or certified copy of each policy is required on or prior to the Loan Opening Date and upon renewal. If no such copy is available, Lender will accept a binder for a period not to exceed 90 days. All binders, certificates of insurance, and original or certified copies of policies must name Borrower as a named insured, or as an additional insured, must include the complete and accurate property address and must bear the original signature of the issuing insurance agent.
Sample 1
NOTICES, CHANGES AND RENEWALS. All policies must require the insurance carrier to give Mortgagee a minimum of thirty (30) days notice in the event of cancellation or non-renewal. Mortgagor shall report to Mortgagee immediately any vacancy, change of title, tenant occupancy or use, physical damage, additional improvements or other factors affecting any insurance contract. An original or certified copy of each policy is required upon renewal. If no such copy is available, Mortgagee will accept a binder for a period not to exceed 90 days. All binders, certificates of insurance, and original or certified copies of policies must name Mortgagee as a named insured, or as an additional insured, must include the complete and accurate property address and must bear the original signature of the issuing insurance agent.
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NOTICES, CHANGES AND RENEWALS a) All policies shall state that the insurance carrier shall give Agent a minimum of thirty (30) days’ prior notice in the event of cancellation or termination and a minimum of thirty (30) days’ prior notice of non-renewal or material modification. Borrower shall give Agent at least thirty (30) days’ prior written notice of any non-renewal, cancellation, termination or material modification of any policies after the effective date should any insurance carrier not be required to provide said written notice as noted herein upon renewal of said policies.
Sample 1
NOTICES, CHANGES AND RENEWALS. All policies shall require the insurance carrier to give the Mortgagee a minimum of thirty (30) days' notice in the event of cancellation or non-renewal. Any vacancy, change of title, tenant occupancy or use, physical damage or contract shall be reported to the Mortgagee immediately. An original or certified copy of each policy shall be required upon renewal. If no such copy is available, the Mortgagee shall accept a binder for a period not to exceed ninety (90) days. All binders, certificates of insurance and original or certified copies of policies shall name the Mortgagee as a named insured, or as an additional insured, shall include the complete and accurate property address and shall bear the original signature of the issuing insurance agent." 4. The Original Mortgage is hereby amended by deleting paragraph 5.02 in its entirety appearing on page 42 of the Original Mortgage and inserting the following paragraph 5.02 in its place:
Sample 1
NOTICES, CHANGES AND RENEWALS. All policies must require the insurance carrier to give Beneficiary a minimum of thirty (30) days notice in the event of cancellation or non-renewal. Grantor shall report to Beneficiary immediately any vacancy, change of title, tenant occupancy or use, physical damage, additional improvements or other factors affecting any insurance contract. An original or certified copy of each policy is required upon renewal. If no such copy is available, Beneficiary will accept a binder for a period not to exceed 90 days. All binders, certificates of insurance, and original or certified copies of policies must name Beneficiary as a named insured, or as an additional insured, must include the complete and accurate property address and must bear the original signature of the issuing insurance agent. 7.6 Unearned Premiums If this Deed of Trust is foreclosed, Beneficiary may at its discretion cancel any of the insurance policies required under this Section and apply any unearned premiums to the Indebtedness. 7.7
Sample 1
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Related to NOTICES, CHANGES AND RENEWALS

  • Notices and Waivers Any notice or waiver to be given to any party hereto shall be in writing and shall be delivered by courier, sent by facsimile transmission or first class registered or certified mail, postage prepaid, return receipt requested.

  • Notices and Requests Any notice, consent or other communication ("Notice") required or permitted under this Agreement shall be in writing and signed by the proper authority and either: (i) delivered to the party at the address set forth below; (ii) deposited in the United States mail, registered or certified, return receipt requested, to the address set forth below; or (iii) given to a recognized and reputable overnight delivery service, to the address set forth below: If to RPTA: Regional Public Transportation Authority 000 Xxxxx 0xx Xxx., Xxxxx 0000 Xxxxxxx, Xxxxxxx 00000 (Attention: Xxxxxxx X. Xxxxx, Chief Executive Officer) If to TEMPE: City of Tempe 000 Xxxx 0xx Xxxxxx Xxxxx, Xxxxxxx 00000 (Attention: Xxxxxxx X. Xxxxxx, Deputy Public Works Director) With a copy to: City Attorney City of Tempe 00 Xxxx Xxxxx Xxxxxx, Xxxxx 000 X.X. Xxx 0000 Xxxxx, Xxxxxxx 00000 or at such other address, and to the attention of such other person or officer as any party may designate in writing by Notice duly given pursuant to this section. Notices shall be deemed received: (a) when delivered to the party; (b) five business days after being placed in the United States Mail, properly address, with sufficient postage; or (c) the following business day after being given to a recognized overnight delivery service, with the person giving the Notice paying all required charges and instructing the delivery service to deliver on the following business day. If a copy of a Notice is also given to the party’s counsel or other recipient, the provisions above governing the date on which a notice is deemed to have been received by a party shall mean and refer to the date on which the party, and not its counsel or other recipient to which a copy of the Notice may be sent, is deemed to have received the Notice.

  • Notices of Certain Changes Promptly, but in any event within five (5) Business Days after the execution thereof, copies of any amendment, modification or supplement to the certificate or articles of incorporation, by-laws, any preferred stock designation or any other organic document of the Borrower or any Subsidiary.

  • Notices; Written Modifications (a) All Notices, demands and other communications required or permitted to be given pursuant to this Note shall be given in accordance with Section 31 of the Security Instrument.

  • Notices Generally Except in the case of notices and other communications expressly permitted to be given by telephone (and except as provided in subsection (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopier as follows, and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows:

  • Notices and Consents Each of the Parties will give any notices to, make any filings with, and use its best efforts to obtain any authorizations, consents, and approvals of governmental authorities necessary in order to consummate the transactions contemplated hereby.

  • Notices of Defaults and Extensions (a) Within ninety (90) days after the occurrence of a default actually known to the Property Trustee, the Property Trustee shall transmit notice of such default to the Holders, the Administrative Trustees and the Depositor, unless such default shall have been cured or waived. For the purpose of this Section 8.6, the term “default” means any event that is, or after notice or lapse of time or both would become, an Event of Default.

  • Notices, Etc All statements, requests, notices and agreements hereunder shall be in writing, and:

  • Notices and Demands Except as otherwise expressly provided in this Agreement, a notice, demand or other communication under this Agreement by any party to any other shall be sufficiently given or delivered if it is dispatched by registered or certified mail, postage prepaid, return receipt requested, or delivered personally, and

  • Notices; Standards for Decisions and Determinations Agent will promptly notify Administrative Borrower and the Lenders of (1) the implementation of any Benchmark Replacement and (2) the effectiveness of any Conforming Changes in connection with the use, administration, adoption or implementation of a Benchmark Replacement. Agent will notify Administrative Borrower of (x) the removal or reinstatement of any tenor of a Benchmark pursuant to Section 2.12(d)(iii)(D) and (y) the commencement of any Benchmark Unavailability Period. Any determination, decision or election that may be made by Agent or, if applicable, any Lender (or group of Lenders) pursuant to this Section 2.12(d)(iii), including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error and may be made in its or their sole discretion and without consent from any other party to this Agreement or any other Loan Document, except, in each case, as expressly required pursuant to this Section 2.12(d)(iii).

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