Obtaining Coverage Sample Clauses

Obtaining Coverage. This Policy shall extend to each Loan which the Insured submits for coverage under this Policy, provided that it is made in accordance with the terms and provisions of this Policy, including the Eligibility Criteria, and is accepted for insurance by the Company, as evidenced by a Certificate issued by the Company. In order to obtain coverage under this Policy for a Loan, the Insured or the Person acting on its behalf must submit a duly completed Application to the Company and notify the Company of the Servicer of the Loan, all of which must be acceptable to the Company. If all applicable requirements are satisfied, extension of coverage to a Loan under this Policy shall be evidenced by issuance of a Certificate Number on the Certificate Schedule.
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Obtaining Coverage. 10.01. When initially considering obtaining insurance and when considering renewing insurance coverage, the Manager will obtain recommendations and quotations of premium costs from at least three different insurance companies on all forms of insurance needed to protect each Owner and the Premises. The types of insurance coverage that the Manager will investigate include but are not limited to workers' compensation (or alternative occupational safety program as allowed by State Law), public liability, boiler, fire and extended coverage, burglary and theft, moneys and securities, and forgery and alterations. After the Manager completes this investigation, the Owner will select the types and amounts of coverage it deems necessary, appropriate, and economically prudent. The Manager and each Owner will be named as co-insured on all insurance policies relating to workers' compensation (or alternative occupational safety program as allowed by State Law), public liability, burglary and theft, moneys and securities, and forgery and alterations insurance. Promptly after receiving confirmation of the issuance or renewal of an insurance policy described in this paragraph, the Manager will deliver to the Owner a copy of the confirmation and the actual insurance policy. Insurance premiums are an expense of the Premises. The Manager will arrange to have all insurance policies provide that notice of default or termination will be sent to each Owner and Manager.
Sample 1
Obtaining Coverage. 8 2.2 Representations of the Insured ..........................................................................8 2.3 Initial Premium .........................................................................................9 2.4 Cancellation of Policy for Non-Payment of Subsequent Premium ............................................9 2.5 Company's Remedies for Misrepresentation ................................................................9 2.6
Sample 1
Obtaining Coverage. In order to obtain an extension of coverage for a Loan under this Policy, the Insured shall submit an application in a form furnished by or acceptable to the Company and any other information required by the Program Criteria in effect at the date of execution of the application. Coverage is evidenced by a Commitment and Certificate which extends a commitment for coverage pursuant to the terms and conditions thereof and of the Policy. A Commitment may not be sold, assigned or transferred by the Insured without the prior approval of the Company. Should the Insured contact the Company by telephone about any such application for coverage, to provide additional information to the Company about a loan, the borrower, the property or otherwise, the Insured understands and agrees that any such telephone conversation may be electronically recorded and retained by the Company and agrees to so advise all of its employees. If the Company declines to issue a Commitment and Certificate, the Company will notify the Insured of such declination. The Insured is responsible for notifying the borrower of such declination in compliance with any applicable state or federal laws or regulations, including the Equal Credit Opportunity Act and any other similar law or regulation.
Sample 1
Obtaining Coverage. If you indicate “Accept” in the ALI box when completing the Avis Preferred Master Rental Agreement Enrollment Profile, coverage will be provided for the rental vehicle. The daily fee currently charged for this optional coverage varies between US $10.95 per day and US $16.84 per day depending upon the state of rental, and is subject to change. Such daily fee is due for each full or partial rental day. Indemnification and Waiver You shall defend, indemnify, and hold us, our parent and affiliated companies harmless from all losses, liabilities, damages, injuries, claims, demands, awards, costs, attorney fees, and other expenses incurred by us in any manner from this rental transaction or from the use of the car by you or any 11 person, including claims of, or liabilities to, third parties. You may present a claim to your insurance carrier for such events or losses; but in any event, you shall have final responsibility to us for all such losses. You waive any claim against us for incidental, special or consequential damages in connection with the rental. If the rental takes place at a location operated by an Avis System Licensee and a claim relating to this transaction is made against Avis Rent A Car System, LLC, that alleges unfair, deceptive or unconscionable conduct that renting Avis licensee agrees to indemnify and hold Avis Rent a Car System LLC, harmless from and against such claim, including the related costs and expenses. Personal Accident Insurance (PAI) and Personal Effects Protection (PEP) Personal Accident Insurance Coverage (PAI) XXX is provided for accidental death, medical expenses and ambulance expenses for injuries due to an accident. The renter is covered during the entire rental period. Passengers are also provided coverage for accidental bodily injuries sustained in an accident occurring while in or on, boarding or alighting from the vehicle specified in the rental agreement. BENEFITS RENTER EACH PASSENGER Loss of Life: US $175,000* US $17,500 Medical Expenses US $2,500** US $2,500**
Sample 1

Related to Obtaining Coverage

  • Continuing Coverage If a letter of assurance is obtained from any insurer under a Hazard Insurance policy or a Flood Insurance policy that the insurance coverage shall continue in full force and effect, the Servicer shall deposit such letter in the appropriate Servicer Mortgage Loan File.

  • Tail Coverage If any of the required insurance is on a claims made basis and does not include an extended reporting period of at least 24 months, Grantee shall maintain either tail coverage or continuous claims made liability coverage, provided the effective date of the continuous claims made coverage is on or before the effective date of this Grant Agreement, for a minimum of 24 months following the later of (i) Grantee’s completion and Agency’s acceptance of all Services required under this Grant Agreement, or, (ii) Agency or Grantee termination of this Grant Agreement, or, iii) The expiration of all warranty periods provided under this Grant Agreement.

  • Continuation Coverage Consistent with state and federal laws, certain employees, former employees, dependents, and former dependents may continue group health, dental, and/or life coverage at their own expense for a fixed length of time. As of the date of this Agreement, state and federal laws allow certain group coverages to be continued if they would otherwise terminate due to:

  • Asset Coverage The Borrower will not at any time permit the aggregate amount of Total Liabilities that are Senior Securities Representing Indebtedness to exceed 33 1/3% of its Adjusted Net Assets.

  • Coverage i) It is expected that both job sharers will cover each other's incidental illnesses. If, because of unavoidable circumstances, one cannot cover the other, the unit supervisor must be notified to book coverage. Job sharers are not required to cover for their partner in the case of prolonged or extended absences.

  • Medical Coverage The Executive shall be entitled to such continuation of health care coverage as is required under, and in accordance with, applicable law or otherwise provided in accordance with the Company’s policies. The Executive shall be notified in writing of the Executive’s rights to continue such coverage after the termination of the Executive’s employment pursuant to this Section 3(d)(iv), provided that the Executive timely complies with the conditions to continue such coverage. The Executive understands and acknowledges that the Executive is responsible to make all payments required for any such continued health care coverage that the Executive may choose to receive.

  • Insurance Coverage The Company and each Subsidiary maintains in full force and effect insurance coverage that is customary for comparably situated companies for the business being conducted and properties owned or leased by the Company and each Subsidiary, and the Company reasonably believes such insurance coverage to be adequate against all liabilities, claims and risks against which it is customary for comparably situated companies to insure.

  • Comparable Coverage The Bank shall maintain the Policy in full force and effect. The Bank may not amend, terminate, or otherwise abrogate the Executive’s interest in the Policy unless the Bank replaces the Policy with a comparable insurance policy to cover the benefit provided under this Agreement and executes a new split dollar agreement and endorsement for the comparable insurance policy. The Policy or any comparable policy shall be subject to claims of the Bank’s creditors.

  • Insurance Coverages The Contractor shall procure and maintain, at its sole cost and expense, in a form and content satisfactory to City, during the entire term of this Agreement including any extension thereof, the following policies of insurance which shall cover all elected and appointed officers, employees and agents of City:

  • Health Care Coverage The Company shall continue to provide Executive with medical, dental, vision and mental health care coverage at or equivalent to the level of coverage that the Executive had at the time of the termination of employment (including coverage for the Executive’s dependents to the extent such dependents were covered immediately prior to such termination of employment) for the remainder of the Term of Employment, provided, however that in the event such coverage may no longer be extended to Executive following termination of Executive’s employment either by the terms of the Company’s health care plans or under then applicable law, the Company shall instead reimburse Executive for the amount equivalent to the Company’s cost of substantially equivalent health care coverage to Executive under ERISA Section 601 and thereafter and Section 4980B of the Internal Revenue Code (i.e., COBRA coverage) for a period not to exceed the lesser of (A) 18 months after the termination of Executive’s employment or (B) the remainder of the Term of Employment, and provided further that (1) any such health care coverage or reimbursement for health care coverage shall cease at such time that Executive becomes eligible for health care coverage through another employer and (2) any such reimbursement shall be made no later than the last day of the calendar year following the end of the calendar year with respect to which such coverage or reimbursement is provided. The Company shall have no further obligations to the Executive as a result of termination of employment described in this Section 8(a) except as set forth in Section 12.

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