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. 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. 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.
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

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.

  • Basic Coverage Contractor shall provide and maintain at the JBE’s discretion and Contractor’s expense the following insurance during the Term:

  • Basic Coverages Subd. 1. Faculty

  • Single Coverage The School District will pay up to $28.00 per month for individual coverage for each full-time teacher who qualifies for and enrolls in the School District's group dental insurance plan.

  • 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.

  • Life Coverage Paragraph 1: The Board shall provide a group term life coverage in the sum of

  • Family Coverage The employee’s cost for family coverage will be nineteen and one-half percent (19.5%) of the family rate for the employee’s Base Medical Plan. If the employee chooses a plan other than the Base Medical Plan, the employee’s cost will be the standard employee’s family rate established for that plan (i.e. the rate applicable where it has not been modified to be a zone’s Base Medical Plan). The employer shall pay the rate over and above the employee’s cost for the Base Medical Plan.

  • Continuation Coverage If Executive elects continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) within the time period prescribed pursuant to COBRA for Executive and Executive’s eligible dependents, then the Company will reimburse Executive for the COBRA premiums for such coverage (at the coverage levels in effect immediately prior to Executive’s termination) until the earlier of (A) a period of six (6) months from the date of termination or (B) the date upon which Executive and/or Executive’s eligible dependents become covered under similar plans. The reimbursements will be made by the Company to Executive consistent with the Company’s normal expense reimbursement policy. Notwithstanding the first sentence of this Section 3(a)(iii), if the Company determines in its sole discretion that it cannot provide the foregoing benefit without potentially violating, or being subject to an excise tax under, applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the Company will in lieu thereof provide to Executive a taxable monthly payment, payable on the last day of a given month, in an amount equal to the monthly COBRA premium that Executive would be required to pay to continue Executive’s group health coverage in effect on the termination of employment date (which amount will be based on the premium for the first month of COBRA coverage), which payments will be made regardless of whether Executive elects COBRA continuation coverage and will commence on the month following Executive’s termination of employment and will end on the earlier of (x) the date upon which Executive obtains other employment or (y) the date the Company has paid an amount equal to six (6) payments. For the avoidance of doubt, the taxable payments in lieu of COBRA reimbursements may be used for any purpose, including, but not limited to continuation coverage under COBRA, and will be subject to all applicable tax withholdings.

  • 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 If any of the aforementioned liability insurance is arranged on a "claims made" basis, "tail" coverage will be required at the completion of this contract for a duration of 24 months or the maximum time period the PURCHASER's insurer will provide such if less than 24 months. PURCHASER will be responsible for furnishing certification of "tail" coverage as described or continuous "claims made" liability coverage for 24 months following contract completion. Continuous "claims made" coverage will be acceptable in lieu of "tail" coverage, provided its retroactive date is on or before the effective date of this contract.

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