We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Ordinance and Law Sample Clauses

Ordinance and Law. If any part of the Mortgaged Property is legal non-conforming under current building, zoning or land use laws or ordinances, then “Ordinance and Law Coverage” in the amount required by Lender.
Ordinance and Law. If the Mortgaged Property constitutes a legal non-conforming use, then “Ordinance and Law Coverage” in the amount required by Lender, including the follow endorsements: (A) “Loss to the Undamaged Portion of the Building.” (B) “Demolition Cost.” (C) “Increased Cost of Construction.” (D) “Increased Period of Restoration.”
Ordinance and Law. For policies with Ordinance and Law coverage, please refer to the specific policy provisions regarding the limit of liability. Ordinance and Law coverage must be enforced and increased costs incurred prior to payment, which should be shown in the Xactimate estimate utilizing the Paid When Incurred (PWI) feature. • Permits and Fees - Permits and fees should be paid based on actual costs documented by the repair contractor or estimated based on the municipal jurisdiction building code requirements. If such charges appear excessive, they should be supported via on-line local city/county websites or the local building code enforcement office.‌ • Paid When Incurred (PWI) – When it is determined that the items are payable when incurred, utilize the Xactimate’s Paid When Incurred feature (See Xactimate Paid When Incurred (PWI) Feature Job Aid). PWI may be paid, but is not limited to the following circumstances: o Receipt of a signed repair contract o Receipts invoices, photographs, and/or documentation received confirming repair or replacement has been completed Note: Depreciation should not be applied to PWI items. • Sub-bids – Factoring sub-bids as a single line-item entry is prohibited if Xactimate line-items are available in the software tool. o If the specialty trade on a sub-bid cannot be broken out by Xactimate line-item entry, the adjuster should ensure that: ▪ The corresponding trade Category, i.e., Plumbing and the Selector of BIDITM are utilized. ▪ The sub-bid is itemized for material and labor and not factored as a lump sum. ▪ Any O&P and/or sales tax reflected in the sub-bid are not duplicated by the software calculations. ▪ The use of the sub-bid is supported with an Xactimate note. ▪ The sub-bid is uploaded into XactAnalysis documents. NEGOTIATION AND SETTLEMENT‌‌ • Attempt to reach an agreed ‘scope and damage’ estimate with the insured or their representative(s). o If an agreed scope cannot be obtained, the adjuster should issue payment of the undisputed covered damages determined at the inspection. • Appropriate steps to conclude the loss should be facilitated and documented with rationale in the file notes. This may include: o Acknowledging relevant correspondence associated with coverage or damages o Negotiation upon receipt of estimates, invoices, receipts, or other documentation from the insured or their representative(s) • Protect the interests of lienholders, mortgagees, additional insured(s), insured’s representatives and AOB parties. o Co...
Ordinance and Law. Required, to the extent available on commercially reasonable terms, if the Property is non-conforming or non-complying for: (A) diminution of value caused by the enforcement of current building codes and zoning laws (coverage A) in an amount not less than 100% of the full replacement cost of the improvements; (B) demolition and removal costs of the undamaged portions of the structure in an amount not less than 10% of the full replacement cost of the improvements (coverage B); and (C) the increased cost of repair or reconstruction in an amount not less than 25% of the full replacement cost of the improvement (coverage C).

Related to Ordinance and Law

  • Ordinance Or Law Ordinance Or Law means any ordinance or law: a. Requiring or regulating the construction, demolition, remodeling, renovation or repair of property, including removal of any resulting debris. This Exclusion A.1.a. does not apply to the amount of coverage that may be provided for in E.11. Ordinance Or Law under Section I – Property Coverages; b. The requirements of which result in a loss in value to property; or c. Requiring any "insured" or others to test for, monitor, clean up, remove, contain, treat, detoxify or neutralize, or in any way respond to, or assess the effects of, pollutants.

  • Sunshine Ordinance Contractor acknowledges that this Agreement and all records related to its formation, Contractor’s performance of Services, and City’s payment are subject to the California Public Records Act, (California Government Code §6250 et. seq.), and the San Francisco Sunshine Ordinance, (San Francisco Administrative Code Chapter 67). Such records are subject to public inspection and copying unless exempt from disclosure under federal, state or local law.

  • Compliance with Governmental Rules and Regulations Except as otherwise provided in the Agreement and except for the accuracy of information furnished to the Fund by Price Services, each Fund assumes full responsibility for the preparation, contents and distribution of its prospectuses and compliance with all applicable requirements of the ’40 Act, the ‘34 Act, the ‘33 Act, and any other laws, rules and regulations of governmental authorities having jurisdiction over the Fund. Price Services shall be responsible for complying with all laws, rules and regulations of governmental authorities having jurisdiction over transfer agents and their activities and cooperating with respect to examinations and requests from such governmental authorities.

  • Maryland Law The Executive agrees, in accordance with Maryland law, to first offer to the Company corporate opportunities learned of solely as a result of his service as an officer of the Company.

  • COMPLIANCE WITH HEALTH, SAFETY, AND ENVIRONMENTAL REGULATIONS The Contractor, it’s Subcontractors, and their respective employees, shall comply fully with all applicable federal, state, and local health, safety, and environmental laws, ordinances, rules and regulations in the performance of the services, including but not limited to those promulgated by the City and by the Occupational Safety and Health Administration (OSHA). In case of conflict, the most stringent safety requirement shall govern. The Contractor shall indemnify and hold the City harmless from and against all claims, demands, suits, actions, judgments, fines, penalties and liability of every kind arising from the breach of the Contractor’s obligations under this paragraph.

  • Applicable Rules and Regulations The Account and each transaction therein shall be subject to the terms of this Agreement and to (a) all applicable laws and the regulations, rules and orders (collectively "regulations") of all regulatory and self-regulatory organizations having jurisdiction and (b) the constitution, by-laws, rules, regulations, orders, resolutions, interpretations and customs and usages (collectively "rules") of the market and any associated clearing organization (each an "exchange") on or subject to the rules of which such transaction is executed and/or cleared. The reference in the preceding sentence to exchange rules is solely for DWR's protection and DWR's failure to comply therewith shall not constitute a breach of this Agreement or relieve Customer of any obligation or responsibility under this Agreement. DWR shall not be liable to Customer as a result of any action by DWR, its officers, directors, employees or agents to comply with any rule or regulation.

  • Ordinances and Statutes Lessee shall comply with all statutes, ordinances and requirements of all municipal, state and federal authorities now in force, or which may hereafter be in force, pertaining to the premises, occasioned by or affecting the use thereof by Lessee.

  • Compliance with Applicable Laws, Rules and Regulations The Dealer Manager represents to the Company that (a) it is a member of FINRA in good standing, and (b) it and its employees and representatives who will perform services hereunder have all required licenses and registrations to act under this Agreement. With respect to its participation and the participation by each Participating Dealer in the offer and sale of the Offered Shares (including, without limitation, any resales and transfers of Offered Shares), the Dealer Manager agrees, and, by virtue of entering into the Participating Dealer Agreement, each Participating Dealer shall have agreed, to comply with any applicable requirements of the Securities Act and the Exchange Act, applicable state securities or blue sky laws, and, specifically including, but not in any way limited to, NASD Conduct Rules 2340 and 2420, and FINRA Conduct Rules 2310, 5130 and 5141.

  • Compliance with Rules and Regulations PFPC undertakes to comply with all applicable requirements of the Securities Laws and any laws, rules and regulations of governmental authorities having jurisdiction with respect to the duties to be performed by PFPC hereunder. Except as specifically set forth herein, PFPC assumes no responsibility for such compliance by the Fund or any other entity.

  • Compliance with Federal Law, Regulations, and Executive Orders This is an acknowledgement that FEMA financial assistance will be used to fund all or a portion of the contract. The contractor will comply with all applicable Federal law, regulations, executive orders, FEMA policies, procedures, and directives.