Proof of Loss. In the event the Company is unable to determine the amount of loss or damage, the Company may, at its option, require as a condition of payment that the Insured Claimant furnish a signed proof of loss. The proof of loss must describe the defect, lien, encumbrance, or other matter insured against by this policy that constitutes the basis of loss or damage and shall state, to the extent possible, the basis of calculating the amount of the loss or damage.
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Samples: Membership Interest Purchase Agreement (MVP REIT II, Inc.), Purchase and Sale Agreement (Trans Energy Inc), Contract of Sale (QTS Realty Trust, Inc.)
Proof of Loss. In the event the Company is unable to determine the amount of loss or damage, the Company may, at its option, require as a condition of payment that the Insured Claimant furnish a signed proof of loss. The proof of loss must describe the defect, lien, encumbrance, encumbrance or other matter insured against by this policy that constitutes the basis of loss or damage and shall state, to the extent possible, the basis of calculating the amount of the loss or damage.
Appears in 2 contracts
Samples: Owner Policy of Title Insurance, Contract of Sale (Franklin Street Properties Corp /Ma/)
Proof of Loss. In the event the Company is unable to determine the amount of loss or damage, the Company may, at its option, require as a condition of payment that the Insured Claimant furnish a signed proof of loss. The proof of loss must describe the defect, lien, encumbrance, or other matter insured Insured against by this policy that constitutes the basis of loss toss or damage and shall state, to the extent possible, the basis of calculating the amount of the loss or damage.
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