Common use of TAKAFUL/INSURANCE ON PROPERTY Clause in Contracts

TAKAFUL/INSURANCE ON PROPERTY. The Chargor shall so long as the monies hereby secured has not been paid in full cover/ insure the Property and all fixture erected thereon under a Takaful plan/ an insurance plan in the name of the Chargor against loss or damage by fire, lighting, tempest, flood, riot, civil commotion, strike, malicious acts and against such other risks as the Chargee may from time to time think expedient and keep the same so covered/ insured throughout the duration of thi s Charge to its full coverable/ insurable value to the satisfaction of the Chargee with a Takaful operator / insurance company approved by the Chargee.

TAKAFUL/INSURANCE ON PROPERTY. The Chargor shall so long as the monies hereby secured has not been paid in full cover/ insure the Property and all fixture erected thereon under a Takaful plan/ plan/an insurance plan in the name of the Chargor against loss or damage by fire, lighting, tempest, flood, riot, civil commotion, strike, malicious acts and against such other risks as the Chargee may from time to time think expedient and keep the same so covered/ insured throughout the duration of thi s this Charge to its full coverable/ insurable value to the satisfaction of the Chargee with a Takaful operator / operator/insurance company approved by the Chargee.

TAKAFUL/INSURANCE ON PROPERTY. The Chargor shall so long as the monies hereby secured has not been paid in full cover/ insure the Property and all fixture erected thereon under a Takaful plan/ plan/an insurance plan in the name of the Chargor against loss or damage by fire, lighting, tempest, flood, riot, civil commotion, strike, malicious acts and against such other risks as the Chargee may from time to time think expedient and keep the same so covered/ insured throughout the duration of thi s this Charge to its full coverable/ insurable value to the satisfaction of the Chargee with a Takaful operator / operator/insurance company approved by acceptable to the Chargee.