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 this Charge to its full coverable/ insurable value to the satisfaction of the Chargee with a Takaful operator/insurance company acceptable to the Chargee.

Appears in 1 contract

Samples: www.ambankgroup.com

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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 this thi s Charge to its full coverable/ insurable value to the satisfaction of the Chargee with a Takaful operator/operator / insurance company acceptable to approved by the Chargee.

Appears in 1 contract

Samples: www.ambankgroup.com

TAKAFUL/INSURANCE ON PROPERTY. The Chargor shall so long as the monies hereby secured has not been paid in full always cover/ insure keep insured the Property and all fixture erected thereon under a Takaful plantakaful policy/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 12 CB(BBA/ANNEXURE3rd/POC/July2019)AmI may from time to time think expedient and keep the same so covered/ insured throughout the duration of this Charge to its full coverable/ insurable value to the satisfaction of the Chargee with a Takaful takaful operator/insurance company acceptable to the Chargee.

Appears in 1 contract

Samples: ambankgroup.com

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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 this Charge to its full coverable/ insurable value to the satisfaction of the Chargee with a Takaful operator/insurance company acceptable to approved by the Chargee.

Appears in 1 contract

Samples: ambankgroup.com

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