and Omissions definition

and Omissions means design deficiencies in the plans, specification or other documents prepared by the Consultant, which must be corrected in order for the project to function or be built as intended.
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and Omissions. The Total Program Manager’s Architect shall procure Professional Liability Insurance in the manner described herein. The deductible shall not be more than Fifty Thousand ($50,000) Dollars for each policy and must be indicated on the certificate of insurance. The insurance policy shall be non-cancelable and the limits of the Professional Liability Insurance Policy shall be as follows:
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and Omissions. A minimum limit of liability of $1 million per occurrence.
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Examples of and Omissions in a sentence

  • Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby.

  • Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Company against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby.

  • The Company shall maintain the Fidelity Bond and Errors and Omissions Insurance Policy as provided for in Section 4.12 insuring the Company against any loss it may sustain with respect to any Mortgage Loan not satisfied in accordance with the procedures set forth herein.

  • No provision of this Section 4.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Company from its duties and obligations as set forth in this Agreement.

  • Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees.

  • Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Company against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Company Employees.

  • The Servicer shall keep in force during the term of this Agreement a Fidelity Bond and Errors and Omissions Insurance Policy.

  • The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans (“Servicer Employees”).

  • Errors and Omissions liability with minimum liability limits of $1,000,000 per claim and in the aggregate.

  • The Master Servicer shall supervise, monitor and oversee the servicing of the Mortgage Loans by each Servicer and the performance by each Servicer of all services, duties, responsibilities and obligations (including the obligation to maintain an Errors and Omissions Policy and Fidelity Bond) that are to be observed or performed by the Servicer under its respective Servicing Agreement.


More Definitions of and Omissions

and Omissions insurance cover considered adequate by ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ and S&C ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, S.
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and Omissions means design deficiencies in the plans, specification or other documents prepared by the Consultant, which must be corrected in order for the project to function or be built as intendedInspector means an employee of the City or of a consulting firm hired by the City and assigned by the City to make observations of Work performed by a Contractor.
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and Omissions. BJC shall secure and maintain Errors and Omissions ("E & O") Coverage with such coverage limits as are reasonably acceptable to Plan and attached hereto as EXHIBIT I for any managed care delegated function, as defined herein, BJC undertakes pursuant to this Agreement. In the event BJC fails to comply with the terms of this Section 6.2 after 30 days prior written notice from Plan to BJC, Plan may elect (but shall not be obligated to BJC or to BJC Providers) to purchase the appropriate insurance coverage on BJC's and/or BJC Provider's behalf and deduct the cost of such insurance coverage from amounts payable to BJC under this Agreement.
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Related to and Omissions

  • Errors and Omissions Policy As defined in each of the Servicing Agreements.

  • Errors and Omissions Insurance Policy means an errors and omissions insurance policy maintained by the Master Servicer, the Special Servicer, the Trustee, the Custodian or the Certificate Administrator, as the case may be, in accordance with Section 8.2, Section 9.2 and Section 7.17, respectively.

  • Professional liability insurance means insurance against legal liability incident to the practice of a profession and provision of a professional service.

  • General Liability means any and all liability which may be insured under the laws of the State of New Jersey, excluding workers’ compensation, and employer’s liability. The exact definition of a “general liability” or similar terms is the definition used in the insurance policy issued by the Commission.

  • General Liabilities shall have the meaning given it in Article III, Section 6(b) of this Declaration of Trust;