E&O Policy definition
Examples of E&O Policy in a sentence
If Contractor is not required by law to have an EO Policy, Contractor must submit a written statement to that effect.
In compliance with Arkansas Code Annotated § ▇▇-▇▇-▇▇▇, if a state agency is purchasing services, the Office of State Procurement (OSP) is required to have a copy of the Contractor’s Equal Opportunity (EO) Policy prior to entering into this Addendum.
Consultant is not required to carry his or her own separate E&O Policy, but may do so at Consultant’s discretion.
In addition, there may be certain states whose regulatory regimes, and/or in which the terms of eXp’s E&O Policy, require an additional state-specific addendum to be executed between eXp and Agent as a condition for there being a possibility of any coverage under the E&O Policy.
Unless waived by the Parties, Navient and SLM BankCo shall extend or purchase a new Joint E&O Policy and Joint F.I. Bond Policy, on no less favorable terms, for such period or periods as may be necessary for them to be in effect throughout the period of the IT Transition.
The Seller shall notify the Purchaser within five (5) business days of receipt of notice that such Fidelity Bond or E&O Policy will be, or has been, materially modified or terminated.
The E&O Policy shall protect and insure the Servicer against losses arising out of errors and omissions and negligent acts of such persons.
No provision of this Section 4.12 requiring the Fidelity Bond or E&O Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement.
Such E&O Policy shall also protect and insure the Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby.
The cost of each Joint E&O Policy and Joint F.I. Bond Policy shall be shared by the Parties (including extensions and replacements) based on their relative revenue for the four most recent calendar quarters (for which financial information is available) prior to the effective date of such policies; provided, the initial premium shall be based on the pro forma revenue for 2013 for Navient and SLM BankCo, after giving effect to the transactions contemplated by this Agreement.