Lenders Protection definition
Examples of Lenders Protection in a sentence
Lenders Protection shall have the right (consistent with the terms of Applicable Law) to source and produce business through the Surplus Lines Broker under the Program as a subagent therefor.
Lenders Protection reserves all rights not expressly granted herein.
If there are changes in any Applicable Law or if any Governmental Authority issues an opinion that renders the services or certain aspects of the services of Lenders Protection provided hereunder illegal or otherwise prohibited, then Lenders Protection shall use commercially reasonable efforts to promptly develop and propose changes in the services and take other actions reasonably required so that the services continue to satisfy all Applicable Laws.
Each of the Parties hereto acknowledges and agrees that the terms and provisions hereof (including those set forth on Schedule B), have been negotiated at arm’s length and that neither Lenders Protection nor any of its representatives, Affiliates or agents has made any predictions, assurances or guarantees with respect to the number of Policies to be issued under the Program during the Term, if any.
The Parties hereto acknowledge and agree that the purpose and objective of such Post-Termination Support shall be to ensure that the business of Lenders Protection (and the Program offered thereby) continues with the least amount of delay, interference, cost, disruption or other operational inefficiency.
For purposes of this Section 7, unless otherwise expressly indicated, references to the Company shall include, individually and collectively, the Company, its subsidiaries and affiliates, and its and their predecessors (including Lenders Protection, LLC and Open Lending LLC), successors and assigns.
For purposes of establishing absolute clarity, Lenders Protection shall, at all times, be permitted to allow financial institutions to access the Software Platform for purposes of submitting new business relating to the issuance of Additional Carrier Policies pursuant to the Program.
Lenders Protection shall ensure that each loan made through the Software Platform and requested by Lenders Protection to be made part of the Program with ▇▇▇ is reported to ▇▇▇ in accordance with the agreement between the Parties and is otherwise scheduled to the appropriate Policy, in accordance with ANA’s requirements and direction.
Lenders Protection, LLC Lending Call Center Services, LLC Member Protection Insurance Plans, Inc.
In the event that ▇▇▇ affirmatively elects to decline participation or in the event that the Parties are unable to reach agreement with respect to the terms and conditions on which ▇▇▇ will participate during such [***], Lenders Protection shall be free to commercially offer such New Products without participation by or with ▇▇▇.